10 July 2019 –
The Global Intermodal Freight Transportation Market
is expected to grow at a CAGR of 6.50% during the forecast period. Intermodal
transportation enables various options for integration of multiple modes that
lead to flexibility for supply chain management needs in the international
market. Intermodal transport emphasizes on infrastructure modules to a unified
focus on systems and process that will have a greater viability in the supply
chain management. The significance of intermodal freight transportation
continues to exist, since the railroad industry witnessed greater expansion in
the last 30 years.
The factors responsible for the market growth include rise
in rail transport coupled with significant rise in import and export. Increase
in overseas business and international transport is gaining a wide traction in
the forecast period. In addition, the rise in need for a safe, reliable and
competent transportation coupled with rise in domestic intermodal
transportation are vital in shaping the market scenario for intermodal freight
transportation.
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The market is segmented by type into passenger intermodal
freight transportation and cargo intermodal freight transportation. By
solution, the market segmentation includes freight security, fleet management,
intermodal dispatch, trucking software, and warehousing.
Geographical segment for intermodal freight transportation
market includes North America, South America, Europe, Asia-Pacific, Middle
East, and Africa. Asia-Pacific regions account for a significant market share
in the forecast period owing to rise in trade avenues and emphasis of key
players on business expansion.
The logistics sector is gaining a wider traction from the
market point of view. Globalization and flexible norms for international trade
are influencing the global market scenario. North America and Europe are likely
to experience significant growth conditions owing to rise in intermodal
passenger transportation and inclination toward ship, rail, and truck
transportation. The key players profiled in the intermodal freight
transportation market include GE Transportation, Aljex Software Inc, Trinium
Trucking Systems, Maersk Line, Motorola Solutions Inc, Cognizant, TMW Systems
Inc, JB Hunt Transport, and DHL.
Market segment by
Type, the product can be split into
• Truck
• Rail
• Air
• Marine
• Others
Market segment by
Application, Intermodal Freight Transportation can be split into
• Consumer & Retail
• Oil & Gas
• Industrial & Manufacturing
• Energy & Mining
• Other
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