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The Advanced Driver Assistance System (ADAS) Technology Is Rising To Prominence In The Intermodals Market
The global intermodals market size is expected to grow from $41.28 billion in 2021 to $44.88 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. The intermodal freight market size is then expected to grow to $54.05 billion in 2026 at a CAGR of 4.8%.
Reduced freight transportation costs with intermodal service will drive the global intermodal transport market in the forecast period. The buyers and freight forwarders in road freight companies are preferring intermodal freight transportation over single modes of transportation such as trucks, owing to the cost advantages offered to shippers. They are trying to save on costs by using rail to transport goods on longer routes. Since trains are more fuel-efficient than trucks, the cost of shipping freight via rail is very competitive. In fact, shipping by rail uses approximately three times less fuel than trucks, saving on fuel surcharges. In addition to this, a rail car can typically handle three to four times more freight than the average truck. In fact, one train can replace hundreds of trucks, significantly lowering the cost.
Asia-Pacific held the largest intermodal market share worth $6.68 billion in 2021. The intermodals market in the Asia-Pacific region is supported by the presence of a large population in emerging economies such as China and India ; rising investments in the transportation sector; and a high demand for freight transportation in the region. The market is also aided by technological advances coupled with high imports and exports.
The global intermodals market is segmented -
1) By Type: Container-on-Flatcar (COFC), Trailer-on-Flatcar (TOFC)
2) By Destination: Domestic, International
3) By Application: Oil and Gas, Aerospace and Defense, Industrial and Manufacturing, Construction, Chemical, Food and Beverages, Healthcare, Others
Advanced Driver Assistance Systems (ADAS) Global Market Report 2022 – By System Type (Tire Pressure Monitoring System (TPMS), Drowsiness Monitor System, Intelligent Parking Assist System (IPAS), Adaptive Cruise Control System, Blind Spot Object Detection System, Lane Departure Warning System, Adaptive Front-Lighting System), By Offering (Hardware, Software), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Buses, Trucks) – Market Size, Trends, And Global Forecast 2022-2026
Rail Freight Global Market Report 2022 – By Type (Intermodals, Tank Wagons, Freight Cars), By Destination (Domestic, International), By Application (Oil And Gas, Mining Industry, Logistic Industry, Post Service), By Freight Type (Containerized, Liquid, Commodities) – Market Size, Trends, And Global Forecast 2022-2026
Tank Wagons Global Market Report 2022 – By Tank Pressure Type (Pressurized Railraod Tank Car, General Purpose Or Non-Pressurized Tank Car), By Protection Type (Insulated, Non-Insulated), By Application (Crude Oil, Ethanol, Liquefied Gases, Bio Fuels, Milk, Chemicals, Other Applications) – Market Size, Trends, And Global Forecast 2022-2026
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