Tank trailers Market

Tank trailers Market Highlights

The global tank trailers market is expected to cross a market size of USD 35.7 Billion by the end of 2033. The market size was valued at USD 25.7 Billion in 2023 and is expected to expand at a CAGR of 5.8% between 2024-2033.

• Over the mid-term, the rising demand from end use industries is the primary factor anticipated to drive the global tank trailers market.
• Reduced demand for oil and gas is a major factor to challenge the market growth.
• The Asia Pacific tank trailers market is projected to dominate the global market.

Tank trailers Market Outlook

A truck fitted out as a tanker is used to carry liquids such as oil, milk, or chemicals in bulk. It is easy to spot them on the open road due to their sleek, glistening tank. Fuel tank trailers are developed to hold liquids and dry materials for easy, safe transportation. They can transport a range of cargo, from milk to hazardous chemicals.

The increasing oil and gas, chemical, and food & beverage industries are fueling the demand for specialized tank trailers to transport liquids and gases in large volumes. This industry transports a diverse variety of specialty commodities such as heavy machinery, frozen food, vehicles, petroleum, gasoline, mineral ores, and toxic gases which are unable to transport by regular truck trailers. This industry is extremely vulnerable to changes in industrial output and consumer spending. followed by allied data. Kurt Willig GmbH & Co. KG, Kässbohrer Geländefahrzeug AG, Schmitz Cargobull,are some of the significant parties in the global market for tank trailers.

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Tank trailers Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the global tank trailers market are:

• Increasing urbanization and infrastructure: The expanding urbanization, manufacturing activities, and the need for effective transportation are enhancing market growth. Tank trailers are deployed generally on route options where rail or pipeline access is unavailable. The tank trailer market is predicted to develop due to the gradual recovery of the global construction industry and the expansion of healthcare infrastructure following the pandemic. Additionally, they are utilized to carry chemicals, especially hazardous compounds. Tank trailers are frequently used to transport risky materials, hence transporters must adhere to stricter laws and regulations. Hence the Expanding rural area road networks are also contributing to the market's expansion.
• Technological innovations:  Technological advancements that improve operational efficiency, safety, and sustainability in the market include better materials, aerodynamic designs, and the integration of telemetry systems. The tank trailer industry is developing as technology affects the design, weight, and composition of parts. Market players are striving to develop flexible components and parts that are robust and long-lasting, allowing vehicles to work efficiently.

Which Probable Factors Could Hamper the Growing Tank trailers Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of tank trailers are:

• Reduced demand for oil and gas: The declining demand for Oil and Gas due to factors like the shift towards renewable energy sources is expected to restrain the growth of the tank trailers market, as a significant portion of these trailers are used to transport petroleum and chemical products.
• Stringent regulations: Regulatory challenges governing the transportation of hazardous materials and the need to comply with safety standards can pose challenges and increase the costs associated with operating tank trailers.

How is the Global Tank trailers Market Segmented?

Our experts at KD Market Insights have segmented the global tank trailers market research report as:

What are the Probable Factors Influencing the Asia Pacific Tank trailers Market Forecast?

The Asia Pacific tank trailers market is majorly driven by The growing urbanization and rising population in countries like China and India are leading to a surge in demand for consumer goods, food, and beverages, which is driving the need for efficient transportation solutions like tank trailers to move these products from production centers to urban markets.

As per our analysts at KD Market Insights, the following five players lead the Asia Pacific tank trailers market growth:

• Shengli Oil & Gas Equipment
• Hino Motors
• CIMC
• Isuzu Motors
• Wabash National Corporation

Which Key Players Top the Global Tank trailers Market Share?

As per our analysts at KD Market Insights, the competitive landscape of global tank trailers market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with tank trailers market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global tank trailers market share:

• Kurt Willig GmbH & Co. KG
• Kässbohrer Geländefahrzeug AG
• Schmitz Cargobull
• Stokota nv
• Konzept- G GmbH
• Feldbinder
• Amthor International
• Crosstand
• NEXA Trailers
• MAC Trailer Manufacturing
• Tata Motors Limited
• Polar Tank Trailer, LLC
• Ford Motor Company
• Volvo Group

What are the Recent Developments Observed in the Tank trailers Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with global tank trailers market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, Engineered Transportation International (EnTrans) will exhibit a new 940 Two-Hopper dry bulk trailer at NTTC's Tank Truck Week in Houston. The 940 Two-Hopper trailer has a capacity of 940 cubic feet and is designed for small cube loads such as cement and sand. At 7,900 pounds, it saves 400 pounds over the similar Three-hopper, 1,040 cubic-foot trailer. The shell shape is based on EnTrans's tried-and-true jet-style barrel structural design.

Further, Trimac has announced a partnership with Innovative Fuel Systems Ltd., a Canadian cleantech business (IFS). This project, in collaboration with many other large trucking fleets, aims to further hydrogen fuel utilization in heavy-duty engines. IFS will try to employ a patent-pending retrofit dual-fuel technology known as the Multi-Fuel Technology Platform (MFTPTM) to deliver performance for heavy-duty fleets while lowering greenhouse gas (GHG) emissions.

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Tank trailers Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Type
      2. By Industry
      3. By Region
5. Market Segmentation by Type
   1. Light
   2. Medium
   3. Heavy
6. Market Segmentation by Industry
   1. Food & Beverage
   2.  dairy
   3. Construction
   4. Chemical
   5. Refined Fuel
   6. Agriculture
   7. Others
7. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Industry
8. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. Kurt Willig GmbH & Co. KG
      2. Kässbohrer Geländefahrzeug AG
      3. Schmitz Cargobull
      4. Stokota nv
      5. Konzept- G GmbH
      6. Feldbinder
      7. Amthor International
      8. Crosstand
      9. NEXA Trailers
      10. MAC Trailer Manufacturing
      11. Tata Motors Limited
      12. Polar Tank Trailer, LLC
      13. Ford Motor Company
      14. Volvo Group
9. Strategic Recommendations
10. Appendix
    1. List of Tables
    2. List of Figures
11. References