Global Intermodal Freight Transportation Market by Solution (Warehousing, Trucking Software, Fleet Management (Fuel management, Driver Safety, Vehicle Tracking, Journey management, others), Intermodal Dispatch (Brokerage, Depot system integration, Order management, Billing and Settlement, EDI, Others), Freight Security (Baggage scanners, Cargo/vehicle scanner, Liquid threat scanners, others), Intermodal Terminal (Port (marine terminal), Airport, Cross-dock facility, Rail yard, Others)), Services (Consulting services, Managed services, Customization services), Modes (Rail-road, Road-water, Road-air, Others), 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), and Region (North America, Europe, Asia Pacific, Middle East & Africa, And South America) is expected to reach US$ 36.2Bn By 2026, at a CAGR of 13.44% during a forecast period.
Growing demand for on-time delivery of products and raw materials by potential consumers is driving the business establishments to implement efficient intermodal transportation systems that improve inventory planning and management. Implementation of such efficient systems also confirms that the warehouses are efficiently utilized as such transportation system decreases the time spent on managing freights and same time can be invested in execution warehouse duties. Another factor that is contributing to the growth of intermodal freight transportation market is the increasing trend of containerization of goods to be transported.
The rail-road segment is leading the Global Intermodal Freight Transportation Market.
The railway system desires less fuel than road transport. So, intermodal shipping lowers costs and contributes to a greener environment. Intermodal transportation is efficiently executed by regions, such as the Asia-Pacific, where the transportation infrastructures comprise extended and efficient networks of roadways and railways and are surrounded by the oceans.
North America dominating the Global Intermodal Freight Transportation Market.
North America leading the market for Intermodal Freight Transportation as of increase in transportation by railroad which is the most convenient mode of intermodal transport for freight. The US is the largest contributor in this regional market. Europe is expected to be the fastest rising market for global Intermodal Freight Transportation owing to the rapid adoption of intermodal freight transportation in this region.
Key Players operating the Global Intermodal Freight Transportation Market are, 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.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Intermodal Freight Transportation Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Intermodal Freight Transportation Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Intermodal Freight Transportation Market positioning of competitors.
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