Contrive Datum Insights has published "Oil And Gas Storage And Transportation Market Size, Share & Industry Analysis, By Type (Pipe Lines, Marine Vessels & Platforms, Control & Instrumentation - Oil & Gas, Oilfield Tools), Application (Crude Oil, Refined Petroleum Products, Natural Gas, Liquefied Natural Gas), Storage type (Aboveground Storage Tanks, Underground / Cavern Storage, Floating Storage), Mode of transportation (Pipeline, Marine Tankers, Rail & Road Tankers), End user (National Oil Companies (NOCs), Independent E&P and Midstream Operators, Utilities & Distribution Companies), and Regional Forecast, 2026-2034". The study sizes the global oil and gas storage and transportation market at USD 68 billion in 2025 and projects growth from USD 71.2 billion in 2026 to USD 100.4 billion by 2034, a compound annual growth rate of 4.39% across the forecast period.
The oil and gas storage and transportation market covers the tanks, pipelines, marine vessels, terminals and associated instrumentation used to hold and move crude oil, refined petroleum products, natural gas and liquefied natural gas between production sites, processing facilities and end markets. It spans fixed infrastructure such as storage tanks, underground caverns and pipeline networks alongside mobile assets like tankers, barges and rail and road tank cars. Buyers include national and independent oil and gas producers, midstream operators, refiners, utilities and government strategic reserve agencies that need to store and transport hydrocarbons safely and reliably.
Rising global crude and refined product trade volumes
Rising global crude and refined product trade volumes is the largest single contributor to the market's growth over the forecast period, and the study rates its impact high. Against a market growing at 4.39% a year, the type lines exposed to it move fastest: Control & Instrumentation - Oil & Gas compounds at 6.52%, taking its share of revenue from 19.15% to 23% and its value from USD 13.02 billion to USD 23.09 billion.
The study also runs a bull case: bull case assumes faster LNG terminal buildout and sustained high seaborne crude and gas trade volumes, with no major disruption to pipeline capital spending. That path ends 2034 at USD 106.93 billion, above the USD 100.4 billion base case.
On the downside, bear case assumes an accelerated shift toward electrification and alternative fuels compresses refined-product and crude storage demand, while permitting delays slow new pipeline and terminal capacity, which would hold 2034 revenue to USD 93.87 billion. Pipe Lines, which carries 42.57% of 2025 revenue, already grows at only 3.67% against the market's 4.39%, so the largest part of the base is also its slowest.
Where the Competition Actually Sits
Competition in the global oil and gas storage and transportation market runs along the type axis, not the regional one. Pipe Lines holds 42.57% of 2025 revenue at USD 28.95 billion and remains the largest line through 2034 at 40%, making it the position hardest for a challenger to take. Control & Instrumentation - Oil & Gas, growing at 6.52%, is where share actually changes hands. A supplier established in one is not thereby established in the other, so a field of this size persists in a market of USD 68 billion.
Additional Findings
| Segment | Led 2025 by | Share & value | Fastest-growing |
|---|---|---|---|
| Application | Crude Oil | 45% · USD 30.6 billion | Liquefied Natural Gas 10.53% |
| Storage type | Aboveground Storage Tanks | 62% · USD 42.16 billion | Floating Storage 7.05% |
| Mode of transportation | Pipeline | 55% · USD 37.4 billion | Rail & Road Tankers 5.29% |
| End user | National Oil Companies (NOCs) | 48% · USD 32.64 billion | Utilities & Distribution Companies 5.89% |
- Based on regional analysis, Asia Pacific led the global oil and gas storage and transportation market in 2025 with 34.5% of global revenue at USD 23.46 billion, reaching USD 39.16 billion by 2034.
- Asia Pacific takes a rising share of global revenue over the forecast period, from 34.5% in 2025 to 39% in 2034, with revenue growing from USD 23.46 billion to USD 39.16 billion.
- Latin America remains the smallest region throughout, at 9.64% of 2025 revenue and 9% by 2034.
- Pipe Lines was the leading type line in 2025, taking 42.57% of revenue at USD 28.95 billion.
- Control & Instrumentation - Oil & Gas is projected to grow at 6.52% over the forecast period, the fastest of any type line.
- The United States is the largest single country market at USD 13.22 billion in 2025, 19.44% of global revenue.
Every year from 2020 to 2034 is reported, with revenue and growth for each line across five axes: by type, and by application, storage type, mode of transportation and end user. The headline total carries bear, base and bull cases at USD 93.87 billion and USD 106.93 billion by 2034. The study also breaks out all five regions to country level, sets out the competitive landscape, and documents the method behind every estimate. Available as a PDF, with a free sample on request.