Intermodal Transport Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The development of fast-track systems in transportation has significantly improved the flow of goods in intermodal transport. Shippers are particularly concerned about security in transportation, prompting the advancement of automated gate systems at intermodal ramps by many railroads. These Automated Gate Systems (AGS) encompass features such as optical character recognition, biometric identification, and high-definition video imaging to enhance efficiency while maintaining safety and security. These advancements are driving the growth of the intermodal transport market.

Moreover, the Fast-Moving Consumer Goods (FMCG) sector favors transport services that can deliver products swiftly to the market at low costs. This preference has led the sector to increasingly adopt intermodal transport due to its cost efficiency and eco-friendly nature. Many organizations have integrated intermodal transport into their supply chain strategies, with companies like Kimberly-Clark emphasizing its use to streamline their supply chains.

Intermodal Transport Market Trends

Corporate Shift toward Sustainable Operations Aiding Market Growth: Companies are now more focused on sustainability goals, driven by rapid changes in consumer behavior and increased environmental awareness. This shift extends beyond production to encompass supply chain operations as well. With global trade on the rise, market players are committed to reducing their carbon footprints, prompting them to adopt eco-friendly solutions across all business operations. This rising environmental consciousness is fostering the adoption of intermodal transport, presenting new growth opportunities for the market in the coming years.

Adoption of Intermodal Transport by Strategic & Transactional Shippers: Historically, strategic and transactional shippers preferred traditional transport modes for their reliability. However, limited capacity and rising truckload prices have led many shippers to switch to intermodal transport services. This shift is contributing to the growth of the intermodal transport market. Strategic shippers looking to extend their cargo transit times have found success with intermodal freight transport.

Regional Outlook of Intermodal Transport Market

North America holds the largest share of the intermodal transport market, followed by Asia, due to enhancements in intermodal shipment visibility and increased demand from the automotive industry. However, the market in Asia, particularly East Asia, is expected to grow at the highest rate through the forecast period.

Intermodal Transport Market: Competition Overview

The intermodal transport market is expected to be highly fragmented, with numerous local players operating globally. Companies are actively seeking opportunities and focusing on digital platforms to enhance their market presence. Additionally, players are striving to strengthen their global footprints and offer innovative solutions to customers for a competitive edge in the industry.

For example, in recent years, FedEx Logistics, Inc., a subsidiary of FedEx Corporation, provided essential supply chain services to hospitals, distributing personal protective equipment (PPE) kits from its logistics facilities to hospitals in Latin America and the Caribbean.

COVID-19 Impact on Intermodal Transport Market

The COVID-19 outbreak had a profound impact on the intermodal transport market, as travel and trade were among the first sectors to face restrictions aimed at curbing the virus spread. This disruption significantly affected market growth. However, as countries ease lockdowns and resume travel and trade, the intermodal transport market is expected to recover and continue its growth trajectory.

Analysts’ Viewpoint

A brief overview of the changing Analysis of the intermodal transport market reveals that it is gaining significant popularity in developing regions. Analysts predict considerable expansion and growth opportunities for players in East Asia and South Asia in the coming years. Despite the disruptions caused by the COVID-19 pandemic, regional governments are undertaking initiatives to promote sustainability in the transport sector. The growing environmental consciousness is driving the adoption of intermodal freight transport services globally.

Intermodal Transport Market: Segmentation

The publisher's study on the global intermodal transport market provides a detailed market taxonomy, with key segments thoroughly analyzed. The market is segmented based on solution, vertical, service, type of mode, mode of ownership, and region. Each segment's growth is examined in detail, and relevant data is included in the study.

Solution

• Fleet Management
• Intermodal Dispatch
• Freight Security
• Terminals
• Warehousing
• Trucking Software

Vertical

• Consumer & Retail
• Oil & Gas
• Manufacturing Industry
• Energy & Utility
• Mining
• Aviation
• Construction
• Chemicals
• Pharmaceuticals & Healthcare
• Food & Beverages
• Others

Service

• Managed Services
• Consulting Services
• Customization Services

Type of Mode

• Rail-Road
• Road-Water
• Road-Air
• Others

Mode of Ownership

• Asset Owned
• Manufacturers
• Trade Integrators

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa (MEA)