Global Intermodal Freight Transportation Market Expected To Reach $ 73.38 Billion By 2026, Says New Report from Reports and Data
YORK CITY, NEW YORK, USA, September 21, 2021 /EINPresswire.com/ – The global intermodal freight transportation market is expected to reach $ 73.38 billion by 2026, according to a new report from Reports and Data. Intermodal freight transport involves the transport of goods in a container or intermodal vehicle, using more than one mode of transport such as rail, truck and boat, without any direct handling of the freight itself when changing fashion. The non-invasive method reduces cargo handling, thereby reducing damage and loss, improving safety, and moving cargo faster. Cost reduction compared to highway trucking is the key convenience for intercontinental use. This can be compensated by reduced lead times for road transport over shorter distances.
The colossal increase in trailer and container traffic across countries has played a major role in the growth of the cargo handling market, and this has grown significantly in recent years due to the increased demand for end users to transport their products. without issue. The increase in imports and exports of products has also influenced the market, resulting in significant growth in regional, national and international logistics. Booming industrial sectors and expanding supply chains are driving market growth.
Besides the determining factors, the constraints of the market growth include the lack of knowledge of the general population regarding the safe transport mechanisms. This is further hampered by the underdeveloped infrastructure to support the growth of the market.
Get A Sample Of The Report @ https://www.reportsanddata.com/sample-enquiry-form/2598
The Asia-Pacific region has turned to importing and exporting goods with major developments in free trade agreements. Developing countries expect China and India to be the leaders in the global cargo handling market. These countries account for over 35% of the population across the world, and the application of freight transport in this region will grow at a very high rate.
Chapter 1. Market synopsis
1.1. Market definition
1.2. Scope and premise of the research
1.4. Market estimation technique
Chapter 2. Executive summary
2.1. Summary overview, 2018-2026
Chapter 3. Indicative measures
Chapter 4. Intermodal Freight Transport Market Segmentation and Impact Analysis
4.1. Materials segmentation analysis of the intermodal freight transportation market
4.2. Industrial outlook
4.2.1. Analysis of market indicators
4.2.2. Market driver analysis
18.104.22.168. Growing need for reliable transport systems
22.214.171.124. Evolution of free trade agreements
4.2.3. Analysis of market constraints
126.96.36.199. Underdeveloped transport infrastructure
4.3. Technological insights
4.4. Regulatory framework
4.5. ETOP analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive metric space analysis
4.8. Price Trend Analysis …
Key questions answered by the report:
What will the market size and growth rate be during the forecast year?
What are the key factors driving the Intermodal Freight Transportation market?
What are the risks and challenges facing the market?
Who are the main suppliers of the intermodal freight transport market?
What are the trend factors influencing market shares?
What are the main results of Porter’s five forces model?
What are the global opportunities for developing the intermodal freight transport market?
To identify key industry trends, click on the link below: https://www.reportsanddata.com/report-detail/intermodal-freight-transportation-market
Other key findings from the report suggest
The fleet management segment is expected to experience a CAGR of 7.2% during the forecast period. Fleet management is the management of goods, equipment and utility vehicles such as cars, vans, trucks, specialty vehicles, forklifts and trailers, which continue to grow with increasing demand.
The minerals and ores segment held the largest market share of 27.3% in 2018. This is due to the increase in trade and construction activities. These materials are mainly transported by rail and therefore intermodal freight transport facilities are heavily used.
The industrial and manufacturing segment held the largest market share of 21.6% in 2018. This is due to the high locomotion of materials and minerals using the transportation systems. Mining activities, as well as construction, activate accordingly, increase the growth of freight transportation market.
Asia-Pacific is expected to experience a CAGR of 6.8% during the forecast period. Countries like Japan, China and India are rapidly catching up with the growth of the intermodal freight transport market.
The main participants are AP Moller – Maersk, CH ROBINSON, Aljex Software Inc., GE Transportation, Cognizant, Deutsche Bahn, Deutsche Post DHL Group, Kuehne + Nagel, UPS, Trinium Trucking Systems (IAS), among others.
Request Discount on Report @ https://www.reportsanddata.com/discount-enquiry-form/2598
For the purpose of this report, reports and data have been segmented into the global intermodal freight transportation market on the basis of product type, solution type, end-users, and region:
Outlook Product Type (Revenue, USD Billion; 2016-2026)
Minerals and ores
Food and farm products
Equipment and instruments
Outlook Solution Type (Revenue, USD Billion; 2016-2026)
End User Outlook (Revenue, USD Billion; 2016-2026)
Oil and gas
Aeronautics and Defense
Industrial and manufacturing
Food and drinks
Regional Outlook (Revenue, USD Billion; 2016-2026)
Request Report Customization @ https://www.reportsanddata.com/request-customization-form/2598
Reports and Data is a company of individuals who passionately seek to convey to the world that evolution is part of the natural feature and process that ushers in radical changes in the way things would otherwise work in a regular process.
Commercial Vehicle Telematics Market @ https://www.reportsanddata.com/report-detail/commercial-vehicle-telematics-market
Vehicle Electrification Market @ https://www.reportsanddata.com/report-detail/vehicle-electrification-market
Automotive Alternative Propulsion Market @ https://www.reportsanddata.com/report-detail/automotive-alternative-propulsion-market
Automated Parking System (APS) Market @ https://www.reportsanddata.com/report-detail/automated-parking-system-aps-market
Body in White Market (BIW) @ https://www.reportsanddata.com/report-detail/body-in-white-biw-market
Check out our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs