Intermodals Market Outlook, Strategies, New Trends And Forecast To 2033

The intermodals market size has grown rapidly in recent years. It will grow from $26.49 billion in 2023 to $30.07 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to resulted from emerging markets growth, rise in e-commerce, rise in mining activity, government policies, taxation and growth in international trade volumes.

The intermodals market size is expected to see rapid growth in the next few years. It will grow to $45.88 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to faster economic growth, sustainability, emphasis on cutting carbon emissions and government support. Major trends in the forecast period include artificial intelligence in intermodal services, focusing on shipment tracking tools, advanced driver assistance system (adas) technology, focus on digitalization, obstacle detection assistance systems, focus on rail vehicle visibility tools, technological advancement, strategic partnerships and collaborations.

Market Overview -
An intercom system is a closed-circuit voice communication system device that allows people to communicate with one another in two ways.

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Empowering Intercom Systems With Internet Of Things (IOT)
Use of IoT based intercom systems is projected to drive the market. IoT based intercom system is the use of internet with key areas of networking through platforms and middleware, which has network connectivity that will allow intercom systems to send and receive data through the use of embedded sensors, actuators, and other devices. The rising adoption of IoT technologies is expected to drive the demand for intercom devices globally. For instance, in June 2021, Fermax, a Spain-based door control, video door control, digital audio and video communications systems, and access control equipment manufacturer, has introduced a brand-new Wi-Fi-enabled product using Microsoft Azure IoT technology, allowing it to gain valuable insights into how customers use its products for the first time. This allows Fermax to not only improve their user experience, but also directly offer a variety of value-added services to their customers.

Competitive Landscape -
Major companies operating 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 State Railway Group Co. Ltd., Container Corp. of India Ltd., Indian Railways, KiwiRail Ltd., PT Kereta Api Indonesia (Persero), Qube Holdings Ltd., Twentieth Super Pace Nominees Pty Ltd, SF Express Co. Ltd., Deppon Logistics Co. Ltd., HOAU Logistics Company Limited, Shanghai CNEX Express Co. Ltd., COSCO Logistics, Barrington Freight Ltd., Coyote Logistics Europe, German Railway Authority, Railforum Netherlands, Swedish Rail Industry Group (Swerig), TransContainer, Emperor Franz Joseph Railway, GW Train Regio, Caile Ferate Romane, CFR Marfa, J.B. Hunt intermodal, XPO Logistics, Swift Intermodal, The National Railroad Passenger Corporation (Amtrak), Kansas City Southern, Hudson Bay Railway Co., Panalpina, Yusen Logistics, Fox Brasil, Almar Group, Trenes Metropolitanos, Brazil Great Southern Railway, Ferrocarril Transandino, Saudi Railway Company, Israel Railways Ltd. Iraq Republic Railways Co., Middle East Rail, Turkish State Railways (TCDD), Arabian Railway Company, Egyptian National Railways (ENR), Transnet SOC Ltd

Adoption Of Long-Term Evolution (LTE)-Based Intercom Systems For Enhanced Communication
Implementation of long-term evolution (LTE) technology-based intercoms, have been gaining acceptance from companies across all industries. LTE is a modern IP communicator, which provides high data for clear voice communication, full HD video streaming and a faster installation of the intercom. For instance, in August 2021, NTT DATA Corporation, a Japan-based consulting and information technology company announced the launch of NTT's Private 5G platform (P5G), the first private LTE/5G Network-as-a-Service platform available globally. With a full end-to-end stack of services that extends beyond the network, NTT P5G enables Chief Information Officers and Chief Digital Officers to take advantage of the advantages of private 5G to address business issues and innovate in order to keep up with the future of business. NTT P5G uses design thinking concepts to combine security, control, and privacy by design, resulting in improved performance and lower costs with an obvious return on investment.

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Key Segments -
The intermodals market covered in this report is segmented -
1) By Type: Container-On-Flatcar (COFC), Trailer-On-Flatcar (TOFC)
2) By Destination: Domestic, International
3) By Application: Oil And Gas, Aerospace And Defense, Industrial And Manufacturing, Construction, Chemical, Food And Beverages, Healthcare, Others

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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