Dangerous/ Hazardous Goods Logistics Market, Future Trends, Dynamic Growth & Forecast To 2030
Market
Synopsis
Dangerous/
Hazardous Goods Logistics Market was valued at USD 2,00545.30 million in 2030,
is projected to grow at 4.20% CAGR during the forecast period (2022 to 2030).
The Dangerous/
Hazardous Goods Logistics Market growth is primarily driven by
increasing demand for flammable liquids across verticals. Expanding
industrialization in the developing countries is expected to propel the demand
for petrochemicals and thus, drive the market growth. High demand for hazardous
pharmaceutical products in both developed and developing countries is another
key factor propelling the market growth. Increasing demand for lithium
batteries with growing popularity of electric vehicles is witnessed to create
lucrative growth opportunities for the players operating in the global market.
However, presence of various regulations restricting or prohibiting the
transport of dangerous goods is likely to affect the market growth during the
review period.
Similar to
logistic industry, the Dangerous/ Hazardous Goods Logistics Market witnessed a
substantial dip amid the pandemic. The dangerous goods logistic companies had
limited orders during the 2020 owing to slow down of the end-use industries
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Competitive
Landscape
The Dangerous/
Hazardous Goods Logistics Market is characterized by the presence of many
global, regional, and local companies. The market is highly fragmented in
nature. The tier-1 players have vertically integrated operations, right from
warehousing, value-addition, to transportation and customer-supply operations,
which gives them a competitive edge.
The leading
players in Advanced
Dangerous/ Hazardous Goods Logistics Market are Ceva Logistics AG (France),
Bollore Logistics (France), DHL (Germany), DSV (Denmark), DB Schenker
(Germany), Toll Holdings Ltd. (Australia), Suttons Group (UK), Ellmann
(Germany), DGD Transport (US), YRC Worldwide, Inc. (US), Geodis (France),
Eastrex Logistics SDN BHD (Malaysia), Rhenus Group (Germany), Agility (Kuwait),
SGS SA (Switzerland)
Segmentation:
By
destination:
Domestic:
Domestic shipping is when the goods are transported or shipped from point A to
B within a country’s boundaries. Generally, these services can be done
extremely fast and same-day delivery can be availed from certain companies.
Two-day and three-day delivery options are also easily available.
International:
International shipping is the process of exporting and importing goods between
countries through sea, road, or over the road. International shipping is a
complicated process of moving freight over country borders, accompanies by
several regulations & norms.
By service
type:
Transportation:
The transportation of hazardous goods requires the logistic companies to follow
strict rules. The industry is highly regulated to prevent accidents to people,
property, goods, or the environment. The regulations are framed so as not to
hamper the movement of hazardous goods other than those goods which are illegal
to transported.
Warehousing and
Distribution: Dangerous goods are generally stored in warehouses for transit or
storage purpose, and can be risky leading to explosion or fires if not stored
properly. In worst cases, improper handling can result in accidents with loss
of property and life. To prevent such accidents, the logistic companies are
required to adhere to safety procedures before and during operations.
Value-added
service: Value added services is an industry term referring to non-core
services. It includes packaging services or the pick-up of the goods from the
customer’s location. In addition, it consists of onsite processing of dangerous
goods shipment for transport by sea or air. Also, labelling, marking, and
documentation services also come under this segment which offer time and
financial efficacy for the retailer.
By container
types:
Insulated
containers: They are generally used as a part of a cold chain to help maintain
efficacy and product freshness. These containers prevent heat energy from
flowing outside in order to keep the internal temperature constant
Bolster Shipping
containers: It consists of a wooden floor and a steel frame support, making it
easier for shipping the oversized and heaviest items. These containers are
widely used by manufacturing companies, mining companies, and international
moving companies, among others who want to ship heavy goods
Refrigerated
containers: These containers maintain a stable temperature inside while
controlling humidity and promoting sufficient airflow. The reefer’s climate
control feature ensures that the product inside doesn’t spoil, which may occur
from excessive moisture, heat, very less airflow, or extremely low
temperatures.
By regions:
North America:
The North American market was valued at USD 194.35 billion in 2021 and is
projected to reach USD 319.99 billion by the end of 2030. The US is the leading
contributor in the region. The regional market growth is mainly contributed to
rapid industrialization, increasing energy requirements, growing trading among
neighbouring countries, and rising globalization.
Europe: Germany,
France, and the UK are the major revenue contributors in the region. Strong
presence of chemical manufacturing companies such as BASF, Exxon Mobil;
petrochemical companies, and nuclear energy plants in Europe has augmented the
trading of dangerous goods such as oil products, petrochemicals, flammable
gases, etc.
Asia-Pacific:
Asia Pacific is the largest and fastest-growing regional segment and is likely
to reach USD 675.51 billion with a robust CAGR of 7.08% during the review
period. China is the leading contributor in the region owing to significant
production of chemicals, petrochemicals, flammable gases, etc.
Middle East
& Africa: Saudi Arabia and UAE are the key regional contributors. The
region is known for its crude oil drilling operations and accounts for a
significant position in the global oil & gas industry. Saudi Arabia holds
for around 17% of the world’s proven petroleum reserves. The oil & gas
industry accounts for almost 50%of gross domestic product and around 70% of
export earnings.
South America:
Rapid industrialization and increasing disposable income have boosted the need
for various chemical products, crude oil, oil products, etc., augmenting the
regional market growth.
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