Multimodal Transportation Market Synopsis

Multimodal Transportation Market Size Was Valued at USD 47.24 Billion in 2023 and is Projected to Reach USD 93.65 Billion by 2032, Growing at a CAGR of 7.9% From 2024-2032.

Multimodal transportation is a combination of two or more means of transport. Multimodal transport is a solution to solve a big part of cargo mobility problems. The main feature of multimodal transportation is the transshipment terminals which allow efficient cargo handling between short-distance and long-distance traffic as well as the application of standardized and reusable loading units. The advantage of multimodal transport is that it uses the most efficient combination of transport modes, keeping the freight costs down. The service is more environmentally sustainable than some single-mode transport methods.

• One of the primary drivers behind the growth of the multimodal transportation market is globalization. As businesses expand their operations across borders, the need for efficient transportation networks becomes paramount. Multimodal transportation allows companies to leverage various modes of transportation to optimize their supply chains, ensuring timely delivery of goods to global markets while minimizing costs.
• Increasing urbanization and population growth are placing strain on traditional transportation infrastructures. Congestion on roads and highways, coupled with environmental concerns, is prompting businesses and governments to seek alternative transportation solutions. Multimodal transportation offers a viable alternative by utilizing different modes of transport and integrating them seamlessly to improve efficiency and reduce congestion.
• Moreover, advancements in technology are playing a crucial role in driving the growth of the multimodal transportation market. Innovations such as the Internet of Things (IoT), Artificial Intelligence (AI), and blockchain are revolutionizing the way transportation networks operate. These technologies enable real-time tracking and monitoring of shipments, optimize route planning, and facilitate seamless coordination between different modes of transportation, thereby enhancing overall efficiency and reliability.

Multimodal Transportation Market Trend Analysis

Rise in E-Commerce Industry

• The rise of the e-commerce industry has catalysed a significant trend in the multimodal transportation market, reshaping logistics and supply chain dynamics. As consumers increasingly turn to online platforms for their shopping needs, the demand for efficient and versatile transportation solutions has surged. This trend is characterized by the convergence of various modes of transportation, including road, rail, air, and sea, to create seamless and optimized supply chains. ​
• With the proliferation of online shopping platforms, businesses face the challenge of catering to diverse customer demands while minimizing costs and delivery times. Multimodal transportation offers a solution by allowing companies to leverage different modes of transport based on factors such as distance, urgency, and cargo type. For instance, a shipment may begin its journey on a truck for local delivery, then transition to rail for long-distance transport, and finally be delivered via last-mile delivery services. ​
• Moreover, the scalability of multimodal transportation aligns well with the dynamic nature of the e-commerce industry. As online retailers experience fluctuations in demand due to seasonal peaks, promotions, or unexpected events, they require transportation solutions that can adapt swiftly to these changes. By utilizing a combination of transportation modes, companies can optimize their logistics networks to accommodate fluctuations in volume while maintaining cost-effectiveness.
• For instance, global e-commerce sales jumped to $28.4 trillion in 2022. Moreover, internet-based retailing and online shopping is witnessing a significant expansion in the majority of countries across the globe, owing to an increase in speedy internet access, which has led to a rising preference toward e-commerce among consumers.

Last-Mile Delivery Solutions

• One of the key opportunities within the multimodal transportation market lies in leveraging various transportation modes, such as trucks, drones, bicycles, and even autonomous vehicles, to enhance last-mile delivery efficiency. By integrating multiple transportation options, companies can address challenges such as congestion, environmental impact, and delivery speed.
• Another opportunity in the multimodal transportation market is the use of advanced technologies such as artificial intelligence (AI), machine learning, and route optimization algorithms. These technologies enable real-time tracking, predictive analytics, and dynamic routing, enhancing operational efficiency and customer satisfaction. For example, AI-powered predictive analytics can anticipate demand patterns and optimize delivery routes accordingly, leading to fewer delays and lower costs.
• Implementing multimodal last-mile delivery solutions offers several benefits. It allows for greater flexibility and adaptability to varying urban landscapes and delivery requirements. For instance, drones can be utilized for deliveries to remote or hard-to-reach areas, while electric bicycles or scooters may be more suitable for congested urban environments.

Multimodal Transportation Market Segment Analysis:

Multimodal Transportation Market Segmented on the basis of solutions, transportation, and end-user.

By Solutions, Shipping segment is expected to dominate the market during the forecast period

• The globalization of trade and commerce has led to an increased demand for efficient and cost-effective shipping services to move goods across borders. This is particularly evident in the rise of e-commerce, where businesses are constantly seeking faster and more reliable shipping options to meet customer expectations.
• Advancements in technology have revolutionized the shipping industry, making it more streamlined and accessible. Automated systems for tracking, scheduling, and managing shipments have improved efficiency and reduced errors, leading to greater customer satisfaction. Additionally, the integration of digital platforms and data analytics has enabled companies to optimize routes, minimize transit times, and reduce operational costs.

