Home > Automotive > Mobility > Commercial Vehicles > Flatbed Trucks Market

Flatbed Trucks Market Trends

Report ID: GMI9115
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

Flatbed Trucks Market Trends

The incorporation of technology into flatbed trucking businesses' operations have helped boost productivity, security, and client satisfaction. This involves keeping an eye on vehicle performance, streamlining routes, and updating clients in real-time using telematics, fleet management software, and GPS tracking devices.

Better tracking and monitoring of cargo during transit is made possible by developments in sensor technology and IoT (Internet of Things) devices. Weight monitoring systems are used by flatbed truck drivers to keep tabs on cargo conditions, guarantee even weight distribution, and stop overloading or shifting while in transit.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of flatbed trucks was reached USD 1.11 trillion in 2023 and is expected to register over 10% CAGR from 2024 to 2032, owing to growing focus of governments on infrastructure development and rising investments in construction worldwide.

Flatbed trucks industry from the industrial segment recorded 70% share in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to rising need for the transportation of heavy or irregularly shaped cargo.

Asia Pacific flatbed trucks industry held over 58% share in 2023 and is expected to register a commendable CAGR up to 2032, due to the region being a hub for manufacturing, with South Korea, China, Japan, and India at the forefront of the production.

Daimler AG (Mercedes-Benz), Dongfeng Motor Corporation, Ford Motor Company, Hino Motors, Ltd., Isuzu Motors, Navistar International Corporation, Paccar Inc., Tata Motors, Toyota Motor Corporation, and Volvo Group, are some of the major flatbed trucks companies worldwide.