What is Surface Transportation?
Surface transportation is the type of transportation which only done via roads and surface of the earth . All major means which come along with are under surface transportation. In past years the transportation of goods and the raw material is done through the bullock carts, horses and donkeys as the development occurred the means changed to heavy trucks, load carriers, and railways. In simple words the movement of people or goods by road, train, or ship, rather than by plane or any other means of transportation. The air transportation is expensive compare to surface transportation therefore surface transportation is preferred over all other means.
The market study is broken down by Type (Mass Transit, Freight Rail, Highway Motor Carrier and Pipeline), by Application (Transportation, Supply chain and Logistics) and major geographies with country level break-up.
The guidelines and regulations are strict due to accidents and traffic Jams in recent years even having strict government policies the transportation and logistics firms allowing the competition between the leading firms. The Competition is rising due to fast and quick services provided by the leading firms. The different requirement of consumer requires different service and providing customized service is key to lead the market. Some companies also relying on the option of mergers and acquisitions to hold on the market and earn more profit margins. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
XPO Logistics (France), Ceva Logistics (France), UPS Supply Chain Logistics (United States), DHL Supply Chain (Germany), J.B Hunt Transport Services (United States), C.H Robinson Worldwide (United States), Ryder Supply Chain Solutions (United States), Expeditor international of Washington (United States), BNSF Rail Logistics (United States), CSX Freight Logistics (United States) and Schneider (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Lineage Logistics (United States), C.H Robinson Worldwide (United States), Hub Group (United States), DSV Americas (Denmark), BDP International (United States) and TransGroup Global Logistics (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Surface Transportation market by Type, Application and Region.
On the basis of geography, the market of Surface Transportation 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). If we see Market by End-User, the sub-segment i.e. Automotive industries will boost the Surface Transportation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Industrial supply will boost the Surface Transportation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 2nd January 2020 J.B. HUNT TRANSPORT SERVICES, INC. announces the acquisition of RDI last-mile co. in the continued growth of final mile services. J.B. Hunt Transport Services, Inc one of the largest supply chain solutions providers in North America announced that its subsidiary, J.B. Hunt Transport, Inc., acquired the assets of RDI Last-Mile Co. on December 31, 2019. The transaction was funded using J.B. Hunt’s existing revolving credit facility.
On 29th January 2020, J.B. Hunt Joins USDOT in commitment to fighting human trafficking, signs transportation leaders against human trafficking pledge. J.B. Hunt Transport Services, the largest supply chain solutions provider in North America, recently pledged its support for the U.S. Department of Transportation’s Transportation Leaders Against Human Trafficking initiative at the USDOT in Washington, D.C.
The Surface Transportation Board is an independent Federal agency that is charged with the economic regulations of various modes of surface transportation, primarily freight rail. The STB exercises it’s statutory and resolves disputes in support of an efficient, competitive, and economically viable surface transportation network that meets the needs of its user.
Market Trend
- Fully Automated Highways Are Developed
- Growing Use Of GPS System Is Upgraded
Market Drivers
- Highly Demanded Due Availability Of Drivers
- Highly Recommended Due To Easy Adoption
- Professional not required as compared to airways
Opportunities
- Growing Demand Of Infrastructure In Developing Countries
- Acceptability Is High Compared To Other Routes
Restraints
- Risk Of Accidents And Other Severe Conditions Which Lead To Death
- Poor Maintenance Of Roads
Challenges
- Rising Cost Of Petrol And Diesel
- Some Goods Cant Maintained Their Normal Condition Over Long Distances Travelling
- In Some Areas, Roads Are Not Available
Key Target Audience
Surface Transportation Services, Industry Investors, Manufacturers, End-User Industries, Traders, Distributors, and Suppliers, Government and Research Organizations and Associations and Industry Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.