Jonathan Cartu Affirm: Multimodal Transportation Market for Chemical and Petroleum - Jonathan Cartu - Moving & Transportation Services
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Jonathan Cartu Affirm: Multimodal Transportation Market for Chemical and Petroleum

Business Wire

Jonathan Cartu Affirm: Multimodal Transportation Market for Chemical and Petroleum

Technavio has been monitoring the multimodal transportation market for chemical and petroleum industry in US and it is poised to grow by USD 480.14 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200928005544/en/

Technavio has announced its latest market research report titled Multimodal Transportation Market for Chemical and Petroleum Industry in US 2020-2024 (Graphic: Business Wire).

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by end-user, which is the leading segment in the market?

  • The chemical industry is expected to be the leading segment in the global market during the forecast period.

  • What are the major trends in the market?

  • Increasing growth in non-conventional oil production and refining capacity is one of the major trends in the market.

  • At what rate is the market projected to grow?

  • Growing at a CAGR of over 3%, the incremental growth of the market is anticipated to be USD 480.14 million.

  • Who are the top players in the market?

  • BDP International Inc., C.H. Robinson Worldwide Inc., Crowley Maritime Corp., Deutsche Post DHL Group, Kuehne + Nagel International AG, MARUBENI LOGISTICS Corp., Mitsubishi Logistics Corp., Schenker AG, Transport Maritime et Transit USA Inc., and YUSEN LOGISTICS Co. Ltd. are some of the major market participants.

  • What are the key market drivers and challenges?

  • Reduction in the freight transportation costs is one of the major factors driving the market. However, the adverse impact of port congestion on the service level agreements restraints the market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BDP International Inc., C.H. Robinson Worldwide Inc., Crowley Maritime Corp., Deutsche Post DHL Group, Kuehne + Nagel International AG, MARUBENI LOGISTICS Corp., Mitsubishi Logistics Corp., Schenker AG, Transport Maritime et Transit USA Inc., and YUSEN LOGISTICS Co. Ltd. are some of the major market participants. The reduction in the freight transportation costs will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Multimodal Transportation Market for Chemical and Petroleum Industry in US 2020-2024: Segmentation

Multimodal Transportation Market for Chemical and Petroleum Industry in US is segmented as below:

  • End-user

    • Chemical Industry

    • Petroleum Industry

  • Transportation Mode

    • Rail-road

    • Road-water

    • Road-air

    • Others

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44396

Multimodal Transportation Market for Chemical and Petroleum Industry in US 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The multimodal transportation market for chemical and petroleum industry in US report covers the following areas:

  • Multimodal Transportation Market Size for Chemical and Petroleum Industry in US

  • Multimodal Transportation Market Trends for Chemical and Petroleum Industry in US

  • Multimodal Transportation Market Analysis for Chemical and Petroleum Industry in US

This study identifies increasing growth in non-conventional oil production and refining capacity as one of the prime reasons driving the multimodal transportation market growth for chemical and petroleum industry in US during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Multimodal Transportation Market for Chemical and Petroleum Industry in US 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist multimodal transportation market growth for chemical and petroleum industry in US during the next five years

  • Estimation of the multimodal transportation market size for chemical and petroleum industry in US and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the multimodal transportation market for chemical and petroleum industry in US

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of…

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