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Intermodals Market Trends, Growth, Size, Share And Forecast 2023-2032
Intermodals Market Report
The Business Research Company's Intermodals Global Market Report 2023 identifies he sustainable nature of intermodal rail transport as the major driver for the intermodals market's growth in the forecast period. Unlike truckloads, rails use less fuel and are faster, which makes intermodal transportation energy and cost-efficient. Over the years, rail fuel efficiency has firmly increased, making it the most environmentally sustainable means of transporting goods overland.
The global intermodal market size will grow from $23.37 billion in 2022 to $26.49 billion in 2023 at a compound annual growth rate (CAGR) of 13.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global intermodal market size is expected to grow to $41.59 billion in 2027 at a CAGR of 11.9%.
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Major competitors in the intermodals market are Union Pacific Railroad, Canadian National Railway, CSX Transportation, Norfolk Southern Railway, BNSF Railway, DB Schenker, SBB Cargo, CTL Logistics, VTG Rail Logistics, and Kuehen+Nagel Logistics.
A key trend in the intermodals market includes precision-scheduled railroading. Precision scheduled railroading (PSR) is a plan that includes centralizing operations, reducing staff, running fewer, heavier, faster trains, and optimizing the network to increase efficiency. For instance, in July 2021, the US Government Accountability Office, a US-based investigation agency, launched precision railroading to improve rail safety and tracking, and to improve cost structure, customer service, and consistent and reliable operations.
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The intermodals market is segmented -
•By Type: Container-On-Flatcar (Cofc), Trailer-On-Flatcar (Tofc)
•By Destination: Domestic, International
•By Application: Oil And Gas, Aerospace And Defense, Industrial And Manufacturing, Construction, Chemical, Food And Beverages, Healthcare, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the intermodals market.
The Business Research Company's "Global Intermodals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Intermodals Market Include:
1. Executive Summary
2. Intermodals Market Characteristics
3. Intermodals Market Trends And Strategies
4. Intermodals Market - Macro Economic Scenario
5. Intermodals Market Size And Growth
……
26. Africa Intermodals Market
27. Intermodals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Intermodals Market
29. Intermodals Market Future Outlook and Potential Analysis
30. Appendix
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