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The retail oil and gas logistics market share is expected to increase by USD 1.20 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.1%.
This retail oil and gas logistics market research report provide valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers retail oil and gas logistics market segmentation by mode of transportation (railroad transportation and tanker trucks transportation) and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The retail oil and gas logistics market report also offers information on several market vendors, including ACI Cargo, Agility Public Warehousing Co K.S.C.P., ASCO Group, BDP International Inc., Berrio Logistics India Pvt. Ltd., Bollore SE, C.H. Robinson Worldwide Inc., CEVA Logistics AG, DB Schenker, Deutsche Post AG, Energy Oil and Gas Magazine, Gulf Agency Co. Ltd., Halcon Primo Logistics Pte Ltd., Kuehne Nagel International AG, NOATUM HOLDINGS SLU, Reliance Logistics Group Inc., Riada Shipping and Logistics, and Tudor International Freight Ltd. among others.
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The shifting freight from over-the-road to intermodal transportation is notably driving the retail oil and gas logistics market growth, although factors such as spill and leakage issues during oil and gas transportation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the retail oil and gas logistics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Retail Oil And Gas Logistics Market Driver
The shifting freight from over-the-road to intermodal transportation is one of the major drivers impacting the retail oil and gas logistics market growth. Oil and gas firms require specialized supply chain solutions for reliable storage and transportation of petroleum products. The intermodal transportation network is operated with high precision for a seamless flow of petroleum. The combination of railroad and tanker trucks is one of the most commonly used modes of transportation in the global intermodal freight transportation market. In intermodal freight transportation, the freight is loaded in intermodal containers and transported by trucks to the closest intermodal railroad terminal, where containers are loaded on railroad flatcars to carry intermodal containers over long distances. The benefits of intermodal transportation for transporting petroleum products are speed, flexibility, and reduced costs. Transporting freight by intermodal transportation involves a cost saving of more than 20% more than road transportation. Such factors are expected to drive the growth of the market.
Key Retail Oil And Gas Logistics Market Trend
Rising fuel supply is one of the major trends influencing the retail oil and gas logistics market growth. The global crude oil and gas industry has recovered slowly after the 2014 crude oil crisis. New upstream projects are in the pipeline, and global oil E&P activities are growing amid recovering crude oil prices gradually. The rise in exploration activities will lead to a growth in the production of crude oil and natural gas. The refining and petrochemical industry is the major consumer of crude oil. The Organization of the Petroleum Exporting Countries (OPEC) has increased its investments in the refining and petrochemical industry. The addition of new refineries and expansion projects in Kuwait, Saudi Arabia, Venezuela, Angola, Iran, and Algeria will meet the domestic fuel demand. This will increase overall refinery throughput and, subsequently, gasoline and diesel supplies in the member countries. Thus, increasing oil and gas E&P activities and rising refinery throughput will increase the fuel supply, thereby promoting the growth of the market focus during the forecast period.
Key Retail Oil And Gas Logistics Market Challenge
Spill and leakage issues during oil and gas transportation is one of the major challenges impeding the retail oil and gas logistics market growth. There are various regulations to ensure the effective prevention of spillage of oil. One of the regulations is to appoint a minimum of two men for safe and secure railroad transportation of crude oil. For example, the US Environmental Protection Agency's (EPA's) oil spill prevention guidelines are the facility response plan (FRP) and the spill prevention, control, and countermeasure (SPCC) rules. As per the FRP rule, facilities that store oil and gas should have a response plan and be prepared to respond to operational hurdles that may arise due to an oil discharge. Furthermore, these regulations make sure that the amount of oil that is loaded and unloaded by different stakeholders in supply chains is equal in quantity. These regulations enable retail oil and gas logistics companies to check for any leaks during the supply chain.
This retail oil and gas logistics market analysis report also provide detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global retail oil and gas logistics market as a part of the global air freight and logistics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the retail oil and gas logistics market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the retail oil and gas logistics market encompasses successful business strategies deployed by the key vendors. The retail oil and gas logistics market are fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The retail oil and gas logistics market forecast report offer in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the retail oil and gas logistics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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32% of the market’s growth will originate from APAC during the forecast period. US and Canada are the key markets for the retail oil and gas logistics market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Low gas prices aided by low-interest rates will facilitate the retail oil and gas logistics market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic spread widely across North America, especially in the US, in 2020. Owing to the rising number of deaths due to COVID-19, many North American countries, including the US, Canada, and Mexico, implemented nationwide lockdowns in 2020. As a result, manufacturing units were forced to shut down, which disrupted the supply chains of oil and gas production in the region in 2020. In addition, people were confined to homes owing to the imposition of bans on traveling by the regulatory authorities of this region to curb the spread of the virus in 2020.
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The retail oil and gas logistics market share growth by the railroad transportation segment will be significant during the forecast period. The railroad is one of the most common ways to transport oil and gas products over long distances, for instance, to retail depots where facilities of pipelines are not available.
This report provides an accurate prediction of the contribution of all the segments to the growth of the retail oil and gas logistics market size and actionable market insights on post COVID-19 impact on each segment.
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Retail Oil And Gas Logistics Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
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Market growth 2022-2026 |
$ 1.20 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.86 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 32% |
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Key consumer countries |
US, Canada, China, India, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ACI Cargo, Agility Public Warehousing Co K.S.C.P., ASCO Group, BDP International Inc., Berrio Logistics India Pvt. Ltd., Bollore SE, C.H. Robinson Worldwide Inc., CEVA Logistics AG, DB Schenker, Deutsche Post AG, Energy Oil, and Gas Magazine, Gulf Agency Co. Ltd., Halcon Primo Logistics Pte Ltd., Kuehne Nagel International AG, NOATUM HOLDINGS SLU, Reliance Logistics Group Inc., Riada Shipping and Logistics, and Tudor International Freight Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Mode of Transportation
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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