"Catapult Your Business to Fore, Gain Competitive Advantage "

Tank Trailers Market Size, Share & Industry Analysis, By Type (Light, Medium, Heavy), By Industry (Food & Beverage, Dairy, Construction, Chemical, Refined Fuel, Agriculture, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105403 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Tank trailers are used to transport liquids and gas in large volumes. These trailers come in different models in order to cater to wide variety of liquid loads. The internal structure of the trailers also varies depending on the category of gas or liquid the trailers are intended to transport. The distinctive features of tank trailers comprises of the load type, tank shape, along with the size. Additional, factors that are variable in these trailers includes are pressurization capability, refrigeration capability, acid resistance, etc. Some models of these tank trailers are specifically designed to comply with regulations proposed by the country’s regulation on the transportation of liquid loads. Therefore, the structure of trailers will vary as per the countries. Having said that, the functionality of the trailers is the equivalent irrespective of the manufacturer. Further, the tanks are also categorised based on pressurized/ non-pressurized and insulated/ non-insulated.


Moreover, one of the most common type of tank trailers in the market is the refined fuel tank trailers. These trailers are used to move diesel oil, gasoline, benzene, etc. Also, these tank trailers are operated to transport some types of explosive and inflammable liquid. Diesel fuels and gasoline are used for standard vehicles such as cars, moped, motor bikes, along with other commercial vehicles. Therefore, most of these fuel trailers have supplementary compartments for additional loads. Correspondingly, tank trailers that are designed to carry single type of load has one compartment on the other hand, those trailers that carry multiple types loads have internal partitions.

For tank trailers, road transportation is the most applied mode for goods owed to the wide land connectivity of many regions along with the cost benefits it offers comparative to the other mode of transportations. In the coming years, increasing urbanization, manufacturing activities, need for effective transportation, and broadening rural area road networks are the major factors that are enhancing the market growth.

Up Arrow

Key Market Driver -

• Rising Capital Expenditure in the Cold Chain Industry • Increased Demand from End-use Industries

Down Arrow

Key Market Restraint -

• Declining Demand for Oil and Gas.


Key Players Covered:


Key players in the market have a prevailing presence in the market, owed to the quality of tanker trailers, good will, and brand name. Moreover, these players are expected to have substantial growth in their business owing to the increasing market presence in the developing economies and with variety of product offerings. Also, these brands have renowned presence in the global market and have majority of the market share.

Some of the key competitors in the tank trailers market includes Schmitz Cargobull, CIMC, Schwarzmüller Group, Kässbohrer Geländefahrzeug AG, Feldbinder, Wabash National Corporation, Kurt Willig GmbH & Co. KG, ALURA TRAILER, Konzept- G GmbH, Stokota nv, AMTHOR INTERNATIONAL & Welgro BV.

Regional Analysis


Asia Pacific is anticipated exhibit highest growth rate in the coming years. The tanker trailer market in the Asia Pacific is predominantly influenced with the increasing demand from petroleum products. China and India are anticipated to witness significant growth in the region. Asia Pacific substantiates to be a prominent region for the key players, owed to some of the untapped developing market. Hence, increasing investments done by the companies in the region to increase the market presence is also expected to enhance the market. Further, Europe are anticipated to exhibit moderate growth with minimal alterations in the demand and the market structure. Also, the major companies in the market are shifting their focus at emerging economies, thus the region is anticipated to exhibit minor changes in the coming years. North America is expected to hold a dominant share of the market and the U.S. is estimated to hold the largest tanker trailers market across the region. The refined fuel segment (gasoline, diesel, and aviation fuel) has the largest application segment for tanker trailers in North America and dominated the tank trailers freights. The trailers market is anticipated to witness significant growth with increasing expansion of the oil and gas and chemical industry. In addition, stringent rules & conventions in transportations and movement of hazardous chemicals and liquid are anticipated to enhance the demand for tanker trailers in the region.

Furthermore, Middle East & Africa and Latin America is anticipated to hold a stable growth. This is owed to the continuous demand for oil and gas in both the regions. Also, in the past years both these region have invested a lot in energy infrastructure, in order to boost the economy thereby enhanced focus on mining activities.

COVID-19 pandemic is estimated to severely impact the market, owed to the lockdown impacting global downfall of transportation and supply chain logistics network. Also, reduced commercial demand for oil and natural gas has led to declined transportation activities, which results in hampered demand for trailers. COVID-19 is wielding heavy downward pressure on the global tank trailers market. This can be seen as companies are laying of their employees, reducing their salaries along with reduced oil exploration and cut in operational activities.

To gain extensive insights into the market, Request for Customization


Segmentation






















  ATTRIBUTE

  DETAILS

By Type



  • Light

  • Medium

  • Heavy



By Industry



  • Food & Beverage

  • Dairy

  • Construction

  • Chemical

  • Refined Fuel

  • Agriculture

  • Others (Environmental, etc.)



By Region



  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (GCC, South Africa and Rest of Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)



Key Industry Developments



  • December 2020: Wabash National Corporation announced to sell the Beall brand of tank trailers and associated assets to MAC Trailer Enterprises Inc. As per the company the sell will optimize the asset efficiency and focus on growth efforts on markets with scalable opportunities.

  • August 2020: Bosselman Tank and Trailer completed the acquisition of Kersten Trailer Sales. The acquisition provides the opportunity to grow their business into the Denver area and expand its footprint into Colorado.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Machinery & Equipment Clients

Emerson
Lek
Saint Gobain
Krones
Daikin

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X