Market Overview:
The global LPG tank container market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LPG as a fuel source across the globe. Additionally, factors such as rising income levels and rapid industrialization are also contributing to the growth of this market. The global LPG tank container market is segmented on the basis of type, application, and region. On the basis of type, it is divided into 20ft, 40ft, and others segments. The 20ft segment dominates this market owing to its low cost and easy maneuverability. However, with technological advancements being made in this field regularly, there has been an increase in demand for 40ft tanks containers too over recent years due To their high storage capacity as compared To 20 ft tanks containers .On th e basis o f applicatio n , t he m arine transportation sector accounts for a major share Of th e glo bal lpg tan k conta i ner m arke t . This se ct or is expec ted t o gr ow at a CAGR Of 6 % du ri ng th e foreca st per iod .
Product Definition:
LPG Tank Container is a container that is specifically designed for the transport and storage of liquefied petroleum gas (LPG). LPG tank containers are an important part of the infrastructure for transporting and storing LPG.
20ft:
20ft is a unit of length used for measuring the height of liquid petroleum gas (LPG) storage tanks. It is derived from the American Petroleum Institute (API) standards as a convenient standard to measure LPG storage capacity. 20 feet is equivalent to 765 liters or 65 Imperial gallons, which are commonly used in residential and commercial applications for storing LPG.
40ft:
40ft is a unit of length measurement for liquid petroleum gas (LPG) containers. It is the most commonly used standard container size in the LPG market. The 40ft LPG tank container holds approximately 8,000 gallons of product and has a height ranging between 6-8 ft with an 18 inch diameter at the base.
Application Insights:
Land transportation is the major application segment of the global LPG tank container market. The land transportation segment accounted for a share of over 80% in 2017. Factors such as growing urbanization and rising disposable income are expected to drive demand for vehicles, thereby increasing demand for fuel tanks. Furthermore, government initiatives such as ¢â‚¬Å“UPSRBA¢â‚¬ Urban Programmes For Safer Roads & Bridges Across Bangladesh are aimed at improving road infrastructure across the country which is further likely to propel growth over the forecast period.
The marine transportation segment is projected to witness significant growth with a CAGR of XX% from 2018 to 2030 owing to factors such as growing offshore oil production and changing dynamics in trade patterns due to development in e-commerce sector globally.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of more than 30%. The region is expected to continue its dominance over the forecast period. This growth can be attributed to increasing number of gas pipelines from Russia, which passes through China, thus making it a key destination for LPG transportation across the globe. Moreover, growing population coupled with rising disposable income will also drive demand in this region.
Europe is anticipated to witness significant growth over the forecast period owing to increasing production facilities and rising adoption by industries such as food processing units and hotels for cooking purposes. North America has been witnessing steady demand since past few years on account of increased consumption by residential sector due to low prices offered by suppliers along with ease of availability at regular intervals throughout the year (every six months).
Growth Factors:
- Increasing demand for LPG as a fuel source in developing countries
- Growing popularity of LPG-powered vehicles
- Proliferation of LNG infrastructure and availability of low-cost natural gas
- Stringent environmental regulations favoring the use of cleaner fuels such as propane and butane
- Technological advancements that have made tank containers more efficient and reliable
Scope Of The Report
Report Attributes
Report Details
Report Title
LPG Tank Container Market Research Report
By Type
20ft, 40ft, Others
By Application
Land Transportation, Marine Transportation
By Companies
CIMC Enric (Jingmen Hongtu), NT Tank, KADATEC ltd, CRYOCAN, Uralcryomash, Bewellcn Shanghai, CHG Group, Yuchai Dongte Special Purpose Automobile Co.,Ltd, Hubei Qixing Group, Tianjin Sinogas Repower Energy Co., Ltd,
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global LPG Tank Container Market Report Segments:
The global LPG Tank Container market is segmented on the basis of:
Types
20ft, 40ft, Others
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
Land Transportation, Marine Transportation
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:
- CIMC Enric (Jingmen Hongtu)
- NT Tank
- KADATEC ltd
- CRYOCAN
- Uralcryomash
- Bewellcn Shanghai
- CHG Group
- Yuchai Dongte Special Purpose Automobile Co.,Ltd
- Hubei Qixing Group
- Tianjin Sinogas Repower Energy Co., Ltd,
Highlights of The LPG Tank Container 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:
- 20ft
- 40ft
- Others
- By Application:
- Land Transportation
- Marine Transportation
- 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 LPG Tank Container 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?
