Forest Products Trucking Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Forest Products Trucking Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Forest Products Trucking Global Market Report 2024, 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.

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.

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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

Technological advancements are the key trend gaining popularity in the oil and gas pipeline leak detector market. Major companies operating in the oil and gas pipeline leak detector market are focused on developing innovative products to strengthen their position in the market. For instance, in November 2022, Hawk Measurement Systems, a US-based manufacturer that develops level measurement and flows in a pipeline, launched Praetorian System for continuous real-time monitoring of oil and gas pipeline infrastructure. Fiber Optic Sensing (FOS) technology is used in HAWK’s Praetorian System, in which Fiber Optic Cable is put along the pipeline and detects changes in sound, stress, temperature, or vibration, allowing the system to cross-reference and delete spurious signals and uses temperature as well as vibration (multi-variable sensing) to positively identify the leak.

The forest products trucking market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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