Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Tank Cars Market by Type (Less than or equal to 50000 L, 50001 L – 100000L, Above 100000L), By Application (Oil, Nature Gas, Chemicals, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Tank Cars Market by Type (Less than or equal to 50000 L, 50001 L – 100000L, Above 100000L), By Application (Oil, Nature Gas, Chemicals, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 139980 3300 Automobile & Transportation 377 249 Pages 4.5 (50)
                                          

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.


Global Tank Cars Industry Outlook


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:

  1. The Greenbrier Companies
  2. TrinityRail
  3. Kawasaki
  4. FreightCar America
  5. American Railcar Industries
  6. Union Tank Car Company
  7. VTG Aktiengesellschaft
  8. CRRC
  9. Amtek Railcar Industries
  10. National Steel Car

Global Tank Cars Market Overview


Highlights of The Tank Cars Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Less than or equal to 50000 L
    2. 50001 L - 100000L
    3. Above 100000L
  1. By Application:

    1. Oil
    2. Nature Gas
    3. Chemicals
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Tank Cars Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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