Tank Trailers Market Size, Share & Industry Analysis, By Type (Light, Medium, Heavy), By Industry (Food & Beverage, Dairy, Construction, Chemical, Refined Fuel, Agriculture, Others) And Regional Forecast, 2024-2032

Tank trailers are used to transport liquids and gas in large volumes. These trailers come in different models in order to cater to wide variety of liquid loads. The internal structure of the trailers also varies depending on the category of gas or liquid the trailers are intended to transport. The distinctive features of tank trailers comprises of the load type, tank shape, along with the size. Additional, factors that are variable in these trailers includes are pressurization capability, refrigeration capability, acid resistance, etc. Some models of these tank trailers are specifically designed to comply with regulations proposed by the country’s regulation on the transportation of liquid loads. Therefore, the structure of trailers will vary as per the countries. Having said that, the functionality of the trailers is the equivalent irrespective of the manufacturer. Further, the tanks are also categorised based on pressurized/ non-pressurized and insulated/ non-insulated.

Moreover, one of the most common type of tank trailers in the market is the refined fuel tank trailers. These trailers are used to move diesel oil, gasoline, benzene, etc. Also, these tank trailers are operated to transport some types of explosive and inflammable liquid. Diesel fuels and gasoline are used for standard vehicles such as cars, moped, motor bikes, along with other commercial vehicles. Therefore, most of these fuel trailers have supplementary compartments for additional loads. Correspondingly, tank trailers that are designed to carry single type of load has one compartment on the other hand, those trailers that carry multiple types loads have internal partitions.

For tank trailers, road transportation is the most applied mode for goods owed to the wide land connectivity of many regions along with the cost benefits it offers comparative to the other mode of transportations. In the coming years, increasing urbanization, manufacturing activities, need for effective transportation, and broadening rural area road networks are the major factors that are enhancing the market growth.

Key Players Covered:

Key players in the market have a prevailing presence in the market, owed to the quality of tanker trailers, good will, and brand name. Moreover, these players are expected to have substantial growth in their business owing to the increasing market presence in the developing economies and with variety of product offerings. Also, these brands have renowned presence in the global market and have majority of the market share.

Some of the key competitors in the tank trailers market includes Schmitz Cargobull, CIMC, Schwarzmüller Group, Kässbohrer Geländefahrzeug AG, Feldbinder, Wabash National Corporation, Kurt Willig GmbH & Co. KG, ALURA TRAILER, Konzept- G GmbH, Stokota nv, AMTHOR INTERNATIONAL & Welgro BV.

Regional Analysis

Asia Pacific is anticipated exhibit highest growth rate in the coming years. The tanker trailer market in the Asia Pacific is predominantly influenced with the increasing demand from petroleum products. China and India are anticipated to witness significant growth in the region. Asia Pacific substantiates to be a prominent region for the key players, owed to some of the untapped developing market. Hence, increasing investments done by the companies in the region to increase the market presence is also expected to enhance the market. Further, Europe are anticipated to exhibit moderate growth with minimal alterations in the demand and the market structure. Also, the major companies in the market are shifting their focus at emerging economies, thus the region is anticipated to exhibit minor changes in the coming years. North America is expected to hold a dominant share of the market and the U.S. is estimated to hold the largest tanker trailers market across the region. The refined fuel segment (gasoline, diesel, and aviation fuel) has the largest application segment for tanker trailers in North America and dominated the tank trailers freights. The trailers market is anticipated to witness significant growth with increasing expansion of the oil and gas and chemical industry. In addition, stringent rules & conventions in transportations and movement of hazardous chemicals and liquid are anticipated to enhance the demand for tanker trailers in the region.

Furthermore, Middle East & Africa and Latin America is anticipated to hold a stable growth. This is owed to the continuous demand for oil and gas in both the regions. Also, in the past years both these region have invested a lot in energy infrastructure, in order to boost the economy thereby enhanced focus on mining activities.

COVID-19 pandemic is estimated to severely impact the market, owed to the lockdown impacting global downfall of transportation and supply chain logistics network. Also, reduced commercial demand for oil and natural gas has led to declined transportation activities, which results in hampered demand for trailers. COVID-19 is wielding heavy downward pressure on the global tank trailers market. This can be seen as companies are laying of their employees, reducing their salaries along with reduced oil exploration and cut in operational activities.

Segmentation

Key Industry Developments

• December 2020: Wabash National Corporation announced to sell the Beall brand of tank trailers and associated assets to MAC Trailer Enterprises Inc. As per the company the sell will optimize the asset efficiency and focus on growth efforts on markets with scalable opportunities.


• August 2020: Bosselman Tank and Trailer completed the acquisition of Kersten Trailer Sales. The acquisition provides the opportunity to grow their business into the Denver area and expand its footprint into Colorado.