Press release
Strong Growth Ahead: Retail Oil And Gas Logistics Market Size To Grow At Arecord 7% Cagr By 2029
Retail Oil And Gas Logistics
How Big Is the Retail Oil And Gas Logistics Market Size Expected to Be by 2034?
The retail oil and gas logistics market is set to increase from $1.11 billion in 2024 to $1.19 billion in 2025, growing at a CAGR of 7.4%. This growth is driven by increased oil and gas exploration, more vehicles on the road, higher demand for fuel products, rising electric vehicle adoption, and advancing urbanization and industrial growth.
The retail oil and gas logistics market is forecasted to see strong growth, reaching $1.56 billion by 2029 at a CAGR of 7.0%. This growth is attributed to the demand for contract logistic services, a shift from over-the-road to intermodal transportation, the need for efficient retail oil and gas logistics services, energy product demand, and infrastructure investments. Key trends include technological advancements, a focus on sustainability, integration of online and offline channels, GPS, cellular communication, onboard sensors, and the adoption of artificial intelligence (AI), IoT, and data analytics.
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What Are the Emerging Segments Within the Retail Oil And Gas Logistics Market?
The retail oil and gas logistics market covered in this report is segmented -
1) By Type: Upstream, Midstream, Downstream
2) By Operator: Private, Public
3) By License Type: Company Owned Company Operated, Company Owned Dealer Operated, Dealer Owned Dealer Operated
4) By Transportation Type: Railroad Transportation, Tanker Trucks Transportation
5) By Application: Offshore, Onshore
Subsegments:
1) By Upstream: Exploration, Drilling, Production, Well Services, Development
2) By Midstream: Transportation, Storage, Processing, Terminals
3) By Downstream: Refining, Distribution, Marketing, Retail
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What Long-Term Drivers Are Shaping Retail Oil And Gas Logistics Market Trends?
Increasing oil and gas demand is set to drive the retail oil and gas logistics market. Oil and gas, extracted via drilling, see rising demand due to economic trends, climate patterns, and fuel management strategies. Retail oil and gas logistics ensure efficient transportation from production to distribution points. For instance, BDO LLP reported in October 2023 that UK oil production rose by 16.4% in 2022, reaching 38.2 million tons. Thus, growing energy needs are supporting the retail oil & gas logistics market.
Who Are the Top Competitors in Key Retail Oil And Gas Logistics Market Segments?
Major companies operating in the retail oil and gas logistics market are DHL Group, CMA CGM Group, Gulf Agency Company Limited, Deutsche Bahn AG, Kuehne + Nagel Management AG, C.H. Robinson Worldwide Inc., Bollore SE, Expeditors International, GEODIS, Agility Public Warehousing Company K.S.C.P, PSA International Pte Ltd., Noatum HOLDINGS S.L.U., Panalpina World Transport, ASCO Group Limited, UPS Supply Chain Solutions, Yusen Logistics Co. Ltd., Halcon Primo Logistics Pte Ltd., Tudor International Freight Ltd., Riada Shipping and Logistics, Reliance Logistics Group Inc., ACI Cargo, Berrio Logistics Pvt. Ltd.
What Trends Are Driving Growth in The Retail Oil And Gas Logistics Market?
Companies in the retail oil and gas logistics market are investing heavily in sustainability initiatives to enhance logistics operations and reduce carbon emissions. For instance, in November 2023, Deutsche Post AG, a Germany-based logistics firm, announced an investment of over $218.61 million (€200 million) to decarbonize its logistics network and adopt clean fuels. This investment is part of a broader strategy to achieve net-zero emissions by 2050, focusing on the use of alternative fuels, energy efficiency, and the development of sustainable logistics solutions.
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Which Regions Are Becoming Hubs for Retail Oil And Gas Logistics Market Innovation?
Asia-Pacific was the largest region in the retail oil and gas logistics market in 2024. The regions covered in the retail oil and gas logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Retail Oil And Gas Logistics Market?
2. What is the CAGR expected in the Retail Oil And Gas Logistics Market?
3. What Are the Key Innovations Transforming the Retail Oil And Gas Logistics Industry?
4. Which Region Is Leading the Retail Oil And Gas Logistics Market?
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