Market Overview:
The global fuel storage containers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fuel storage containers from various end-use industries, such as commercial, industrial, manufacturing, and agricultural. In addition, the growing awareness about safety and security concerns is also propelling the growth of this market. Based on type, the global fuel storage containers market can be segmented into horizontal fuel storage containers and vertical fuel storage containers. The horizontal fuel storage container segment is expected to account for a larger share of the global market than the vertical container segment during the forecast period. This can be attributed to its low cost and easy installation compared with vertical tanks. Based on application,the global Fuel Storage Containers Market can be divided into commercial applications; industrial applications; manufacturing applications; agricultural applications; and other applications including military & defense sector and marine sector .Commercial application held largest share in 2017 due high adoption rate by small business owners who want store gasoline or diesel for their generators or vehicles fleets .
Product Definition:
Fuel Storage Containers are tanks specifically designed to store fuel, such as gasoline and diesel. They are typically made of metal or plastic and have a capacity of anywhere from 5 to 10,000 gallons. Fuel Storage Containers help ensure that fuel is available when needed and can help protect it from weather conditions or theft.
Horizontal Fuel Storage Containers:
Horizontal fuel storage containers are used to store liquid or gaseous fuels in bulk quantities. They can be utilized for the stowage of flammable liquids and gases in vessels, trailers, tank cars, trucks and railcars among others. Horizontal fuel storage containers are fabricated from steel or other suitable materials.
Vertical Fuel Storage Containers:
Vertical fuel storage containers are used to store liquid or gaseous fuels such as LPG, petrol, diesel and kerosene. They can be utilized for the transportation of these products in bulk quantities. These containers are made available in different sizes depending upon the requirement which can hold a total quantity ranging from 1L to 10L.
Application Insights:
The manufacturing application segment led the global fuel storage containers market and accounted for more than 34.0% share of the overall revenue in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing industrialization and urbanization, especially in developing countries such as India, China, Brazil and South Africa.
The agricultural application segment is projected to register a CAGR of XX% from 2018 to 2030 owing to rising demand for long-term storage solutions by farmers storing petroleum products including diesel & petroliumdiesel oil (LDPO) & kerosene (KFO) in bulk quantities at their farms or rural areas across various regions globally including North America, Europe, Asia Pacific and Middle East & Africa.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing demand from end-use industries, such as manufacturing, power generation, and commercial sectors. China is projected to remain a key consumer due to its large industrial sector and rapid urbanization.
The European market was valued at USD X million in 2017 and is anticipated to witness steady growth over the forecast period on account of growing need for energy storage across various end-use sectors including manufacturing industry. Moreover, rising investments by governments in R&D activities pertaining fuel cells are expected drive regional growth during the forecast years.
North America accounted for more than 20% of global revenue share in 2017 owing with high penetration rate vertical fuel storage containers which have been widely adopted by manufacturers operating within numerous industries including food & beverage processing plant; pharmaceuticals; chemicals & petrochemicals; oil & gas exploration/production among others).
Growth Factors:
- Increasing demand for fuel storage containers from the transportation sector as a result of the growth in global trade and increasing number of vehicles on the road.
- The need for safe and secure storage of fuels to meet compliance regulations, especially in developed economies.
- Growing demand for fuel storage containers from the power generation sector as a result of increasing investment in renewable energy sources such as solar and wind power.
