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$ 2.9 Bn growth expected in Global Drayage Services Market during 2021-2025 | Evolving Opportunities with PLS Logistics and ITS ConGlobal | Technavio

Technavio (PRNewsfoto/Technavio)

News provided by

Technavio

Jun 03, 2021, 19:00 ET

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NEW YORK, June 3, 2021  /PRNewswire/ -- The global drayage services market is set to grow by USD 2.90 billion during 2021-2025, according to the latest market research report by Technavio.  The market is expected to witness a 1.49% YOY growth in 2021 and register a CAGR of 2% during the forecast period.

The drayage services market report encapsulates not only the industrials industry value chain analysis but also features overall validation techniques employed for deriving the most accurate data insights.
Request a Free Sample Report

Technavio has announced its latest market research report titled Drayage Services Market by End-user and Geography - Forecast and Analysis 2021-2025
Technavio has announced its latest market research report titled Drayage Services Market by End-user and Geography - Forecast and Analysis 2021-2025

Read the 120-page report with TOC on "Drayage Services Market Analysis Report by End-user (Electronics and electrical, Food and beverage, Consumer goods and retail, and Others), Geography (APAC, North America, Europe, MEA, and South America), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions.

The drayage services market is driven by the growth of the manufacturing industry. In addition, rising seaborne trade is anticipated to boost the growth of the drayage services market.

Countries across the world are observing an increase in the manufacturing of electronics, food, rubber and plastic products, textiles, pharmaceuticals, basic metals, and apparel. Many developing countries are undertaking various initiatives and reforming their policies to improve the ease of doing business. For instance, the Indian government is providing a capital subsidy of up to 25% for ten years to encourage the manufacture of electronics in the country. Such initiatives are attracting electronic manufacturers to their manufacturing plants in the country. The growth in the manufacturing industry is leading to an increase in the production of various types of products. This is increasing the demand for drayage services, which is driving the growth of the market.

Buy our drayage services market report to gain access to a detailed customer landscape matrix comparing key industry-driven parameters.
View Sample Report Before Purchasing

Major Five Drayage Services Companies:

PLS Logistics: The company offers drayage services such as carrying containerized cargo by truck from the port terminal to shipping docks, warehouses, or rail ramps.

Evans Delivery Co. Inc.: The company provides transportation services in the port drayage/intermodal, flatbed, van truckload, and freight brokerage markets.

Hub Group Inc.: The company offers coast-to-coast drayage network services that boast more than 4,000 drivers in 29 terminals, and longstanding relationships with nearly every Class-I railroad.

ITS ConGlobal: The company offers ITS ConGlobal (ITSC) Transport services such as Intermodal Rail Ramp Drayage, Port Drayage, and others.

Knight-Swift Transportation Holdings Inc.: The company offers drayage services that are aligned to offer applications suitable for all intermodal transportation needs.

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Drayage Services Market End-user Outlook (Revenue, USD Bn, 2020-2025)

  • Electronics and electrical - size and forecast 2020-2025
  • Food and beverage - size and forecast 2020-2025
  • Consumer goods and retail - size and forecast 2020-2025
  • Others - size and forecast 2020-2025

Drayage Services Market Geography Outlook (Revenue, USD Bn, 2020-2025)

  • APAC - size and forecast 2020-2025
  • North America - size and forecast 2020-2025
  • Europe - size and forecast 2020-2025
  • MEA - size and forecast 2020-2025
  • South America - size and forecast 2020-2025

Get specific analysis on the criticality of inputs and factors of differentiation in the drayage services market vendor landscape.
Grab an exclusive report now!

Related Reports on Industrials Include:

Global Road Logistics Market - Global road logistics market is segmented by type (truckload, less than truckload, parcel, and same day) and geography (APAC, North America, Europe, South America, and MEA).
Request a Free Sample Report

Global Freight Brokerage Market - Global freight brokerage market is segmented by service (LTL, FTL, temperature-controlled freight, and others) and geography (North America, Europe, APAC, South America, and MEA).
Request a Free Sample Report

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Newsroom: newsroom.technavio.com/news/drayage-servicesmarket
Report: www.technavio.com/report/drayage-services-market-industry-analysis

SOURCE Technavio

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