Market Overview:
Railway tank cars are used to transport various types of liquids and gases. The global railway tank car market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into pressurized tank car and non-pressurized tank car. Non-pressurized railway tanks are further classified into open top tanks and covered tanks. On the basis of application, the market is segregated into gas transportation, liquid transportation (petroleum products), chemical products, foodstuff & beverages product transportation etc. The geographical analysis covers North America (U.S., Canada), Latin America (Mexico), Europe (Germany, U.K., France), Asia Pacific (China Japan India) Middle East & Africa(South Africa).
Product Definition:
A railway tank car is a railroad freight car designed to transport liquids or gases in bulk. Railway tank cars are distinguished from other types of freight cars by their large size and the tanks that protrude below the body of the car.
Pressurized Tank Car:
Pressurized tank car, also known as railway tank car or RTCC (Railway Tank Car), is a type of rail-mounted tanker used to carry fuel oil and other liquids in bulk quantities. They are most commonly found in North America and Asia Pacific regions. The global pressurized tank car market size was valued at USD 3,69 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Non-pressurized Tank Car:
Non-pressurized tank car is a railway vehicle used to transport bulk solids, liquids or gases in wagons of 20, 40, 60 or 80 tons capacity. These cars are designed and built for carrying hazardous goods including flammable liquids and gases at an ambient temperature of -20°C to +50°C. They have no heaters inside the car; instead the dangerous goods are insulated with cold packs that create a vacuum between them and the load.
Application Insights:
Based on the application, the market has been segmented into liquid, gas and other. The liquid segment dominated the overall industry in terms of revenue in 2017. Increasing demand for crude oil from emerging economies such as India and China is expected to drive growth over the forecast period.
The railway tank car is primarily used to transport flammable liquids including LPG, gasoline and diesel fuel among others. Growing demand for these products from residential as well as commercial sectors across various countries such as Germany, U.S., China Japan are anticipated to boost growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing investments in expanding and improving rail infrastructure. Furthermore, rising demand for crude oil & products from emerging economies such as China, India, Indonesia and Thailand is anticipated to drive regional product demand over the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to high penetration rates of tank cars used for carrying liquefied petroleum gases (LPG) or other gaseous commodities such as propane or butane across various parts of Europe especially within Germany, France and U.K., which are some of the major markets fueling regional growth during 2018-2030 periods.
Growth Factors:
- Increasing demand for railway tank cars from the oil and gas industry as a result of the growth in shale gas production
- The increasing demand for railway tank cars from the chemical industry to transport hazardous and non-hazardous chemicals
- The increasing demand for railway tank cars from food and beverage companies to transport liquids, such as juices, milk, and water
- The increasing use of double-hulled railway tank cars to reduce the risk of product spills during transportation
- The growing popularity of rail transportation as an environmentally friendly alternative to trucking
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Tank Car Market Research Report
By Type
Pressurized Tank Car, Non-pressurized Tank Car
By Application
Gas, Liquid, Others
By Companies
Trinity Industries, Greenbrier, National Steel Car, Union Tank Car, American Railcar Industries, TrinityRail Products, GATX Corporation, American-Rails, Vertex Railcar, Chongqing ChagnZheng Heavy Industry, CRRC
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
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Railway Tank Car Market Report Segments:
The global Railway Tank Car market is segmented on the basis of:
Types
Pressurized Tank Car, Non-pressurized Tank Car
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
Gas, Liquid, 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:
- Trinity Industries
- Greenbrier
- National Steel Car
- Union Tank Car
- American Railcar Industries
- TrinityRail Products
- GATX Corporation
- American-Rails
- Vertex Railcar
- Chongqing ChagnZheng Heavy Industry
- CRRC
Highlights of The Railway Tank Car 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:
- Pressurized Tank Car
- Non-pressurized Tank Car
- By Application:
- Gas
- Liquid
- 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 Railway Tank Car 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?
Railway tank car is a type of railway freight car that is used to transport liquids, such as oil or gasoline.
Some of the major players in the railway tank car market are Trinity Industries, Greenbrier, National Steel Car, Union Tank Car, American Railcar Industries, TrinityRail Products, GATX Corporation, American-Rails, Vertex Railcar, Chongqing ChagnZheng Heavy Industry, CRRC.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Railway Tank Car 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 Railway Tank Car Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railway Tank Car 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 Railway Tank Car 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 Railway Tank Car Market Size & Forecast, 2018-2028
4.5.1 Railway Tank Car Market Size and Y-o-Y Growth
4.5.2 Railway Tank Car Market Absolute $ Opportunity
Chapter 5 Global Railway Tank Car 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 Railway Tank Car Market Size Forecast by Type
5.2.1 Pressurized Tank Car
5.2.2 Non-pressurized Tank Car
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Railway Tank Car 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 Railway Tank Car Market Size Forecast by Applications
6.2.1 Gas
6.2.2 Liquid
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Tank Car 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 Railway Tank Car 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 Railway Tank Car Analysis and Forecast
9.1 Introduction
9.2 North America Railway Tank Car 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 Railway Tank Car Market Size Forecast by Type
9.6.1 Pressurized Tank Car
9.6.2 Non-pressurized Tank Car
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 Railway Tank Car Market Size Forecast by Applications
9.10.1 Gas
9.10.2 Liquid
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 Railway Tank Car Analysis and Forecast
10.1 Introduction
10.2 Europe Railway Tank Car 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 Railway Tank Car Market Size Forecast by Type
10.6.1 Pressurized Tank Car
10.6.2 Non-pressurized Tank Car
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 Railway Tank Car Market Size Forecast by Applications
10.10.1 Gas
10.10.2 Liquid
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 Railway Tank Car Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Railway Tank Car 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 Railway Tank Car Market Size Forecast by Type
11.6.1 Pressurized Tank Car
11.6.2 Non-pressurized Tank Car
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 Railway Tank Car Market Size Forecast by Applications
11.10.1 Gas
11.10.2 Liquid
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 Railway Tank Car Analysis and Forecast
12.1 Introduction
12.2 Latin America Railway Tank Car 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 Railway Tank Car Market Size Forecast by Type
12.6.1 Pressurized Tank Car
12.6.2 Non-pressurized Tank Car
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 Railway Tank Car Market Size Forecast by Applications
12.10.1 Gas
12.10.2 Liquid
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) Railway Tank Car Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Railway Tank Car 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) Railway Tank Car Market Size Forecast by Type
13.6.1 Pressurized Tank Car
13.6.2 Non-pressurized Tank Car
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) Railway Tank Car Market Size Forecast by Applications
13.10.1 Gas
13.10.2 Liquid
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 Railway Tank Car Market: Competitive Dashboard
14.2 Global Railway Tank Car Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trinity Industries
14.3.2 Greenbrier
14.3.3 National Steel Car
14.3.4 Union Tank Car
14.3.5 American Railcar Industries
14.3.6 TrinityRail Products
14.3.7 GATX Corporation
14.3.8 American-Rails
14.3.9 Vertex Railcar
14.3.10 Chongqing ChagnZheng Heavy Industry
14.3.11 CRRC
