Tube Trailer Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[187+ Pages Report] According to the report published by Facts Factors, the global tube trailer market size was worth around USD 502.9 million in 2019 and is predicted to grow to around USD 602.8 million by 2026 with a compound annual growth rate (CAGR) of roughly 3.61% between 2020 and 2026. The report analyzes the global tube trailer 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 tube-trailer market.

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

The tube trailer 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 tube trailer 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 volumes (Units) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research        

• As per our primary respondents, the global tube trailers market is set to grow annually at a CAGR rate of 3.61%. In 2019, the market accounted for USD 502.9 Million and is expected to reach at around USD 602.8 Million by 2026.
• On basis of product type segment, ‘jumbo tube trailers’ dominated the global tube trailers market in 2019. This segment will be the fastest-growing segment in the next few years.
• On basis of the application segment, ‘compressed natural gas storage’ is dominating the global tube trailers market in 2019. This segment will grow at a CAGR rate of 4.56% over the forecast period.
• As per our primary respondents, the Asia Pacific region dominated the global tube trailers market in 2019. It has been valued at USD 261.1 Million in 2019 and is anticipated to reach USD 331.5 Million by 2026. Moreover, this region is estimated to be the fastest-growing market in the next few years.
• It was established through primary research, FIBA Technologies, Inc., Weldship Corporation, and LUXI New Energy Equipment Group are the leading companies among other enterprises in 2019.

Key Recommendations from Analysts

• As per our analysts, the global tube trailer market is expected to grow significantly over the forecast period.
• As per analysts, the high cost of storing compressed gases is anticipated to deter market growth during the forecast period.
• As per our analysts, the implementation of decarbonization policies in various geographic economies is expected to drive the demand for the global tube-trailer market.
• The strategic and competitive advantage provided by the rapid urbanization trend is estimated to drive this market globally.
• Our team of analysts has identified, that Asia Pacific is expected to be the fastest-growing market over the projected years owing to rise in construction activities in this region.

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

The increasing utilization of natural gas in various industries including transportation, electricity generation, and industrial operations is significantly influencing the demand for gas storage and transport facilities in recent years. Storage facilities are necessarily required for managing natural gas supply in order to cater to the rising energy demand.

Moreover, favorable government regulations for low-carbon content fuels as compared to other fossil fuels are driving the market demand for natural gas worldwide. However, the high cost of storing compressed gas is expected to refrain market growth in upcoming years. Furthermore, rapid industrialization and infrastructure development in Asian Countries are anticipated to boost the demand for specialty chemicals and compressed natural gas products, which in turn, will rapidly accelerate the demand for tube trailers in forthcoming years.

The tube trailer market research report delivers an acute valuation and taxonomy of the tube trailer 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 tube trailer industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the tube trailer industry is provided for the leading economies of the world.

The global tube trailer market has been segmented into product types and applications. The product type has been segmented into jumbo tube trailers, standard tube trailers, and super jumbo tube trailers. The application has been bifurcated into specialty chemical transport and storage, compressed natural gas transport, and gas storage.

Some of the essential players operating in the global tube trailer market, but not restricted to include

•  FIBA Technologies Inc.
•  Weldship Corporation
•  City Machine & Welding Inc.
•  Western Sales & Testing of Amarillo Inc.
•  OVID SpA
•  Copper Tip Energy Services Inc

The taxonomy of the tube trailer industry by its scope and segmentation is as follows:

By Product Type Segmentation Analysis (Customizable)

• Standard
• Jumbo
• Super Jumbo

By Application Segmentation Analysis (Customizable)

• Speciality Chemicals Transport & Storage
• CNG Transport
• Gas Storage

Regional Segmentation Analysis (Customizable)

• 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 Middle East & Africa