Home / Automotive & Transportation / Oil Tank Trucks Market Growth, Future Prospects & Competitive Analysis, 2017-2025

Oil Tank Trucks Market Growth, Future Prospects & Competitive Analysis, 2017-2025

Overview:

Oil tank trucks are one of the most freely operated types of oil transportation method. They are the most preferred mode of oil transportation for less quantity and short distances. Moreover, they are also widely used to carry refined petroleum such as gasoline to distribution locations such as gas stations. Though in terms of storage capacity it is the most limited oil transportation method, however trucks offer the greatest flexibility in potential destinations, which makes it advantageous over railways in certain situations. For delivering refined petroleum and oil to their intended storage destinations, trucks often are the last step in the transport process.

One of the prime factors driving the growth of the oil tank trucks market is the less impact it has on the environment in instances of a spill. This is due to the fact that the loads are relatively small, on land and less likely to be detrimental to a body of water. While oil transportation through railways is considerably safer than trucks, however a single mishappening could lead to a disastrous impact. Moreover, trucks have a wider range of coverage as compared to any of the other modes of transportation, especially for areas which are remote. For instance, in the U.S., some shale plays are located in remote areas such as Bakken Shale in North Dakota or the Eagle Ford Shale in South Texas, where the available transportation options are limited. Moreover, the construction of pipelines is a time taking affair. This has resulted in many companies to truck oil to existing rail facilities or established pipelines.

The manufacturers of oil tank trucks are investing heavily on improving the fuel efficiency of their trucks. This strategy is helpful in addressing the competition in the market and increasing the sales. Moreover, this strategy has been successful in markets such as Indian subcontinent, where the consumers are price conscious. Manufacturer such as Tata Motors has introduced fuel efficient trucks in these markets in order to increase its presence. Another trend observed in the oil tank trucks market is the role that various solution provider companies are providing to the energy transportation fleets and oil companies to eliminate tank truck spills and accidents.

However, one of the challenges impacting the growth of the oil tank trucks market is growing concerns pertaining to environmental pollutions and vehicle emissions. Various countries have already implemented emission regulations in order to reduce the pollutant emissions from vehicles, specially from the commercial vehicles. This factor has resulted in the manufacturers of oil tank trucks to find alternative fuel options.

The global oil tank trucks market is segmented on the following bases:

  • Vehicle Type
    • Light Duty
    • Medium Duty
    • Heavy Duty
  • Material Type
    • Stainless Steel
    • Aluminum
  • Application
    • Crude Oil Transportation
    • Gasoline Transportation
    • Diesel Transportation
  • Geography
    • North America
      • The U.S.
      • Rest of North America
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • South Asia
      • Rest of APAC
    • Rest of the World (RoW)
      • The Middle East and Africa (MEA)
      • Latin America

Key Players Identified in the Long-distance Car Radar Market include but are not limited to:

Oilmen's Truck Tanks, Inc., China FAW Group Corporation, Isuzu Motors Ltd, Tata Motors Limited, Elliot Machine Works, Inc., Kenworth Truck Company, Inc. and among others.

Choose License Type
Connect With Us
+1-800-361-8290
24/7 Research Support

Credence Webinars

Join Credence analysts to explore the latest IT Trends

view upcoming webinars

Our Clients