Oil Storage Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[185+ Pages Report] According to the report published by Facts Factors, the global oil storage market size was worth around USD 2,700.0 million in 2019 and is predicted to grow to around USD 3,593.8 millionby 2026 with a compound annual growth rate (CAGR) of roughly 3% between 2020 and 2026. The report analyzes the global oil storage market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the oil storage market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Oil Storage industry. The report analyzes and declares the historical and current trends analysis of the Oil Storage industry and subsequently recommends the projected trends anticipated to be observed in the oil storage market during the upcoming years.

Key Insights from Primary Research

• As per our main respondents, the market for oil storage  is set to grow annually at a rate of around 3%
• It was recognized through primary research that the global oil storage market was valued at around USD 2,700.0 Million in 2019
• In terms of volume, the global Oil Storage market stood at around 123.0 Million Cubic Meters, in 2019
• Based on product segmentation, the “Crude Oil” category accounting for around 31% share, in 2019
• Based on storage segmentation, the “Floating Roof Tanks” category held the leading share at more than 38%, in 2019
• Based on reserve segmentation, the “Strategic” category held the leading share at more than 62%, in 2019.

Key Recommendations from Analysts

• Spain growing at a CAGR of around 4%, the oil storage market increasing the number of local players is estimated to enhance future demand.
• Germany and France are the major countries in Europe contributing to the overall market growth.
• Oil platforms frequently have an imperfect storing capacity, and even demands by transport tankers are required to escape stoppages as of size problems.
• The Pricing Strategy of the market is the Consumer prices depend on the value perception of the consumer in a particular segment.
• There are many environmental regulations across Europe for oil storage which a country has to comply

The oil storage market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire oil storage market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Million Cubic Meters) and value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the oil storage industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the oil storage industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the oil storage market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the oil storage industry. The oil storage market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the oil storage sector. Key strategic developments in the oil storage market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the oil storage market are appropriately highlighted in the report.

The oil storage can be a small distance of time as the oil can be conveyed for the enhancement process. In addition, oil storage deals with safety after some time quantity instabilities of crude oil and imitative. Additionally, a rise in oil production has suppliers to develop their inventories and organization to large quantities of oil.

Floating roof oil storage capacity determination witnesses an expansion above 4% by 2026. Rising demand on behalf of the storage of low and medium flashy point hydrocarbon connected products determination to the industry growth over the upcoming years. The capability to efficiently reduce the instable organic compound and drive further inspire the acceptance of these things above another alternative.

The oil storage market research report delivers an acute valuation and taxonomy of the oil storage industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the oil storage industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the oil storage industry is provided for the leading economies of the world.

The oil storage market is segmented based on the product, storage, and reserve. On the basis of product segmentation, the market is classified into gasoline, middle distillates, crude oil, aviation fuel, others. In terms of storage segmentation, the market is bifurcated into open-top tanks, floating roof tanks, fixed roof tanks, others. In terms of reserve segmentation, the market is bifurcated into strategic, commercial.

Some of the essential players operating in the oil storage market, but not restricted to include

•  TUFFA UK LIMITED
•  Royal Vopak
•  Marquard & Bahls AG
•  Haase Tank GmbH
•  CST Industries (A subsidiary of Solace Capital Partners )
•  Impel Group
•  Merkland Tank Limited
•  Zwanny Limited
•  Kersten Europe B.V.

The taxonomy of the oil storage market by its scope and segmentation is as follows:

By Product Segmentation Analysis

• Gasoline
• Middle Distillates
• Crude Oil
• Aviation Fuel
• Other

By Storage Segmentation Analysis

• Open Top Tanks
• Floating Roof Tanks
• Fixed Roof Tanks
• Other

By Reserve Segmentation Analysis

• Strategic
• Commercial

By Country Segmentation Analysis

• UK
• Spain
• Germany
• France
• Russia
• Rest of Europe