The domestic freight market size in US has the potential to grow by USD 170.10 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.71%.
This report provides a detailed analysis of the market by product (bulk freight and general freight), end-user (road, rail, and others), and key vendors.
Market Overview
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- C.H. Robinson Worldwide Inc.
- CEVA Logistics AG
- Deutsche Post DHL Group
- DSV Panalpina A/S
- FedEx Corp.
- J.B. Hunt Transport Services Inc.
- Kuehne + Nagel International AG
- Schenker AG
- United Parcel Service Inc.
- XPO Logistics Inc.
The domestic freight market in US is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the growing e-commerce market in the US to achieve growth opportunities. However, factors such as increasing freight costs will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the domestic freight market forecast in US report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This domestic freight market analysis in US report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
Domestic Freight Market in US: Key Drivers and Trends
Technavio’s analysts have identified the growing e-commerce market in the US as one of the key factors impelling the domestic freight market growth in the US in the forthcoming years. The growing e-commerce industry is expected to outpace the conventional retail system in the US during the next few years. This will encourage e-commerce companies to achieve a higher-order fulfillment rate with reduced errors and maximum efficiency. As a result, the demand for transport and freight logistics solutions including efficient delivery systems, inventory management, and freight forwarding is expected to proliferate during the forecasted period. Furthermore, as more and more companies are rapidly outsourcing supply chain operations to logistics service providers for attaining high order fulfillment rate, the demand for the domestic freight market in the US is expected to rise considerably during the predicted period.
“Revenue generation of the e-commerce industry largely depends on the supply side of the supply chain. With the expected expansion of the retail e-commerce market in the US, the demand for logistics services will augment. By 2022, the e-commerce retails sales share will be 16%-17% of the total retail sales in the US.”, says a senior research analyst at Technavio for the transportation and distribution industry. Grab your Free Sample now to unlock further information on other key market drivers.
Domestic Freight Market in US: Segmentation by Freight Type
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Bulk freight comprises oil, coal, grain, ore, and other bulk commodities. The rise in offshore crude oil E&P compelled producers to identify alternative transportation means to manage storage and falling prices of oil. In 2019, seven new offshore E&P projects were initiated by oil and natural gas producers in US-controlled waters in the Gulf of Mexico, which resulted in an increase in crude oil production by 126,000 b/d. As a result, the use of railroad as a transportation medium has increased. Therefore, the growth of the domestic freight market share in US has been significant so far.
However, the post COVID-19 impact has brought forth a slowdown in the bulk freight segment growth. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the domestic freight market size in US.
Domestic Freight Market in US: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive domestic freight market growth in US during the next five years
- Precise estimation of the domestic freight market size in US and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the domestic freight industry in US
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of domestic freight market vendors in US
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