What is scope of the report?

The base year for the study has been considered 2019, historic year 2014 and 2018. Read More

What are the significant segments operating in the market?

Market is segmented on the basis. Read More

What are the vital market dynamics?

The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. Read More

What does a company profile includes?

The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering. Read More

Tank Container Market by Application (Chemical Industry, Food and Beverage Industry, Energy Industry), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

Publish Date: Feb, 2020
Report ID: 411548
Category: Machinery & Equipment
Pages: 179

$4700

The global tank container market is expected to grow from USD 1.34 billion in 2019 to USD 3.27 billion by 2027, at a CAGR of 11.64% during the forecast period from 2020-2027. The growth in the oil and gas demand is one of the main driving factors for the growth of the tank container market. The demand for petroleum products has been continuously rising, which has resulted in an increasing need for tank container shipping services across the globe. Furthermore, the rising use of natural gas for power generation, propelling the growth of the market. However, high prices of tank containers are anticipated to hamper the market growth over the forecast period.

The tank container market has been segmented on the basis of application and region. The application segment includes the chemical industry, food and beverage industry, energy industry, and others. The energy industry segment held the largest market share of 38.12% and valued at USD 509.19 million in 2019. This is attributable due to the higher volume of product storage needs and provides stacked systems that offer less handling and a safer hookup of multiple systems.

The market has been divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific held the largest market share of 41.27% in 2019. China is the fastest-growing region in the tank container market with the highest CAGR of 10.72% owing to a steady demand for maintenance services. In China, most tank containers are refurbished every year. Around 1,500 tanks were refurbished or remanufactured in China during 2014, compared to 600 in South Africa and 900 refurbished by operators in-house, according to Asian Tank Container Organization.

Key players in the tank container market are Welfit Oddy (Pty) Ltd., UBH International Limited, Nantong CIMC Smooth Sail Container Co., Ltd., CIMC Tank, Singamas Container Holdings Limited, Nantong Tank Container CO., Ltd., Seaco Global Ltd, CXIC Group Containers Co. Ltd., Yuchai Dongte Special Purpose Automobile Co. Ltd., and EXSIF Worldwide, Inc. among others. Developing and developed countries are offering greater opportunities and major players are continuously focused on new developments, strategic partnerships, acquisitions and venture capital investments to obtain high growth in the market. In January 2020, CIMC Tank announced that it has entered into the UK market by launching a UK-based engineering and customer support centre with a market focus on intermodal tanks for the bulk transport of dangerous goods and food grade products.

This study forecasts revenue growth at global, regional, and country levels from 2014 to 2027. Fior Markets has segmented the on the basis of below-mentioned segments:

Global Tank Container Market Analysis And Forecast, By Application
- Chemical Industry
- Food And Beverage Industry
- Energy Industry
- Others
Global Tank Container Market Analysis And Forecast, By Regional Analysis
- North America
  - The U.S.
  - Canada
  - Mexico
- Europe
  - Germany
  - France
  - Sweden
  - Netherland
  - The U.K.
  - Italy
  - Spain
  - Turkey
  - Switzerland
  - Belgium
  - Rest Of Europe
- Asia-Pacific
  - Japan
  - China
  - India
  - South Korea
  - Australia
  - Singapore
  - Malaysia
  - Thailand
  - Indonesia
  - Philippines
  - Rest Of APAC
- South America
  - Brazil
  - Argentina
  - Peru
  - Colombia
  - Rest Of South America
- The Middle East And Africa
  - UAE
  - Saudi Arabia
  - Egypt
  - Nigeria
  - South Africa
  - Rest Of MEA

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Chapter 1 Introduction 11
    1.1 Research Methodology 11
    1.2 FMR Desk Research 12
          1.2.1 FMR Data Synthesis 13
          1.2.2 Data Validation And Market Feedback 13
          1.2.3 FMR Data Sources 14

Chapter 2 Global Tank Container Market Overview 16
    2.1 Definition of Tank Container in This Report 16
    2.2 Commercial Types of Tank Container 18
    2.3 Downstream Application of Tank Container 19
          2.3.1 Chemical Industry 20
          2.3.2 Food and Beverage Industry 20
          2.3.3 Energy Industry 21
          2.3.4 Others 21
    2.4 Development History of Tank Container 22
    2.5 Market Status and Trend of Tank Container 2014-2027 23
          2.5.1 Global Tank Container Market Status and Trend 2014-2027 23
    2.6 Regional Tank Container Market Status and Trend 2014-2018 25
          2.6.1 North America Market Status and Trend 2014-2018 25
          2.6.2 Europe Market Status and Trend 2014-2018 27
          2.6.3 APAC Market Status and Trend 2014-2018 29
          2.6.4 Middle East and Africa Market Status and Trend 2014-2018 31
          2.6.6 Latin America Market Status and Trend 2014-2018 35

Chapter 3 Global Market Status by Regions 37
    3.1 Market Development of Tank Container 2014-2018 37
    3.2 Production Market of Tank Container by Regions 39
          3.2.1 Regions Production Value of Tank Container by Regions 41
          3.2.2 Regions Demand Volume (Units) of Tank Container by Regions 46
    3.3 Market Forecast of Tank Container by Regions 2019-2027 47

Chapter 4 Global Tank Container Production by Type 50
    4.1 Production Volume of Tank Container by Types 50
    4.2 Production Value of Tank Container by Types 55
    4.3 Market Forecast of Tank Container by Types 60

