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The radioactive materials logistics market size has the potential to grow by USD 1.17 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (healthcare, industrial, agriculture, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Agility Public Warehousing Co. KSCP, Alara Global Logistics Group, Boyle Transportation, Clean Harbors Inc., Daseke Inc., Deutsche Post AG, DG Air Freight Pty. Ltd., DSV Panalpina AS, Edlow International Co., and FedEx Corp.
The market is fragmented. Deutsche Post AG, DG Air Freight Pty. Ltd., DSV Panalpina AS, Edlow International Co., and FedEx Corp. are some of the major market participants. Most of these companies are focusing on safety while transporting radioactive materials. These players are also focusing on inorganic growth, such as strategic alliances to expand their product portfolio and attain natural progression. Although the anticipated growth in the number of nuclear power plants will offer immense growth opportunities, the high cost, and inconvenience while handling radioactive packages will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this radioactive materials logistics market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this radioactive materials logistics market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
APAC will offer several growth opportunities to market vendors during the forecast period. The growing need for electricity and the rising focus on clean energy, increasing demand from the organized retail sector, and investments in new airport construction will significantly influence radioactive materials logistics market growth in this region.
Over 30% of the market’s growth will originate from APAC during the forecast period. China is the key market for radioactive materials logistics in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Diagnosis radioactive materials, also known as radiotracers, which emit gamma rays from within the body, are used for the diagnosis of certain disorders. These radiotracers are generally short-lived isotopes. One of the most common uses of radioactive elements is iodine (I-131), which is used in minor quantities to treat cancer and other conditions affecting the thyroid gland. These factors indicate that the radioactive materials logistics market growth by the healthcare segment will be substantial over the forecast period.
The radioactive materials logistics market share growth by the healthcare segment will be slower than the growth of the market by the industrial and agriculture segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the radioactive materials logistics market size.
The expected increase in the number of nuclear power plants will be one of the critical factors that will fuel the radioactive materials logistics market growth. The rising demand for clean energy is driving the demand for nuclear power plants. Countries such as China are making significant investments in nuclear power plants. This, in turn, is prompting the need for logistic solutions for radioactive materials, which will continue to grow during the forecast period.
The rising popularity of blockchain in the logistics industry is one of the key radioactive materials logistics market trends. Blockchain technology finds various applications in the logistics industry, such as freight tracking, carrier onboarding, trusting load board, streamlined factoring, data security, master data management. Moreover, the numerous benefits of blockchain technology are propelling vendors offering logistic services to partner with blockchain technology providers to develop platforms that will further increase the security and transparency in the logistics industry. Adopting blockchain in the supply chain of radioactive materials will make operations more secure and tamper-proof. As a result of these factors, the radioactive materials logistics market will register a CAGR of almost 6% during the forecast period.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendors covered
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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