Sea Freight Experiencing Positive Outlook and Expected to Continue to Dominate the US Freight Forwarding Market: Ken Research

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The report includes the US logistics, freight forwarding, warehousing, cold chain, third party logistics, express delivery market size in terms of value, segmentation on the basis of service mix (freight forwarding market, warehousing market and value added services) and by type of industries (oil & gas, engineering equipment, food & beverages, metals, automotive and others). The report also covers value chain analysis for logistics market, comparative analysis of the US logistics market with other global logistics markets, trends and developments, issues and challenges, industry norms and regulations and recent developments in the market. The report also covers the competitive landscape of the industry and comprehensive profile of major players (XPO Logistics Inc., J.B. Hunt Transport Services, UPS Supply Chain Solutions, DHL Supply Chain, C.H. Robinson, Expeditors International of Washington, Ryder Supply Chain Solutions, Americold Logistics, FedEx, Ceva Logistics) operating in the market. The report includes future outlook and projections of the US logistics market, freight forwarding market, cold chain market, warehousing market, 3PL market and express delivery logistics market. Major macroeconomic indicators and upcoming projects affecting the market have also been highlighted in the report.

Ken Research in its latest study, The US Logistics Market by Service Mix (Freight Forwarding Market, Warehousing Market and Value Added Services), by Third Party Logistics, by Cold Chain Logistics, by Express Delivery and by Industries (Oil & Gas, Engineering Equipment, Food & Beverages, Metals, Automotive and Others) – Outlook to 2022, suggests that demand for logistics in the country will grow at a positive growth rate owing to introduction of new technologies in logistics industry backed up with growing companies in the industry.

The US logistic market is expected to spur majorly owing to changing customer expectations, technological innovation, entry of new players, increasing competition in the market and growing e-commerce sector.

Big data, automation and Internet of Things will drastically change the shape of logistics industry in upcoming years.

Increasing alliances with technology start-ups, increasing import & exports, increasing population and retailers will further drive market growth in future.

The US logistics companies are facing an era of unprecedented change as digitization takes hold and customer expectations evolve with time. It is expected that new and developing technologies will have a big impact on logistics industry in the next 5-10 years. Specifically, driverless trucks and unmanned aerial vehicles have interesting applications, especially for domestic and last-mile transportation which will change the shape of road freight in upcoming years. It is expected that with the massive implication of Internet of Things and big data in the logistics world, the industry will take advantage of the low cost of technology to help increase productivity and reduce cost in the overall supply chain.

Millennials have outpaced baby-boomers in combined buying power and it is anticipated that millennials’ desire for choice and convenience will drive customer expectations on fulfillment for retailers and e-tailers in the new on-demand ecommerce. In the upcoming years logistics will operate in a simpler supply chain, where artificial intelligence systems will automatically reduce the risk and optimize flow of freight. Additionally, the market for warehouse technology, including warehouse management systems and warehouse automation and control, has been experiencing robust growth driven by changing fulfillment requirements which has resulted in the proliferation of e-commerce in the US. Additionally, it has been witnessed that export and import value will grow in upcoming years which will aid the overall logistics growth.

Rising Import and Export of Goods in the US, growing air transport freight and increasing number of enterprises in transportation industry are some other key factors that may have positive impact on the market, according to the Analyst at Ken Research.

Key Topics Covered in the Report

Logistics Infrastructure in the US

Value Chain Analysis for the US Logistics Market

The US Logistics Market Size

The US Freight Forwarding Revenue

Major Players in the US Logistics Market

Freight Forwarding Companies in the US

Competition in the US Logistics Market

The US Cold Chain Revenue

Cold Storage Warehouses in the US

3PL Companies in the US

The US Logistics Market Future Growth

XPO Logistics Inc. Market Share

J.B. Hunt Transport Services Fleet Size

C.H. Robinson Revenue from Logistics

DHL Supply Chain Logistics Competitors

Future of the US Logistics Market

Upcoming Logistics Projects In The US

Government Spending on Logistics and Infrastructure the US

Market Share Leading Companies the US 3PL

International Domestic Revenue the US Logistics

Growth the US Express Logistics Industry

Cold Storage Warehouses in the US

Cold Transport Services in the US

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/us-logistics-market-research-report/142301-100.html

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Contact:         

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-124-4230204

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