Global intermodal freight market to reach USD 109.5 bn
According to Allied Market Research, the global intermodal freight transport market, valued at USD 42.5 bn in 2022, is projected to reach USD 109.5 bn by 2032, growing at a CAGR of 10.4% from 2023 to 2032. This market includes transporting goods using various modes, optimising efficiency, cost and environmental performance. Automation and AI are significantly improving operational efficiency and sustainability by automating scheduling, routing and tracking processes.
However, challenges like increased complexity, longer transit times and less visibility remain prevalent. The report emphasises the need for sustainable practices, as the industry faces scrutiny over greenhouse gas emissions. Implementing eco-friendly solutions, such as cleaner energy sources and efficient route planning, can lower carbon footprints and drive innovation. The market is segmented by transport type, end-user industry and region, with road transport and the consumer and retail sectors being the dominant segments. Europe holds the largest share of the market.