Global Drayage Transportation Services Market by Type (Seaway, Railway), By Application (Electronics and Electrical Transportation, Food and Beverage Transportation, Consumer Goods and Retail Transportation, Industrial Transportation, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Drayage Transportation Services Market size is projected to grow from USD 39.7 billion in 2021 to USD XX.X billion by 2028, at a CAGR of 5.4% during the forecast period from 2020-2028. The growing need for cost reduction and faster turnaround times have led to increased adoption of drayage services across various industries such as electronics and electrical transportation, food, and beverage transportation, consumer goods, and retail transportation, industrial transportation, others.

Drayage transportation services are the movement of inbound and outbound cargo by truck or rail to or from a transfer facility (e.g., seaport, airport). Drayage transportation services are the freight transport that is carried out by suppliers or customers for their customers. It also includes inbound, storage, and distribution activities within a port area. The benefit of using these services is that it helps companies save on time and money by reducing the distance traveled for business purposes.

On the basis of Type, the global drayage transportation services market is segmented into Seaway and Railway.

Seaway:

Seaway is a type of drayage transportation service that involves transporting goods through waterways. Seaway type of drayage transportation services is used for transporting immediate containerized shipments through deep-sea routes. These services carry less time and energy consumption as compared to other modes of transportations. The maritime shipping industry has recently been increasing its focus on Seaway transits due to the high costs incurred by air cargo transportation, environmental concerns regarding CO² emissions from aircraft, etc.

Railway:

Railway type of drayage transportation services is one that uses railway to transport the cargo. Railway type of drayage transportation services offers several features that include availability, timeliness, and reliability. It also offers better cargo handling facilities than any other transportation mode including containers or trailers. Railway type of drayage transportation services provides a flexible and reliable supply chain solution as they are equipped with features such as on-time delivery, load security, reduced labor costs.

On the basis of Application, the global drayage transportation services market is segmented into Electronics & Electricals Transportation, Food and Beverages Transportation, Consumer Goods and Retail Transportations, Industrial Transportation, Others.

Electronics & Electricals Transportation:

Drayage Transportation Services is useful for Electronics & Electricals Transportation industry as it helps in reducing the overall transportation costs. Electronics manufacturing involves several processes which require a large number of items to be moved from one place to another during various stages of production. Electronics manufacturing companies, for example, use drayage transportation to ship their finished goods from warehouses or factories to distribution centers.

Food And Beverages Transportation:

Drayage transportation services provide a number of benefits to the Food and Beverages industry. These services allow companies to quickly transport goods from one place to another by using motor vehicles or rail freight. This ensures security, easy handling & time-saving as well as high flexibility in order fulfillment which eventually results in faster deliveries. In addition, drayage transportation allows organizations to save on costs for warehousing space that would have otherwise been required if they were not utilizing these specific service types for their logistics processes.

Consumer Goods And Retail Transportations:

Drayage transportation services are used in the Consumer Goods and Retail industry to move freight between various points. This helps in improving the supply chain network, supporting business growth by providing faster services at lower costs without compromising on customer experience. Drayage service providers have developed innovative strategies that help consumer goods manufacturers shift from a traditional distribution model to a system based on a “Just-in-Time” inventory management strategy.

Industrial Transportation:

Drayage transportation services help in transporting materials such as petrochemicals, chemicals, and others from one place to another. It is used for the safe movement of hazardous cargo across facilities or within a facility securely. These services play an important role in industries like food & beverage and consumer goods where there are strict regulations on how these products should be transported i.e., hygienic conditions must be maintained at all times throughout their journey.

On the basis of Region, the global drayage transportation services market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific region occupied a significant share in the overall industry for 2017 while North America followed the Asia Pacific closely due to development in the industrial sector coupled with rising activities related to trade among countries located across continents. Europe trailed both these regions by occupying a mid-position on account of developing economies including Eastern European nations which are witnessing an increased focus on building infrastructure facilities required for smooth functioning of the logistics industry. The market for drayage transportation services is expected to grow at a CAGR of over five percent in the next few years.

Growth Factors For The Global Drayage Transportation Services Market:

The growing demand for trade between countries and regions is expected to fuel the growth of the market in the coming years. The rising volume of ocean cargo transport, especially containerized goods traffic across seaway/river routes will drive the global drayage transportation services market over the forecast period. Furthermore, expansion and development of the manufacturing sector in emerging economies such as China and India would contribute towards this increasing trend in international trade which in turn is projected to boost the demand for drayage transportation service providers worldwide.

Up Market Research published a new report titled “Drayage Transportation Services Market research report which is segmented by Types (Seaway, Railway), By Applications (Electronics and Electrical Transportation, Food and Beverage Transportation, Consumer Goods and Retail Transportation, Industrial Transportation, Others), By Players/Companies XPO Logistics, Inc, JB Hunt Intermodal, Port City Logistics, G&D, ContainerPort Group, ITS ConGlobal (ITSC), Hub Group, Trinium, Schneider, NFI, IMC Cos, RoadOne IntermodaLogistics, Evans, Swift Transportation, ABCO Transportation, Continental Logistics, PLS Logistics Services, Asiana USA, Interlog USA, Taylor Distributing, BOA Logistics”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Drayage Transportation Services Market Report Segments:

The market is segmented by Type Seaway, Railway and By Application Electronics and Electrical Transportation, Food and Beverage Transportation, Consumer Goods and Retail Transportation, Industrial Transportation, Others.

Some of the companies that are profiled in this report are:

1. XPO Logistics, Inc
2. JB Hunt Intermodal
3. Port City Logistics
4. G&D
5. ContainerPort Group
6. ITS ConGlobal (ITSC)
7. Hub Group
8. Trinium
9. Schneider
10. NFI
11. IMC Cos
12. RoadOne IntermodaLogistics
13. Evans
14. Swift Transportation
15. ABCO Transportation
16. Continental Logistics
17. PLS Logistics Services
18. Asiana USA
19. Interlog USA
20. Taylor Distributing
21. BOA Logistics

Drayage Transportation Services Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Drayage Transportation Services Market

Overview of the regional outlook of the Drayage Transportation Services Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Drayage Transportation Services Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Drayage Transportation Services Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Seaway

                2. Railway

                1. Electronics and Electrical Transportation

                2. Food and Beverage Transportation

                3. Consumer Goods and Retail Transportation

                4. Industrial Transportation

                5. Others

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Drayage Transportation Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Drayage Transportation Services Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.