Intermodal Freight Transportation Market to grow by USD 56.12 billion from 2022 to 2027 | Reduced freight transportation costs with intermodal services to drive the growth- Technavio

NEW YORK, Oct. 13, 2023 /PRNewswire/ -- The intermodal freight transportation market is expected to grow by USD 56.12 billion from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 6.64% during the forecast period. The market is segmented by transportation (rail transport, road transport, and sea transport), product (minerals and ores, food and farm products, equipment and instruments, chemicals, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Reduced freight transportation costs with intermodal services are key factors driving market growth. There is a strong preference for Intermodal Freight Transport over Single Occupancy Vehicles such as trucks due to the cost advantages offered to transporters. There are indications of increased costs for road haulage companies. Moreover, due to the increasing R&D and huge pressures from governments or regulatory bodies, equipment like trucks is becoming more expensive. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View PDF Sample Report 

Key Highlights:

• The report recognizes the following as some of the key players in the intermodal freight transportation market: AP Moller Maersk AS, BDP International Inc., C H Robinson Worldwide Inc., Convoy Inc., Deutsche Bahn AG, Deutsche Post AG, Elemica Inc., Hapag Lloyd AG, J B Hunt Transport Services Inc., Koerber AG, Kuehne Nagel Management AG, Lynden Inc., MARTEN TRANSPORT LTD., Trimble Inc., Uber Technologies Inc., United Parcel Service Inc., Wabtec Corp., WiseTech Global Ltd., XPO Inc., and CSX Corp.
• Intermodal Freight Transportation Market is fragmented in nature.
• Market to observe 6.12% YOY growth in 2023.

Market Dynamics:

Major Trend

• The growing popularity of multimodal transportation is a major trend in the market.
• There is only one contract for multimodal transport and intermodal transport is subject to a number of contracts with various carriers.
• Moreover, multimodal uses various modes of transport in accordance with a single bill for carriage.

Significant Challenge

• High infrastructure costs are significant challenges restricting market growth.
• The investment in infrastructure is necessary for the carriage of consignments by intermodal transport.
• The investment includes the construction of gantry cranes and other heavy crane types that are indispensable for lifting container ships at various ports in order to change their mode of transport.

Keg Segments:

• The market share growth by the rail transport segment will be significant during the forecast period. For the transportation of goods over a large distance, it provides an economical and environmentally sustainable alternative. Technological improvements, such as the introduction of autonomous trains and improved tracking systems, as well as the competitiveness of rail transport in the intermodal freight sector, are needed. Hence, these factors are expected to drive segment growth during the forecast period.

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The finished vehicles logistics market size is estimated to grow at a CAGR of 5.03% between 2022 and 2027. The market size is forecast to increase by USD 24.15 billion.

The cross-border e-commerce logistics market size is estimated to grow at a CAGR of 12.54% between 2022 and 2027. The market size is forecast to increase by USD 67.22 billion. 

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Mode Of Transportation

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.

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SOURCE Technavio