Market Size of united states full truckload road freight transport Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2028 |
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Base Year For Estimation | 2021 |
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CAGR | 3.86 % |
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Largest Share by End User | Wholesale and Retail Trade |
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Fastest Growing by End User | Agriculture, Fishing and Forestry |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
US Full Truckload Road Freight Transport Market Analysis
The United States Full Truckload Road Freight Transport Market is projected to register a CAGR of 3.86%
- Largest Segment by Destination - Domestic : The domestic segment dominated the international trucking segment in the United States in the full truckload market as all freight tonnage moved throughout the United States has been gaining a faster momentum over the past few years.
- Largest Segment by End User - Wholesale and Retail Trade : The wholesale and retail trade segment has been experiencing growth due to an increase in B2B e-commerce sales during the COVID-19 pandemic.
- Fastest Growing Segment by End User - Agriculture, Fishing and Forestry : The agriculture, fishing and forestry segment has been experiencing the fastest growth in the United States owing to the increased production in response to rising domestic and international demand. For instance, it grew by 5.31% YoY in 2021.
- Fastest Growing Segment by Destination - Domestic : Due to driver shortages, limits on cross-border transportation during the pandemic, and increasingly stringent border controls, the domestic segment maintained a faster-growing percentage share throughout the historical period.
