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Global Freight Trucking Market to Reach $2.7 Trillion by 2026

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New York, June 02, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Freight Trucking Industry” – https://www.reportlinker.com/p05960941/?utm_source=GNW
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Global Freight Trucking Market to Reach $2.7 Trillion by 2026

Global freight transport is a key component of trade of goods and materials and comprises a complex system of transportation networks, companies, and government agencies that facilitate movement of goods from one place to another. Today, the global freight industry transports trillions of dollars` worth of goods annually to every corner of the globe Trucks are ubiquitous in the freight ecosystem given that virtually every parcel or container irrespective of the place of origin will take a trip on a freight truck before it reaches its destination. Land freight especially freight trucking comes with a baggage of advantages such as cost-effectiveness that comes with low packing needs and fuel costs; versatility and flexibility as trucks come in varied sizes capable of handling short or long hauls, local or across borders and even rural transport; preparedness as only single customs document processes are needed for most road transport making cross-border transport of goods relatively seamless; predictability in terms of scheduled delivery, easily tracking and tracing cargo; convenience of point to point and door-to-door service; universal access given the extensive road networks developed over the century in virtually every part of the globe.

Amid the COVID-19 crisis, the global market for Freight Trucking estimated at US$2.1 Trillion in the year 2020, is projected to reach a revised size of US$2.7 Trillion by 2026, growing at a CAGR of 4.7% over the analysis period. Truck Trailer, one of the segments analyzed in the report, is projected to grow at a 4.7% CAGR to reach US$894.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lorry Tank segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 23% share of the global Freight Trucking market.

The U.S. Market is Estimated at $514.7 Billion in 2021, While China is Forecast to Reach $586.8 Billion by 2026

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The Freight Trucking market in the U.S. is estimated at US$514.7 Billion in the year 2021. The country currently accounts for a 24.07% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$586.8 Billion in the year 2026 trailing a CAGR of 6.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR while Rest of European market (as defined in the study) will reach US$626.4 Billion by the end of the analysis period. Growth in domestic trade and retailing, Investments directed towards the creation of new road infrastructure, and growing demand for urban last mile delivery are some of the primary factors propelling market growth in developed regions. In the United States, on-road shipping by truck accounts for over 2/3rd of all domestic shipping in the country. Developing countries have increased substantially their exports of manufactured goods and services to developed economies. Trade between developing countries is also growing rapidly with over 48% of exports of leading export oriented economies now going to other developing countries. Last mile delivery has also witnessed a notable growth in developing countries over the last few years. This in turn increases demand for freight trucking in developing regions.

Flatbed Truck Segment to Reach $572.2 Billion by 2026

In the global Flatbed Truck segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$277 Billion in the year 2020 will reach a projected size of US$384.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$114.9 Billion by the year 2026, while Latin America will expand at a 6.1% CAGR through the analysis period.
Select Competitors (Total 244 Featured) –

  • A.P. Møller – Mærsk A/S
  • Canadian National Railway Company
  • CEVA Logistics
  • CMA CGM S.A.
  • DB SCHENKER
  • DHL International GmbH
  • Estes Express Lines
  • FedEx Corporation
  • JB Hunt Transport Services Inc.
  • Knight-Swift Transportation Holdings Inc.
  • Kuehne + Nagel International AG
  • Nippon Express Co., Ltd.
  • Procet Freight cc
  • R+L Carriers, Inc.
  • Saia
  • GEODIS
  • Swift Transportation Company
  • Transtech Logistics
  • United Parcel Service of America, Inc.
  • Werner Enterprises, Inc.
  • XPO Logistics Inc.
  • YRC Worldwide Inc.

