United States Hazardous Goods Logistics Market Insights Forecasts to 2033

• The Market is growing at a CAGR of 6.52% from 2023 to 2033
• The U.S. Hazardous Goods Logistics Market Size is Expected to Hold a Significant Share by 2033

The U.S. Hazardous Goods Logistics Market is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 6.52% from 2023 to 2033.

Market Overview

The transportation of dangerous materials such as oils, gas, chemicals, and radioactive substances, involves moving substances that pose a significant threat to the environment and/or human health, or that can cause harm to other materials and products. The transportation issue requires the implementation of appropriate measures to guarantee their safe passage. Transportation can take place by land, sea, rivers, railways, or even through the air. The hazardous goods logistics market in the United States is expected to experience a stable increase in the upcoming period, due to the strong infrastructure and rising oil trade in the country. The participation of top companies in the American hazardous goods transportation sector has driven market growth. Pipeline transportation is responsible for a significant portion of the movement of dangerous materials in the United States. Furthermore, the rise in need for handling hazardous waste to protect the environment is driving the development of the hazardous goods logistics industry. In 2019, the United States produced 34.9 million tons of hazardous waste, as reported by the Environmental Protection Agency (EPA), which was generated by 23,700 industries/generators.

Report Coverage

This research report categorizes the market for the US hazardous goods logistics market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States hazardous goods logistics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.S. hazardous goods logistics market.

Driving Factors

Stringent regulations for transporting and storing hazardous goods, increased digitization, growing use of drones for delivering hazardous goods, and expansion of the oil & gas industry are expected to drive growth in the global hazardous goods logistics market in the forecast period. Nevertheless, potential hazards related to the transportation and storage of dangerous goods, along with expensive transportation costs, are anticipated to impede the expansion of the worldwide market in the predicted timeframe. Furthermore, the hazardous goods logistics industry is anticipated to benefit from rising demand for medical waste management and a transition towards nuclear energy in the upcoming future.

Restraining Factors

Strict regulations at both national and international levels control the transportation of hazardous goods. Businesses involved in transporting hazardous materials must adhere to various safety, security, and environmental regulations, which can result in higher operational costs and complexity.

Market Segmentation

The US hazardous goods logistics market share is classified into component and vehicle.

• The sea segment is expected to hold a significant market share through the forecast period.

The United States hazardous goods logistics market is segmented by transportation mode into rail freight, air, sea, and road. Among these, the sea segment is expected to hold a significant market share through the forecast period. The increase in trade plays a big role in boosting the sea cargo industry in the market. Shipping goods by sea is the most economical option for moving large amounts of dangerous substances across extensive distances. With the growth of economies and the rise in international trade, there is a higher need for sea freight services.

• The domestic segment is expected to dominate the US hazardous goods logistics market during the projected period.

Based on the operation, the United States hazardous goods logistics market is divided into domestic and international. Among these, the domestic segment is expected to dominate the US hazardous goods logistics market during the projected period. Advanced logistics solutions are required for managing supply chains, particularly those that involve hazardous goods. It is crucial to have efficient collaboration between manufacturers, transporters, and regulatory bodies. Businesses incorporate tracking systems, oversee paperwork, and guarantee adherence to various regional regulations.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States hazardous goods logistics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Deutsche Post DHL Group
• FedEx Corporation
• XPO Logistics
• Kuehne + Nagel
• DB Schenker (The Americas)
• DSV
• United Parcel Service Inc.
• Schneider Logistics
• GEODIS
• APL Logistics
• Landstar System Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2024, PHMSA is revising the Hazardous Materials Regulations (HMR) to stay in line with global regulations and standards by incorporating several amendments, such as modifications to correct shipping names, hazard classifications, packing groups, special provisions, packaging approvals, air transport limits, and vessel stowage mandates.

Market Segment

This study forecasts revenue at U.S., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States Hazardous Goods Logistics Market based on the below-mentioned segments:

United States Hazardous Goods Logistics Market, By Transportation Mode

• Rail Freight
• Air
• Sea
• Road

United States Hazardous Goods Logistics Market, By Operation

• Domestic
• International