Global Oil and Gas Logistics Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 6.70% through 2020 to 2027, reaching US$ XX Mn.
Global Oil and Gas Logistics Market
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The report has covered region wise market trends with competitive landscape. The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Global Oil and Gas Logistics Market dynamics:
Discoveries of oil and gas fields and the upsurge in oil and gas exploration and production activities are likely to fuel the market growth. The growing demand for the contract logistic service owing to their advanced technologies and more specialized service are expected to impel the market growth in the coming years. For instance, Agility Logistics Services Pte Ltd moved more than 6,500 tons of modular refinery materials from China to the Netherlands. Spill and leakage issues during oil and gas transportation and large equipment and remote location of drilling may hamper the market growth at the global level. The rise in demand for petroleum products are projected to create growth opportunities in the oil and gas logistics market.
Segment Analysis: Offshore segment has led the global oil and gas logistics market in 2019
Based on application, the offshore segment has led the global oil and gas logistics market in 2019 and is expected to grow at a CAGR of xx% during the forecast period. The availability of significant untapped hydrocarbon reserves and rising crude oil production to cater to the growing energy demand are fuelling the segment growth in the coming years. Increasing investments in the E&P activities along with growing industrial and commercial applications of crude oil & natural gas has a positive impact on the segment growth in the market. The report covered a detailed analysis of all segments in the global oil and gas logistics market.
Regional Analysis: North America held the dominant market share of more than xx% in 2019
North America held the dominant market share of xx% in 2019 and is expected to reach US$ xx Mn by the end of 2027, with a CAGR of xx%. An increase in the E&P expenditure of oil and gas production companies and favorable government policies for oil and gas transportation are propelling the global oil and gas market over the forecast period. The US is the leading contributor to regional market growth. The US oil and gas logistic market is driven by the availability of large reserves, financial support, energy security concerns, and technological improvements in logistics services related to gas storage and upstream logistics support. North America is expected to grow at a CAGR of 7.4% during the forecast period thanks to the growth in unconventional hydrocarbon reserves.
Middle East Africa accounted for the second-largest market share of xx% in 2019 and is projected to grow at a CAGR of xx% during the forecast period owing to the presence of a large number of oil and gas companies. In terms of value, Asia Pacific is estimated to reach US$ xx Mn by the end of 2027 thanks to the rising demand for petrochemical products in emerging economies like China and India.
The objective of the report is to present a comprehensive analysis of the global oil and gas logistics market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global oil and gas logistics market dynamics, structure by analyzing the market segments and project the global oil and gas logistics market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the global oil and gas logistics market make the report investor’s guide.
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Global Oil and Gas Logistics Market, by Type:
• Upstream
• Midstream
• Downstream
Global Oil and Gas Logistics Market, by Application:
• Offshore
• Onshore
Global Oil and Gas Logistics Market, by Region:
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Oil and Gas Logistics Market, Major Players:
• ASCO
• CEVA Logistics
• CH Robinson
• Expeditors International of Washington
• GAC Logistics
• Panalpina
• Ryder Systems
• Gulf Agency
• Agility Project Logistics
• Kuehne + Nagel
• BDP
• DB Schenker
• Crown Logistics
• Neovia Logistics
• A.Hartrodt
• SGS Logistics
• SDV International Logistics
• Bollore Africa Logistics
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