Read the full report: https://www.reportlinker.com/p05960941/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

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1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Freight Trucking – Global Key Competitors Percentage Market
Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
Global Trade & Retail: The Foundation for Growth in the Freight
Trucking Industry
Trade & Transport Logistics Are Mutually Reinforcing: Global
Value of Export Trade (In US$ Billion) for the Years
Year 2020 Has Been a Year of Astounding Disruption &
Unbelievable Transformation
COVID-19 Leaves the World in Shambles & Industries and Markets
Upended: World Economic Growth Projections (Real GDP, Annual %
Change) for 2019 to 2022
Unemployment Spike in 2020 Challenges Growth in Industries
Reliant on Consumer Discretionary Incomes: Global Number of
Unemployed People (In Million) for Years 2017, 2019, 2020,
and 2022
The First Vaccines Are Here! Will It Change the Existing
Economic Realities? & Is it Really the Silver Bullet We Were
Waiting For?
How Fast the World is Vaccinated Will Determine How Soon the
Pandemic Will End: COVID-19 Vaccines In Millions of Annual
Doses For Years 2020 Through 2025
How Trade, Transport & Retail Industries Are Impacted by the
Pandemic & What’s the New Normal?
Transportation Industry Bites the Dust
Global Trade Plummets Impacting Freight & Logistics: Global
Trade Exports & Imports Volume Growth (in %) by Region for
2018-2020
Retailing & Merchandizing, the Key Drivers of Urban Logistics,
Slumps
Special Focus on Departmental Stores
Global Department Stores Market Reset & Trajectory – Growth
Outlook (In %) For Years 2019 Through 2025
An Uncertain Recovery in Global Trade Means the Pain of the
Pandemic Will Continue to Linger On for the Freight Transport
Industry
Global Merchandize Trade (In US$ Trillion) for Years 2019 to 2022
Recent Market Activity
Innovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Moving Beyond COVID-19, How Will Global Supply Chains Looks
Like? The Answer Every Stakeholder in Supply Chain Logistics
Should Know
As Companies Come to Terms With the Depth of their
Dependencies, Globalization Will Reduce to Regionalization
Supply Chain 24/7 Visibility, the New Normal
Why the Need to Modify The Pharmaceutical Supply Chain Is So
Great?
Rethinking Scale & Mix Will See the Rise of Parallel Supply Chains
Making Data Talk: Digitization Will be the Key to Building
Stronger, Smarter Supply Chains
Focus on Road Infrastructure Development Post Pandemic to
Ensure Sustained Growth in the Freight Trucking Industry
Year 2020, a Year of Hiatus for Road Development Projects
A Quick Rebound in 2021 is Supported by the Fact that Roads
Play a Crucial Role in Enabling Seamless Movement of Goods
Vital to Economic Recovery & Growth
Growing Need to Bridge Infrastructure Gap Which is the Highest
for Roadways Promises to Expand Budget Outlays for Highways
and Transport Development : Global Cumulative Investments in
Roadways Vs Actual Need for the Period 2016-2040 (In US$
Trillion)
Cumulative Global Infrastructure Spending Gap 2018-2040 (In US$
Billion)
Continuous Development of World’s Highways to Expand Market
Opportunities for the Trucking Industry: Length of Road
Networks (In 000 Kilometers) in Top 15 Countries Worldwide
for the Year 2020
Demand for Refrigerated Trucks Grows in Parallel to the Focus
Shed on Safe Transport of Perishable Temperature Sensitive
Food Products & Produce
Innovations in Refrigeration Systems for Transport Vehicles
Gains Prominence
Growing Demand for Frozen Foods Bodes Well for Refrigerated
Road Transport Vehicle Demand & Trucking Services: Global
Opportunity for Frozen Foods by Type (In US$ Billion) for
Years 2020, 2022, 2024, 2026
Sales of Refrigerated Vehicles (In Units) In the United States
by Type for the Year 2021E
In-Country Vaccine Transport Needs to Benefit Demand for
Refrigerated Trucks & Trucking Services
Fleet Telematics Brings in Performance Improvements in the
Trucking Industry
Cost Pressures in the Logistics Industry Spurs Market
Opportunities for CV Telematics in Fleet Management
Trucking Service Providers Step Up Spending on Telematics:
Global Spending on Commercial Vehicle Telematics (In US$
Million)
Rise of e-Commerce Comes as a Boon For Urban Logistics & the
Trucking Industry in Particular
Global e-Commerce Market Reset & Trajectory – Growth Outlook:
(In %) For Years 2019 Through 2025
Growing Focus on Enhancing Effectiveness of Last Mile Delivery
Spurs Demand for Mini Electric Trucks
Business-to-Customer (B2C) e-Commerce Pushes Last Mile Delivery
Into a Multi-Billion Dollar Market: Global Last Mile Delivery
Market (In US$ Billion) for Years 2020, 2022 and 2025
Hybrid Truck-Drone Model for Last-Mile Delivery
Autonomous Trucking: A Revolution in Making in the Trucking
Industry
Digitalization of Logistics Gains Fervor Amid the Pandemic
Growing Number of Service Providers Leverage Data and Analytics
for Smart Transportation
The Push to Digitalize Gets Stronger: Global Digital Logistics
Market Opportunity (In US$ Billion) for Years 2020, 2022, 2024 &
2027
3PLs Step Up Investments in Freight Management Systems. Here’s Why
Global Opportunity in Freight Management Systems Market (In US$
Million) for Years 2020, 2022 and 2024 and 2027
Big Data Analytics Gains in Importance in Freight Management
Systems
The Move Towards Digitalization Accelerates Adoption of New
Technologies & Presents New Opportunities for Growth
Here’s How IoT Will Deliver Revolution to the Trucking Industry
Rise of Blockchain in Trucking: A Review
Artificial Intelligence (AI) Makes Inroads in the Trucking
Industry
Global Opportunity for Artificial Intelligence (AI) in
Logistics and Supply Chain (In US$ Billion) for Years 2020,
2022, 2024, 2025 and 2027
New On-Demand Trucking Apps Take Center Stage

