According to a new report published by UnivDatos Markets Insights, the Hazardous Goods Logistics Market was valued at more than USD 180 billion in 2020 and is expected to grow at a CAGR of around 5% from 2022-2028. The analysis has been segmented into Service (Transportation, Warehousing and Distribution and Value-added Service); Destination (Domestic and International); Region/Country.
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The hazardous goods logistics market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the hazardous goods logistics market. The hazardous goods logistics market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the hazardous goods logistics market at the global and regional levels.
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Market Overview
Global Hazardous Goods Logistics Market is expected to grow at a significant rate of around 5% during the forecast period. Hazardous goods consist of material subjected to chemical regulations, which, when transported, can be a risk to health, property, safety, and the environment. Hazardous goods cover a significant portion of the global freight including commodities and products such as batteries and gasolines. Rise in the oil and gas industry, stringent government rules and regulations for hazardous goods transportation, and an increase in the transportation of nuclear medicines, virus samples and similar products are driving the growth of the market. For instance, the increase in the petrochemical demand in the U.S. has increased the demand for trucking services for transportation of oil & gas, which is hazardous goods.
Factors such as an increase in demand for hazardous waste management to prevent environment is propelling the growth of the hazardous logistics market. For instance, according to the environmental Protection Agency, in 2019, the U.S. generated 34.9 million tons hazardous waste were generated by 23,700 industries
Some of the major players operating in the market include Deutsche Post DHL Group, DSV, Ceva Logistics, Bollore Logistics, Go Freight Hub, Toll Holdings Limited, Yellow Corporation, DB Schenker, Hellmann Worldwide Logistics, and Agility
COVID-19 Impact
Logistic firms witnessed a significant brunt of the pandemic in both domestic and international markets. The supply chain was adversely affected which thereby affected competitiveness and economic growth.
The global hazardous goods logistics market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on service, the market is segmented into transportation, warehousing and distribution and value-added service. The Transportation segment is expected to hold highest CAGR and to dominate the market throughout the forecast period. The export and import of goods are important to bring up with safety and security to secure the environment and infrastructure around. Thus, transportation of goods should be protective.
· Based on destination type, the market is categorized into domestic and international. Among these, the domestic to hold a higher CAGR during the forecast period owing to the rising use of road transport, low rate of interest in between domestic region, low cost of transportation are expected to hinder the growth of the market.
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Hazardous Goods Logistics Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
Europe held a significant share of the global hazardous market. 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. Moreover, rapid industrialization and increasing disposable income have boosted the need for various chemical products, crude oil, oil products, etc., augmenting the regional market growth.
The major players targeting the market include
· Deutsche Post DHL Group
· DSV
· Ceva Logistics
· Bollore Logistics
· Go Freight Hub
· Toll Holdings Limited
· Yellow Corporation
· DB Schenker
· Hellmann Worldwide Logistics
· Agility
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Hazardous Goods Logistics market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the hazardous goods logistics market?
• Which factors are influencing the hazardous goods logistics market over the forecast period?
• What are the global challenges, threats, and risks in the hazardous goods logistics market?
• Which factors are propelling and restraining the hazardous goods logistics market?
• What are the demanding global regions of the hazardous goods logistics market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
Table of Content:-
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE HAZARDOUS GOODS LOGISTICS MARKET
6 HAZARDOUS GOODS LOGISTICS MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY SERVICES
8 MARKET INSIGHTS BY DESTINATION
9 MARKET INSIGHTS BY REGION
10 HAZARDOUS GOODS LOGISTICS MARKET DYNAMICS
11 HAZARDOUS GOODS LOGISTICS MARKET OPPORTUNITIES
12 HAZARDOUS GOODS LOGISTICS MARKET TRENDS
13 DEMAND AND SUPPLY-SIDE ANALYSIS
14 VALUE CHAIN ANALYSIS
15 PRICING ANALYSIS
16 STRATEGIC INSIGHTS
17 COMPETITIVE SCENARIO
18 COMPANY PROFILED
19 DISCLAIMER
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