About Intermodal Freight Transportation
Intermodal Freight transportation consists two modes of freight including rail and truck which is used in applications such as containerization of freight and passenger transportation. The intermodal process usually begins with a container moved by truck to a rail, then back to a truck to complete the process. According to IANA and IRA Truck moved and rail moved 66.5 billion and 16.1 dollars of freight respectively. According to Bureau of Transportation Statistics (BTS), the truck and rail freight is up 4.1% and 1.9% compared to March 2017 in North America
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 11.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States, German Manufacturers will contribute the maximum growth to Global Intermodal Freight Transportation market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
A.P. Moller - Maersk (Denmark), C.H. ROBINSON (United States), Deutsche Bahn (Germany), Deutsche Post DHL Group (Germany), Kuehne + Nagel (Switzerland), UPS (United States), Wise Tech Global (Australia), Agility Logistics (Switzerland), Profit Tools Inc. (United States) and JB Hunt Transport (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Intermodal Freight Transportation market by and Region.
On the basis of geography, the market of Intermodal Freight Transportation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Solutions, the sub-segment i.e. Fleet Mangement will boost the Intermodal Freight Transportation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service , the sub-segment i.e. Consulting Service will boost the Intermodal Freight Transportation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Consumer and Retail will boost the Intermodal Freight Transportation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode, the sub-segment i.e. Truck-Rail will boost the Intermodal Freight Transportation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
New quality of interaction between carrier and shipper and Rising trend of containerization of goods to be transported
Market Growth Drivers:
Increasing digitalization and decarbonization across the world, Reduced freight transportation costs with intermodal service and Increasing demand for on-time delivery of products and raw materials by potential clients
Challenges:
High investments in infrastructure
Restraints:
Lack of intermodal transportation training and knowledge followed by reluctance in adopting new ways of transportation
Opportunities:
Synchromodality and the future of the integrated supply chains and Growing popularity of multimodal transportation
Market Leaders and their expansionary development strategies
In 2021, the CMA CGM Group acquired a stake in CEVA Logistics, a prominent global logistics and supply chain management company. This strategic move aimed to bolster CMA CGM's position in the intermodal freight transportation market and expand its services in the logistics sector.
In 2021, Schneider National, Inc. introduced a new intermodal service called "Intermodal EXPO." This service offers customers access to a vast network of rail and trucking partners, along with real-time tracking and analytics tools to optimize transportation routes and reduce costs., and In 2021, Union Pacific Railroad launched "Cold Connect," a new intermodal service tailored for transporting perishable goods across North America. This service provides access to a refrigerated container fleet and specialized handling facilities to ensure the safe and efficient transportation of temperature-sensitive products.
The Intermodal Surface Transportation Efficiency Act (ISTEA) imposes new planning and regulatory requirements on states and cities, while increasing the diversion of highway gas tax money to nonhighway uses. The act authorized the creation of the Bureau of Transportation Statistics amd the Office of Intermodalism within the Department of Transportation.
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.