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Hazardous Goods Logistics Global Market Worth $311.27 Billion at a CAGR of 7.4% By 2028 | Key Players: YRC Worldwide Inc., FedEx Corporation, DB Schenker, C.H. Robinson Worldwide Inc., Nippon Express Co.Ltd.
Hazardous Goods Logistics Market
The Business Research Company's Hazardous Goods Logistics Global Market Report 2023 identifies the rise in the oil and gas industry is expected to propel the growth of the hazardous goods logistics market going forward. The oil and gas industry refer to the sector of the global economy involved in the exploration, extraction, production, refining, distribution and marketing of hydrocarbon resources, primarily crude oil and natural gas.
The hazardous goods logistics market size has grown strongly in recent years. It will grow from $215.63 billion in 2023 to $233.66 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to growth of industrialization, growing globalization, increasing awareness of the importance of safety and security in hazardous goods. The hazardous goods logistics market size is expected to see strong growth in the next few years. It will grow to $311.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
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Major players in the hazardous goods logistics market are Deutsche Post DHL Group, YRC Worldwide Inc., FedEx Corporation, A.P. Moller - Maersk, Kühne + Nagel International AG, DSV A/S, United Parcel Service Inc. (UPS), DB Schenker, C.H. Robinson Worldwide Inc., Nippon Express Co.Ltd., Expeditors International of Washington Inc., Panalpina Welttransport Holding AG, Geodis Logistics LLC, Kerry Logistics Network Limited, Bollore Logistics, XPO Logistics Inc., Kawasaki Kisen Kaisha Ltd., Hitachi Transport System Ltd., Hellmann Worldwide Logistics SE & Co. KG, Yusen Logistics Inc., Nishi-Nippon Railroad Co. Ltd., MOL Logistics Co. Ltd., Agility Public Warehousing Company K.S.C.P., Ceva Logistics, Toll Group, Rhenus Logistics S.A., DGD Transport LLC, Sagawa Express Co. Ltd.
Fluctuations in fuel prices may impede the market's expansion over the forecast period. The transportation of hazardous goods requires fuel, and the prices of fuel can be volatile, which can impact the profitability of companies operating in the market.
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The Hazardous Goods Logistics market is segmented -
1) By Product: Flammable, Explosive, Radioactive, Bio-Hazardous, Other Products
2) By Business Type: Transportation, Warehousing, Value-Added Services
3) By Operation: Seaways, Roadways, Railways, Airways, Storage And Services
4) By Application: Industrial, Healthcare, Agriculture, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Hazardous Goods Logistics market.
The Business Research Company's "Global Hazardous Goods Logistics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hazardous Goods Logistics Market Include:
1. Executive Summary
2. Hazardous Goods Logistics Market Characteristics
3. Hazardous Goods Logistics Market Trends And Strategies
4. Hazardous Goods Logistics Market - Macro Economic Scenario
5. Hazardous Goods Logistics Market Size And Growth
……
27. Hazardous Goods Logistics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hazardous Goods Logistics Market
29. Hazardous Goods Logistics Market Future Outlook and Potential Analysis
30. Appendix
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