What Has Been The Evolution of the Retail Oil And Gas Logistics Market in Recent Years?
The retail oil and gas logistics market has seen considerable growth due to a variety of factors.
• The retail oil and gas logistics market has grown significantly in recent years. It is projected to rise from $1.11 billion in 2024 to $1.19 billion in 2025, at a compound annual growth rate (CAGR) of 7.4%.
The growth can be attributed to rising oil and gas exploration and production activities, the increase in the number of vehicles on the road, greater demand for energy products like gasoline, diesel, and LPG, the adoption of electric vehicles, and urbanization and industrialization.
What Are the Future Growth Projections for the Retail Oil And Gas Logistics Market?
The retail oil and gas logistics market is expected to maintain its strong growth trajectory in upcoming years.
• The retail oil and gas logistics market is projected to grow to $1.56 billion by 2029 at a CAGR of 7.0%.
This growth is driven by the demand for contract logistics services, the shift from over-the-road to intermodal transportation, increasing energy product demand, and investments in infrastructure. Key trends include technological advancements, a focus on sustainability, integration of online and offline channels, telematics technology, and the adoption of AI, IoT, and data analytics.
What Are The Core Factors Supporting Growth In The Retail Oil And Gas Logistics Market?
The rising need for oil and natural gas is projected to stimulate the expansion of the retail oil and gas logistics market in the future. Oil and natural gas, harvested via drilling, have seen an increased demand due to factors such as economic development, seasonal climate variations, fuel conversion, and inventory control. The retail oil and gas logistics focus on ensuring effective transportation and distribution of oil and natural gas from the sites of extraction to retail points. This process improves the operational efficiency of oil and gas and guarantees a continuous and dependable supply of energy commodities to satisfy consumer requirements. For example, BDO LLP corporation, a public accounting firm based in the UK, reported in October 2023 that oil production in the UK had increased by 16.4% in 2022, reaching 38.2 million tons, compared to 2021. As such, the escalating demand for oil and natural gas is a driving factor behind the evolution of the retail oil & gas logistics market.
What Are The Major Segments Within The Global 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 New Trends Are Influencing The Retail Oil And Gas Logistics Market?
Companies that are key players in the retail oil and gas logistics market are putting considerable funds toward improving their logistics operations and various sustainability programs. These financial commitments are aimed at carbon reduction and promoting sustainable logistics solutions. For example, Deutsche Post AG, a supply chain management corporation based in Germany, has revealed plans to allocate more than $218.61 million (€200 million) in November 2023 towards greening its worldwide logistics activities and making the shift to cleaner fuels. This is a component of a wider sustainability strategy of the company to cut down on greenhouse gas emissions with the goal of being net zero by 2050. The investment will serve the expansion of alternative fuel use, introduction of energy-saving measures, creation of sustainable logistics answers for clients and backing of research and development endeavors. The allocated funds will be used to craft and incorporate clean fuel technologies, and to improve the environmental impact of their logistics services.
Who Are the Key Players In The Retail Oil And Gas Logistics Market?
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 Is The Most Dominant Region In The Retail Oil And Gas Logistics Market?
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.