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for Truck
Trailer by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Truck Trailer by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

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Table 3: World 15-Year Perspective for Truck Trailer by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 4: World Recent Past, Current & Future Analysis for Lorry
Tank by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 5: World Historic Review for Lorry Tank by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

Table 6: World 15-Year Perspective for Lorry Tank by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 7: World Recent Past, Current & Future Analysis for
Flatbed Truck by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

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Table 8: World Historic Review for Flatbed Truck by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

Table 9: World 15-Year Perspective for Flatbed Truck by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 10: World Recent Past, Current & Future Analysis for
Refrigerated Truck by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 11: World Historic Review for Refrigerated Truck by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 12: World 15-Year Perspective for Refrigerated Truck by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

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Table 13: World Recent Past, Current & Future Analysis for
Other Truck Types by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 14: World Historic Review for Other Truck Types by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 15: World 15-Year Perspective for Other Truck Types by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 16: World Recent Past, Current & Future Analysis for
Heavy Trucks by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 17: World Historic Review for Heavy Trucks by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

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Table 18: World 15-Year Perspective for Heavy Trucks by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 19: World Recent Past, Current & Future Analysis for
Medium Trucks by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 20: World Historic Review for Medium Trucks by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

Table 21: World 15-Year Perspective for Medium Trucks by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 22: World Recent Past, Current & Future Analysis for
Light Trucks by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

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Table 23: World Historic Review for Light Trucks by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

Table 24: World 15-Year Perspective for Light Trucks by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 25: World Recent Past, Current & Future Analysis for Dry
Bulk Goods by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 26: World Historic Review for Dry Bulk Goods by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 27: World 15-Year Perspective for Dry Bulk Goods by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

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Table 28: World Recent Past, Current & Future Analysis for Oil &
Diesel by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 29: World Historic Review for Oil & Diesel by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

Table 30: World 15-Year Perspective for Oil & Diesel by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 31: World Recent Past, Current & Future Analysis for
Postal by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 32: World Historic Review for Postal by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

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Table 33: World 15-Year Perspective for Postal by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 34: World Recent Past, Current & Future Analysis for
Other Cargo Types by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 35: World Historic Review for Other Cargo Types by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 36: World 15-Year Perspective for Other Cargo Types by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 37: World Recent Past, Current & Future Analysis for
Freight Trucking by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

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Table 38: World Historic Review for Freight Trucking by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 39: World 15-Year Perspective for Freight Trucking by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Freight Trucking Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in the United States for 2022 (E)
Table 40: USA Recent Past, Current & Future Analysis for
Freight Trucking by Truck Type – Truck Trailer, Lorry Tank,
Flatbed Truck, Refrigerated Truck and Other Truck Types –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 41: USA Historic Review for Freight Trucking by Truck
Type – Truck Trailer, Lorry Tank, Flatbed Truck, Refrigerated
Truck and Other Truck Types Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

