Dublin, Jan. 06, 2025 (GLOBE NEWSWIRE) — The “Intermodal Freight Transportation Market Report 2024” report has been added to ResearchAndMarkets.com’s offering.
The intermodal freight transportation market is poised for substantial growth, with projections indicating an increase from $51.18 billion in 2023 to $58.85 billion in 2024, marking a robust compound annual growth rate (CAGR) of 15%. This expansion is largely attributed to the escalating demand for expedited delivery, the proliferation of free trade agreements, advancements in rail infrastructure, and a general uptick in industrial production. The emergence of more sophisticated supply chain management services further supports this growth trajectory.
Anticipated Trends and Strategic Developments
Continuing its upward trend, the market is expected to further balloon to $103.78 billion by 2028, with a CAGR of 15.2%. Factors propelling this growth include the burgeoning global trade sector, burgeoning e-commerce demand, accelerating urbanization, risings fuel costs, and an augmented requirement for refrigerated transport. Technological innovation, the integration of artificial intelligence (AI), real-time monitoring, the advent of green logistics solutions, and the application of blockchain technology are projected to be the key trends in the forecast period.
Industrial Growth Fueling Market Expansion
The rapid pace of industrialization is a significant contributor to the enlargement of the intermodal freight transportation market. A global shift from agrarian-based economies to ones focused on manufacturing goods and services has led to a surge in global trade, optimized supply chain operations, diversification of market demands, and the formation of new trade partnerships. As a critical element of the global industrial framework, intermodal freight transportation bolsters trade, infrastructure developments, and economic advancement.
Competitive Landscape and Noteworthy Acquisitions
Key market players are perfecting their craft in AI and machine learning technologies, heavily investing in AI-based transport management systems. Such enhancements aim to fine-tune efficiency, optimize logistical routes, and heighten overall supply chain effectiveness. Milestones include the recent acquisition of Transporter Inc. by RoadOne Intermodal Logistics, which is expected to bolster their logistics prowess and consolidate their position within the intermodal freight services sector.
Geographical Insights and Segment Analysis
North America secured its position as the premier region within the market in 2023, with Asia-Pacific predicted to be the swift-growing contender in the forecast period. The comprehensive market encompasses a diverse array of segments, including railway transport, road transport, air transport, and sea transport, and extends its services to multifarious verticals such as consumer and retail, energy and mining, and pharmaceuticals, among others.
Forward Outlook
The intermodal freight transportation market analysis encapsulates a spectrum of businesses deriving earnings through an array of services such as freight forwarding, container management, and customs brokerage, emphasizing the expansive nature of the market. The forecasted growth underscores the strategic importance of intermodal freight transportation in meeting the evolving demands of the global economy, representing a significant development in the logistics and transportation industry.
Entities and stakeholders across the transportation and logistics sectors will continue to navigate and strategize within this dynamic market landscape, underscoring the intermodal freight transportation industry’s role as an indispensable facet of global trade and economic growth.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2024 – 2028 |
| Estimated Market Value (USD) in 2024 | $58.85 Billion |
| Forecasted Market Value (USD) by 2028 | $103.78 Billion |
| Compound Annual Growth Rate | 15.2% |
| Regions Covered | Global |
The major companies profiled in this Intermodal Freight Transportation market report include:
- 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.
For more information about this report visit https://www.researchandmarkets.com/r/jro4m2
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- Intermodal Freight Transportation Market
