Intermodals Market Opportunities, Business Forecast To 2029

The global intermodals market size was valued at USD 29,369.9 million in 2022 and is expected to grow at a 13.8% CAGR from 2023 to 2029. The primary drivers of the expansion of the global intermodals market include the increasing environmental consciousness among the public to reduce carbon footprints, and increasing demand for efficient, cost-effective, and sustainable transportation.
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The Rail and Road Transport Segment is expected to Dominate the Intermodals Market:
Based on the transportation mode, the global Intermodals market is segmented into Rail & Road Transport, Air & Road Transport, and Marine & Road Transport. The rail & road transport segment is expected to account for a larger revenue share in the global intermodals market. Rail & Road transportation can carry a lot of goods and containers when compared to other modes of transport at a low and reasonable cost, and the developed infrastructure of rail and road transport is expected to drive the growth of the intermodals market over the forecast years.

North America Intermodals Market:
North America intermodals market is expected to increase over the forecast period due to increasing demand for transportation and well-developed transport infrastructure in this region. In addition, the market players in this region are focused on increasingly adopting strategies such as acquisitions and collaborations for the development of transportation infrastructure in this region. For instance, in February 2021, Mullen Group Ltd. announced that its subsidiaries, APPS Cargo Terminals Inc, and APPS Cartage Inc, had signed an agreement with CN to keep on trading intermodal services to APPS Transport for an interval of time. In addition, increased disposable income is expected to further propel the intermodals market in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Intermodals market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In June 2021, Ningxia Hui launched the first sea-rail intermodal freight train to Iran.

The Intermodals market is segmented based on type, destination, transportation mode, application, and geography.
Based on the type, the market is segmented into the following:
• Container-On-Flatcar
• Trailer-On-Flatcar

Based on the destination, the market is segmented into the following:
• Domestic
• International

Based on the transportation mode, the market is segmented into the following:
• Rail and Road Transport
• Air and Road Transport
• Marine and Road Transport.

Based on the application, the market is segmented into the following:
• Oil & Gas
• Aerospace & Defense
• Industrial & Manufacturing
• Construction, Chemical
• Food & Beverages
• Healthcare
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players profiles in the intermodals market report are BNSF Railway, Norfolk Southern Railway, Union Pacific Railroad, Canadian National Railway, Deutsche Bahn, CSX Transportation, Schneider National Inc, SNCF, Japan Freight Railway Company (JR Freight), Knight-Swift Transportation Holdings Inc, China Freight Co Ltd, Triman Shipping Ltd, DocShipper Asia, Bondex Supply Chain Management Co Ltd, Toprail International Logistics Co Ltd.

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This release was published on openPR.