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Hazardous Goods Logistics Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Deutsche Post DHL Group, YRC Worldwide Inc., FedEx Corporation, A.P. Moller - Maersk, Kühne + Nagel International AG
The Business Research Company offers in-depth market insights through Hazardous Goods Logistics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to e-commerce growth, continued growth of the global economy, supply chain resilience, environmental sustainability. Major trends in the forecast period include digitization and blockchain, hazardous materials packaging innovation, collaborative partnerships, multimodal transportation, emergency response preparedness.
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Market Segmentation:
The main products of hazardous goods logistics are flammable, explosive, radioactive, bio-hazardous and others. Flammable products refer to goods that ignite and combust rapidly when exposed to heat, sparks, or open flames. These logistics are used for various types of businesses including transportation, warehousing and value-added services by seaways, roadways, railways, airways, storage and services operations for industrial, healthcare, agriculture and other applications.
Hazardous Goods Logistics Global Market Report 2023 provides data on the global hazardous goods logistics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The hazardous goods logistics market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Rising Demand From The Oil And Gas Industry Drives The Hazardous Goods Logistics Market
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 refers 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. Hazardous goods logistics are extensively used in the oil and gas industry due to the nature of the materials involved in exploration, production, refining and distribution processes. For instance, in June 2022, according to The Office for National Statistics, a UK-based government department, gas imports into the UK reached $24.92 billion in 2021, a significant rise of 312% from $6.10 billion in 2020. Moreover, the UK gas exports reached $4.32 billion in 2021, a 167% increase from $1.65 billion in 2020. Therefore, the rise in the oil and gas industry is driving the growth of the hazardous goods logistics market.
Competitive Landscape:
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.
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Top Trend - One-Stop Logistics Solutions Revolutionize Hazardous Goods Logistics For Efficiency And Cost Savings
Major companies operating in the hazardous goods logistics market are developing innovative new logistic solutions, such as one-stop-shop logistics solutions, to increase their profitability in the market. A one-stop-shop logistics solution refers to a business or service provider that offers a complete portfolio of logistics services under the same denominator, providing convenience and efficiency to clients. For instance, in May 2023, FedEx Corporation, a US-based transportation company, launched a one-stop-shop logistics solution for hazardous commodities for local Cebu firms. One-stop-shop logistics solutions may save time and money by offering a lone point of contact for all logistical requirements. This solution enables local companies in Cebu to export all nine kinds of risky commodities.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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