Global Container Fleet Market 2020-2024 | Growing Intermodal Freight Transportation to Boost Market Growth | Technavio
The global container
fleet market size is expected to grow by 5.34 teu during 2020-2024. The
report also provides the market impact and new opportunities created due to the
COVID-19 pandemic. The impact can be expected to be significant in the first
quarter but gradually lessen in subsequent quarters – with a limited impact on
the full-year economic growth, according to the latest market research report
by Technavio.
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Growing intermodal
freight transportation is expected to drive the container fleet market growth
during the forecast period. Intermodal transportation uses different modes of
transportation for transporting goods from one region to another. In addition
to being environmentally friendly, some of the key advantages of using
intermodal transportation over other modes of transportation include high
efficiency and low operating cost. Moreover, the intermodal freight
transportation industry is introducing some major advances in technology such
as ICT, computerized vehicle routing, active traffic management, and online
freight exchange. The market has been dominated by the railroad segment because
of the low connectivity between rail routes and shipping terminals. However,
road-water transportation is a rapidly growing segment of the global intermodal
freight transportation market. It uses roadways and waterways to move freight
from one location to another.
As per Technavio, the
consolidation and alliance formation for cost-savings will have a positive
impact on the market and contribute to its growth significantly over the
forecast period. This research report also analyzes other significant trends
and market drivers that will influence market growth over 2020-2024.
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the Full Report @ http://bit.ly/3cGrasW
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