The global intermodal freight transportation market size reached US$ 46.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 116.72 Billion by 2028, exhibiting a growth rate (CAGR) of 16.30% during 2023-2028. The escalating demand for intermodal freight transportation across the industrial sector, continual advancements in transport infrastructure and the advent of digital freight brokerage services and autonomous trucks represent some of the key factors driving the market.
Intermodal freight transportation is a logistical strategy that involves moving cargo using multiple modes of transportation, such as rail, ship, and truck, without handling the freight itself when changing modes. The primary goal of this system is to combine the strengths and capitalize on the efficiencies of various transportation methods to deliver goods from origin to destination in a cost-effective, efficient, and environmentally friendly manner. The method allows for a streamlined, consistent transportation process that integrates a flexible distribution chain, thus making it an increasingly preferred method for freight shipment. Additionally, it is often container-based or facilitated by standardized containers, making the switch between sea, rail, and road transport effortless. It has significant applications in various sectors, including manufacturing, retail, food and beverages, chemical, and others, where large-scale transportation of goods is necessary, and efficiency and time-effectiveness are paramount.
Intermodal freight transportation is a logistical strategy that involves moving cargo using multiple modes of transportation, such as rail, ship, and truck, without handling the freight itself when changing modes. The primary goal of this system is to combine the strengths and capitalize on the efficiencies of various transportation methods to deliver goods from origin to destination in a cost-effective, efficient, and environmentally friendly manner. The method allows for a streamlined, consistent transportation process that integrates a flexible distribution chain, thus making it an increasingly preferred method for freight shipment. Additionally, it is often container-based or facilitated by standardized containers, making the switch between sea, rail, and road transport effortless. It has significant applications in various sectors, including manufacturing, retail, food and beverages, chemical, and others, where large-scale transportation of goods is necessary, and efficiency and time-effectiveness are paramount.
Intermodal Freight Transportation Market Trends:
The escalating demand for intermodal freight transportation across the industrial sector majorly drives the global market. This can be supported by the growing consumer inclination toward intermodal freight transportation over traditional freight transport methods due to its cost-effectiveness and efficiency. Along with this, continual advancements in transport infrastructure across the globe, rapid globalization and international trade, and the rising need for a reliable, efficient, and sustainable freight transport system are significantly supporting the market. This transport method also reduces cargo handling, thereby improving security and reducing damages and losses, which is creating a positive market outlook. In addition, the market is witnessing several emerging trends, such as the incorporation of advanced tracking and tracing systems for freight, which aids in improving the visibility and efficiency of freight transportation, thereby influencing demand. In addition to this, the increasing environmental awareness has also led to heightened demand for intermodal freight transportation as it is a much more environmentally friendly method compared to the alternatives, as it effectively reduces the carbon footprint associated with goods transportation. Also, governments across the globe are investing in transport infrastructure development, including intermodal terminals and efficient road and rail networks, which is augmenting the market growth. Apart from this, the advent of digital freight brokerage services and autonomous trucks, offering new opportunities for companies in the freight transportation market, are also contributing to the market. With these advancements and trends, the global intermodal freight transportation market is creating a positive market outlook.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global intermodal freight transportation market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on component, transportation mode, and end user.Component Insights:
- Software
- Service
Transportation Mode Insights:
- Rail and Road Transport
- Air and Road Transport
- Maritime and Road Transport
- Others
End User Insights:
- Industrial and Manufacturing
- Oil and Gas
- Consumer and Retail
- Food and Beverage
- Construction
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global intermodal freight transportation market. Detailed profiles of all major companies have been provided. Some of the companies covered include A.P. Møller - Mærsk A/S, Cognizant, Deutsche Bahn AG, Elemica Inc., Envase Technologies (WiseTech Global), Hub Group Inc., J.B. Hunt Transport Services Inc., Körber AG, Kuehne + Nagel International AG, The Descartes Systems Group Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global intermodal freight transportation market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global intermodal freight transportation market?
- What is the impact of each driver, restraint, and opportunity on the global intermodal freight transportation market?
- What are the key regional markets?
- Which countries represent the most attractive intermodal freight transportation market?
- What is the breakup of the market based on the component?
- Which is the most attractive component in the intermodal freight transportation market?
- What is the breakup of the market based on the transportation mode?
- Which is the most attractive transportation mode in the intermodal freight transportation market?
- What is the breakup of the market based on the end user?
- Which is the most attractive end user in the intermodal freight transportation market?
- What is the competitive structure of the global intermodal freight transportation market?
- Who are the key players/companies in the global intermodal freight transportation market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Intermodal Freight Transportation Market
6 Market Breakup by Component
7 Market Breakup by Transportation Mode
8 Market Breakup by End User
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- A.P. Møller - Mærsk A/S
- Cognizant
- Deutsche Bahn AG
- Elemica Inc.
- Envase Technologies (WiseTech Global)
- Hub Group Inc.
- J.B. Hunt Transport Services Inc.
- Körber AG
- Kuehne + Nagel International AG
- The Descartes Systems Group Inc.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 148 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 46.2 Billion |
| Forecasted Market Value ( USD | $ 116.72 Billion |
| Compound Annual Growth Rate | 16.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
