Global Intermodals Market Size, Drivers, Trends, Opportunities And Strategies – Includes Intermodals Market Demand
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The sustainable nature of intermodal rail transport are expected to drive innovation in intermodals manufacturing, thus driving the market during the forecast period.
The global intermodals market is expected to grow from $23.37 billion in 2022 to $26.49 billion in 2023 at a compound annual growth rate (CAGR) of 13.4%. The global intermodal market size is expected to grow to $41.59 billion in 2027 at a CAGR of 11.9%.
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Global Intermodals Market Segments Include:
- By Type: Container-On-Flatcar (Cofc), Trailer-On-Flatcar (Tofc)
- By Destination: Domestic, International
- By Application: Oil And Gas, Aerospace And Defense, Industrial And Manufacturing, Construction, Chemical, Food And Beverages, Healthcare, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global intermodals market in 2021.
Major Market Players in the intermodals market include Union Pacific Railroad, Canadian National Railway, CSX Transportation, Norfolk Southern Railway, BNSF Railway, DB Schenker, SBB Cargo.
Organizations are implementing precision-scheduled railroading that has been gaining popularity in the intermodal market over the past few years. Precision scheduled railroading (PSR) is a plan that includes centralizing operations, reducing staff, running fewer, heavier, faster trains, and optimizing the network to increase efficiency. For instance, in July 2021, the US Government Accountability Office, a US-based investigation agency, launched precision railroading to improve rail safety and tracking, and to improve cost structure, customer service, and consistent and reliable operations.
The Intermodals Global Market Report 2023 provides a intermodals market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The intermodals market forecast analyzes intermodals market size, intermodals market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Intermodal refers to a mode of transportation in which the handling of the freight is not done manually when changing a rail carrier, thus increasing the security of the transported product substantially. It provides the transportation of freight in an intermodal container and offers a safe and secure system that stops handling too much freight while it’s being transported.
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