Tank Trailers Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[189+ Pages Report] According to the report published by Facts Factors, the global tank trailers market size was worth around USD 28 million in 2019 and is predicted to grow to around USD 42 million by 2026 with a compound annual growth rate (CAGR) of roughly 6% between 2020 and 2026. The report analyzes the global tank trailers 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 tank trailers market.

The tank trailers market report analyzes and notifies the industry statistics at the country level in order to acquire a thorough perspective of the entire tank trailers 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 (Units) and value (USD Million) from FY 2016 – 2026.

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

Key Insights from Primary Research

• According to the primary respondents, the GCC tank trailers market is set to grow annually at a rate of around 6%
• The market was valued at around USD 27 million, in 2019 and is projected to reach around USD 29 million, in 2026.
• In 2019, the “specialty trailers” category dominated the type segmentation and is estimated to maintain its dominance in the next few years as well.
• The “Liquefied gases” category of the application segment is expected to grow significantly in the upcoming years owing to the increasing use of tank trailers for liquid gas transportation.
• In the GCC countries, Saudi Arabia accounted for around 49% and is projected to grow at the fastest pace from 2020-2026.  

Key Recommendations from Analysts

• As per our analysts, the GCC tank trailers market is projected to grow at a significant rate in the next few years. The growing application of tank trailers in a large number of industries such as chemicals and gases.
• The increased demand from several end-user industries for chemicals, CO2 gases, and other products, has extended the logistical supply chains, supporting the demand for tank trailers.
• The rapid surge in the demand for tank trailers in the oil & gas industry is further projected to boost market growth.
• Growing at a CAGR of around 6%, the GCC tank trailers market provides several opportunities for raw material suppliers, manufacturers, and distributors across the GCC countries.
• Our analysts have identified the “liquefied gases” category as the major consumer of tank trailers.
• The key players in the tank trailers market are majorly focusing on producing lightweight trailers in line with changing regulations in the industry.

Tank Trailers Market Attractiveness – By Application

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 tank trailers 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 tank trailers industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the tank trailers 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 tank trailers industry. The tank trailers 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 tank trailers sector. Key strategic developments in the tank trailers 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 tank trailers market are appropriately highlighted in the report.

The increased demand from several end-user industries for chemicals, CO2 gases, and other products, has extended the logistical supply chains, supporting the demand for tank trailers. Moreover, the rising need for tank trailers in the gas industry in countries like Kuwait, Oman, and Saudi Arabia is further estimated to boost the GCC tank trailers market. Additionally, the rapid growth in chemical production in GCC countries has further propelled the demand for tank trailers.

Report Scope

The tank trailers market research report delivers an acute valuation and taxonomy of the tank trailers industry by practically splitting the market on the basis of different types, applications, and countries. 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.

The tank trailers market is segmented based on Type and Application.  On the basis of type segmentation, the market is classified into CO2 semi-trailers and specialty trailers. In terms of Application segmentation, the market is bifurcated into refrigerated gases, liquefied gases, chemicals, and others.

Some of the essential players operating in the tank trailers market are

•  Gorica
•  CDL Trailers
•  Al Mutlak Metal Industries
•  UEACO
•  ALMAJDOUIE Steel Industries
•  Al Rajhi Corporation
•  Juffali
•  Capital Manufacturing LLC
•  NAS Trailers
•  NEXA Trailers

The taxonomy of the tank trailers industry by its scope and segmentation is as follows:

By Type Segment Analysis

• CO2 Semi Trailer
• Specialty Trailers

By Application Segment Analysis

• Refrigerated Gases
• Liquefied Gases
• Chemicals
• Others

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa