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The retail oil and gas logistics market size is forecast to increase by USD 1.20 billion, at a CAGR of 7.1% between 2023 and 2028. The market is experiencing significant growth due to several key trends. The increasing number of automobiles on roads worldwide is driving the demand for fuel, leading to a rise in the market. Additionally, the growing demand for oil and natural gas as primary energy sources is another major growth factor. Logistics planning and supply chain issues for fuel retailers are also posing challenges, necessitating the adoption of advanced technologies and strategies to ensure efficient and timely delivery of products. The market is expected to witness growth in the coming years, with a focus on enhancing supply chain efficiency, reducing costs, and improving customer experience.
The market is witnessing significant growth due to increasing production activities in the energy sector. The demand for energy products such as gasoline, diesel, and liquefied petroleum gas (LPG) is on the rise, driven by urbanization and industrialization. The shift towards electric vehicles is expected to have a minimal impact on the market in the short term, but the long-term implications are significant. Automobiles continue to be the primary mode of transport for these energy products, making efficient logistics services essential. Intermodal transportation, contract logistics services, and sustainable logistics solutions are gaining popularity due to their ability to reduce carbon emissions and promote sustainability. The market is also adopting advanced technologies such as telematics technology, GPS, cellular communication, onboard sensors, AI, and IoT to optimize inventory management, transport and distribution, and weather patterns. Natural gas drilling operations are also becoming more efficient with the integration of technology and data analysis. Sustainability and eco-friendly products are becoming increasingly important in the market. The use of natural gas and sustainable logistics solutions is expected to grow in the coming years as the industry focuses on reducing its carbon footprint. Overall, the market is poised for growth, driven by increasing demand for energy products and the adoption of advanced technologies.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The railroad transportation segment is estimated to witness significant growth during the forecast period. The market encompasses the production, transportation, and distribution of various energy products, including gasoline, diesel, liquefied petroleum gas (LPG), and natural gas. Production activities are subject to numerous factors, such as weather patterns, drilling efficiency, and seasonal demand. As urbanization and industrialization continue to expand, the demand for automobiles and energy products increases. Contract logistics services play a crucial role in ensuring efficient intermodal transportation and inventory management for these goods. Sustainability is a significant concern, with eco-friendly products, such as electric vehicles, gaining popularity.
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The railroad transportation segment was the largest and was valued at USD 1.39 billion in 2018. Telematics technology, including GPS, cellular communication, onboard sensors, AI, and IoT, optimizes logistics operations, enhancing energy efficiency measures and reducing carbon emissions. Natural gas drilling and clean fuel technologies contribute to environmental performance, while fuel switching and operational efficiency initiatives promote net-zero emissions and the adoption of alternative fuels. Sustainability initiatives in the retail oil and gas logistics sector prioritize the reduction of greenhouse gas emissions and the implementation of clean fuel technologies. Upstream operations, including drilling and exploration, are subject to rigorous environmental regulations, emphasizing the importance of sustainable logistics solutions.
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APAC is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market encompasses the production, transportation, and distribution of various energy products, including gasoline, diesel, liquefied petroleum gas (LPG), and natural gas. This market is significantly influenced by production activities, urbanization, and industrialization, which drive the demand for automobiles and the need for efficient logistics services. Contract logistics services play a crucial role in intermodal transportation, ensuring the seamless movement of energy products from upstream sources to downstream consumers. Telematics technology, such as GPS, cellular communication, onboard sensors, AI, and IoT, enhance operational efficiency and enable real-time monitoring of weather patterns, inventory management, and fuel switching. Sustainability and eco-friendly products are becoming increasingly important in the market.
Clean fuels, alternative fuels, energy efficiency measures, and clean fuel technologies are gaining traction as companies strive for improved environmental performance. Seasonal weather patterns and carbon emissions are critical factors influencing the adoption of sustainable logistics solutions, such as net-zero emissions and greenhouse gas emissions reduction initiatives. Drilling and exploration activities, upstream, are subject to various operational efficiency improvements and sustainability initiatives. The market is evolving to accommodate the shift towards electric vehicles and the integration of renewable energy sources into the energy mix. Overall, the market is focused on reducing its carbon footprint and promoting a more sustainable future.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rise in number of automobiles on roads is notably driving market growth. The market plays a crucial role in ensuring the seamless transportation of petroleum products from Midstream to Downstream sectors, catering to the demands of Retail outlets, including gas stations. Private and Public operators employ various transportation types, such as Railroad transportation and Tanker trucks, for Onshore and Offshore supply chain management.
