Global Retail Oil and Gas Logistics Market 2018-2022
About Retail Oil and Gas Logistics
Retail oil and gas logistics comprises the supply chain activities of refined oil and gas from refineries to the point of sale outlets like retail fuel stations. Oil and gas products are transported to fuel retail stations by two modes of transportation including railroad and tanker trucks.
Technavio’s analysts forecast the Global Retail Oil and Gas Logistics Market to grow at a CAGR of 6.81% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Retail Oil and Gas Logistics Market. To calculate the market size, the report considers the revenue generated from the sales of tanker trucks and railroad trucks used in the oil and gas logistics industry.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Retail Oil and Gas Logistics Market 2018-2022
Technavio recognizes the following companies as the key players in the Global Retail Oil and Gas Logistics Market: Agility, C.H. Robinson, DB Schenker, Deutsche Post DHL Group, Kuehne + Nagel
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the growing use of blockchain technology in oil and gas transportation. A blockchain is a database holding records of digital events while protecting them from being tampered, in turn, removing the need for a central authority to maintain records, in turn, fostering the growth of the market.”
According to the report, one driver influencing this market is the shifting freight from over-the-road to intermodal 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.
Further, the report states that one challenge affecting this market is the logistics planning and supply chain issues for fuel retailers. The location of the fuel retail outlet hinders the growth of the market as many tanker trucks face traffic congestion while transporting petroleum products from refineries to retail fuel outlets.
Deutsche Post DHL Group
Kuehne + Nagel