Market Size of US Hazardous Goods Logistics Industry
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*Disclaimer: Major Players sorted in no particular order |
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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.