Global Tank Container Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 4.49% through 2020 to 2027, reaching US$ XX Mn.
Global Tank Container Market
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Global Tank Container Market Overview:
A tank container is an intermodal container for carrying of liquids, gases & powders as bulk cargo. Tank Containers production method has developed for half a century. Technologically it’s very established. Chinese cheap labor & high robotics level makes it very reasonable in global market. Many other county producers like UK have moved their factory to South Africa & East Asia. The product quality of Tank Container industry in current years is increasing with the nonstop development of production scale.
At the same time, Technology of materials has already appeared. Certainly it’s more costly & durable. The trends of Tank Container are efficient, safe, convenient & cost-effective. The global Tank Container market was 1490 million US$ in the year 2018 & is expected to XX million US$ by the end of 2027, growing at a CAGR of 8.13% between 2019 and 2027.
While the rise in tank container production in the year 2019 was lower than the last year, the market has continued to expand owing to a large extent to the constant successful conversion of certain cargoes earlier shipped in drums or transported in chemical tankers to tank containers. In addition, China continued to see major development in the usage of tank containers for domestic transport of bulk liquids, while inter Asia especially south-East Asia tank container processes endure to develop strongly.
In the year 2019, the majority of new tanks were bought by leasing companies mostly to service the equipment supplies of tank container operators. As more leasing company tank containers become available, the industry has seen the development in the number of 3PLs & 4PLs entering the market; these companies frequently have little recognized infrastructure to support their increasing fleet of tanks, which can assume they have taken on as of the low lease rates on offer, & on a shorter lease period.
Leading Tank Container Manufacturers:
Global Tank Container Market1
In the year 2019, the combined number of tank containers manufactured by all of the world’s manufacturers totaled 54,650 new units. Tank Container manufacturing is focused in China. The only other large volume manufacturer is based in South Africa the leading Tank Container Manufacturers manufacturing the highest number of tanks are: CIMC, NT Tank, Welfit Oddy, Singamas, JJAP, and CRRC & CXIC. These top seven represent 93 percent of global manufacture. The majority of production is of the industry standard tank range but nevertheless there is a very active & growing specialized tank sector.
Innovation & Improvement in the Tank Container Market:
For the coatings industry, the thousands of new tank containers entering the global market each year present a steady demand for high-performance lining systems & an opportunity for development within the industry. Operators & lessors of tank containers frequently search for coatings which can increase their assets’ ROI & increase profit margins. Versatile coatings supporting many cargo types will drive the market as tank container operators & lessors work to rise their profit margins. Versatile tank container coatings reduce downtime. Coatings which enable cargo changes after a simple cleaning & refining process allow tank containers to be used more efficiently. These coatings significantly reduce change times for cargo changes. In addition to versatility, the durability of assets is a key factor in the profit margins of tank container operators & lessors. Particularly for tank containers carrying hostile cargoes, a high-performance lining system is critical to avoid corrosion & extend the lifetime of the container. Repairable coatings also bid a competitive benefit for operators & lessors of tank containers. Re-coating a tank container with a broken lining often needs blasting of the vessel before a new coating is applied. This experiences a considerable cost & leads to extended downtime. Repairable linings mitigate these expenses.
Tank Container Production & World Fleet (2010 – 2020)
Global Tank Container Market2
The report covers Chemical Industry, Food Industry, and Energy Industry with detailed analysis Global Tank Container Market industry with the classifications of the market on the Product Type, Application & region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it. The report has profiled twelve key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced Plastic Type, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major country’s policies about manufacturing & Covid 19 impact on demand side are covered in the report.
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Scope of the Global Tank Container Market: Inquire before buying
Global Tank Container Market3
Global Tank Container Market, by Region
• North America:
o US
o Canada
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Sweden
o CIS countries
o Rest of Europe
• APAC
o China
o India
o South Korea
o Japan
o Australia
o Rest of APAC
o ASEAN
Indonesia
Malaysia
Singapore
Thailand
Vietnam
• Middle East & Africa
o GCC Countries
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Rest of Latin America
Global Tank Container Market Key Players
• Welfit Oddy
• UBH International
• Suretank
• Nantong CIMC
• SINGAMAS (CN)
• Nttank
• CXIC Group
• MCC TianGong (Tianjin)
• Yucai Dongte
• Others.
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