ID: MRFR/PNT/8621-HCR | February 2021 | Region: Global | 100 pages
Market Scenario
Dangerous goods, abbreviated as DG, are substances that when transported are a risk to health, property, safety, or the environment. Certain dangerous goods that pose risks even when not being transported are known as hazardous materials. Hazardous materials are often subject to chemical regulations. Hazardous material teams are personnel specially trained to handle dangerous goods, which include materials that are explosive, radioactive, flammable, oxidizing, corrosive, biohazardous, pathogenic, asphyxiating, toxic, or allergenic.
Global Dangerous/ Hazardous Goods Logistics Market is anticipated to register a growth rate (CAGR) of 5% between 2020 and 2026.
Hazardous materials make up a significant portion of the global freight because they include many widely used commodities and products. Gasoline and other petroleum products are estimated to account for a significant share. The transport of hazardous materials requires special precautions, handling, and packaging. There are specialized safety regulations, standards, and reporting systems in place for pipelines, rail, highway, air, and marine vehicles that transport hazardous materials. These special requirements recognize the incidents involving in the transportation of hazardous materials, which can affect the environment, in addition to the potential risks of injuries and deaths. Concerning dangerous goods logistics, some policies and standards are set into place. International organizations, domestic institutions, as well as major aviation divisions, and shipping divisions have issued more stringent new policies for the management of dangerous goods logistics. The implementation of these new policies is expected to boost the dangerous/ hazardous goods logistics market in the coming years.
Key industry participants in the dangerous/ hazardous goods logistics industry include Ceva Logistics (Switzerland), Bollore Logistics (France), DHL (Germany), DSV (Denmark), DB Schenker (Germany), Hellmann Worldwide Logistics (Germany), DGD Transport (US), Toll Group (Australia), YRC Worldwide Inc. (US), United Parcel Service (US), GEODIS (France), Rhenus Logistics (Germany), Agility Logistics (Kuwait), Kuehne + Nagel (Switzerland), and XPO Logistics (US).
The global dangerous/ hazardous goods logistics market has been segmented based on service, destination, and region. Based on service, the global market is divided into transportation, warehousing and distribution, and value-added services. The transportation service segment is anticipated to hold a significant share of the market during the forecast period.
Based on destination, the global dangerous/ hazardous goods logistics market is segmented into domestic and international. The domestic destination segment accounted for a significantly large share in the global market because of the rising use of road transport.
Global Dangerous/ Hazardous Goods Logistics Market is projected to grow at 5% CAGR during the forecast period.
Market Segmentation
The global dangerous/ hazardous goods logistics market is expected to witness high growth during the forecast period owing to the growing oil and gas industry globally. This is likely to drive the demand for dangerous/ hazardous goods logistics in the coming years.
Based on region, the dangerous/ hazardous goods logistics market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Europe is expected to be a significant market for dangerous/ hazardous goods logistics. Road freight transport is the prime mode of transport in Europe. Concerning road transport, the transport of dangerous goods in the European Union (EU-28) continued to increase year by year in the last five years. In almost half of the European countries, more than two-thirds of the transport of dangerous goods were performed within the national territory. In terms of commodity group, flammable liquids took over more than half of the total, followed by gases and corrosives.
Key Players
Key industry participants in the dangerous/ hazardous goods logistics industry include Ceva Logistics (Switzerland), Bollore Logistics (France), DHL (Germany), DSV (Denmark), DB Schenker (Germany), Hellmann Worldwide Logistics (Germany), DGD Transport (US), Toll Group (Australia), YRC Worldwide Inc. (US), United Parcel Service (US), GEODIS (France), Rhenus Logistics (Germany), Agility Logistics (Kuwait), Kuehne + Nagel (Switzerland), and XPO Logistics (US).
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | USD 3 Billion (2020-2026) |
CAGR | 5% (2020-2026) |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | by Service, by Destination |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Ceva Logistics (Switzerland), Bollore Logistics (France), DHL (Germany), DSV (Denmark), DB Schenker (Germany), Hellmann Worldwide Logistics (Germany), DGD Transport (US), Toll Group (Australia), YRC Worldwide Inc. (US), United Parcel Service (US), GEODIS (France), Rhenus Logistics (Germany), Agility Logistics (Kuwait), Kuehne + Nagel (Switzerland), and XPO Logistics (US). |
Key Market Opportunities | The domestic destination segment accounted for a significantly large share in the global market because of the rising use of road transport. |
Key Market Drivers | Gasoline and other petroleum products are estimated to account for a significant share |
Frequently Asked Questions (FAQ) :
Global dangerous/ hazardous goods logistics market is projected to grow at approximately 5% CAGR during the assessment period (2020-2026).
Domestic destination is the largest application segment in the global dangerous/ hazardous goods logistics market.
Stringent new policies for the management of dangerous goods logistics by international organizations, domestic institutions, and major aviation & shipping divisions, are major tailwinds pushing the growth of the global dangerous/ hazardous goods logistics market.
Europe holds the largest share in the global dangerous/ hazardous goods logistics market, followed by North America and the Asia Pacific region, respectively.
Bollore Logistics (France), Ceva Logistics (Switzerland), DHL (Germany), DB Schenker (Germany), DSV (Denmark), Hellmann Worldwide Logistics (Germany), Toll Group (Australia), DGD Transport (US), YRC Worldwide Inc. (US), GEODIS (France), United Parcel Service (US), Rhenus Logistics (Germany), Kuehne + Nagel (Switzerland), Agility Logistics (Kuwait), and XPO Logistics (US), are some of the top players operating in the global dangerous/ hazardous goods logistics market.