Below are some of the key findings from the oil and gas equipment transportation market research report:
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Global oil and gas equipment transportation industry overview
The rise in oil and gas exploration and production activity is one of the primary factors that will trigger the growth of this market. In addition, the rapid growth in oil and gas production in the Middle East countries such as Iran, Iraq, and Saudi Arabia will drive the demand for oil and gas equipment transportation market during the forecast period. Exploration and production activity is a vital upstream process along with certain other activities including the locating of oil rigs, searching for oil and petrochemical products, and operating subsea vessels. The continuous increase in oil and gas exploration and production on a global level will boost market growth in the upcoming years.
Technological advancements in the supply chain and logistics are gaining traction in the market. Logistics service providers are offering high-end transportation and warehousing in the oil and gas supply chain. Various logistics service providers are offering value-added services such as grading and sorting of products; legal formalities and custom procedure; and management information system (MIS) in the oil and gas equipment supply chain. The use of upgraded technology-driven solutions in transportation services will streamline the global oil and gas equipment transportation market.
Top oil and gas equipment transportation companies covered in this market research report
The oil and gas equipment transportation market is moderately fragmented with companies focusing on leveraging technological advances in logistics and supply chain to offer highly efficient services. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this oil and gas equipment transportation industry analysis report will allow clients to design effective business strategies to strengthen their position in the market.
The report offers a complete analysis of various companies including:
- C.H. Robinson
- DB Schenker
- Deutsche Post DHL Group (DPDHL Group)
- Expeditors
- Gulf Agency Company
- KUEHNE+NAGEL
Oil and gas equipment transportation market segmentation based on geographic regions
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for the companies, the Americas will account for the highest market share throughout the forecast period owing to the presence of oil and gas-rich- economies including the US, Canada, Venezuela, and Brazil. Furthermore, the increased production of shale gas will further drive market growth in the region.
Oil and gas equipment transportation market segmentation based on mode of transportation
- Road transportation
- Rail transportation
- Sea transportation
- Air transportation
The road transportation segment will account for the highest market share over the forecast period.. Additionally, the report also provides an accurate prediction of the contribution of all the transportation segments to the growth of the oil and gas equipment transportation market size.
Key highlights of the global oil and gas equipment transportation market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the oil and gas equipment transportation market during the next five years
- Precise estimation of the global oil and gas equipment transportation market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the oil and gas equipment transportation industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of oil and gas equipment transportation companies
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