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Table 42: USA 15-Year Perspective for Freight Trucking by Truck
Type – Percentage Breakdown of Value Revenues for Truck
Trailer, Lorry Tank, Flatbed Truck, Refrigerated Truck and
Other Truck Types for the Years 2012, 2021 & 2027

Table 43: USA Recent Past, Current & Future Analysis for
Freight Trucking by Size – Heavy Trucks, Medium Trucks and
Light Trucks – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 44: USA Historic Review for Freight Trucking by Size –
Heavy Trucks, Medium Trucks and Light Trucks Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 45: USA 15-Year Perspective for Freight Trucking by Size –
Percentage Breakdown of Value Revenues for Heavy Trucks,
Medium Trucks and Light Trucks for the Years 2012, 2021 & 2027

Table 46: USA Recent Past, Current & Future Analysis for
Freight Trucking by Cargo Type – Dry Bulk Goods, Oil & Diesel,
Postal and Other Cargo Types – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

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Table 47: USA Historic Review for Freight Trucking by Cargo
Type – Dry Bulk Goods, Oil & Diesel, Postal and Other Cargo
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2012 through 2019 and % CAGR

Table 48: USA 15-Year Perspective for Freight Trucking by Cargo
Type – Percentage Breakdown of Value Revenues for Dry Bulk
Goods, Oil & Diesel, Postal and Other Cargo Types for the Years
2012, 2021 & 2027

CANADA
Table 49: Canada Recent Past, Current & Future Analysis for
Freight Trucking by Truck Type – Truck Trailer, Lorry Tank,
Flatbed Truck, Refrigerated Truck and Other Truck Types –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 50: Canada Historic Review for Freight Trucking by Truck
Type – Truck Trailer, Lorry Tank, Flatbed Truck, Refrigerated
Truck and Other Truck Types Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

Table 51: Canada 15-Year Perspective for Freight Trucking by
Truck Type – Percentage Breakdown of Value Revenues for Truck
Trailer, Lorry Tank, Flatbed Truck, Refrigerated Truck and
Other Truck Types for the Years 2012, 2021 & 2027

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Table 52: Canada Recent Past, Current & Future Analysis for
Freight Trucking by Size – Heavy Trucks, Medium Trucks and
Light Trucks – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 53: Canada Historic Review for Freight Trucking by Size –
Heavy Trucks, Medium Trucks and Light Trucks Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 54: Canada 15-Year Perspective for Freight Trucking by
Size – Percentage Breakdown of Value Revenues for Heavy Trucks,
Medium Trucks and Light Trucks for the Years 2012, 2021 & 2027

Table 55: Canada Recent Past, Current & Future Analysis for
Freight Trucking by Cargo Type – Dry Bulk Goods, Oil & Diesel,
Postal and Other Cargo Types – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 56: Canada Historic Review for Freight Trucking by Cargo
Type – Dry Bulk Goods, Oil & Diesel, Postal and Other Cargo
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2012 through 2019 and % CAGR

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Table 57: Canada 15-Year Perspective for Freight Trucking by
Cargo Type – Percentage Breakdown of Value Revenues for Dry
Bulk Goods, Oil & Diesel, Postal and Other Cargo Types for the
Years 2012, 2021 & 2027

JAPAN
Freight Trucking Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Japan for 2022 (E)
Table 58: Japan Recent Past, Current & Future Analysis for
Freight Trucking by Truck Type – Truck Trailer, Lorry Tank,
Flatbed Truck, Refrigerated Truck and Other Truck Types –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 59: Japan Historic Review for Freight Trucking by Truck
Type – Truck Trailer, Lorry Tank, Flatbed Truck, Refrigerated
Truck and Other Truck Types Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

Table 60: Japan 15-Year Perspective for Freight Trucking by
Truck Type – Percentage Breakdown of Value Revenues for Truck
Trailer, Lorry Tank, Flatbed Truck, Refrigerated Truck and
Other Truck Types for the Years 2012, 2021 & 2027

Table 61: Japan Recent Past, Current & Future Analysis for
Freight Trucking by Size – Heavy Trucks, Medium Trucks and
Light Trucks – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

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Table 62: Japan Historic Review for Freight Trucking by Size –
Heavy Trucks, Medium Trucks and Light Trucks Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 63: Japan 15-Year Perspective for Freight Trucking by
Size – Percentage Breakdown of Value Revenues for Heavy Trucks,
Medium Trucks and Light Trucks for the Years 2012, 2021 & 2027

