Press release
Intermodal Freight Transportation Market Outlook 2024: Enhancing Efficiency in Global Supply Chains
Intermodal Freight Transportation Market Outlook
The new report published by The Business Research Company, titled Intermodal Freight Transportation Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the intermodal freight transportation market size has grown rapidly in recent years. It will grow from $51.18 billion in 2023 to $58.85 billion in 2024 at a compound annual growth rate (CAGR) of 15.0%. The intermodal freight transportation market size is expected to see rapid growth in the next few years. It will grow to $103.78 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%.
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What Is Driving The Growth Of The Global Intermodal Freight Transportation Market?
Global Automotive Industry Thrives On Industrialization And Cross-Border Trade
The increasing industrialization is expected to propel the growth of the intermodal freight transportation market going forward. Industrialization is the process by which an economy is transformed from primarily agricultural to one based on manufacturing goods and services. The increasing industrialization is due to globalization, supply chain efficiency, market demand diversification, and trade agreements. Intermodal freight transportation plays a crucial role in industrialization by enhancing the efficiency and effectiveness of the logistics and supply chain systems. It supports global trade, infrastructure development, and economic growth, making it a cornerstone of modern industrial economies. For instance, in February 2023, according to Statistics Canada, a Canada-based government agency, Canada's manufacturing business witnessed extraordinary growth, with total sales increasing by 17.9% to $850.9 billion in 2022. Therefore, increasing industrialization is driving the growth of the intermodal freight transportation market.
What Is The Key Trend In The Global Intermodal Freight Transportation Market?
AI-Driven Innovations Reshape Intermodal Freight Transportation Market
Major companies operating in the intermodal freight transportation market are focused on developing innovative technologies, such as AI-based transport management solutions, to enhance efficiency, optimize routes, and improve overall supply chain performance. AI-based transport management solutions refer to advanced systems that utilize artificial intelligence (AI) to enhance and optimize various aspects of transportation management. For instance, in September 2023, 3SC Solutions, a Netherlands-based provider of supply chain solutions, launched iTMS (Intelligent Transport Management Solution). The solution integrates advanced AI and machine learning technologies to offer real-time route optimization, enhancing efficiency and reducing operational costs. iTMS includes predictive analytics capabilities to anticipate potential disruptions and adjust logistics strategies proactively. Its dynamic dashboard provides comprehensive visibility into all transportation activities, allowing for seamless coordination across multiple modes of transport.
How Is The Global Intermodal Freight Transportation Market Segmented?
The intermodal freight transportation market covered in this report is segmented -
1) By Type: Railway Transport, Road Transport, Air And Sea Transport, Other Type
2) By Component: Software, Service
3) By Modes: Rail Road, Road Water, Road Air, Other Modes
4) By Verticals: Consumer And Retail, Oil And Gas, Industrial And Manufacturing, Energy And Mining, Food And Beverages, Aerospace And Defense, Construction, Chemicals, Pharmaceuticals And Healthcare, Other Verticals
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How Is The Competitive Landscape Of The Global Intermodal Freight Transportation Market?
Major companies operating in the intermodal freight transportation market are Deutsche Post DHL Group, FedEx Corporation, A.P. Moller-Maersk A/S, CMA CGM Group, Deutsche Bahn AG, Kuehne + Nagel International AG, Hapag-Lloyd AG, DSV A/S, SAP SE, DB Schenker, C.H. Robinson Worldwide Inc., DP World, J.B. Hunt Transport Services Inc., Canadian Pacific Railway Limited, Schneider National Inc., Hub Group Inc., APM Terminals, XPO Logistics Inc., Swift Transportation Company, STG Logistics Inc., WiseTech Global Limited, Yusen Logistics Co. Ltd., Air Ground Xpress, CLX Logistics LLC, LOGISTEED Ltd.
Contents Of The Global Intermodal Freight Transportation Market
1. Executive Summary
2. Intermodal Freight Transportation Market Report Structure
3. Intermodal Freight Transportation Market Trends And Strategies
4. Intermodal Freight Transportation Market - Macro Economic Scenario
5. Intermodal Freight Transportation Market Size And Growth
…..
27. Intermodal Freight Transportation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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