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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.
Browse TOC and LoE with selected illustrations and example pages of Domestic Freight Market in US
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Freight type
Market Segmentation by Transportation mode
Customer landscape
Vendor Landscape
Vendor Analysis
Appendix
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