The Global Intermodal Freight Transportation Market is forecast to reach USD 73.38 Billion by 2026, according to a new report by Reports and Data. Intermodal freight transport includes the transportation of freight in an intermodal container or vehicle, using more than one mode of transportation like rail, truck, and ship, without any direct handling of the freight itself when changing modes. The non-invasive method reduces cargo handling, and so reduces damage and loss, improves security, and allows freight to be transported faster. Reduction costs over road trucking is the key convenience for inter-continental use. This can be offset by reduced timings for road transport over shorter distances.
The colossal rise in trailer and good container traffic across the nations have played a major role in the growth of the freight handling market, and this has developed over the past few years greatly owing to the increased demand from the end-users to transport their products safely. The rise in import and export of products have also influenced the market causing significant growth in regional, domestic, and international logistics. The thriving industrial sectors and the expanding supply chains are promoting the growth of the market.
Apart from the driving factors, the restraints for the market growth include the lack of knowledge among the general populace regarding the safe transport mechanisms. This is throttled further by the underdeveloped infrastructure to support the growth of the market.
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Some of the players profiled in the report are A.P. Moller – Maersk, C.H. ROBINSON, Aljex Software Inc., GE Transportation, Cognizant, Deutsche Bahn, Deutsche Post DHL Group, Kuehne + Nagel, UPS, Trinium Trucking Systems (IAS), among others.
The Global Intermodal Freight Transportation Market is segmented as follows:
Product Type Outlook (Revenue, USD Billion; 2016-2026)
- Minerals and ores
- Food and farm products
- Equipment and instruments
Solution Type Outlook (Revenue, USD Billion; 2016-2026)
- Fleet Management
- Intermodal Dispatch
- Freight Security
- Intermodal Terminals
- Trucking Software
End-Users Outlook (Revenue, USD Billion; 2016-2026)
- Oil and Gas
- Aerospace and Defense
- Industrial and Manufacturing
- Food and Beverages
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Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered by the Report:
- Which market segment or sub-segment is expected to grow at the highest CAGR during the forecast timeline?
- What is the forecast valuation of the Intermodal Freight Transportation market?
- Who are the leading players in the industry? What are the weaknesses and strengths of these players?
- What are the strategic business steps and initiatives taken by the key competitors in the industry?
- What region is expected to dominate the market in the forecast period?
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