Latest News- Oil And Gas Logistics Market: Onshore is expected to lead the Application segment during 2025-2029

The Oil And Gas Logistics Market is being driven by Shift in freight operations from over-the-road to intermodal

The Oil And Gas Logistics Market is expected to grow at a CAGR of 5.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 5057.1 million. The current low oil prices are driving a significant transition towards natural gas as a preferred fuel source for power generation, particularly in developed countries like the US. This shift is due to the decreased cost of gas, which represents a substantial portion of overall expenses, and the competitive Low Cost of Electricity (LCOE) of gas turbines. In response, manufacturers are investing in the development of more efficient gas turbines to capitalize on the burgeoning trend of natural gas-based power generation. Government initiatives, such as Germany's CHP support scheme, further encourage this trend by promoting efficiency and sustainability in the cogeneration sector. These factors are collectively anticipated to fuel the expansion of the global oil and gas logistics market throughout the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Onshore
  • Offshore
• Type
  • Pipeline
  • Railroads
  • Tanker and trucks
• End-user
  • 3PL
  • In-house logistics
  • Freight forwarding
• Geography
  • North America
    • Canada
    • US
  • Middle East and Africa
    • South Africa
    • Egypt
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Shift in freight operations from over-the-road to intermodal
• Surge in offshore oil and gas exploration and production activities
• Growing demand for contract logistics services

However, the market also witnesses some limitations, which are as follows:

• Logistics planning and supply chain-related issues for fuel
• High operational cost and competitive pricing
• Varying transportation costs in various geographic regions

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Market Scope in Oil And Gas Logistics Market Research Report

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Research Analysis Overview

The Oil and Gas Logistics Market encompasses various segments, including Energy Logistics, Petroleum Logistics, and Natural Gas Logistics. Upstream, midstream, and downstream logistics are key areas, with a focus on global supply chains, intermodal transportation, and bulk cargo handling. Liquid cargo handling, pipeline maintenance, and tanker cleaning are essential services. Cargo insurance, security protocols, compliance regulations, and environmental impact are critical considerations. Operational efficiency, cost reduction strategies, capacity planning, network optimization, and supply chain resilience are key priorities. Real-time tracking, predictive maintenance, data analytics, safety management, and regulatory adherence are essential for ensuring optimal performance in this sector.

Market Research Overview

The oil and gas storage and transportation market encompasses businesses involved in the movement and storage of crude oil, natural gas, and refined products. This sector, often referred to as midstream, is a crucial component of the oil and gas value chain. According to Technavio's market analysis, the market's size is determined by the consolidated revenues of equipment, supply, and service providers. Key growth drivers for the global oil and gas storage and transportation market include escalating energy demand, dwindling fossil fuel reserves, volatile fuel prices, and environmental concerns. These factors necessitate the development of efficient pipeline infrastructure, advanced oil tanker logistics, and sophisticated gas processing plants, thereby fueling market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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