Global Bulk Liquids Industry Worldwide to 2030
DUBLIN, July 15, 2021 / PRNewswire / – The “Global Bulk Liquids Market Report 2021: Impact of COVID-19 and Recovery to 2030” report was added to ResearchAndMarkets.com offer.
This report provides strategists, marketers and senior management with the critical information they need to assess the global Bulk Liquids market exiting the COVID-19 shutdown.
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Where is the largest and most dynamic market for bulk liquid? How does the market relate to the overall economy, demographics, and other similar markets? What forces will shape the market in the future? The global Bulk Liquids market report answers all of these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market share, trends and strategies for this market. It traces the historical and forecast growth of the market by geography. It places the market in the context of the larger bulk liquids market and compares it to other markets.
The Market Characteristics section of the report defines and explains the market.
The market size section gives the market size (in billions of dollars) covering both the historical growth of the market, the impact of the COVID-19 virus and the forecast of its recovery.
Market segmentations break down the market into submarkets.
The regional and country breakdowns section gives an analysis of the market within each geography and market size by geography and compares their historical and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, major developed countries and major emerging markets.
The competitive landscape gives a description of the competitive nature of the market, market shares and a description of the main companies. The main financial transactions that have shaped the market in recent years are identified.
The Trends and Strategies section analyzes the shape of the market emerging from the crisis and suggests how companies can grow as the market recovers.
The Bulk Liquids Market section of the report provides background. It compares the Bulk Liquids market with other segments of the Bulk Liquids market by size and growth, history and forecast.
The major players in the bulk liquids trucking market are Tankstar United States, Kenan Advantage Group, Inc, Foodliner, Quality Distribution, Trimac Transportation Services, Heniff Transportation Systems, A&R Logistics, Superior Bulk Logistics, Groendyke Transport and Ruan.
The global bulk liquids market is expected to grow by $ 43.86 billion in 2020 at $ 47.13 billion in 2021 at a compound annual growth rate (CAGR) of 7.5%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 60.82 billion in 2025 at a CAGR of 6.6%.
The bulk liquids trucking market includes the sales of bulk liquids trucking services and related products by entities (organizations, independent traders and partnerships) that provide road transport of bulk liquids. Only goods and services traded between entities or sold to final consumers are included.
Electronic recording devices (ELDs) are increasingly adopted by the trucking industry to regulate the hours of work of truck drivers. An electronic recording device is a technology used by commercial vehicle operators (VMC) to automatically record driving time and hours of service (HOS), capture data about the vehicle’s engine, movement and kilometers traveled . Increased digitization and the use of telematics technology is also driving the growth of the market. the United States is among the first to adopt this technology and has mandated ELD for all commercial vehicles. From December 2019, all vehicles should use ELDs to track hours of service in the United States. In June 2019, Canada also announced ELD’s mandate which will take effect in 2021.
The Bulk Liquids market covered in this report is segmented by Liquid Into Edible Liquids Type; inedible liquids and by end use in chemicals; dairy; beverages; other.
In December 2019, Heniff Transportation, a US leader in liquid bulk transportation, has acquired Superior Bulk Logistics for an undisclosed amount. This agreement will help Heniff Transportation develop a giant bulk carrier as well as improve customer service capabilities. Superior Bulk Logistics is a United States-based company, a leader in innovative bulk truck transportation and logistics services. It was founded in 1966.
The increase in the production and consumption of chemicals is driving the demand for the bulk liquids transportation market. According to the American Chemical Council, tons of products are supplied to the chemical industry by rail, trucks, water modes and pipelines. In 2018, nearly 970 million tonnes of products were shipped to the US chemical industry. Moreover, according to Eurostat statistics published in november 2020, the production and consumption of hazardous chemicals in the EU amounted to 222.6 million tonnes and 5 million tonnes in 2018. Therefore, the high production and consumption of chemicals and related products is expected to generate strong demand for bulk liquids transport by truck and subsequently fuel the growth of the market.
The shortage of drivers is one of the major factors limiting the growth of the bulk liquids trucking market. According to the 2019 American Trucking Associations report, it would take an additional 60,000 commercial drivers for the U.S. trucking industry to continue operating. The report also suggests that the industry needs to hire an average of 110,000 drivers per year in order to meet both the growing demand for new truck drivers and to replace retiring drivers. The severe shortage of drivers is negatively impacting the growth of the bulk liquids trucking market.
Main topics covered:
2. Characteristics of the bulk liquids market
3. Bulk Liquids Market Trends and Strategies
4. Impact of COVID-19 on bulk liquids
5. Size and Growth of Bulk Liquids Market
5.1. Global Bulk Liquids Historical Market, 2015-2020, in USD Billion
5.1.1. Market drivers
5.1.2. Market constraints
5.2. Global Bulk Liquids Forecast Market, 2020-2025F, 2030F, in USD Billion
5.2.1. Market drivers
5.2.2. Market constraints
6. Bulk liquids market segmentation
7. Regional and Country Analysis of Bulk Liquids Market
7.1. Global bulk liquids market, divided by region, historical and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion
7.2. Global bulk liquids market, divided by country, historical and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion
8. Asia-Pacific Bulk Liquids Market
9. China bulk liquids market
10. India Bulk Liquids Market
11. Bulk liquids market in Japan
12. Australian Bulk Liquids Market
13. Indonesian Bulk Liquids Market
14. South Korea bulk liquids market
15. Western European Bulk Liquids Market
16. UK Bulk Liquids Market
17. Bulk liquids market in Germany
18. Bulk liquids market in France
19. Eastern European Bulk Liquids Market
20. Bulk liquids market in Russia
21. North America Bulk Liquids Market
22. United States Bulk Liquids Market
23. South America Bulk Liquids Market
24. Bulk liquids market in Brazil
25. Middle East Bulk Liquids Market
26. Bulk liquids market in Africa
27. Bulk Liquids Market Competitive Landscape and Company Profiles
27.1. Competitive Landscape of the Bulk Liquids Market
27.2. Bulk Liquids Market Company Profiles
27.2.1. Tankstar United States
126.96.36.199. Products and services
188.8.131.52. Financial performance
27.2.2. Kenan Advantage Group, Inc
184.108.40.206. Products and services
220.127.116.11. Financial performance
18.104.22.168. Products and services
22.214.171.124. Financial performance
27.2.4. Quality distribution
126.96.36.199. Products and services
188.8.131.52. Financial performance
27.2.5. Trimac transport services
184.108.40.206. Products and services
220.127.116.11. Financial performance
29. Key mergers and acquisitions in the bulk liquids market
29. Future Prospects of Bulk Liquids Market and Potential Analysis
For more information on this report, visit https://www.researchandmarkets.com/r/swfdmy
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