Over the past few years, regional governments have been investing heavily in infrastructure developments. Countries such as India, China, Indonesia, and many others are investing large sums to strengthen their intermodal capacity. Such investments are aimed to improve and strengthen transport and infrastructure capacity, which will indirectly facilitate trade improvement. These investments are targeted toward network expansion, and will positively impact the growth of intermodal transportation. As such, the intermodal transport market is set to expand 3X over the next ten years, as an impressive CAGR of over 11% through 2030.
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Key Takeaways from Global Intermodal Transport Market Study
- Among the regions, North America and East Asia together accounted for over 23.2% of the global intermodal transport market in 2019. Among these two regions, North America represented a higher share, owing to significant penetration of international trade activities and growing domestic intermodal transportation.
- Many small-scale players in the intermodal transport market are providing personalized services to large volume shippers in terms of transportation. Transport companies are also highly engaged in providing consultation services in terms of fleet management and transport in order to ensure the efficient transportation of goods.
- The consumer and retail category is increasingly preferring the adoption of intermodal transport due to factors such as cost efficiency and sustainable transport. Besides, this sector ships products to a larger consumer base located across different parts of the world, which is encouraging players to adopt this mode of shipment that is suitable for large volumes and long distances.
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Intermodal Transport Market Landscape
PMR’s report underlines groundbreaking insights into the competitive scenario of the intermodal transport market, along with highlights of differential strategies used by manufacturers. Some prominent players in the global intermodal transport market include Deutsche Post DHL Group, DB Schenker, FedEx Corporation, DSV Panalpina, Yusen Logistics Co, Ltd., Kuehne + Nagel, XPO Logistics, Inc., Evans Delivery Company, Inc., Hub Group, Swift Transportation Company, GE Transportation, HighJump Software, TMW Systems, Trinium Trucking Systems, and others.
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The Global Intermodal Freight Transportation Market report by Reports and Data is an all-encompassing study of the global Intermodal Freight Transportation market.
Our market researchers’ panel has performed quantitative and qualitative assessments of the global Intermodal Freight Transportation market dynamics in a bid to forecast the global market growth over the forecast period.
They have taken into consideration several factors, such as market penetration, pricing structure, product portfolios, end-user industries, and the key market growth drivers and constraints, to endow the readers with a sound understanding of the market.
The report provides the reader with a panoramic view of the Intermodal Freight Transportation market, supported by key statistical data and industry-verified facts.
Hence, it examines the size, share, and volume of the Intermodal Freight Transportation industry in the historical period to forecast the same valuations for the forecast period.The Intermodal Freight Transportation market research report is broadly bifurcated in terms of product type, application spectrum, end-user landscape, and competitive backdrop, which would help readers gain more impactful insights into the different aspects of the market.
Under the competitive outlook, the report’s authors have analyzed the financial standing of the leading companies operating across this industry.
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