Market Overview:
The global cryogenic transport trailers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for liquefied natural gas (LNG) and liquefied petroleum gas (LPG) as a fuel source for transportation and industrial applications. In addition, the growing demand for cryogenic transport trailers in developing countries due to the expanding infrastructure and rising population is also contributing to the market growth. Based on type, the global cryogenic transport trailers market can be segmented into ≤30 ft and > 30 ft trailer segments. The ≤30 ft trailer segment is expected to account for a larger share of the global market in terms of revenue owing to its low cost and easy maneuverability. Based on application, the global cryogenic transport trailers market can be divided into truck and train segments.
Product Definition:
Cryogenic Transport Trailers are used to transport cryogenic products, which are gases or liquids that have been cooled to very low temperatures. The trailers keep the products at a consistent temperature and protect them from damage. This allows companies to transport these products long distances without having to worry about them warming up or becoming damaged.
≤30 ft:
It is the length of a football field, measured in terms of water-based (US Customary Units) or vacuum (Imperial units) units. It is used to measure the overall length and size of transport trailers and refrigerated trucks.
The term ≤30 ft is often used for describing any type of temperature-controlled transportation trailer or refrigerated truck that can carry frozen food products, pharmaceuticals, biological samples, etc.
> 30 ft:
The length of the trailers should be at least 30 feet and it is preferred to have a width of 60-80 feet. The longer trailers are more cost-effective as compared to shorter ones. Trailers with lengths between 40 - 50 ft are used for long hauls, whereas shorter ones (10 - 30 ft) are suitable for medium range transport.
The transportation of liquid nitrogen requires specific types of trailors, which have lengths greater than or equal to 30ft.
Application Insights:
The truck application segment led the global cryogenic transport trailer market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to an increase in demand for frozen food and beverages, which are transported across countries on a daily basis. Cryogenics involves low temperatures that preserve biological and chemical materials such as blood, organs, DNA samples, enzymes and vaccines by lowering their temperature below -196°C or 0°F. Thus, it has become necessary for healthcare professionals to preserve these materials during transportation or storage at sub-zero temperatures using liquid nitrogen tanks mounted on vehicles or trucks used for long journeys across countries with different climatic conditions.
Regional Analysis:
North America is expected to be the largest market for cryogenic transport trailers over the forecast period owing to increasing demand from industries, such as oil & gas and mining. In addition, growing need for transportation of gases at low temperature across various applications in this region is anticipated to propel industry growth.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to rising investments by various governments in developing infrastructure facilities such as airports and aerospace centers. In addition, rapid industrialization along with increasing population has led towards an increased demand for air travel which will further boost regional growth.
Growth Factors:
- Increasing demand for cryogenic products in the medical and healthcare sectors
- Growing popularity of cryotherapy as a treatment method
- Rising demand for transportation of perishable goods and food items
- Proliferation of e-commerce and cold chain logistics industries
- Technological advancements in cryogenic transport trailers
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogenic Transport Trailers Market Research Report
By Type
≤30 ft, > 30 ft
By Application
Truck, Train
By Companies
Chart Industries, FIBA Technologies, Inc., Cryolor, Cryogenic Industrial Solutions, Taylor-Wharton, Wessington Cryogenics, CIMC, Chart Industries
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Cryogenic Transport Trailers Market Report Segments:
The global Cryogenic Transport Trailers market is segmented on the basis of:
Types
≤30 ft, > 30 ft
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
Truck, Train
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:
- Chart Industries
- FIBA Technologies, Inc.
- Cryolor
- Cryogenic Industrial Solutions
- Taylor-Wharton
- Wessington Cryogenics
- CIMC
- Chart Industries
Highlights of The Cryogenic Transport Trailers 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:
- ≤30 ft
- > 30 ft
- By Application:
- Truck
- Train
- 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 Cryogenic Transport Trailers 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?
Cryogenic transport trailers are specially designed vehicles that use liquid nitrogen to maintain extremely low temperatures. This allows valuable cargo to be transported without the risk of damage or loss.
Some of the major companies in the cryogenic transport trailers market are Chart Industries, FIBA Technologies, Inc., Cryolor, Cryogenic Industrial Solutions, Taylor-Wharton, Wessington Cryogenics, CIMC, Chart Industries.
The cryogenic transport trailers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cryogenic Transport Trailers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cryogenic Transport Trailers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cryogenic Transport Trailers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cryogenic Transport Trailers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cryogenic Transport Trailers Market Size & Forecast, 2018-2028
4.5.1 Cryogenic Transport Trailers Market Size and Y-o-Y Growth
4.5.2 Cryogenic Transport Trailers Market Absolute $ Opportunity
Chapter 5 Global Cryogenic Transport Trailers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cryogenic Transport Trailers Market Size Forecast by Type
5.2.1 ≤30 ft
5.2.2 > 30 ft
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cryogenic Transport Trailers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cryogenic Transport Trailers Market Size Forecast by Applications
6.2.1 Truck
6.2.2 Train
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cryogenic Transport Trailers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cryogenic Transport Trailers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cryogenic Transport Trailers Analysis and Forecast
9.1 Introduction
9.2 North America Cryogenic Transport Trailers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cryogenic Transport Trailers Market Size Forecast by Type
9.6.1 ≤30 ft
9.6.2 > 30 ft
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cryogenic Transport Trailers Market Size Forecast by Applications
9.10.1 Truck
9.10.2 Train
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cryogenic Transport Trailers Analysis and Forecast
10.1 Introduction
10.2 Europe Cryogenic Transport Trailers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cryogenic Transport Trailers Market Size Forecast by Type
10.6.1 ≤30 ft
10.6.2 > 30 ft
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cryogenic Transport Trailers Market Size Forecast by Applications
10.10.1 Truck
10.10.2 Train
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cryogenic Transport Trailers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cryogenic Transport Trailers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cryogenic Transport Trailers Market Size Forecast by Type
11.6.1 ≤30 ft
11.6.2 > 30 ft
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cryogenic Transport Trailers Market Size Forecast by Applications
11.10.1 Truck
11.10.2 Train
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cryogenic Transport Trailers Analysis and Forecast
12.1 Introduction
12.2 Latin America Cryogenic Transport Trailers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cryogenic Transport Trailers Market Size Forecast by Type
12.6.1 ≤30 ft
12.6.2 > 30 ft
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cryogenic Transport Trailers Market Size Forecast by Applications
12.10.1 Truck
12.10.2 Train
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cryogenic Transport Trailers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cryogenic Transport Trailers Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cryogenic Transport Trailers Market Size Forecast by Type
13.6.1 ≤30 ft
13.6.2 > 30 ft
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cryogenic Transport Trailers Market Size Forecast by Applications
13.10.1 Truck
13.10.2 Train
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cryogenic Transport Trailers Market: Competitive Dashboard
14.2 Global Cryogenic Transport Trailers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chart Industries
14.3.2 FIBA Technologies, Inc.
14.3.3 Cryolor
14.3.4 Cryogenic Industrial Solutions
14.3.5 Taylor-Wharton
14.3.6 Wessington Cryogenics
14.3.7 CIMC
14.3.8 Chart Industries
