Oil Storage Terminal Global Market Outlook 2023-2030 menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The global oil storage terminal market is expected to rise during the forecast period owing to the rising demand for energy and increasing requirement of
The global oil storage terminal market size was USD 30.15 billion in 2021. The market is projected to grow USD 42.13 billion by 2029, at a CAGR of 4.4%.
Oil Storage Terminal Market Rising at 4 9% CAGR to Reach USD 37 52 Billion by 2027 Backed by Rapid Industrialization, states Fortune Business Insights™ benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
USD 37.52 billion by 2027 at a CAGR of 4.9% in the foreseeable future. This information is published by Fortune Business Insights™ in its report Oil Storage Terminal Market, 2020-2027 . The terminals for oil storage are crucial for the purpose of supplying oil across the globe. Economies that are majorly dependent on the surplus oil production for their income have such storage terminals. The increasing use of automobiles is expected to boost the demand for such terminals.
According to the annual US motor vehicle production and domestic sales report by the Bureau of Transportation statistics, the year 2019 experienced sales of 10134 units in commercial vehicles and 3544 in passenger ones.