Domestic Freight Market Scope
Domestic freight movement means the transportation of goods or commodities in bulk or general by land or air. Land shipping includes freight transportation by road (trucks) which is the slower but most common mode used to move general cargo domestically. Rail is both a fast and green mode of transporting goods in bulk domestically. Airfreight transport is the fastest mode and the cost of shipping depends on the density and size of the package. In 2015 the United States transportation system moved a daily average of about 43.7 million tons of domestic freight valued at more than USD 41.03 billion, according to United States Department of Transportation, Bureau of Transportation Statistics and Federal Highway Administration.
According to AMA, the Global Domestic Freight market is expected to see growth rate of 3.9%The Manufacturers having a strong hold in the market are C.H. Robinson, DB Schenker, FedEx, and KUEHNE + NAGEL. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Domestic Freight market throughout the predicted period.
C.H. Robinson (United States), DB Schenker (Germany), FedEx (United States), KUEHNE + NAGEL (Switzerland), J.B. Hunt (United States), DSV (Denmark), UPS (United States), XPO Logistics (United States), Expeditors International of Washington, Inc. (United States), Hub Group, Inc. (United States) and Roadrunner Transportation Systems (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are DHL International GmbH (Germany), Swift Transportation Company (United States), CEVA Logistics (Switzerland), Hellmann (Germany) and Vitran Express (Canada).
Segmentation Overview
The study have segmented the market of Global Domestic Freight market by Type (Road, Rail, Air and Ocean), by Application (Bulk, General cargo and Other) and Region with country level break-up.
On the basis of geography, the market of Domestic Freight has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Focus toward Green Energy Solutions and Changes in Markets’ Domestic Commerce
Market Growth Drivers:
Expansion of population and economic activity within a geographic location is the key driving factor for the domestic freight market. and Consolidation of Logistics Market Leading to Operational Efficiency
Challenges:
Complexity of Modern Transport and Logistics, Speed and Travel Time Reliability and Operational Difficulties Due to Strict Government Regulations
Restraints:
Slower Speeds and Unreliable Travel Times Caused by Congestion, and Weather, Fluctuating Cost of Fuels owing to Economic Slowdown and Stringent Government Regulations on Vehicle Emissions
Opportunities:
Digitalization and Alternative Fuel and Logistics Solutions and High Investments in Software-Driven Process Changes
Market Leaders and their Expansionary Development Strategies
On September 24, 2017, DB Schenker acquires New Zealand partner SB Global Logistics. and On May 25, 2016, FedEx Corporation (FedEx) has acquired TNT Express N.V. (TNT Express) for the €4.4 billion to strengthen the company business and expand the existing FedEx portfolio and reshape the global transportation and logistics industry.
The United States Department of Transportation, Federal Highway Administration uses the International Roughness Index to measure the roughness of pavement. Also, The Federal Highway Administration uses Freight Performance Measurement Program data to measure truck speeds within 14 very large census metropolitan statistical areas.
Key Target Audience
Key Vendors and Service Providers, Government Organisation, Public and Private Industrial Bodies and Large Enterprises and SMEs
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.