Intermodal Freight Transportation Market Is Expected To Reach USD 87.22 Billion By 2027 At A CAGR Of 16.2 percent.
A report on the Global Intermodal Freight Transportation Market by Maximize Market Research offers a thorough analysis for the forecast period of 2022 to 2027.
Intermodal Freight Transportation Market Scope:
The report provides detailed market insights that cover the industry’s past, present, and future developments, as well as expected market size and trends, for industry participants. Additionally, it provides an understandable explanation of intricate market facts. Every industry category is examined in the research, with an emphasis on significant companies such market leaders, laggards, and new entrants. The publication contains the entire PESTLE study for each nation. Since it gives a thorough overview of the competitive environment among the leading companies in the intermodal freight transportation market by goods and services, revenue, financial state, portfolio, growth strategies, and geographic presence, the report can be used as an investor’s guide.
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Intermodal Freight Transportation Market Overview:
The technique of combining multiple modes of transportation for the delivery of commodities or the movement of people is known as intermodal transportation. Intermodal freight and intermodal passenger transit are the two main subtypes of intermodal transportation.
Intermodal Freight Transportation Market Dynamics:
Organisations are more focused on achieving their environmental objectives. Corporates have been driven to adopt sustainable options and solutions in their operations due to rapid changes in customer behaviour and rising environmental consciousness. Today, the fast growing sustainability concept dominates not just supply chain operations but also industrial activities. As international trade grows, market participants are concentrating on lowering their carbon footprints. This has forced corporations to implement more environmentally friendly solutions across all relevant company operations. Additionally, it has accelerated the market’s corporate adoption of intermodal transportation. During the forecast period, the market for intermodal transportation is expected to see new opportunities as a result of this growing environmental consciousness.
One of the main factors estimated to boost market growth in the forecast period is the decreased freight transportation costs with intermodal service. To reduce car emissions, governmental or regulatory agencies are enacting a number of strict regulations. Additionally, the increase in road freight carriers is causing more traffic congestion and delays as a result. Due to all of these factors, road freight firms are forced to combine rail, road, and maritime transportation to move products over larger distances. In terms of savings on costs, this will benefit both the buyer and the freight forwarder.
The infrastructure needed to ship goods via multimodal transportation is expensive. Gantry cranes and other heavy-duty cranes must be installed as investments in order to raise the cranes at various ports when switching the mode of transportation.
Intermodal Freight Transportation Market Regional Insights:
The North American region is expected to hold the major share of the Intermodal Freight Transportation market over the forecast period. The North American region is expected to hold the major volume of the Intermodal Freight Transportation market over the forecast period. This is due to an increase in freight transportation via the train, which is the most practical form of intermodal freight transport. The US is the country that contributes the most to this regional market.
The Europe region held the second-highest share of the Intermodal Freight Transportation market in 2021 and is estimated to continue its supremacy at the end of the forecast period. Due to the quick adoption of intermodal freight transportation in this region, Europe is expected to have the fastest growing market for international intermodal freight transportation.
Asia Pacific region is expected to grow rapidly at a highest CAGR during the forecast period. This is due to the growing demand for the Intermodal Freight Transportation in the Asia Pacific region.
Intermodal Freight Transportation Market Segmentation:
By Services:
- Consulting services
- Managed services
- Customization services
By Modes:
- Rail-road
- Road-water
- Road-air
- Others
By Verticals:
- Consumer and retail
- Oil and gas
- Industrial and manufacturing
- Energy and mining
- Food and beverages
- Aerospace and defense
- Construction
- Chemicals
- Pharmaceuticals and healthcare
- Others
Intermodal Freight Transportation Market Key Competitors:
- Aljex Software, Inc.
- Cognizant
- GE Transportation
- HighJump Software, Inc.
- IBM
- Motorola Solutions, Inc.
- Profit Tools, Inc.
- TMW Systems, Inc.
- Trinium Trucking Systems (IAS)
- WiseTech Global
- A.P. Moller – Maersk
- C.H. ROBINSON
- Deutsche Bahn
- Deutsche Post DHL Group
- Kuehne + Nagel
- UPS
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