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US Hazardous Goods Logistics Market Size (2024 - 2029)

The United States hazardous goods logistics market is projected to experience steady growth, driven by the country's robust infrastructure and expanding oil trade. The market's expansion is supported by the presence of industry leaders and significant transportation via pipelines. Key states such as Texas, California, and Florida play a crucial role in the market, accounting for a substantial portion of hazardous goods shipments across various modes.

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Market Size of US Hazardous Goods Logistics Industry

hazardous goods logistics market
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 6.53 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

US Hazardous Goods Logistics Market Analysis

The United States hazardous goods logistics market is estimated to witness a steady growth over the forecast period, due to the presence of robust infrastructure and growing oil trade in the United States. The presence of industry leaders in the US hazardous goods logistics market provided a thrustto the market movement. Pipeline accounts for a large amount of transportation of hazardous goods in the United States.

  • The oil industry in the United States has recently saw an increase in capacity.The US oil production is expected to increase by 1.3 million barrels a day in 2019.
  • Texas, California, and Florida are among the major states accounting for the highest hazardous goods shipments by any mode.

US Hazardous Goods Logistics Industry Segmentation

The US hazardous goods logistics market is segmented by function and destination. The report also covers insights on the different classes of dangerous goods, regulations and rules governing transportation of hazardous goods, technology involved, and packaging of hazardous goods, among others.

BY FUNCTION
Transportation
Road
Rail
Water
Pipeline
Air
Warehousing and Distribution
Value-added Services (Packaging, Customs Clearance, Freight Brokerage, and Other Services)
BY DESTINATION
Domestic
International
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US Hazardous Goods Logistics Market Size Summary

The United States hazardous goods logistics market is poised for steady growth, driven by robust infrastructure and an expanding oil trade. The presence of industry leaders has significantly influenced market dynamics, with pipelines playing a crucial role in the transportation of hazardous materials. The shale oil boom, facilitated by advancements in hydraulic fracturing and supportive governmental policies, has positioned the United States as a leading international crude oil producer. This growth is further supported by the deregulation of environmental protection laws, which has spurred the oil and gas industry, including offshore drilling activities. As the United States continues to increase its oil and gas exports, the hazardous goods logistics market is expected to experience upward momentum.

The market landscape is characterized by a mix of local and international players, with major companies such as Deutsche Post DHL Group, FedEx Corporation, XPO Logistics, and Kuehne + Nagel holding significant market shares. The market's slightly fragmented nature suggests potential for strategic mergers and acquisitions, as key players seek to enhance their market position. The rail network's safety improvements, driven by substantial investments and the adoption of innovative technologies, have made railroads a safer option for transporting hazardous materials compared to trucks. This trend, along with the growth of oil and gas transportation, is likely to foster increased partnerships between logistics providers and oil and gas producers, further propelling market growth.

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US Hazardous Goods Logistics Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Brief on Dangerous Goods Classes

    3. 1.3 Review and Commentary on Goods Transport Regulations and Standards (Hazardous Materials Transportation Act (HMTA), International Air Transport Association Dangerous Goods Regulations (IATA DGR), etc.)

    4. 1.4 Focus on Key Stakeholders in Supply Chain (Freight Forwarders, Ground Handling Agents, Carriers, Advisers and Consultants, etc.)

    5. 1.5 Key Information - Documentation, Special Permissions, and Safety Checklists

    6. 1.6 Spotlight - Equipment and Accessories Associated with Transport of Dangerous Goods (Air, Sea, and Road)

    7. 1.7 Potential Risk Involved in Shipment of Hazardous Materials

    8. 1.8 Insights on Packaging

    9. 1.9 Technology Snapshot (Digitalization and Process Optimization and Management Software, e-Dangerous Goods Declaration (eDGD), etc.), Transport and Storage, and Equipment Manufacturing

  2. 2. MARKET SEGMENTATION

    1. 2.1 BY FUNCTION

      1. 2.1.1 Transportation

        1. 2.1.1.1 Road

        2. 2.1.1.2 Rail

        3. 2.1.1.3 Water

        4. 2.1.1.4 Pipeline

        5. 2.1.1.5 Air

      2. 2.1.2 Warehousing and Distribution

      3. 2.1.3 Value-added Services (Packaging, Customs Clearance, Freight Brokerage, and Other Services)

    2. 2.2 BY DESTINATION

      1. 2.2.1 Domestic

      2. 2.2.2 International

US Hazardous Goods Logistics Market Size FAQs

The US Hazardous Goods Logistics Market is projected to register a CAGR of 6.53% during the forecast period (2024-2029)

Deutsche Post DHL Group, FedEx Corporation, XPO Logistics, Kuehne + Nagel and DB Schenker (The Americas) are the major companies operating in the US Hazardous Goods Logistics Market.

US Hazardous Goods Logistics Market Report Snapshots

US Hazardous Goods Logistics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)