What are the latest figures on the forest products trucking market’s size and projected CAGR?
The forest products trucking market size has grown strongly in recent years. It will grow from $203.07 billion in 2024 to $219.15 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. 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 $293.06 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. 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, and forest road management.
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Which Market drivers have played a significant role in driving the forest products trucking market?
The rising construction activities drive the demand for the forest products trucking market. Construction activities refer to the processes involved in the building, renovation, or alteration of structures, including residential, commercial, and infrastructure projects. The incidence of rising construction activities is increasing due to factors such as population growth, urbanization, and economic development, which drive the demand for new buildings and infrastructure. Forest products trucking facilitates rising construction activities by providing timely and efficient transportation of essential materials, like lumber and plywood, necessary for construction projects. For instance, in November 2023, according to the Office for National Statistics, a UK-based government department, new construction activities saw an increase of £18,161 million ($19.96 million) in 2022, with private sector projects growing by 16.8% and public sector projects rising by 13.1%. Therefore, rising construction activities are driving the growth of the forest products trucking market.
What are the key segments within the forest products trucking market?
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
Subsegments:
1) By Log Transport: Roundwood Transport, Timber Transport
2) By Chip Transport: Wood Chip Transport, Pulpwood Transport
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Which key players are shaping the forest products trucking market?
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
Which market trends are set to define the future of the forest products trucking market?
The shortage of truck drivers is a major challenge in the forest products trucking market. According to the American Trucking Association’s (ATA) USA estimates, there is a shortage of 50,000 truck drivers and this is expected to increase to 174,000 by 2026. Moreover, according to an article in the Canadian Press, due to the shortage of truck drivers, Weyerhaeuser, an American timberland company, lost $10 million to $15 million in the fourth quarter. By 2024, the average age of truck drivers is expected to be 50, the shortage is expected to be between 38,000 and 48,000, and more than 10,000 truck drivers retire every year. Therefore, the shortage of truck drivers is expected to limit the growth of the forest products trucking market.
What are the key regional dynamics of the forest products trucking market, and which region leads in market share?
Asia-Pacific was the largest region in the forest products trucking market in 2024. North America was the second largest region in the forest products trucking market. The regions covered in the forest products trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Forest Products Trucking Market Report 2025 Offer?
The forest products trucking market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Forest products trucking refers to a mode of transportation that provides over-the-road transportation of forest products such as wood to carry it using heavy loading trucks to the point of storage and processing to make it suitable for furniture products for domestic and commercial purposes and provide raw materials for industrial applications.
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