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Tanker Trucks Market Truck Type (Bulk Feed Tank Trucks, Coded Tank Truck, Water Tank Truck, Sewer Jetters And Others) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2025

Tanker Trucks Market

The global tanker trucks market is expected to grow significantly as global economic conditions improve, with increased production and trade of oil, gas, and chemical products driving demand for tanker trucks globally. The global tanker truck market is expected to reach US$ 1.28 million by 2025, growing at a 5.5% CAGR from 2017 to 2025. Mandatory regulations related to the loading and unloading of dangerous products such as petroleum, chemicals, and others and periodic quality testing of tankers transporting dangerous products are expected to drive the demand for tanker trucks globally. In addition, a steadily recovering construction industry is also expected to support the growth of the tanker truck market globally.

On the basis of capacity, the tanker truck market is classified into low-duty tanker trucks, medium-duty tanker trucks, and heavy-duty tanker trucks. We considered tankers with capacities ranging from 1,000 gallons to 4,000 gallons in the medium-duty tanker truck segment. This tanker can be operated as a truck/trailer package or as a frame-carried tanker. Medium-duty truck tankers are used for the transportation of gas, fuel, and water. Medium-duty trucks account for the largest revenue as well as volume share compared to other types of truck categories by capacity and are commonly used in the oil and gas, chemical, and construction industries for transportation. The segment is also expected to witness the fastest growth with the increasing outlook of the oil and gas industry and the construction industry.

The report also evaluates the global tanker truck market on the basis of product type. The following types of tanker trucks are considered to estimate the overall market size of the tanker truck market:

  • Bulk feed tank trucks
  • Tank Truck with a Code
  • water tank truck
  • Sewer Jetters
  • Others

The report also includes market estimates for each product segment in terms of revenue (US$ Mn) and volume shipment (thousand units). The report also includes cross-sectional market estimates at the regional and country levels (for example, the North American market by product type and the United States market by product type). 

The research study on the tanker tank market identifies key market drivers, restraints, and opportunities in the global market. The report highlights current and future market trends in the global, regional, and country-specific tanker truck markets. The study also includes an exhaustive analysis of demand-supply relationships, technology development, and pricing trends. High-level analysis such as an attractive proposition, competitive analysis, value chain analysis, and market attractiveness analysis. This study includes tanker truck market size historical data (2015 and 2016) as well as a revenue forecast for the period 2017-2025.

The global tanker truck market comprises a large number of multinational players. The report includes profiles of major players in the global tanker truck industry. Each profile includes detailed information about the business overview, product portfolio related to tanker trucks, major competitors, recent developments, strategies, and financials of the company for the last three years. The report also includes detailed information on the regional positioning of these manufacturers. The report also discusses the level of competition and market-winning strategies used by key players to strengthen their market positions in the global tanker truck market. Some major players profiled in the global tanker truck market include Ford Motor Company, Polar Tank Trailer, LLC, Seneca Tank, Tremcar, Volvo Group, MAN Truck & Bus AG (Volkswagen), Mercedes (Daimler), Iveco, Hyundai Motor Company, Kenworth, Tata Motors Limited, Scania AB (Volkswagen), Freightliner Trucks (Daimler), Navistar International Corporation, and others.

We have considered the following capacities of tanker trucks to estimate the overall market size:

  • Bulk feed tank trucks
  • Tank Truck with a Code
  • water tank truck
  • Sewer Jetters
  • Others

In terms of type, coded-type tanker trucks are commonly used for the transportation of oil, gas, and chemically related products. This segment accounted for more than one-third of revenue share in 2016 and is expected to maintain its dominating position through the forecast period of 2017–2025. The segment is expected to maintain its dominating position in the near future with increasing demand from the oil and gas industry and chemical industry, as well as with the introduction of advanced tankers to meet loading and unloading regulations.

The global tanker truck market is classified into four major regions, i.e., North America, Europe, Asia Pacific, and the Rest of the World (RoW). The rest of the quantum sensor market is further classified into Latin America, the Middle East, and Africa.

In addition, we have covered the following major countries in each regional market:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

As of 2016, Asia Pacific accounted for the largest share, in terms of revenue and shipment of new trucks, of the global tanker truck market. The region contributed to nearly 35% of the total market revenue generated worldwide in 2016. The market for tanker trucks in the Asia Pacific is expected to witness significant growth with the increasing trade of petroleum products in the region as well as with the growing chemical industry in the region. North America is the second-largest regional market for pickup trucks, followed by Europe. Stringent regulations for periodic testing of tankers and to improve the safety of transportation of dangerous oil, gas, and chemical products are expected to support the growth of tanker trucks in North America and Europe. The improving outlook of the construction industry is also expected to increase the demand for water tanker trucks globally.

Frequently Asked Questions:

The market for Tanker Trucks Market is expected to reach US$ 1.28 Mn By 2025.

The Tanker Trucks Market is expected to see significant CAGR growth over the coming years, at 5.5%.

The report is forecasted from 2015-2025.

The base year of this report is 2014.

Polar Tank Trailer, LLC, Seneca Tank, Tremcar, Volvo Group, MAN Truck & Bus AG (Volkswagen), Mercedes (Daimler), Iveco, Hyundai Motor Company, Kenworth, Tata Motors Limited, Scania AB (Volkswagen), Freightliner Trucks (Daimler), Navistar International Corporation are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jul 2017
Category:  Automotive & Transportation
Report ID:   58585
Report Format:   PDF
Pages:   120
Rating:    4.7 (70)
Delivery Time: 24 Hours to 48 Hours   
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