GLOBAL TRUCK TRANSPORT GROWTH
SUPPLY CHAIN LOGISTICS
GLOBAL TRUCK TRANSPORT GROWTH
- added that , to develop a standard in the international forum , “ it ’ s essential to have harmonised solutions in order to lower costs and increase interoperability , without compromising on safety and uptime .”
He said : “ It is also imperative to include the MCS standards in the legislation that will regulate the minimum requirements for the infrastructure of alternative fuels in Europe , something we ’ re actively lobbying on ”.
The MCS will not only be used for road vehicles ; vessels at sea and in the air , have paid interest too . The final version of the MCS connector system will be ready in 2024 .
The global truck transport market is expected to grow to US $ 1,833.94bn in 2022 at a compound annual growth rate ( CAGR ) of 10.3 %, according to The Business Research Company . The truck transportation market is expected to then grow to $ 2,594.36bn in 2026 at a CAGR of 9.1 %.
The Asia region , meanwhile , saw the largest truck transport market demand - accounting for 30.8 % of the total market in 2021 - followed by North America .
Going forward , the fastest-growing regions in the truck transport market will be the Middle East and Africa , where growth will be at a CAGR of 14.2 % and 11.7 % respectively . These will be followed by South America and Asia Pacific , which are expected to grow at a CAGR of 10.5 % and 9.5 % respectively .
Trucking platooning is gaining traction in the truck transport market , as it improves transit safety and efficiency . Truck platooning is the process of linking two or more trucks or a fleet of vehicles using connected and automotive technology in braking and acceleration while maintaining a pre-set distance between each other .
Under this process , the truck leading the fleet is generally a regular truck with a driver , followed by the automated or semi-automated ' platoon '. The technique provides various benefits , such as reduction in carbon emissions .
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