Table 64: Japan Recent Past, Current & Future Analysis for
Freight Trucking by Cargo Type – Dry Bulk Goods, Oil & Diesel,
Postal and Other Cargo Types – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 65: Japan Historic Review for Freight Trucking by Cargo
Type – Dry Bulk Goods, Oil & Diesel, Postal and Other Cargo
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2012 through 2019 and % CAGR

Table 66: Japan 15-Year Perspective for Freight Trucking by
Cargo Type – Percentage Breakdown of Value Revenues for Dry
Bulk Goods, Oil & Diesel, Postal and Other Cargo Types for the
Years 2012, 2021 & 2027

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CHINA
Freight Trucking Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in China for 2022 (E)
Table 67: China Recent Past, Current & Future Analysis for
Freight Trucking by Truck Type – Truck Trailer, Lorry Tank,
Flatbed Truck, Refrigerated Truck and Other Truck Types –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 68: China Historic Review for Freight Trucking by Truck
Type – Truck Trailer, Lorry Tank, Flatbed Truck, Refrigerated
Truck and Other Truck Types Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

Table 69: China 15-Year Perspective for Freight Trucking by
Truck Type – Percentage Breakdown of Value Revenues for Truck
Trailer, Lorry Tank, Flatbed Truck, Refrigerated Truck and
Other Truck Types for the Years 2012, 2021 & 2027

Table 70: China Recent Past, Current & Future Analysis for
Freight Trucking by Size – Heavy Trucks, Medium Trucks and
Light Trucks – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 71: China Historic Review for Freight Trucking by Size –
Heavy Trucks, Medium Trucks and Light Trucks Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

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Table 72: China 15-Year Perspective for Freight Trucking by
Size – Percentage Breakdown of Value Revenues for Heavy Trucks,
Medium Trucks and Light Trucks for the Years 2012, 2021 & 2027

Table 73: China Recent Past, Current & Future Analysis for
Freight Trucking by Cargo Type – Dry Bulk Goods, Oil & Diesel,
Postal and Other Cargo Types – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 74: China Historic Review for Freight Trucking by Cargo
Type – Dry Bulk Goods, Oil & Diesel, Postal and Other Cargo
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2012 through 2019 and % CAGR

Table 75: China 15-Year Perspective for Freight Trucking by
Cargo Type – Percentage Breakdown of Value Revenues for Dry
Bulk Goods, Oil & Diesel, Postal and Other Cargo Types for the
Years 2012, 2021 & 2027

EUROPE
Freight Trucking Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Europe for 2022 (E)
Table 76: Europe Recent Past, Current & Future Analysis for
Freight Trucking by Truck Type – Truck Trailer, Lorry Tank,
Flatbed Truck, Refrigerated Truck and Other Truck Types –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

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Table 77: Europe Historic Review for Freight Trucking by Truck
Type – Truck Trailer, Lorry Tank, Flatbed Truck, Refrigerated
Truck and Other Truck Types Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

Table 78: Europe 15-Year Perspective for Freight Trucking by
Truck Type – Percentage Breakdown of Value Revenues for Truck
Trailer, Lorry Tank, Flatbed Truck, Refrigerated Truck and
Other Truck Types for the Years 2012, 2021 & 2027

Table 79: Europe Recent Past, Current & Future Analysis for
Freight Trucking by Size – Heavy Trucks, Medium Trucks and
Light Trucks – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 80: Europe Historic Review for Freight Trucking by Size –
Heavy Trucks, Medium Trucks and Light Trucks Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 81: Europe 15-Year Perspective for Freight Trucking by
Size – Percentage Breakdown of Value Revenues for Heavy Trucks,
Medium Trucks and Light Trucks for the Years 2012, 2021 & 2027

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Table 82: Europe Recent Past, Current & Future Analysis for
Freight Trucking by Cargo Type – Dry Bulk Goods, Oil & Diesel,
Postal and Other Cargo Types – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 83: Europe Historic Review for Freight Trucking by Cargo
Type – Dry Bulk Goods, Oil & Diesel, Postal and Other Cargo
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2012 through 2019 and % CAGR

