Hazardous Goods Logistics Market: Current Analysis and Forecast (2022-2028)

Report Description

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Global Hazardous Goods Logistics Market is expected to grow at a significant rate of around 5% during the forecast period. Hazardous goods consist of material subjected to chemical regulations, which, when transported, can be a risk to health, property, safety, and the environment. Hazardous goods cover a significant portion of the global freight including commodities and products such as batteries and gasolines. Rise in the oil and gas industry, stringent government rules and regulations for hazardous goods transportation, and an increase in the transportation of nuclear medicines, virus samples, and similar products are driving the growth of the market. For instance, the increase in the petrochemical demand in the U.S. has increased the demand for trucking services for transportation of oil & gas, which is hazardous goods.

Deutsche Post DHL Group, DSV, Ceva Logistics, Bollore Logistics, Go Freight Hub, Toll Holdings Limited, Yellow Corporation, DB Schenker, Hellmann Worldwide Logistics, and Agility. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst service, transportation category to witness higher CAGR during the forecast period”

Based on service, the market is segmented into transportation, warehousing and distribution and value-added service. The transportation segment is expected to hold highest CAGR and to dominate the market throughout the forecast period. The export and import of goods are important to bring up with safety and security to secure the environment and infrastructure around. Thus, transportation of goods should be protective which is driving the growth of the market.

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“Amongst destination, the domestic to hold a higher CAGR in the market during forecast period”

Based on destination type, the market is categorized into domestic and international. Among these, the domestic to hold a higher CAGR during the forecast period owing to the rising use of road transport, low rate of interest in between domestic region, low cost of transportation are expected to, boost the growth of the market.

“Europe to hold a significant share in the market”

In 2020, Europe held a significant share of the global hazardous market. Strong presence of chemical manufacturing companies such as BASF, Exxon Mobil; petrochemical companies, and nuclear energy plants in Europe has augmented the trading of dangerous goods such as oil products, petrochemicals, flammable gases, etc. Moreover, rapid industrialization and increasing disposable income have boosted the need for various chemical products, crude oil, oil products, etc., augmenting the regional market growth.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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Customization Options:

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Research Methodology

Research Methodology for the Hazardous Goods Logistics Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global hazardous goods logistics market were the three major steps undertaken to create and analyze the adoption of hazardous goods logistics in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global hazardous goods logistics market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the hazardous goods logistics market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the hazardous goods logistics market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as service type, and destination. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the hazardous goods logistics market. Further, we conducted factor analysis using dependent and independent variables such as service type, and destination of hazardous goods logistics. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the hazardous goods logistics market sector across the globe. 

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global hazardous goods logistics market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the hazardous goods logistics market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global hazardous goods logistics market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global hazardous goods logistics market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of service, and destination in the global hazardous goods logistics market.

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The main objective of the Global Hazardous Goods Logistics Market Study

The current & future market trends of the global hazardous goods logistics market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the hazardous goods logistics market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of service type, and destination.
• Define and analysis of the regulatory framework for the hazardous goods logistics
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the hazardous goods logistics market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the hazardous goods logistics market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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