Press release
Intermodals market forecast 2023-2032 - major trends, lucrative segments and fastest growing regions
Intermodals Market
The increasing sustainable nature of intermodal rail transport is expected to drive the growth of the intermodals market going forward. Unlike truckloads, rails use less fuel and is faster, which makes intermodal transportation energy and cost-efficient. Over the years, rail fuel efficiency has steadily increased, making it the most environmentally sustainable means of transporting goods overland. According to the Association of American Railroads (AAR), the USA's freight railways can move one tonne of freight more than 470 miles per gallon of fuel on average. AAR's analysis of federal data finds that if 25% of truck traffic traveling at least 750 miles went by rail instead, annual greenhouse gas emissions would be expected to fall by around 13.1 million tonnes, and if 50% of truck traffic moving at least 750 miles, greenhouse gas emissions would drop by about 26.2 million tonnes. The most fuel-efficient form of land transport is moving freight by rail, which reduces transportation costs and promotes brand control for a sustainable environment that encourages the growth of the intermodal market. Therefore, the growth in the sustainable nature of intermodal rail transport will contribute to the growth of the intermodals market going forward.
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Artificial Intelligence (AI) is increasingly being used in the intermodal rail freight industry to provide accurate analysis and provide real time transport operations, transportation planning and predictive operations. Artificial intelligence in intermodal rail freight helps optimize operations and increase intermodal rail capacity. For instance, in 2023, Duos Technologies Inc., a US-based company that provides machine vision and artificial intelligence that analyzes fast-moving trains and trucks, launched six new artificial intelligence ("AI") detection models for use with the company's Railcar Inspection Portal ("rip®" or "RIP") solution. The new products are the most recent additions to a growing selection of automated inspection instruments that enable railcar operators to find a range of flaws, including the state of air hoses, sill steps, hand brakes, wheels and uncoupling levers. The coupler heights and unsecured pneumatic unloader caps are two additional detections that concern freight railcar safety and operation. These detections may aid in reducing line-of-road ("LOR") delays, a crucial gauge for train operations. Also, in January 2022, Hitachi Rail formed a long-term alliance with the Netherlands' Intermodal Telematics (IMT), to enhance its offerings for the rail freight market. As part of this cooperation, Hitachi Rail will utilize AI analytics to improve the efficiency and security of its clients' freight services globally.
Opportunities -The top opportunities in the intermodals market segmented by type will arise in container-on-flatcar (COFC) segment, which will gain $16,144.1 million of global annual sales by 2027. The top opportunities in the intermodals market segmented by destination will arise in international segment, which will gain $8,300.9 million of global annual sales by 2027. The top opportunities in the intermodals market segmented by application will arise in oil and gas segment, which will gain $6,630.0 million of global annual sales by 2027. The intermodals market size will gain the most in the USA at $4,863.9 million.
Intermodals Market Segmentation:
The Intermodals market is segmented
By Type -
The intermodals market is segmented by type into
a) Container-On-Flatcar (COFC)
b) Trailer-On-Flatcar (TOFC).
By Destination -
The intermodals market is segmented by destination into
a) Domestic
b) International
By Application -
The intermodals market is segmented by application into
a) Oil And Gas
b) Aerospace And Defense
c) Industrial And Manufacturing
d) Construction
e) Chemical
f) Food And Beverages
g) Healthcare
h) Others
Major players in the Intermodals market include BNSF Railway, Norfolk Southern Railway, Union Pacific, Railroad, Canadian National Railway, Deutsche Bahn
The regions covered in the global Intermodals market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The latest report from The Business Research Company, 'Global Intermodals Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.
Intermodals Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……………………………………………………
18. Competitive Landscape And Company Profile
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Intermodals Market, Conclusions And Recommendations
22. Appendix
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