Global Oil and Gas Transportation Market 2018-2022
About Oil and Gas Transportation
Oil and gas transportation involves the transportation of crude oil, natural gases, and refined crude oil products. It also involves the movement of small-sized machineries such as surveying equipment, echo meter, 2-phase separator, and downhole PC pump that are used for crude oil and gas extraction.
Technavio’s analysts forecast the Global Oil and Gas Transportation Market to grow at a CAGR of 7.00% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Oil and Gas Transportation Market. To calculate the market size, the report considers the revenue generated from the sales generated through several modes of oil and gas transportation including pipelines, railroads, tankers and trucks.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Oil and Gas Transportation Market 2018-2022
Technavio recognizes the following companies as the key players in the Global Oil and Gas Transportation Market: Agility, BDP International, DB Schenker, Deutsche Post DHL Group, Kuehne + Nagel
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends impacting this market is the emergence of advanced oil and gas pipeline transportation monitoring technologies. Oil and gas companies are focusing on adopting advanced technologies to ensure the safety of oil and gas pipelines and workers given the hazardous nature of the industry”
According to the report, one of the factors influencing this market is the increasing adoption of outsourcing the oil and gas transportation to contract logistics service providers. This also allows the companies to concentrate more on expanding their core businesses.
Further, the report states that one key factor hindering the growth of this market is the rising adoption of electric vehicles owing to the rising concern for global warming. These concerns are encouraging government bodies and international organizations to promote the use of hybrid or electric vehicles for curbing carbon emissions from the transportation industry.
Deutsche Post DHL Group
Kuehne + Nagel
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