Multimodal Transportation Market For Chemical And Petroleum Industry In US 2024-2028
The multimodal transportation market for chemical and petroleum industry in US is forecasted to grow by USD 1678.28 mn during 2023-2028, accelerating at a CAGR of 9.69% during the forecast period. The report on the multimodal transportation market for chemical and petroleum industry in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for growing petroleum production, ongoing investments in transportation infrastructure, and expansion of global trade in petroleum products.
Technavio's multimodal transportation market for chemical and petroleum industry in US is segmented as below:
By Mode Of Transportation
- Rail road
- Road water
- Road air
- Others
By End-user
- Chemical industry
- Petroleum industry
By Type
- Non-vessel operating MTOs
- Vessel operating MTOs
This study identifies the increasing integration of digital technologies and internet of things devices as one of the prime reasons driving the multimodal transportation market for chemical and petroleum industry in US growth during the next few years. Also, optimization of rail transportation for bulk cargo and growing popularity of geospatial intermodal freight transportation will lead to sizable demand in the market.
The report on the multimodal transportation market for chemical and petroleum industry in US covers the following areas:
- Multimodal transportation market for chemical and petroleum industry in US sizing
- Multimodal transportation market for chemical and petroleum industry in US forecast
- Multimodal transportation market for chemical and petroleum industry in US industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading multimodal transportation market for chemical and petroleum industry in US vendors that include AP Moller Maersk AS, BNSF Railway Co., C H Robinson Worldwide Inc., Crowley Maritime Corp., CSX Corp., DB Schenker, Deutsche Post AG, Expeditors International of Washington Inc., J B Hunt Transport Services Inc., Kuehne Nagel Management AG, Mitsubishi Chemical Group Corp., Penske Corp., PSA International Pte Ltd., Schneider National Inc., Union Pacific Corp., and XPO Inc.. Also, the multimodal transportation market for chemical and petroleum industry in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.