By Transportation, Road-Water segment held the largest share of 47.67% in 2022

• The Road-Water transportation segment of multimodal transportation is experiencing significant growth due to several key factors that make it an attractive option for businesses and industries. This mode of transportation involves the combined use of both road and waterways, leveraging the strengths of each to create a seamless and efficient logistics network. As global trade continues to expand and supply chains become increasingly complex, the road-water segment offers a viable solution to meet the growing demand for reliable and cost-effective transportation.
• While water transportation, such as shipping, is known for its cost efficiency over long distances, it can sometimes lack the speed required for time-sensitive deliveries. On the other hand, road transportation provides the flexibility and speed necessary for shorter hauls. By combining these modes, businesses can optimize their transportation routes, minimizing costs while ensuring timely delivery of goods.

Multimodal Transportation Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America, particularly the United States and Canada, boasts a thriving economy supported by diverse industries such as manufacturing, agriculture, technology, and services. As businesses expand their operations domestically and internationally, there is an increasing demand for efficient and cost-effective transportation solutions to move goods across different regions.
• Additionally, advancements in technology have played a crucial role in enhancing the efficiency and reliability of multimodal transportation systems. Integration of digital tools, such as GPS tracking, real-time monitoring, and data analytics, has enabled better coordination and optimization of logistics networks. This has resulted in reduced transit times, improved inventory management, and lower operational costs, making multimodal transportation an attractive option for businesses seeking competitive advantages.

Multimodal Transportation Market Top Key Players:

• BDP International Inc (USA)
• Schenker AG (Germany)
• Mitsubishi Logistics Corporation (Japan)
• YUSEN LOGISTICS Co Ltd. (Japan)
• Kuehne + Nagel International AG (Switzerland)
• MARUBENI LOGISTICS Corporation (Japan)
• Transport Maritime et Transit USA Inc. (USA)
• CH Robinson Worldwide Inc (USA)
• Deutsche Post DHL Group (Germany)
• Crowley Maritime Corporation (USA)
• Deutsche Bahn AG (Germany)
• Deutsche Post AG (Germany)
• Geodis SA (France)
• Yusen Logistics Co., Ltd. (Japan)
• Marubeni Logistics Corporation (Japan)
• T.E.L.S. Transeuropean Logistic Services Ltd. (United Kingdom), and Other Major Players

Key Industry Developments in the Multimodal Transportation Market:

• In May 2023, RXO Logistics acquired XPO Logistics for $8.9 billion in a deal that was expected to create a major player in the North American trucking and logistics market.
• In July 2023, German logistics giant DB Schenker acquired US-based BAX Global for $1.3 billion, aiming to strengthen its air and ocean freight forwarding capabilities in North America.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. MULTIMODAL TRANSPORTATION MARKET BY SOLUTIONS (2017-2032)
   1. MULTIMODAL TRANSPORTATION MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SUPPLY CHAIN
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. CARGO
   5. CARRIAGE
   6. TRUCKLOAD
   7. COURIER SERVICE
7. MULTIMODAL TRANSPORTATION MARKET BY TRANSPORTATION (2017-2032)
   1. MULTIMODAL TRANSPORTATION MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. RAILROAD
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. ROAD-WATER
   5. ROAD-AIR
8. MULTIMODAL TRANSPORTATION MARKET BY END USERS (2017-2032)
   1. MULTIMODAL TRANSPORTATION MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. RETAIL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. CHEMICAL
   5. AEROSPACE AND DEFENCE
   6. FOOD AND BEVERAGES
   7. PHARMACEUTICAL AND HEALTHCARE
   8. MANUFACTURING
   9. OIL AND GAS
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. MULTIMODAL TRANSPORTATION Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. BDP INTERNATIONAL INC (USA)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. SCHENKER AG (GERMANY)
   4. MITSUBISHI LOGISTICS CORPORATION (JAPAN)
   5. YUSEN LOGISTICS CO LTD. (JAPAN)
   6. KUEHNE + NAGEL INTERNATIONAL AG (SWITZERLAND)
   7. MARUBENI LOGISTICS CORPORATION (JAPAN)
   8. TRANSPORT MARITIME ET TRANSIT USA INC. (USA)
   9. CH ROBINSON WORLDWIDE INC (USA)
   10. DEUTSCHE POST DHL GROUP (GERMANY)
   11. CROWLEY MARITIME CORPORATION (USA)
   12. DEUTSCHE BAHN AG (GERMANY)
   13. DEUTSCHE POST AG (GERMANY)
   14. GEODIS SA (FRANCE)
   15. YUSEN LOGISTICS CO., LTD. (JAPAN)
   16. MARUBENI LOGISTICS CORPORATION (JAPAN)
   17. T.E.L.S. TRANSEUROPEAN LOGISTIC SERVICES LTD. (UNITED KINGDOM)
10. GLOBAL MULTIMODAL TRANSPORTATION MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Solutions
       4. Historic And Forecasted Market Size By Transportation
       5. Historic And Forecasted Market Size By End Users
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies