Market Overview:
The global oil tank trucks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into capacity below 3000 gallons, capacity 3000-6000 gallons, capacity 6000-10,000 gallons, capacity 10,000-15,000 gallons and capacity above 15000 gallons. Capacity below 3000 gallon oil tank trucks are expected to witness a higher growth rate as compared to other segments during the forecast period owing to their low cost and easy availability in developing countries such as India and China. On the basis of application, gasoline transport accounted for majority share in 2017 and is projected to maintain its dominance during the forecast period due To increasing demand for gasoline from transportation sector across globe.
Product Definition:
An oil tank truck is a vehicle designed to transport oils and other liquids. They are often used to transport fuel oils, gasoline, and other petroleum products.
Capacity Below 3000 gallons:
Capacity below 3000 gallons is used to define the total amount of fuel that can be carried in a regular gasoline tanker. The size of an oil tank truck largely depends on the capacity below which it can carry. For instance, if a regular gasoline tanker holds more than 70,000 gallons of fuel then it is considered as large whereas if it holds less than 30,000 gallons then it’s considered as small.
Capacity 3000-6000 gallons:
Capacity 3000-6000 gallons and it's usage in Oil Tank Trucks market is a response to the current oil transportation industry demand. It is also used by Chemical,Lube,and Grease industries. The global Capacity 3000-6000 gallons and it's usage in Oil Tank Trucks market size was valued at USD 817 million in 2015.
Application Insights:
The gasoline transport application segment led the global oil tank trucks market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for gasoline in automobiles across developed economies including U.S., Germany, France, UK and Italy due to stringent emission norms announced by these countries governments.
Diesel transport application segment accounted for a significant share of the global revenue in 2017 owing to rising demand from construction equipment manufacturers such as Caterpillar Inc., Deere & Co., and Kubota Corporation among others who cater to end-user markets primarily within Asia Pacific region which include Indonesia, China, India among others where agriculture and construction are major occupations respectively resulting into high consumption of diesel products globally with low sulfur content which is favorable for oil tank trucks used as transfer vessels between refineries along with their counterparts used onshore petroleum facilities or terminals that handle liquid hydrocarbons including crude oil & natural gas liquids (NGL).
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of prominent oilfield service companies in this region. The U.S., being a major petroleum producer, is also one of the largest consumers of these products across North America. Moreover, growing shale gas production and favorable government policies are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the coming years owing to increasing demand for fuel from developing countries such as China and India as well as other Southeast Asian nations that are among top 20 crude producers globally. In addition, rising investments by various governments across Asia Pacific regions coupled with increasing exploration activities for finding new reserves will boost product demand further driving its regional growth over next eight years till 2030 time frame).
Growth Factors:
- Increasing demand for oil tank trucks from the transportation and logistics sector as a result of growth in global trade.
- Rising demand for oil tank trucks from the construction and infrastructure sector due to increasing investments in these sectors.
- Growing demand for oil tank trucks from the mining and extraction sector due to increasing production of crude oil and natural gas worldwide.
- Technological advancements in truck design that improve fuel efficiency, resulting in lower operating costs for fleet operators, which is driving adoption of oil tank trucks globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Tank Trucks Market Research Report
By Type
Capacity Below 3000 gallons, Capacity 3000-6000 gallons, Capacity 6000-10,000 gallons, Capacity 10,000-15,000 gallons, Capacity Above 15,000 gallons
By Application
Gasoline Transport, Diesel Transport, Others
By Companies
OILMEN’S, Isuzu, Seneca Tank, Dongfeng, FAW, YATE, CHUFEI, Heli Shenhu, OILMEN’S
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Oil Tank Trucks Market Report Segments:
The global Oil Tank Trucks market is segmented on the basis of:
Types
Capacity Below 3000 gallons, Capacity 3000-6000 gallons, Capacity 6000-10,000 gallons, Capacity 10,000-15,000 gallons, Capacity Above 15,000 gallons
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
Gasoline Transport, Diesel Transport, Others
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:
- OILMEN’S
- Isuzu
- Seneca Tank
- Dongfeng
- FAW
- YATE
- CHUFEI
- Heli Shenhu
- OILMEN’S
Highlights of The Oil Tank Trucks 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:
- Capacity Below 3000 gallons
- Capacity 3000-6000 gallons
- Capacity 6000-10,000 gallons
- Capacity 10,000-15,000 gallons
- Capacity Above 15,000 gallons
- By Application:
- Gasoline Transport
- Diesel Transport
- Others
- 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 Oil Tank Trucks 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
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- Product & Brand Management
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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?
