Lewes, DE -- (SBWIRE) -- 08/23/2016 -- Report forecast the global oil and gas logistics market to grow at a CAGR of 6.62% during the period 2016-2020.

Oil and gas companies work in complex and dynamic settings where they face continuous challenges, particularly in terms of supply and demand. With the ongoing oil prices at historic lows, it has become imperative for oil and gas companies to evaluate their supply chain and outsource their logistics and transportation activities to logistics firm for better procurement and cost savings. The oil and gas logistics is not just about focus on the product supply chains, but it also deals with the non-hydrocarbon supply chains, which include handling of the heavy equipment, spare parts, and other requisite materials and services required to run the oil and gas business. The delivery of the equipment and services is critical to find, extract, refine, and market the oil and gas. Procurement and supply chain involves huge costs and is set to be of critical importance for oil and gas companies, especially with the current (2015-2016) sliding of oil prices.

The report covers the present scenario and the growth prospects of the global oil and gas logistics market for 2016-2020. To calculate the market size, the report considers the evenue generated by third-party logistics for providing a full range of onshore and offshore services.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the key drivers for market growth will be surge in offshore oil and gas exploration and production activities. Exploration and production (E&P) activity is an upstream process in the oil and gas industry, which includes locating oil rigs, searching for oil and petrochemical products, underwater drilling for natural gas and crude oil fields, and operating subsea vessels. The vessel operators and owners of oil and gas fields work with various contractors such as engineering procurement and construction (EPC) contractors and oil rig companies for the procurement of underwater natural resources. In the Middle East and the US new shale oil fields have been discovered, which will lead many oil-producing companies to place their business there, thus increasing the demand for logistics services.

Further, the report states that high operational cost and competitive pricing will be a challenge for the market. The logistics market requires a capital-intensive infrastructure like a large fleet of vehicles and containers at ports, technology-equipped warehouses specialized for storing different kinds of products, and skilled workforce. The logistics service providers must control their operational costs to compete in the market. Thus, small-sized logistics companies, which generate low revenue from their business operations, have long breakeven periods because of high operating costs.

Global Oil and Gas Logistics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global oil and gas logistics market: Agility, BDP International, DB Schenker, Deutsche Post DHL, Kuehne + Nagel, and Neovia Logistics Services.

Other Prominent Vendors in the market are: ASCO, CEVA Logistics, CH Robinson, Expeditors International of Washington, GAC Logistics, Panalpina, Ryder Systems, and UPS Supply Chain.

Market driver
- Demand for contract logistics services
- For a full, detailed list, view our report

Market challenge
- Expected decline in upstream investments
- For a full, detailed list, view our report

Market trend
- Advances in technology to provide high-end logistics and supply chain solutions
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 58 pages and 33 Exhibit "Global Oil and Gas Logistics Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by transportation type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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