Source: Domestic Freight Market in the US (2018-2022) is Projected to Grow at a CAGR of 3.51% – The Shortage of Skilled Truck Drivers is Challenging Further Growth – ResearchAndMarkets.com | Business Wire
The domestic freight market in the US is projected to grow at a CAGR of 3.51% during the period 2018-2022.The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the growing adoption of technology in logistics industry. Automated logistics solutions such as automated trucks, drone delivery, and automated guided vehicles are expected to gain traction in the domestic freight market in the US.
According to the report, one of the major drivers for this market is the growing e-commerce market in US. The companies will rapidly outsource supply chain operations to logistics service providers for attaining high order fulfillment rate.
Further, the report states that one of the major factors hindering the growth of this market is the shortage of skilled truck drivers. The shortage of skilled truck drivers in the domestic freight market in the US can disrupt the supply chain of end-user industries such as energy, manufacturing, automotive, and consumer goods.