Oil tank trucks are large, heavy vehicles that transport oil and other liquids. They are typically used to move oil products from refineries to distribution centers or other storage facilities.
Some of the major players in the oil tank trucks market are OILMEN’S, Isuzu, Seneca Tank, Dongfeng, FAW, YATE, CHUFEI, Heli Shenhu, OILMEN’S.
The oil tank trucks 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 Oil Tank Trucks 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 Oil Tank Trucks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil Tank Trucks 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 Oil Tank Trucks 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 Oil Tank Trucks Market Size & Forecast, 2020-2028
4.5.1 Oil Tank Trucks Market Size and Y-o-Y Growth
4.5.2 Oil Tank Trucks Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Capacity Below 3000 gallons
5.2.2 Capacity 3000-6000 gallons
5.2.3 Capacity 6000-10
5.2.4 000 gallons
5.2.5 Capacity 10
5.2.6 000-15
5.2.7 000 gallons
5.2.8 Capacity Above 15
5.2.9 000 gallons
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Gasoline Transport
6.2.2 Diesel Transport
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil Tank Trucks 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 Oil Tank Trucks 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Capacity Below 3000 gallons
9.6.2 Capacity 3000-6000 gallons
9.6.3 Capacity 6000-10
9.6.4 000 gallons
9.6.5 Capacity 10
9.6.6 000-15
9.6.7 000 gallons
9.6.8 Capacity Above 15
9.6.9 000 gallons
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 Market Size Forecast by Applications
9.10.1 Gasoline Transport
9.10.2 Diesel Transport
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Capacity Below 3000 gallons
10.6.2 Capacity 3000-6000 gallons
10.6.3 Capacity 6000-10
10.6.4 000 gallons
10.6.5 Capacity 10
10.6.6 000-15
10.6.7 000 gallons
10.6.8 Capacity Above 15
10.6.9 000 gallons
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 Market Size Forecast by Applications
10.10.1 Gasoline Transport
10.10.2 Diesel Transport
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Capacity Below 3000 gallons
11.6.2 Capacity 3000-6000 gallons
11.6.3 Capacity 6000-10
11.6.4 000 gallons
11.6.5 Capacity 10
11.6.6 000-15
11.6.7 000 gallons
11.6.8 Capacity Above 15
11.6.9 000 gallons
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 Market Size Forecast by Applications
11.10.1 Gasoline Transport
11.10.2 Diesel Transport
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Capacity Below 3000 gallons
12.6.2 Capacity 3000-6000 gallons
12.6.3 Capacity 6000-10
12.6.4 000 gallons
12.6.5 Capacity 10
12.6.6 000-15
12.6.7 000 gallons
12.6.8 Capacity Above 15
12.6.9 000 gallons
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 Market Size Forecast by Applications
12.10.1 Gasoline Transport
12.10.2 Diesel Transport
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Capacity Below 3000 gallons
13.6.2 Capacity 3000-6000 gallons
13.6.3 Capacity 6000-10
13.6.4 000 gallons
13.6.5 Capacity 10
13.6.6 000-15
13.6.7 000 gallons
13.6.8 Capacity Above 15
13.6.9 000 gallons
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) Market Size Forecast by Applications
13.10.1 Gasoline Transport
13.10.2 Diesel Transport
13.10.3 Others
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 Oil Tank Trucks Market: Competitive Dashboard
14.2 Global Oil Tank Trucks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OILMEN’S
14.3.2 Isuzu
14.3.3 Seneca Tank
14.3.4 Dongfeng
14.3.5 FAW
14.3.6 YATE
14.3.7 CHUFEI
14.3.8 Heli Shenhu
14.3.9 OILMEN’S
