Transportation Products & Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Local Freight Trucking Services
Overview
Market size
$425.0B
global, USD
CAGR
3.4%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
6
tracked players
Signals
12
7 high severity
Market outlook
2031$502.3B
What changed
Demand by region
North America demand36%
Europe demand26%
Asia Pacific demand25%
Latin America demand7%
Rest of world demand6%
share of global demandtotal 100%
Cost drivers
Labor and Driver Wages40%
Fuel and Fuel Surcharges22%
Equipment Capital and Maintenance18%
Insurance and Risk Management12%
Overhead and Fleet Management Technology8%
share of delivered cost (analyst estimate)