Table 84: Europe 15-Year Perspective for Freight Trucking by
Cargo Type – Percentage Breakdown of Value Revenues for Dry
Bulk Goods, Oil & Diesel, Postal and Other Cargo Types for the
Years 2012, 2021 & 2027

Table 85: Europe Recent Past, Current & Future Analysis for
Freight Trucking by Geographic Region – France, Germany, Italy,
UK, Spain, Russia and Rest of Europe Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR

Table 86: Europe Historic Review for Freight Trucking by
Geographic Region – France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2012 through 2019 and % CAGR

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Table 87: Europe 15-Year Perspective for Freight Trucking by
Geographic Region – Percentage Breakdown of Value Revenues for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2012, 2021 & 2027

FRANCE
Freight Trucking Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in France for 2022 (E)
Table 88: France Recent Past, Current & Future Analysis for
Freight Trucking by Truck Type – Truck Trailer, Lorry Tank,
Flatbed Truck, Refrigerated Truck and Other Truck Types –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 89: France Historic Review for Freight Trucking by Truck
Type – Truck Trailer, Lorry Tank, Flatbed Truck, Refrigerated
Truck and Other Truck Types Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

Table 90: France 15-Year Perspective for Freight Trucking by
Truck Type – Percentage Breakdown of Value Revenues for Truck
Trailer, Lorry Tank, Flatbed Truck, Refrigerated Truck and
Other Truck Types for the Years 2012, 2021 & 2027

Table 91: France Recent Past, Current & Future Analysis for
Freight Trucking by Size – Heavy Trucks, Medium Trucks and
Light Trucks – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

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Table 92: France Historic Review for Freight Trucking by Size –
Heavy Trucks, Medium Trucks and Light Trucks Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 93: France 15-Year Perspective for Freight Trucking by
Size – Percentage Breakdown of Value Revenues for Heavy Trucks,
Medium Trucks and Light Trucks for the Years 2012, 2021 & 2027

Table 94: France Recent Past, Current & Future Analysis for
Freight Trucking by Cargo Type – Dry Bulk Goods, Oil & Diesel,
Postal and Other Cargo Types – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 95: France Historic Review for Freight Trucking by Cargo
Type – Dry Bulk Goods, Oil & Diesel, Postal and Other Cargo
Types Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2012 through 2019 and % CAGR

Table 96: France 15-Year Perspective for Freight Trucking by
Cargo Type – Percentage Breakdown of Value Revenues for Dry
Bulk Goods, Oil & Diesel, Postal and Other Cargo Types for the
Years 2012, 2021 & 2027

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GERMANY
Freight Trucking Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Germany for 2022 (E)
Table 97: Germany Recent Past, Current & Future Analysis for
Freight Trucking by Truck Type – Truck Trailer, Lorry Tank,
Flatbed Truck, Refrigerated Truck and Other Truck Types –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 98: Germany Historic Review for Freight Trucking by Truck
Type – Truck Trailer, Lorry Tank, Flatbed Truck, Refrigerated
Truck and Other Truck Types Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019
and % CAGR

Table 99: Germany 15-Year Perspective for Freight Trucking by
Truck Type – Percentage Breakdown of Value Revenues for Truck
Trailer, Lorry Tank, Flatbed Truck, Refrigerated Truck and
Other Truck Types for the Years 2012, 2021 & 2027

Table 100: Germany Recent Past, Current & Future Analysis for
Freight Trucking by Size – Heavy Trucks, Medium Trucks and
Light Trucks – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 101: Germany Historic Review for Freight Trucking by Size –
Heavy Trucks, Medium Trucks and Light Trucks Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

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Table 102: Germany 15-Year Perspective for Freight Trucking by
Size – Percentage Breakdown of Value Revenues for Heavy Trucks,
Medium Trucks and Light Trucks for the Years 2012, 2021 & 2027

Table 103: Germany Recent Past, Current & Future Analysis for
Freight Trucking by Cargo Type – Dry Bulk Goods, Oil & Diesel,

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Artificial Intelligence

Aero Design Labs receives U.S. and EASA approval for updated Boeing 737-800 drag reduction kit

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FORT WORTH, Texas, Sept. 30, 2024 /PRNewswire/ — Aero Design Labs (ADL) today announced it has received a Supplementary Type Certificate (STC) from the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) approval for its enhanced Boeing 737-800 drag reduction kit 2.0.

