Global market valuation was derived through revenue mapping and freight ton-mile/volume analysis. The methodology included:
Identification of 60+ key trucking carriers and fleet operators across North America, Europe, Asia-Pacific, and Latin America
Service mapping across dedicated contract carriage, for-hire carrier, private fleet, and intermodal transportation segments
Vehicle type mapping across light commercial vehicles (LCV), medium commercial vehicles (MCV), and heavy commercial vehicles (HCV) categories
Fuel type analysis covering diesel, natural gas, electric, and hybrid technologies
Analysis of reported and modeled annual revenues specific to freight trucking operations and carrier portfolios
Coverage of operators and OEMs representing 75-80% of global market share in 2024
Tonnage and shipment volume verification through government freight databases and carrier-manifest data
Extrapolation using bottom-up (freight volume × average rate per mile by country/region) and top-down (carrier revenue validation) approaches to derive segment-specific valuations for industrial & manufacturing, oil & gas, construction & mining, chemicals & agri-products, and food & beverages end-use applications