Dublin, July 15, 2021 (GLOBE NEWSWIRE) -- The "Bulk Liquid Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global bulk liquid market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest growing market for the bulk liquid ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Bulk Liquid market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider bulk liquid market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The bulk liquid market section of the report gives context. It compares the bulk liquid market with other segments of the bulk liquid market by size and growth, historic and forecast.
Major players in the bulk liquids trucking market are Tankstar USA, 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 from $43.86 billion in 2020 to $47.13 billion in 2021 at a compound annual growth rate (CAGR) of 7.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that 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 consists of sales of bulk liquids trucking services and related goods by entities (organizations, sole traders, and partnerships) that provide over-the-road transportation of bulk liquids. Only goods and services traded between entities or sold to end consumers are included.
Electronic Logging Devices (ELD) is increasingly being adopted by the trucking industry to regulate the working hours of the truck drivers. An electronic logging device is a technology used by drivers of commercial motor vehicles (CMVs) to automatically record driving time and Hours of service (HOS) records, capture data on the vehicle's engine, movement, and miles driven. Increased digitization and the use of telematics technology are also boosting growth in the market. The USA is among the early adopter of this technology and has mandated ELD for all commercial vehicles. As of December 2019, all vehicles are expected to be using ELDs to track hours of service in the USA. In June 2019, Canada has also announced mandating of ELD which will come into action in 2021.
The bulk liquids market covered in this report is segmented by liquid type into edible liquids; non-edible liquids and by end-use into chemical; dairy; beverages; others.
In December 2019, Heniff Transportation, a US-based liquid bulk transportation leader, acquired Superior Bulk Logistics for an undisclosed amount. This deal will help Heniff Transportation to develop a giant bulk carrier along with improved customer service capabilities. Superior Bulk Logistics is a US-based company leading in innovative bulk truck transportation and logistics services. It was founded in 1966.
Increasing production and consumption of chemicals drives the demand for bulk liquids transportation market. According to the American Chemical Council, tons of products are supplied to the chemicals industry through rail, truck, waterborne modes, and pipelines. In 2018, nearly 970 million tons of products were transported to the American chemical industry. Moreover, according to the Eurostat statistics released in November 2020, the production and consumption of hazardous chemicals in the EU stood at 222.6 million tons and 5 million tons in 2018. Therefore, high production and consumption of chemicals and related products are projected to generate high demand for bulk liquids trucking transportation and subsequently fueling the growth of the market.
The driver shortage is one of the major factors restricting the growth of the bulk liquid trucking market. According to the American Trucking Associations report of 2019, there is a need for 60,000 more commercial drivers to keep America's trucking industry moving. The report also suggests that the industry needs to hire an average of 110,000 drivers per year in order to meet both increasing demands for new truck drivers and to replace retiring drivers. The severe scarcity of drivers is negatively impacting the growth of the bulk liquid trucking market.
Key Topics Covered:
1. Executive Summary
2. Bulk Liquid Market Characteristics
3. Bulk Liquid Market Trends and Strategies
4. Impact of COVID-19 on Bulk Liquid
5. Bulk Liquid Market Size and Growth
5.1. Global Bulk Liquid Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Bulk Liquid Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Bulk Liquid Market Segmentation
7. Bulk Liquid Market Regional and Country Analysis
7.1. Global Bulk Liquid Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Bulk Liquid Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Bulk Liquid Market
9. China Bulk Liquid Market
10. India Bulk Liquid Market
11. Japan Bulk Liquid Market
12. Australia Bulk Liquid Market
13. Indonesia Bulk Liquid Market
14. South Korea Bulk Liquid Market
15. Western Europe Bulk Liquid Market
16. UK Bulk Liquid Market
17. Germany Bulk Liquid Market
18. France Bulk Liquid Market
19. Eastern Europe Bulk Liquid Market
20. Russia Bulk Liquid Market
21. North America Bulk Liquid Market
22. USA Bulk Liquid Market
23. South America Bulk Liquid Market
24. Brazil Bulk Liquid Market
25. Middle East Bulk Liquid Market
26. Africa Bulk Liquid Market
27. Bulk Liquid Market Competitive Landscape and Company Profiles
27.1. Bulk Liquid Market Competitive Landscape
27.2. Bulk Liquid Market Company Profiles
27.2.1. Tankstar USA
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Kenan Advantage Group, Inc
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Foodliner
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Quality Distribution
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Trimac Transportation Services
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
29. Key Mergers and Acquisitions in the Bulk Liquid Market
29. Bulk Liquid Market Future Outlook and Potential Analysis
30. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/bxtk3a