Intermodal Market: By Type (Container-On-Flatcar, Trailer-On-Flatcar), By Destination (Domestic, International), By Transportation Mode (Rail and Road Transport, Air and Road Transport, Marine and Road Transport), By Application (Oil & Gas, Aerospace & Defense, Industrial & Manufacturing, Construction, Chemical, Food & Beverages, Healthcare, Others), and Geography  

Intermodal Market size was valued at USD 29,369.9 million in 2022 and is expected to grow at a 13.8% CAGR from 2023 to 2029. Intermodal is a mode of transportation involving multiple modes like road, rail, airway, and marine for safe and efficient delivery of goods to the destination. The goods in intermodal transportation are paced in a standard container which can be transported and transferred from one mode to another without unloading. Factors such as reduced transportation costs, increase in reliability and security, and improved supply chain visibility are expected to drive the growth of the intermodal market over the forecast years. In addition, the growing globalization of trade and rising international freight, and growing technological advancements such as warehouse automation, autonomous trucks, artificial intelligence, and robotics are expected to further drive the growth of the intermodal market over the forecast period.

Moreover, the increasing environmental concern of consumers in reducing carbon footprints and promoting sustainable transportation is expected to increase the demand for intermodal transportation over the forecast period. However, huge capital investments, rising competition from the trucking market, and limited infrastructures are expected to hinder the growth of the intermodals market over the forecast period. Moreover, increasing government investments in transportation infrastructures is expected to provide opportunities for the growth of the intermodals market. For instance, the US government is focusing on the development of intermodal terminals and transportation routes. In addition, the rising demand for transportation from the e-commerce platform, and increasing demand for containerization are expected to have a positive impact on the growth of the intermodals market over the forecast years.