Intermodal Freight Transportation Market Innovation, Future Trends, and Global Demand Report

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.

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.

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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.

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