Market Overview:
The global tank cars market is expected to grow at a CAGR of 4.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for tank cars for transportation of oil, natural gas, chemicals and other products. In terms of volume, the less than or equal to 50000 L segment is expected to dominate the global tank cars market during the forecast period. This can be attributed to the growing demand for small-sized tanks cars for transportation of various products across different regions.
Product Definition:
Tank cars are railroad freight cars designed to transport liquid and gaseous commodities. The importance of tank cars is that they provide a safe and efficient way to move these commodities over long distances.
Less than or equal to 50000 L:
The less than or equal to 50000 L tank car is a type of railway tank car used for the transportation of bulk liquids, such as petroleum, chemicals, and bio-hazardous waste. The less than or equal to 50000 L tank cars are manufactured with either single-walled or double-walled construction.
50001 L - 100000L:
50001 L - 100000L is a standard capacity for tank cars used in the transportation of liquid products. It has applications in various end-use industries including chemical, food & beverage and petroleum refining among others. 50001 L - 100000L is widely used as a standard capacity across the world owing to its properties such as cost effectiveness and ease of portability among others.
Application Insights:
The oil segment accounted for the largest market share of over 60% in 2017 and is expected to continue its dominance over the forecast period. The growing importance of crude oil as an energy source has led to a rise in its transportation, which is done through pipelines. Crude oil tankers help in reducing pipeline pressure during periods of low flow thereby enabling efficient transportation with reduced risk.
Tank cars are used for various applications including transporting chemicals, natural gas liquids (NGL), ethanol and other liquid hydrocarbons (LHV), LPG, gasoline and other refined products (RPG) as well as biofuel among others depending upon their respective volumes transported. Growing demand for these products across end-use industries such as construction, automotive & transport fuels along with rising investments by companies are anticipated to drive the application segment over the forecast period.
Regional Analysis:
Asia Pacific is anticipated to be the largest regional market over the forecast period owing to increasing oil and gas production in countries, such as China, India, Vietnam, Thailand and Indonesia. The region is also expected to witness a significant rise in natural gas production from shale reserves due to low prices of natural gas compared with that of crude oil. This will drive demand for tank cars for transportation of LNG as well as other petroleum products across various regions.
North America accounted for a significant share in 2017 owing to growing shale industry coupled with increasing exports and imports across U.S., Canada and Mexico border areas.
Growth Factors:
- Increasing demand for crude oil from developing countries
- Stringent environmental regulations for the transportation of hazardous materials
- Technological advancements in tank car design and manufacturing processes
- Growing demand for rail transportation of goods over long distances
- Proliferation of shale gas production in North America
Scope Of The Report
Report Attributes
Report Details
Report Title
Tank Cars Market Research Report
By Type
Less than or equal to 50000 L, 50001 L - 100000L, Above 100000L
By Application
Oil, Nature Gas, Chemicals, Others
By Companies
The Greenbrier Companies, TrinityRail, Kawasaki, FreightCar America, American Railcar Industries, Union Tank Car Company, VTG Aktiengesellschaft, CRRC, Amtek Railcar Industries, National Steel Car
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Tank Cars Market Report Segments:
The global Tank Cars market is segmented on the basis of:
Types
Less than or equal to 50000 L, 50001 L - 100000L, Above 100000L
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
Oil, Nature Gas, Chemicals, 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:
- The Greenbrier Companies
- TrinityRail
- Kawasaki
- FreightCar America
- American Railcar Industries
- Union Tank Car Company
- VTG Aktiengesellschaft
- CRRC
- Amtek Railcar Industries
- National Steel Car
Highlights of The Tank Cars 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:
- Less than or equal to 50000 L
- 50001 L - 100000L
- Above 100000L
- By Application:
- Oil
- Nature Gas
- Chemicals
- 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 Tank Cars 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?
Tank cars are large, heavy freight cars that are used to transport liquids, such as oil or gasoline.
Some of the major players in the tank cars market are The Greenbrier Companies, TrinityRail, Kawasaki, FreightCar America, American Railcar Industries, Union Tank Car Company, VTG Aktiengesellschaft, CRRC, Amtek Railcar Industries, National Steel Car.
The tank cars market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tank Cars 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. Tank Cars Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tank Cars Market - Supply Chain
4.5. Global Tank Cars Market Forecast
4.5.1. Tank Cars Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tank Cars Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tank Cars Market Absolute $ Opportunity
5. Global Tank Cars 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. Tank Cars Market Size and Volume Forecast by Type
5.3.1. Less than or equal to 50000 L
5.3.2. 50001 L - 100000L
5.3.3. Above 100000L
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tank Cars 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. Tank Cars Market Size and Volume Forecast by Application
6.3.1. Oil
6.3.2. Nature Gas
6.3.3. Chemicals
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tank Cars 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. Tank Cars 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 Tank Cars 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. Tank Cars 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 Tank Cars Demand Share Forecast, 2019-2026
9. North America Tank Cars 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 Tank Cars 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 Tank Cars Market Size and Volume Forecast by Application
9.4.1. Oil
9.4.2. Nature Gas
9.4.3. Chemicals
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tank Cars Market Size and Volume Forecast by Type
9.7.1. Less than or equal to 50000 L
9.7.2. 50001 L - 100000L
9.7.3. Above 100000L
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 Tank Cars Demand Share Forecast, 2019-2026
10. Latin America Tank Cars 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 Tank Cars 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 Tank Cars Market Size and Volume Forecast by Application
10.4.1. Oil
10.4.2. Nature Gas
10.4.3. Chemicals
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tank Cars Market Size and Volume Forecast by Type
10.7.1. Less than or equal to 50000 L
10.7.2. 50001 L - 100000L
10.7.3. Above 100000L
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 Tank Cars Demand Share Forecast, 2019-2026
11. Europe Tank Cars 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 Tank Cars 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 Tank Cars Market Size and Volume Forecast by Application
11.4.1. Oil
11.4.2. Nature Gas
11.4.3. Chemicals
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tank Cars Market Size and Volume Forecast by Type
11.7.1. Less than or equal to 50000 L
11.7.2. 50001 L - 100000L
11.7.3. Above 100000L
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 Tank Cars Demand Share, 2019-2026
12. Asia Pacific Tank Cars 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 Tank Cars 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 Tank Cars Market Size and Volume Forecast by Application
12.4.1. Oil
12.4.2. Nature Gas
12.4.3. Chemicals
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tank Cars Market Size and Volume Forecast by Type
12.7.1. Less than or equal to 50000 L
12.7.2. 50001 L - 100000L
12.7.3. Above 100000L
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 Tank Cars Demand Share, 2019-2026
13. Middle East & Africa Tank Cars 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 Tank Cars 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 Tank Cars Market Size and Volume Forecast by Application
13.4.1. Oil
13.4.2. Nature Gas
13.4.3. Chemicals
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tank Cars Market Size and Volume Forecast by Type
13.7.1. Less than or equal to 50000 L
13.7.2. 50001 L - 100000L
13.7.3. Above 100000L
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 Tank Cars Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tank Cars Market: Market Share Analysis
14.2. Tank Cars Distributors and Customers
14.3. Tank Cars Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. The Greenbrier Companies
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TrinityRail
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kawasaki
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. FreightCar America
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. American Railcar Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Union Tank Car 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. VTG Aktiengesellschaft
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CRRC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Amtek Railcar Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. National Steel Car
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