The increasing consumption of petroleum products necessitates the expansion of this market, with railroad transportation offering cost-effective and eco-friendly solutions for transporting large volumes of products. Tanker trucks provide flexibility in transportation, enabling efficient deliveries to retail outlets. The market's growth is driven by the increasing demand for petroleum products and the need for reliable and efficient logistics solutions. Thus, such factors are driving the growth of the market during the forecast period.
Growing demand for oil and natural gas is the key trend in the market. The market is witnessing significant growth due to the increasing demand for petroleum products and natural gas in both developed and emerging economies. As industries resume operations and consumer consumption rebounds following the COVID-19 pandemic, the energy sector is experiencing a rise in demand. This trend is particularly prominent in developing countries, where urbanization and population growth are driving the consumption of fossil fuels for transportation, heating, and power generation. Despite the shift towards cleaner energy sources, oil and natural gas continue to play a vital role in the energy mix. They are expected to serve as a bridge to more sustainable alternatives during the energy transition.
The market caters to the transportation and supply chain management of these resources from midstream (production and processing) to downstream (retail outlets, gas stations, and end-users). Transportation types, including railroad transportation and tanker trucks, are utilized for both onshore and offshore transportation to ensure the smooth flow of petroleum products and natural gas to retail outlets. Private and public operators are investing in advanced technologies and strategies to optimize their logistics operations and improve efficiency. Thus, such trends will shape the growth of the market during the forecast period.
Logistics planning and supply chain issues for fuel retailers is the major challenge that affects the growth of the market. In the retail oil and gas industry, effective logistics management is crucial for fuel retailers to ensure a consistent supply of petroleum products to their outlets, including gas stations. The supply chain faces intricacies due to the unique challenges of transporting fuels from midstream and downstream sectors. Private and public operators employ various transportation types, such as railroad transportation and tanker trucks, for onshore and offshore transportation. However, retail fuel outlet owners often encounter logistical issues, particularly with tanker trucks facing traffic congestion during transportation from refineries to retail outlets.
Unexpected events, like emergency situations at retail outlets, can further complicate the supply chain. For instance, a sudden rise in customer demand may necessitate an unscheduled delivery, making it challenging for logistics providers to arrange the necessary resources on short notice. Efficient supply chain management is essential to mitigate these challenges and ensure the uninterrupted availability of fuels for end consumers. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Agility Public Warehousing Co. K.S.C.P -The company offers retail oil and gas logistics for clean petroleum products, crude oil, and black oil through its subsidiary Tristar.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to increasing production activities in the energy sector and the rising demand for energy products, including gasoline, diesel, and liquefied petroleum gas (LPG). Urbanization and industrialization are driving the demand for efficient logistics services, such as intermodal transportation and contract logistics, to ensure the timely delivery of these energy products. The shift towards electric vehicles (EVs) and the adoption of clean fuels, such as natural gas, are also influencing the market dynamics. Weather patterns and seasonal variations impact the transport and distribution of these energy products, necessitating the implementation of advanced technologies, such as telematics technology, GPS, cellular communication, onboard sensors, AI, and IoT, for effective inventory management and fuel switching. Sustainability and eco-friendly products are becoming increasingly important in the market. Companies are focusing on sustainability initiatives, including carbon emissions reduction, net-zero emissions, alternative fuels, energy efficiency measures, and clean fuel technologies, to improve their environmental performance. Upstream activities, such as drilling, are also adopting these sustainable logistics solutions to minimize their carbon footprint.
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Market Scope |
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Report Coverage |
Details |
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Page number |
144 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
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Market growth 2024-2028 |
USD 1.20 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.5 |
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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 35% |
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Key countries |
US, China, Germany, UK, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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, DB Schenker, DHL Express Ltd, Gulf Agency Co. Ltd., Halcon Primo Logistics Pte Ltd., Kuehne Nagel Management 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, Market condition analysis for market forecast period |
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Customization purview |
If our market 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 market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Mode of Transportation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 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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