“We are delighted to introduce our next generation of the drag reduction kit, which we are referring to as ‘ADL Kit 2.0′,” said Jeff Martin, ADL President and CEO. “The ADL team has once again demonstrated its expertise and commitment to aviation carbon reduction through its continued improvement process. ADL’s next generation Kit 2.0 is an evolution from our original designs, meeting the stringent requirements based on valuable feedback from our launch partners. With our new EASA approval, we can now offer our carbon reduction kits to new EU airline customers.”
The ADL Kit 2.0 captures new benefits, and significantly reduces the installation time, delivering reduced out-of-service time for the conversion while generating meaningful fuel savings and reduced carbon emissions across the popular Boeing 737-800 variant. Based on feedback from airline partners, it is anticipated that a kit can be installed overnight, minimizing critical out-of-service time for the airlines.
“Having served as an airline operational executive, I understand the need for airlines to reduce their carbon footprint, save fuel and minimize aircraft out-of-service time for the modification,” said David Campbell, ADL Chief Operating Officer. “ADL Kit 2.0 offers better economics and a shorter payback period, assisting airlines with fuel savings and carbon reduction including their IATA CORSIA carbon reduction pledges.”
“On behalf of the team at ADL, we thank ALOFT AeroArchitects, NORDAM, AAR Corp, and the many airline partners who have assisted us on this journey”, concluded Jeff Martin. “Their feedback and contributions to our engineering efforts and joint commitments to reducing aviation carbon emissions are invaluable.”
About Aero Design Labs L.L.C.
Founded in 2015, Aero Design Labs (ADL) leads the way in the research, development and installation of drag reduction systems for airline fleets globally. ADL modifications to airlines’ existing fleets can result in fuel savings, extend fleet longevity and the potential for billions of pounds of CO2 to be prevented from entering the atmosphere. 
Media inquiries: Richard Bartrem [email protected]
Sales inquiries: David Campbell [email protected]
Logo – https://mma.prnewswire.com/media/2519564/Aero_Design_Labs_Logo_Logo.jpg 

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Artificial Intelligence

DocPro Limited Announces the Launch of DocLegal.ai

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Affordable AI-Powered Legal Solutions
HONG KONG, Sept. 30, 2024 /PRNewswire/ — DocPro Limited, a leading innovator in legal technology, has launched DocLegal.ai, a new platform designed to provide AI-powered legal assistance at an unbeatable price—less than the price of your daily coffee.

DocLegal.ai is a platform that consolidates legal document creation, editing, and review into a single interface. The platform offers the following features:
Custom Document Creation: Users can describe their scenario and receive a tailored legal document.Document Review and Editing: The AI assistant can edit, review, summarize documents, suggest clauses, and highlight potential risks.The platform is designed to provide affordable legal services to small businesses and individuals. It also aims to streamline workflows and automate routine tasks for legal professionals, enabling them to focus on high-value activities.
DocPro Limited has leveraged its experience with DocPro.com, which serves over 50,000 users globally, to develop DocLegal.ai. The company is a graduate of the Cyberport Incubation Program and is currently part of the HKSTP Incubation Program and Google for Startups Cloud Program.
As part of its soft launch, DocLegal.ai is offering exclusive access to the first 500 users for only $2.50  per document. Interested parties can Visit the DocLegal.ai website to sign up.
About DocPro Limited
Founded in 2020, DocPro Limited is a leader in the legal tech space, committed to enhancing the delivery of legal services through innovative AI-powered solutions. With platforms like DocPro.com and DocLegal.ai, DocPro empowers users to create and manage legal documents with unparalleled efficiency and precision. For more information, visit DocLegal.ai.
DocLegal.ai is poised to become an indispensable tool for anyone seeking reliable, efficient, and affordable legal documentation, reinforcing DocPro’s position as a pioneer in legal technology.
Media Enquiries: 
Kim [email protected]

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Artificial Intelligence

Amagi and Phenix Partner to Bring Next-Gen Low Latency and Seamless Ad Insertion for the Ultimate Viewer Experience

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Bitmovin Complements the Partnership With Its New Player Web X, Guaranteeing Seamless, Crystal-Clear Video Playback
NEW YORK, Sept. 30, 2024 /PRNewswire/ — Amagi, a global leader in cloud-based SaaS technology for broadcast and connected TV (CTV), today announced a partnership with Phenix Real Time Solutions to deliver next-generation FAST (free ad-supported streaming TV) and live events with the lowest latency available in the streaming marketplace. Amagi and Phenix will provide a complete turnkey solution for content owners to achieve real-time streaming with subsecond latency and server-side ad insertion (SSAI). By combining automation, scheduling, real-time streaming, and ad monetization, streaming customers can now deliver a “see it here first” experience, eliminate spoilers from social media, and provide a best-in-class viewing experience for their audiences.

