Press release
Forest Products Trucking Global Market Size, Revenue, Growth Report, Industry Insights, Regional Analysis and Forecast Till 2033 | Good Logistics, CRST International, Prime Inc., XPO Inc., Saia Inc.
Forest Products Trucking Global Market
The Business Research Company offers in-depth market insights through Forest Products Trucking Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The forest products trucking market size has grown strongly in recent years. It will grow from $210.58 billion in 2023 to $225.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to timber industry growth, logging and lumber mills, wood product demand, infrastructure development.
The forest products trucking market size is expected to see strongly grown in the next few years. It will grow to $295.02 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to sustainable logging practices, environmental regulations, technological advancements, biomass and bioenergy. Major trends in the forecast period include sustainability and certification, e-commerce and online marketplaces, timber theft prevention, forest road management.
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Market Segmentation:
The forest products trucking market covered in this report is segmented -
1) By Type: Log Transport, Chip Transport
2) By Size: Heavy Trucks, Medium Trucks, Light Trucks
3) By Applications: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Other Applications
Major Driver - Rising Demand For Wood-Based Raw Materials Spurs Growth In Forest Products Trucking Market
The increase in demand for wood-based raw materials drives the demand for the forest products trucking market. Wood is the raw material for pulp and paper, wood-based panels, and many chemical products. For instance, in July 2022, according to the National Association of Home Builders, a US-based trade association, in 2021, 92% of newly constructed homes were framed with wood, while 7% were constructed using concrete. On a quantitative basis, there were 895,000 wood-framed homes completed in 2021, which represented an 8% increase compared to the total in 2020. . The rise in demand for wooden raw materials boosted the demand for trucking forest products and positively affected the forest products trucking market.
Competitive Landscape:
Major companies operating in the forest products trucking market include Good Logistics, Timber Products Company, Fr. Meyer's Sohn (GmbH & Co.) KG, JB Hunt Transport Services Inc., Knight Transportation, CRST International, Leavitt's Freight Service, Anderson Trucking Service Inc., Mercer Transportation, Prime Inc., Roadrunner Transportation Systems, ArcBest Corporation, XPO Inc., C.H. Robinson Worldwide Inc., Coyote Logistics, Echo Global Logistics Inc., Landstar System Inc., Schneider National Inc., Swift Transportation, Werner Enterprises Inc., Yellow Corporation, Old Dominion Freight Line Inc., Saia Inc., Estes Express Lines, ABF Freight System Inc., FedEx Corporation, TForce Freight
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Top Trend - Forest Products Trucking Goes Green With Electric Timber Trucks
Development of electric trucks is a key trend gaining popularity in the forest products trucking market. Customers are increasingly preferring vehicles with lower carbon emissions. Electric trucks are environmentally sustainable and have lower carbon footprint. For example, in August 2022, Svenska Cellulosa AB (SCA), a Swedish forest industry company, together with Scania, a Swedish manufacturer of commercial vehicles, developed the electric timber truck with a capacity of 80 tons. The new electric timber truck represents an innovative step on the journey towards a fossil-free society and can be driven with a total weight of 64 tons on public roads and 80 tons on private roads.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Forest Products Trucking Market Characteristics
3. Forest Products Trucking Market Trends And Strategies
4. Forest Products Trucking Market - Macro Economic Scenario
5. Forest Products Trucking Market Size And Growth
…..
27. Forest Products Trucking Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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