A LPG tank container is a metal or plastic cylinder that holds propane gas and is used to refill small appliances such as stoves, heaters, and lamps.
Some of the key players operating in the lpg tank container market are CIMC Enric (Jingmen Hongtu), NT Tank, KADATEC ltd, CRYOCAN, Uralcryomash, Bewellcn Shanghai, CHG Group, Yuchai Dongte Special Purpose Automobile Co.,Ltd, Hubei Qixing Group, Tianjin Sinogas Repower Energy Co., Ltd,.
The lpg tank container market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LPG Tank Container 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 LPG Tank Container Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LPG Tank Container 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 LPG Tank Container 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 LPG Tank Container Market Size & Forecast, 2018-2028
4.5.1 LPG Tank Container Market Size and Y-o-Y Growth
4.5.2 LPG Tank Container Market Absolute $ Opportunity
Chapter 5 Global LPG Tank Container 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 LPG Tank Container Market Size Forecast by Type
5.2.1 20ft
5.2.2 40ft
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LPG Tank Container 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 LPG Tank Container Market Size Forecast by Applications
6.2.1 Land Transportation
6.2.2 Marine Transportation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LPG Tank Container 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 LPG Tank Container 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 LPG Tank Container Analysis and Forecast
9.1 Introduction
9.2 North America LPG Tank Container 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 LPG Tank Container Market Size Forecast by Type
9.6.1 20ft
9.6.2 40ft
9.6.3 Others
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 LPG Tank Container Market Size Forecast by Applications
9.10.1 Land Transportation
9.10.2 Marine Transportation
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 LPG Tank Container Analysis and Forecast
10.1 Introduction
10.2 Europe LPG Tank Container 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 LPG Tank Container Market Size Forecast by Type
10.6.1 20ft
10.6.2 40ft
10.6.3 Others
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 LPG Tank Container Market Size Forecast by Applications
10.10.1 Land Transportation
10.10.2 Marine Transportation
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 LPG Tank Container Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LPG Tank Container 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 LPG Tank Container Market Size Forecast by Type
11.6.1 20ft
11.6.2 40ft
11.6.3 Others
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 LPG Tank Container Market Size Forecast by Applications
11.10.1 Land Transportation
11.10.2 Marine Transportation
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 LPG Tank Container Analysis and Forecast
12.1 Introduction
12.2 Latin America LPG Tank Container 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 LPG Tank Container Market Size Forecast by Type
12.6.1 20ft
12.6.2 40ft
12.6.3 Others
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 LPG Tank Container Market Size Forecast by Applications
12.10.1 Land Transportation
12.10.2 Marine Transportation
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) LPG Tank Container Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LPG Tank Container 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) LPG Tank Container Market Size Forecast by Type
13.6.1 20ft
13.6.2 40ft
13.6.3 Others
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) LPG Tank Container Market Size Forecast by Applications
13.10.1 Land Transportation
13.10.2 Marine Transportation
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 LPG Tank Container Market: Competitive Dashboard
14.2 Global LPG Tank Container Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CIMC Enric (Jingmen Hongtu)
14.3.2 NT Tank
14.3.3 KADATEC ltd
14.3.4 CRYOCAN
14.3.5 Uralcryomash
14.3.6 Bewellcn Shanghai
14.3.7 CHG Group
14.3.8 Yuchai Dongte Special Purpose Automobile Co.,Ltd
14.3.9 Hubei Qixing Group
14.3.10 Tianjin Sinogas Repower Energy Co., Ltd,
