Global ISO Tank Container Market Outlook, Opportunities And Strategies
Learn about the global ISO tank container market through The Business Research Company, which provides information on ISO tank container market size, ISO tank container market drivers and restraints, ISO tank container market players, the COVID-19 impact on the ISO tank container market, and more.
The global ISO tank container market is expected to grow from $0.91 billion in 2020 to $0.99 billion in 2021 at a compound annual growth rate (CAGR) of 8.9%. The growth of the ISO tank container market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The ISO tank container market is expected to reach $1.46 billion in 2025 at a CAGR of 10%.
The growing petrochemical industry is expected to propel the growth of the ISO tank containers market in the forecast period.
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The ISO tank container market consists of sales of tank containers by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing intermodal ISO tank containers for transporting liquid products. The ISO tank container is designed and manufactured as per the guidelines defined by the International Organization of Standardization (ISO). The ISO tank containers are suitable for different modes of transportation and can transport both hazardous and non-hazardous products.
Global ISO tank container market segments include:
By Container Type: Dry Container, Thermal and Refrigerated Container, Tank Container, Open Top Container, Insulated Container, Flat Rack Container, Others
By Transport Mode: Road, Rail, Marine
By Application: Chemicals, Petrochemicals, Food And Beverage, Pharmaceuticals, Industrial Gas, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe was the largest region in the ISO tank container market in 2020.
Usage of the internet of things (IoT) for remote monitoring of ISO tank containers is shaping the ISO tank container market. The Internet of Things is a system of internet-connected objects that can collect and transfer data over a wireless network without human intervention. Many companies operating in the ISO tank container sector are increasingly partnering with companies offering IoT software.
TBRC’s ISO tank container market report covers:
Major Market Players: China International Marine Containers Co. Ltd, Nantong Tank Container CO. Ltd., CXIC Group Containers Company Limited, Singamas Container, Welfit Oddy, Danteco Industries BV, Bewellcn Shanghai, Chart Industries Inc., Corban Energy Group, Cryeng Group, Furuise, Intermodal Tank Transport., M1 Engineering, Quantum Technologies Group Inc., and Rootselaar Group.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The ISO Tank Container Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides ISO tank container market overviews, analyzes and forecasts market size, share, ISO tank container market players, ISO tank container market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s ISO tank container market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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