Freight and Logistics Market – Key Manufacturers Business Strategies Report to 2030

NEW YORK, NEW YORK, USA, Feb. 13, 2022 /EINPresswire.com/ — The freight and logistics market is expected to reach USD 21.13 billion by 2030, registering a CAGR of 4% during the Forecast period (2022 – 2030), The market was valued at USD 14.85 Billion in 2021.

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Increase in global business activities in emerging economies, increase in trade related agreements as well as global logistics infrastructure and technological advancement in logistics industry for fast delivery and supply chain are key growth factors for the freight and logistics market. The global market is highly competitive with the presence of a huge number of market players, companies in the logistics industry are focusing on innovation in supply chain management and improving the delivery of merchandise.

For example, in October 2019, the FedEx Express package launched the first commercial drone delivery service to residences in the United States.

Recently, in 2019, the DHL Group invested almost $137 million in Cologne-Bonn Airport for new logistics. The new 15,000 m² logistics center is equipped with state-of-the-art sorting technology and an innovative heating and air conditioning system for the warehouse and offices. Additionally, DHL Group announced $2.2 billion in digitalization through 2025.

Major Key Players –

Dsv Global Transports and Logistics (Denmark)
Kuehne+ Nagel (Switzerland)
The Maersk Group (Germany)
Deutsche Post DHL (Germany)
DB Schenker Logistics (Germany)
CH Robinson (USA)
Panalpine (Switzerland)
United Parcel Service (USA)
FedEx Corp. (United States)
Walmart Group (USA)
Nippon Express (Japan)

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Industry News
In 2019, DHL Group invested approximately USD 137 million in Cologne-Bonn Airport for new logistics. The new 15,000 square meter logistics center featured state-of-the-art sorting technology and an innovative system to heat and cool the warehouse and offices. The DHL Group also announced USD 2.2 billion in digitization through 2025.

Global Freight and Logistics Market: Regional Analysis
The global freight and logistics market has been segmented, based on region, into Europe, North America, Middle East & Africa, Asia-Pacific, and South America. Asia-Pacific holds the largest market share in 2018 and is expected to maintain its dominance over the forecast period. The growth of the market is attributed to e-commerce and retail sector in emerging countries such as India, China and others. According to the Indian Brand Equity Foundation (IBEF), the e-commerce industry is growing at over 50% per year and will reach USD 200 billion by 2026. Europe is home to various multinational brands, such as Deutsche Post DHL Kuehne+ Nagel, The Maersk Group, DB Schenker Logistics, Dsv Global Transports and Logistics and Panalpina. Thus, this region holds the second largest market share in the global freight and logistics market.

The Storage Tank Market is expected to be worth USD 17
Storage Tank Market

The storage tank market is expected to be worth USD 17.72 billion, registering a CAGR of 4.25% during the forecast period (2022-2030).

NEW YORK, NEW YORK, USA, Feb. 4, 2022 /EINPresswire.com/ — The storage tank market is expected to be worth USD 17.72 billion by 2028, registering a CAGR of 4.25% during the forecast period (2022-2030). The market was valued at USD 13.12 billion in 2021.

Storage tanks are nothing but containers used to store liquid or semi-solid products such as petroleum products, chemicals, milk, water, and petrochemicals. They are available in different shapes such as vertical and horizontal cylindrical, open top and closed top, and flat bottom, conical bottom, angled bottom and flat bottom. There are two types of storage tanks: aboveground storage tanks (AST) and underground storage tanks (UST). ASTs can be used to store materials such as oil, waste, water, chemicals and other hazardous materials, while meeting strict industry standards and regulations. USTs are used to store petroleum or certain hazardous substances. These tanks are built in accordance with US Environmental Protection Agency (EPA) UST regulations, which came into effect from 2015 in India and states without state program approval.

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Top players –

Leading players operating in the global Storage Tanks Market are:

CST Industries (USA)
McDermott (USA)
PermianLide (USA)
Highland Tank & Manufacturing Company
Inc. (USA)
Fox Tank Company (USA)
TF Warren Group (Canada)
Superior Tank Co.
Inc. (USA)
TOYO KANETSU KK (Japan)
Ishii Iron Works Co.
Ltd (Japan)
Pfaudler (USA)
and MEKRO Sp. z oo (Poland).

The growth of the oil and gas industry, the increasing adoption of storage tanks to improve fuel economy, the increasing use of water in the industrial and commercial sector, the increasing adoption of water tanks polyethylene and increased replacement of aging chemical storage tanks are some of the major factors driving the global market.

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Market research analysis

In terms of region, the global storage tank market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. In 2018, Asia-Pacific held the largest global storage tank market share and is expected to register the highest growth rate during the forecast period. This can be attributed to the increase in manufacturing activities and the growth in disposable income in the region. However, Europe is expected to experience significant growth over the forecast period due to increasing petroleum product trading activities and storage volumes and stringent government regulations in the region.

In North America, the presence of key manufacturers, such as Highland Tank & Manufacturing Company, Inc., TF Warren Group and Fox Tank Company, in the United States and Canada, as well as strong government support for the development and advancement in the industrial sector are some of the factors that are expected to drive the growth of the market.

Industrial development and improving economic conditions in emerging countries in South America and the Middle East & Africa are expected to drive the growth of this market over the forecast period. Storage tank manufacturers in North America and Asia-Pacific are focusing on expanding their operations in the Middle East, Africa, and South America, which is also contributing to the growth of this market.

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Geographically, the global storage tank market has been segmented into four major regions: North America, Europe, Asia-Pacific, and Rest of the World. In 2018, Asia-Pacific held the largest share in the global storage tank market and is expected to grow at the highest rate over the forecast period. This can be attributed to the development of the manufacturing sector, the increase in population and the growing adoption of storage tanks in China and India due to the development of LNG transportation infrastructure, the growing demand for storage tanks water storage, plastic water tanks and the growth of the food and beverage industry. . Growing investments by manufacturers in emerging economies in the Middle East, Africa, and South America are also driving the growth of this market.

By type of installation
Above Ground Storage Tanks (AST)
Underground Storage Tanks (UST).

By product
Dangerous
Not dangerous

By material
Steel
Concrete
Polyethylene
Others

By regions
North America
Asia Pacific
Europe
Rest of the world

North America is expected to see significant growth due to growing shale gas production across the country and the growth of water storage reservoir maintenance service companies such as SUEZ and Maguire Iron in North America. North.

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Global freight and logistics market: segmentation
The global freight and logistics industry has been segmented based on type of shipment, service end-use industry, and region. By type of shipment, the global freight and logistics market has been segmented into airways, railways, roads and waterways. The waterways segment is expected to hold the largest market share and show the highest growth rate, which is attributed to growing cold chain logistics and growing demand for perishable foods. Based on service, the global freight and logistics market is segmented into inventory management, packaging, warehousing, transportation, distribution, customs clearance, and others. The warehousing segment holds the dominant share, this is attributed to the growing cold chain logistics infrastructure. Based on end-use industry, the market has been segmented into energy and utilities, trade and transportation, government and utilities, healthcare, manufacturing and construction, retail, media and entertainment, banking and finance, telecommunications and information technology, etc. . The manufacturing and construction segment holds the largest market share, which is attributed to the growth in imports and exports of electrical machinery and equipment, auto parts, medical devices and others.

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