Tank Wagons
Transportation Services

Global Tank Wagons Market Outlook, Opportunities And Strategies

Learn about the global tank wagons market through The Business Research Company, which provides information on tank wagons market size, tank wagons market drivers and restraints, tank wagons market players, the COVID-19 impact on the tank wagons market, and more.

 

The global tank wagons market size is expected to grow from $63.4 billion in 2021 to $69.71 billion in 2022 at a compound annual growth rate (CAGR) of 10.0%. The tank wagons market is then expected to grow to $85.8 billion in 2026 at a CAGR of 5.3%.

 

Increased demand for liquid and gases as a raw material in residential and petrochemicals sectors that use railways as one of the modes of transportation is contributing to the growth of the tank wagon market.

 

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The tank wagons market consists of sales of tank wagons rail freight transportation services and related goods by entities (organizations, sole traders, and partnerships) that provide the transportation of freight in a tank wagon. Tank Wagons are a type of railroad car or rolling stock that are designed to transport liquid and gaseous commodities on the rail transport system. Only goods and services traded between entities or sold to end consumers are included.

 

Global Tank Wagons Market Segments Include:

By Tank Pressure Type: Pressurized Railroad Tank Car, General Purpose or Non-Pressurized Tank Car

By Protection Type: Insulated, Non-Insulated

By Application: Crude Oil, Ethanol, Liquefied Gases, Bio Fuels, Milk, Chemicals, 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, Asia Pacific was the largest region in the tank wagons market in 2021.

 

The launch of the internet of things (IoT) to fast-track the safety and compliance of rail tanks have created immense demand in the tank wagons market. The Internet of Things (IoT) empowers rail administrators to use internet-connected communication devices installed across infrastructure and rolling stock to increase safety.

 

TBRC’s tank wagons market report covers:

Major Market Players: American Railcar Industries Inc., GATX, National Steel Car, The Greenbrier Companies, Trinity Industries Inc., Vertex Railcar, Union tank car company, American-Rails, Chongqing ChagnZheng Heavy Industry, TrinityRail Products, Caterpillar, Japan Oil Transportation., Kelso Technologies Inc, OmBesco Limited, Procor Limited, and VTG Aktiengesellschaft.

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 (2016-21) and ten years forecast (2022-2026-2031)

 

The Tank Wagons Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides tank wagons market overviews, analyzes and forecasts market size, share, tank wagons market players, tank wagons market segments and geographies, leading competitor revenues, profiles and market shares.

 

TBRC’s tank wagons market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

 

Here Is A List Of Similar Reports From The Business Research Company:

Rail Freight Global Market Report 2022

Rail Transport Global Market Report 2022

Long-Distance General Freight Trucking Global Market Report 2022

 

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