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On-demand Trucking Market Share

Report ID: GMI11950
Published Date: Oct 2024
Report Format: PDF

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On-demand Trucking Company Market Share

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C.H. Robinson, Convoy, and DHL Supply Chain collectively held a substantial market share of over 12% in the on-demand trucking industry in 2023. C.H. Robinson utilizes its digital platform, Navisphere, to offer real-time visibility and seamless truckload booking for shippers. The company focuses on automation and AI-driven technology to optimize freight matching, enhance operational efficiency, and reduce costs. Additionally, C.H. Robinson aims to expand its global presence by integrating its logistics solutions with advanced supply chain management services.

Convoy employs technology to optimize trucking logistics, providing an app-based platform that automates freight matching for shippers and carriers. Their strategy emphasizes sustainability through "carbon-efficient" routes, reducing empty miles, and increasing fuel efficiency. Convoy also prioritizes real-time shipment tracking, flexible pricing models, and a commitment to transparent, data-driven solutions for improved operational efficiency.

DHL Supply Chain leverages its global logistics network to deliver on-demand trucking services through scalable digital solutions. Their strategy centers on integrating IoT, AI, and predictive analytics for real-time fleet management and route optimization. DHL also prioritizes sustainability by incorporating electric vehicles and reducing carbon emissions in its transportation operations, aiming to meet evolving customer demands for flexibility and green logistics.

On-demand Trucking Market Companies

Major players operating in the on-demand trucking industry are:

C.H. Robinson
Convoy
DHL Supply Chain
Flexport
Flock Freight
J.B. Hunt Transport
Loadsmart
Schneider National
Uber Freight
XPO Logistics

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of on-demand trucking reached USD 7.1 billion in 2023 and is set to grow at a 15.7% CAGR from 2024 to 2032, driven by the global expansion of e-commerce platforms.

The light-duty trucks segment accounted for over 40% of the market share in 2023, led by their versatility and crucial role in urban logistics, especially for last-mile deliveries.

The mobile apps segment held around 68% of the market share in 2023, due to their convenience, real-time connectivity, and widespread smartphone usage.

The North America market accounted for 35% of the revenue share in 2023 and is expected to exceed USD 10 billion by 2032, propelled by advancements in digital freight platforms and a booming e-commerce sector.

Major players in the industry include C.H. Robinson, Convoy, DHL Supply Chain, Flexport, Flock Freight, J.B. Hunt Transport, Loadsmart, Schneider National, Uber Freight, and XPO Logistics.