Tanker Trucks Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028

Tanker Trucks Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028

The global tanker trucks market is expected to witness significant growth with increasing economic activities globally, increasing production and trade of oil and gas and chemical products are expected to drive the demand for tanker trucks market globally. The tanker trucks market worldwide is expected to reach US$ 1.63 Bn by 2028, growing at a CAGR of 5.2% from 2020 to 2028. Mandatory regulations related to loading and unloading of dangerous products such as petroleum, chemical, and other and periodic quality testing of tankers transporting dangerous products are expected to drive the demand for tanker trucks globally. In addition, the steadily recovering construction industry is also expected to support the growth of the tanker trucks market globally.

On the basis of capacity, the tanker trucks market is classified into low-duty tanker trucks, medium-duty tanker trucks, and heavy-duty tanker trucks. In the Medium-duty tanker trucks segment, we have considered tankers with a capacity between 1,000 gallons to 4,000 gallons. This type of tanker can either be operated as truck/trailer packages or as frame-carried. Medium duty truck tankers are used for the transportation of gas, fuel, and water. Medium duty trucks are accounted for the largest revenue as well as volume share compared to other types of truck categories by capacity and commonly used in 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 and construction industry.

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

 Bulk Feed Tank Trucks

 Coded Tank Truck

 Water Tank Truck

 Sewer Jetters

 Others

The report also includes market estimates in terms of both revenue (US$ Bn) and volume shipment (thousand units) for each productsegment. The report also includes cross-sectional market estimates at regional and country-level (e.g. North American market by product type and U.S. market by product type). This research study includes an in-depth analysis of the tanker trucks industry in the following regions and countries:

The research study on the tanker tanks 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 trucks market. The study also includes an exhaustive analysis of demand-supply, technology development, and pricing trends. High-level analysis such as an attractive proposition, competitive analysis, value chain and market attractive analysis included in the report helps industry players to identify key investment areas in this industry.

 North America

 U.S.

 Canada

 Europe

 U.K.

 Germany

 France

 Rest of Europe

 Asia Pacific

 China

 Japan

 India

 Rest of Asia Pacific

 Rest of the World

 Latin America

 Middle East and Africa

This study includes market historical market size of tanker trucks (2018 &2019), and forecast for the period 2020 – 2028 in terms of revenue. The global tanker trucks market comprises a large number of multinational players. The report includes profiles of major players in the global tanker trucks industry. Each profile includes detailed information about business overview, product portfolio related to tanker trucks, major competitors, recentdevelopments strategies and financials of the company for last three years. The report also includes detailed information regional positioning of these manufacturers. The report also provides highlights degree of competition and market winning strategies adopted by the key players to strengthen their market position in the global tanker trucks 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 following capacity of tanker trucks to estimate the overall market size:

 Bulk Feed Tank Trucks

 Coded Tank Truck

 Water Tank Truck

 Sewer Jetters

 Others

In terms of type, coded type of tanker trucks are commonly used fortransportation oil and gas and chemical-related products. This segment accounted for more than one third of revenue share in 2019 and is expected to maintain its dominating position through the forecast period 2020 – 2028. The segment is expected to maintain its dominating position in the near future with increasing demand from oil and gas industry and chemical industry as well as with introduction of advanced tankers to meet loading and unloading regulations.

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

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

 North America

 U.S.

 Canada

 Europe

 U.K.

 Germany

 France

 Rest of Europe

 Asia Pacific

 China

 Japan

 India

 Rest of Asia Pacific

 Rest of the World

 Latin America

 Middle East and Africa

In 2019, Asia Pacific accounted for the largest share, in terms of revenue and shipment of new trucks, of the global tanker trucks market. The region contributed to nearly 35% of the total market revenue generated worldwide, in 2019 The market for tanker trucks in the Asia Pacific is expected witness significant growth with the increasing trade of petroleum products in the region as well as with growing chemical industry in the region. North America is the second-largest regional market for tanker trucks followed by Europe. Stringent regulations for periodic testing of tankers and to improve the safety for transportation of dangerous oil and gas and chemical products is expected to support the growth of tanker trucks in North America and Europe. Improving outlook of construction industry also expected increase the demand for water tanker trucks globally.