Bitmovin adds a unique element to the mix by ensuring effortless, smooth playback on any browser, regardless of the device. Bitmovin’s open-source plugin system makes integration easy and provides the tools to maintain high-quality playback. The latest update also includes compatibility with Phenix Real-Time SSAI, combining flawless playback with real-time ad insertion.
The direct integration with Phenix now enables Amagi to output content from its Amagi CLOUDPORT automated scheduling and playout system into Phenix’s globally distributed real-time streaming network of over 34 points of presence for real-time delivery to viewers with subsecond latency. Further integration between Amagi’s Ad Tech platform and Phenix’s real-time SSAI capabilities facilitates dynamic and personalized ads while maintaining real-time playback and full compatibility with Bitmovin.
Bill Wishon, Phenix’s Chief Product Officer, stated, “Amagi has established itself as the foremost authority on FAST channel delivery. As a cloud-first company, Amagi has built itself into a pioneer in cloud technology for broadcasting and OTT. We are thrilled to join forces with them in delivering these innovative solutions.”
“Working with Phenix, the leader in real-time, scalable streaming delivery, allows Amagi to offer clients a full solution, including the industry’s first server-side ad insertion in real time. We can’t wait to see how customers deploy these workflows for next-generation OTT streaming,” said Richard Perkett, Chief Product Officer at Amagi.
Amagi provides a complete suite of channel creation, distribution, and monetization solutions. The company’s clients include some of the world’s biggest names, including A+E Networks UK, ABS-CBN, Astro, Cox Media Group, DAZN, Globo, Lionsgate Studio, NBCUniversal, Tastemade, and VIZIO.
Representatives from all the companies will be attending Amagi’s LA FAST 2024 conference on Oct. 1. More information is available at www.amagi.com/events/la-fast.
About Amagi
Amagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and over 5,000+ channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, Toronto, Mexico City, London, Paris, Sydney, Seoul, and Singapore, broadcast operations in New Delhi, and innovation centers in Bengaluru, Zagreb, and Łódź.
About Phenix
As the leader in delivering interactive video at scale, Phenix powers innovative digital experiences that drive acquisition, engagement and retention for some of the world’s biggest brands. Its patented technology is essential for delivering content in real-time that engages audiences with interactive experiences and generates revenue for sportsbooks, sports and gaming properties as well as broadcasters with real-time video streaming to global audiences at broadcast scale. Trusted with streaming video for world-class events like The Oscars, Cheltenham Festival and the Super Bowl, Phenix brings proven experience delivering video to mass audiences for the world’s largest events.
Phenix is headquartered in Chicago, Illinois, with offices in California and Europe. More information is available on the Phenix website or follow them on Twitter and LinkedIn.
About Bitmovin
Bitmovin is the leading provider of video infrastructure for global digital media companies and service providers. The company has been at the forefront of industry innovation and all major developments in the digital video streaming industry. 
Bitmovin built the world’s first commercial adaptive streaming player and deployed the first software-defined encoding service that runs on any cloud platform. Its cloud-native technology offers the most flexible and scalable media encoding, playback, and analytics solutions available with unparalleled device reach, ease of integration, and world-class customer support.
Bitmovin customers benefit from optimized operations, reduced time-to-market, and the best viewer experience possible. Bitmovin is headquartered in Denver, Colorado, and has major offices in Vienna, Klagenfurt, Austria as well as London and Berlin. The company has over 400 customers across the globe, including ClassPass, BBC, fuboTV, Hulu, and Discovery.
More information is available at www.bitmovin.com
Photo: https://mma.prnewswire.com/media/2519499/Amagi_and_Phenix_partner.jpg
 

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