- Rapid growth in construction spending, especially across developing economies, which is expected to lead to an increase in demand for fuel storage containers used in construction projects.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fuel Storage Containers Market Research Report
By Type
Horizontal Fuel Storage Containers, Vertical Fuel Storage Containers
By Application
Commercial, Industrial, Manufacturing, Agricultural
By Companies
Western Global, Southern Tank, Meridian Manufacturing, Scepter, Equipco, AGI Company, Safe-T-Tank Corp, Continental Industry
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Fuel Storage Containers Market Report Segments:
The global Fuel Storage Containers market is segmented on the basis of:
Types
Horizontal Fuel Storage Containers, Vertical Fuel Storage Containers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Industrial, Manufacturing, Agricultural
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Western Global
- Southern Tank
- Meridian Manufacturing
- Scepter
- Equipco
- AGI Company
- Safe-T-Tank Corp
- Continental Industry
Highlights of The Fuel Storage Containers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Horizontal Fuel Storage Containers
- Vertical Fuel Storage Containers
- By Application:
- Commercial
- Industrial
- Manufacturing
- Agricultural
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fuel Storage Containers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fuel storage containers are used to store gasoline, diesel, and other fuels.
Some of the major companies in the fuel storage containers market are Western Global, Southern Tank, Meridian Manufacturing, Scepter, Equipco, AGI Company, Safe-T-Tank Corp, Continental Industry.
The fuel storage containers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fuel Storage Containers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fuel Storage Containers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fuel Storage Containers Market - Supply Chain
4.5. Global Fuel Storage Containers Market Forecast
4.5.1. Fuel Storage Containers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fuel Storage Containers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fuel Storage Containers Market Absolute $ Opportunity
5. Global Fuel Storage Containers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fuel Storage Containers Market Size and Volume Forecast by Type
5.3.1. Horizontal Fuel Storage Containers
5.3.2. Vertical Fuel Storage Containers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fuel Storage Containers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fuel Storage Containers Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Industrial
6.3.3. Manufacturing
6.3.4. Agricultural
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fuel Storage Containers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fuel Storage Containers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fuel Storage Containers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fuel Storage Containers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fuel Storage Containers Demand Share Forecast, 2019-2026
9. North America Fuel Storage Containers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fuel Storage Containers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fuel Storage Containers Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Industrial
9.4.3. Manufacturing
9.4.4. Agricultural
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fuel Storage Containers Market Size and Volume Forecast by Type
9.7.1. Horizontal Fuel Storage Containers
9.7.2. Vertical Fuel Storage Containers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fuel Storage Containers Demand Share Forecast, 2019-2026
10. Latin America Fuel Storage Containers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fuel Storage Containers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fuel Storage Containers Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Industrial
10.4.3. Manufacturing
10.4.4. Agricultural
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fuel Storage Containers Market Size and Volume Forecast by Type
10.7.1. Horizontal Fuel Storage Containers
10.7.2. Vertical Fuel Storage Containers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fuel Storage Containers Demand Share Forecast, 2019-2026
11. Europe Fuel Storage Containers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fuel Storage Containers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fuel Storage Containers Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Industrial
11.4.3. Manufacturing
11.4.4. Agricultural
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fuel Storage Containers Market Size and Volume Forecast by Type
11.7.1. Horizontal Fuel Storage Containers
11.7.2. Vertical Fuel Storage Containers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fuel Storage Containers Demand Share, 2019-2026
12. Asia Pacific Fuel Storage Containers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fuel Storage Containers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fuel Storage Containers Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Industrial
12.4.3. Manufacturing
12.4.4. Agricultural
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fuel Storage Containers Market Size and Volume Forecast by Type
12.7.1. Horizontal Fuel Storage Containers
12.7.2. Vertical Fuel Storage Containers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fuel Storage Containers Demand Share, 2019-2026
13. Middle East & Africa Fuel Storage Containers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fuel Storage Containers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fuel Storage Containers Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Industrial
13.4.3. Manufacturing
13.4.4. Agricultural
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fuel Storage Containers Market Size and Volume Forecast by Type
13.7.1. Horizontal Fuel Storage Containers
13.7.2. Vertical Fuel Storage Containers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fuel Storage Containers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fuel Storage Containers Market: Market Share Analysis
14.2. Fuel Storage Containers Distributors and Customers
14.3. Fuel Storage Containers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Western Global
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Southern Tank
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Meridian Manufacturing
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Scepter
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Equipco
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AGI Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Safe-T-Tank Corp
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Continental Industry
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
