Intermodal Freight Transportation Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR40659
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The intermodal freight transportation market has the potential to grow by USD 46.55 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.37%.

This intermodal freight transportation market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (minerals and ores, food and farm products, equipment and instruments, chemicals, and others) and geography (North America, Europe, APAC, MEA, and South America). The intermodal freight transportation market report also offers information on several market vendors, including A.P. Moller - Maersk AS, C.H. Robinson Worldwide Inc., Convoy Inc., Deutsche Bahn AG, Deutsche Post DHL Group, J.B. Hunt Transport Services Inc., Kuehne + Nagel Management AG, Lynden Inc., Trimble Inc., and United Parcel Service Inc. among others.

What will the Intermodal Freight Transportation Market Size be in 2021?

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Intermodal Freight Transportation Market: Key Drivers and Trends

The reduced freight transportation costs with intermodal service is notably driving the intermodal freight transportation market growth, although factors such as high infrastructure cost may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the intermodal freight transportation industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the intermodal freight transportation market is the reduced freight transportation costs with intermodal service.
  • There is a high preference for intermodal freight transportation over single modes of transportation such as trucks owing to the cost advantages offered to shippers.
  • The buyers and freight forwarders in road freight companies are looking to save on costs by using rails to transport goods on longer routes.
  • The reduced freight costs owing to the use of different modes of transport while moving goods will drive the growth of the intermodal freight transportation market.
  • The ease in the management of the supply chain with intermodal service is another major factor supporting the intermodal freight transportation market share growth.
  • Intermodal transportation is preferred for exports, imports, and cross-continental shipments as almost all the containers have a similar handling characteristic and are designed with similar dimensions which allow for easy transfer to a different mode of transport.
  • Many freight forwarders prefer intermodal transportation as it offers increased security of goods as well as low costs.
  • Shippers can expect a faster movement of goods using intermodal freight transportation compared with traditional methods.

This intermodal freight transportation market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Intermodal Freight Transportation Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • A.P. Moller - Maersk AS
  • C.H. Robinson Worldwide Inc.
  • Convoy Inc.
  • Deutsche Bahn AG
  • Deutsche Post DHL Group
  • J.B. Hunt Transport Services Inc.
  • Kuehne + Nagel Management AG
  • Lynden Inc.
  • Trimble Inc.
  • United Parcel Service Inc.

 

This statistical study of the intermodal freight transportation market encompasses successful business strategies deployed by the key vendors. The intermodal freight transportation market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The intermodal freight transportation market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Intermodal Freight Transportation Market?

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33% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the intermodal freight transportation market in North America. Market growth in this region will be slower than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Intermodal Freight Transportation Market?

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The intermodal freight transportation market share growth by the minerals and ores segment will be significant during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the intermodal freight transportation market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Intermodal Freight Transportation Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive intermodal freight transportation market growth during the next five years
  • Precise estimation of the intermodal freight transportation market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the intermodal freight transportation industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of intermodal freight transportation market vendors

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Intermodal Freight Transportation Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.37%

Market growth 2021-2025

$ 46.55 billion

Market structure

Fragmented

YoY growth (%)

5.86

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 33%

Key consumer countries

US, China, Germany, UK, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

A.P. Moller - Maersk AS, C.H. Robinson Worldwide Inc., Convoy Inc., Deutsche Bahn AG, Deutsche Post DHL Group, J.B. Hunt Transport Services Inc., Kuehne + Nagel Management AG, Lynden Inc., Trimble Inc., and United Parcel Service Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The intermodal freight transportation market growth will increase by $49.84 billion during 2019-2024.
The intermodal freight transportation market is expected to grow at a CAGR of 6.63% during 2019-2024.
Technavio has segmented the intermodal freight transportation market by product (Minerals and ores, Food and farm products, Equipment and instruments, Chemicals, and Others) and geographic (North America, Europe, APAC, MEA, and South America).
A.P. Møller - Maersk A/S, C.H. Robinson Worldwide Inc., Convoy Inc., Deutsche Bahn AG, Deutsche Post DHL Group, J.B. Hunt Transport Services Inc., Kuehne + Nagel Management AG, Lynden Inc., Trimble Inc., United Parcel Service Inc. are a few of the key vendors in the intermodal freight transportation market.
North America will register the highest growth rate of 37.22% among the other regions. Therefore, the intermodal freight transportation market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the intermodal freight transportation market growth are:
  • Reduced freight transportation costs with intermodal service
The intermodal freight transportation market vendors should focus on grabbing business opportunities from the minerals and ores segment as it accounted for the largest market share in the base year.
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