The Global Intermodal Freight Transportation Market is forecast to reach USD 73.38 Billion by 2026, according to a new report by Reports and Data. Intermodal freight transport includes the transportation of freight in an intermodal container or vehicle, using more than one mode of transportation like rail, truck, and ship, without any direct handling of the freight itself when changing modes. The non-invasive method reduces cargo handling, and so reduces damage and loss, improves security, and allows freight to be transported faster. Reduction costs over road trucking is the key convenience for inter-continental use. This can be offset by reduced timings for road transport over shorter distances.
The colossal rise in trailer and good container traffic across the nations have played a major role in the growth of the freight handling market, and this has developed over the past few years greatly owing to the increased demand from the end-users to transport their products safely. The rise in import and export of products have also influenced the market causing significant growth in regional, domestic, and international logistics. The thriving industrial sectors and the expanding supply chains are promoting the growth of the market.
Apart from the driving factors, the restraints for the market growth include the lack of knowledge among the general populace regarding the safe transport mechanisms. This is throttled further by the underdeveloped infrastructure to support the growth of the market.
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Some of the players profiled in the report are A.P. Moller – Maersk, C.H. ROBINSON, Aljex Software Inc., GE Transportation, Cognizant, Deutsche Bahn, Deutsche Post DHL Group, Kuehne + Nagel, UPS, Trinium Trucking Systems (IAS), among others.
The Global Intermodal Freight Transportation Market is segmented as follows:
Product Type Outlook (Revenue, USD Billion; 2016-2026)
Solution Type Outlook (Revenue, USD Billion; 2016-2026)
End-Users Outlook (Revenue, USD Billion; 2016-2026)
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Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered by the Report:
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