Published Date : Aug 22, 2016
Albany, NY, Aug 22, 2016: MarketReasearchReport.biz has announced the addition of a new report, titled “Global Oil And Gas Logistics Market 2016-2020,” to its database. The report presents a detailed overview of the drivers, restraints, and opportunities that exist in the global oil and gas logistics market. It offers qualitative and quantitative insights into the competitive landscape, which has been calculated using analytical tools such as Porter’s five forces reports and market attractiveness reports. It also provides key players’ profiles and their market share in the overall oil and gas logistics market.
Oil and gas logistics include both onshore and offshore services. It is a framework for the management of oil and gas storage and transportation and handling of the spare parts, heavy equipment, and other requisite materials. With the increasing drilling activities worldwide, the oil and gas logistics market is likely to grow steadily. The report analysts estimate that the global oil and gas logistics market will expand at a CAGR of 7% from 2016 to 2020.
The report gives the key highlights of the global oil and gas logistics market. It explains the research methodology along with the assumptions and economic indicators used. It gives a detailed overview of the market, analyzing the historical data, current market state, and future growth prospects of all its vital constituents at a global as well as regional level.
The report presents a comprehensive study of the market dynamics such as the drivers, restraints, and opportunities. With the low prices of oil at present, it has become vital for oil and gas organizations to assess their supply chain and contract out their logistics and transportation tasks to logistics companies for cost savings and better procurement. This factor, therefore, acts as a driver in the growth of the global oil and gas logistics market.
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On the flip side, the decline in upstream investments owing to the widening gap between the demand and supply of oil and gas has become a major restraint on the growth of the global oil and gas logistics market. With the sliding ongoing oil prices, it becomes even more critical to bear the high costs for procurement and supply chain. Nonetheless, technological advancements are estimated to provide effective logistics and supply chain solutions in the coming years.
Based on method, the pipeline segment accounted for a dominant 66% of the global oil and gas logistics market in 2015. Pipelines are a widely used method for long-distance transportation of petroleum and refined petroleum products. Based on geography, the Americas will dominate the market throughout the forecast period. In 2015, the segment accounted for 37% of the global oil and gas logistics market. The US will emerge as the key revenue generating region owing to the rising shale oil production.
The report also presents the competitive landscape of the global oil and gas logistics market. The market is highly fragmented due to the presence of both large and small companies. The report talks about the trends governing the growth of the companies and the market shares of the key companies. Some of the key companies are BDP, Agility, DB Schenker, Deutsche Post DHL, Neovia Logistics, and Kuehne+Nagel.
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