Global Intermodal Freight Transportation Market: Rising at Promising CAGR of 6.50% by 2022

29-nov-2018 Global Intermodal Freight Transportation Market is estimated to grow significantly in the forecast period owing to the changing requirements of supply chains on the global scale. Intermodal freight transportation comprises goods carriage from shipper to consignee by means of rails and trucks. This type of transport lessens cargo handling, which improves security, reduces loss and damage, and enables faster transport.

Railways consume less fuel as compared to the road transport, which makes intermodal freight transport ideal in terms of cost and is also environment-friendly. Intermodal freight transportation is cost-effective over other modes.

Reduction in freight transportation cost with intermodal service, rising demand for geospatial intermodal and multimodal transportation amongst populace, growing use of enhanced information and communications technology, and rising use of electronic logging devices are the factors estimated to boost overall market growth in the years to come. However, high infrastructure cost and the growing conveyance offered while transporting goods through multimodal transport may restrain overall market growth in the years to come.

Multimodal or intermodal transportation, both use numerous means of transport and are similar in most aspects. Intermodal transportation has several contracts while, multimodal uses single contract. Multimodal transportation is responsible for shipments in various modes that is uses numerous means of transport but uses single bill of cargo.

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Intermodal freight transportation market is categorized on the basis of product type and geography. On the basis of product type, intermodal freight transportation market is divided into equipment and instruments, minerals and ores, food and farm products, and chemicals. Minerals and ores segment is predicted to lead intermodal freight transportation market in the coming years owing to the growing trade.

Geographically, intermodal freight transportation market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. Owing to the witnessing growth in the region, North and South America are expected to hold larger market in the forecast period. Widespread rail network of North America makes it possible to deliver shipments from Atlantic to Pacific and anywhere in between.

The key players profiled in intermodal freight transportation market are A.P. Moller – Maersk, C.H. ROBINSON, UPS, Deutsche Post DHL Group, Deutsche Bahn, Kuehne + Nagel, Aljex Software Inc., Cognizant, GE Transportation, Trinium Trucking Systems (IAS), Maersk Line, Motorola Solutions, Inc., JB Hunt Transport, DHL, TMW Systems, Inc. and Wisetech Global among others.

About intermodal freight transportation

Intermodal freight transportation involves the movement of goods or products using various modes of transport such as rail, ship, air, and truck.

Covered in this report 
The report covers the present scenario and the growth prospects of the Global Intermodal Freight Transportation Market 2018-2022.

The market is divided into the following segments based on geography: 
• Americas
• APAC
• EMEA

This report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors 

• A A.P. Moller - Maersk
• C.H. ROBINSON
• Deutsche Bahn
• Deutsche Post DHL Group
• Kuehne + Nagel
• UPS

Market driver 
• Reduced freight transportation costs with intermodal service
• For a full, detailed list, view our report

Market challenge 
• High infrastructure cost
• For a full, detailed list, view our report

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Market trend 
• Growing popularity of multimodal transportation
• For a full, detailed list, view our report

Key questions answered in this report 
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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