Chapter 5 Global Market Status by Downstream Industry 64
5.1 Demand Volume of Tank Container by Downstream Industry 64
5.2 Market Forecast of Tank Container by Downstream Industry 69

Chapter 6 Market Driving Factor Analysis of Tank Container 72
6.1 Global Economy Situation and Trend Overview 72
6.2 Tank Container Downstream Industry Situation and Trend Overview 72

Chapter 7 Tank Container Market Competition Status by Major Manufacturers 73
    7.1 Production Volume of Tank Container by Major Manufacturers 73
    7.2 Production Value of Tank Container by Major Manufacturers 77
    7.3 Basic Information of Tank Container Major Manufacturers 81
          7.3.1 Plant Location and Established Time of Tank Container Major Manufacturer 81
    7.4 Market Competition News and Trend 82

Chapter 8 Tank Container Major Manufacturers Introduction and Market Data 84
    8.1 Welfit Oddy (Pty) Ltd. 84
          8.1.1 Company Profile 84
          8.1.2 Representative Tank Container Industry Product of Welfit Oddy (Pty) Ltd. 86
          8.1.3 Tank Container Industry Sales, Revenue, Price and Gross Margin of Welfit Oddy (Pty) Ltd. 88
    8.2 UBH International Limited 90
          8.2.1 Company Profile 90
          8.2.2 Representative Tank Container Industry Product of UBH International Limited 91
    8.3 Nantong CIMC Smooth Sail Container Co., Ltd. (subsidiary of APAC International Marine Containers Group Co. Ltd.) 96
          8.3.1 Company Profile 96
          8.3.2 Representative Tank Container Industry Product of Nantong CIMC Smooth Sail Container Co., Ltd. 97
    8.4 Singamas Container Holdings Limited 99
          8.4.1 Company Profile 99
          8.4.2 Representative Tank Container Industry Product of Singamas Container Holdings Limited 101
          8.4.3 Tank Container Industry Sales, Revenue, Price and Gross Margin of Singamas Container Holdings Limited 103
    8.5 Nantong Tank Container CO., Ltd. (subsidiary of Nantong Square Cold Chain Equipment Co., Ltd.) 105
          8.5.1 Company Profile 105
          8.5.2 Representative Tank Container Industry Product of Nantong Tank Container CO., Ltd. 106
          8.5.3 Tank Container Industry Sales, Revenue, Price and Gross Margin of Nantong Tank Container CO., Ltd. 110
    8.6 CXIC Group Containers Co. Ltd. 112
          8.6.1 Company Profile 112
          8.6.2 Representative Tank Container Industry Product of CXIC Group Containers Co. Ltd. 113
          8.6.3 Tank Container Industry Sales, Revenue, Price and Gross Margin of CXIC Group Containers Co. Ltd. 117
    8.7 Yuchai Dongte Special Purpose Automobile Co. Ltd. 119
          8.7.1 Company Profile 119
          8.7.2 Representative Tank Container Industry Product of Yuchai Dongte Special Purpose Automobile Co. Ltd. 121
    8.8 EXSIF Worldwide, Inc. 123
          8.8.1 Company Profile 123
          8.8.2 Representative Tank Container Industry Product of EXSIF Worldwide, Inc. 124
    8.9 Seaco Global Ltd (subsidiary of SeaCo SRL) 126
          8.9.1 Company Profile 126
          8.9.2 Representative Tank Container Industry Product of Seaco Global Ltd 127

Chapter 9 Upstream and Downstream Market Analysis of Tank Container 130
          9.1.1 Industry Chain of Tank Container 130
    9.2 Upstream Market and Representative Suppliers Analysis 131
          9.2.1 Upstream Raw Material Market Analysis 131
          9.2.2 Upstream Market and Representative Suppliers Analysis 132
    9.3 Downstream Market and Representative Companies 133
          9.3.1 Chemical Industry 133
          9.3.2 Food and Beverage Industry 133
          9.3.3 Energy Industry 133
          9.3.4 Others 134
          9.3.5 Representative Consumers of Tank Container by Industry 135

Chapter 10 Cost and Gross Margin Analysis of Tank Container 136
    10.1 Proportion of Manufacturing Cost Structure 136
          10.1.1 Labor Cost Analysis 137
                   10.1.1.1 USA Labor Cost Analysis 138
    10.1 Manufacturing Process Analysis 142
    10.2 Distributors/Traders List 143

Chapter 11 Research Findings and Conclusion 144

List of Figures

FIG. 1 Representative Commercial Product Picture of Tank Container 17

FIG. 2 Global Shipments Volume Share of Tank Container by Types in 2014 18

FIG. 3 Demand Volume Share of Tank Container by Downstream Industry in 2019 19

FIG. 4 Global Tank Container Market Status and Trend 2014-2027 23

FIG. 5 Global Tank Container Market Size Comparison in 2014, 2018 and 2027 24

FIG. 6 North America Tank Container Revenue and Growth Rate 2014-2018 25

FIG. 7 Europe Tank Container Revenue and Growth Rate 2014-2018 27

FIG. 8 APAC Tank Container Revenue and Growth Rate 2014-2018 29

FIG. 9 Middle East and Africa Tank Container Revenue and Growth Rate 2014-2018 31

FIG. 10 Rest of APAC Tank Container Revenue and Growth Rate 2014-2018 33

FIG. 11 Latin America Tank Container Revenue and Growth Rate 2014-2018 35

FIG. 12 Production Volume and Growth Rate of Tank Container 2014-2018 37

FIG. 13 Production Value and Growth Rate of Tank Container 2014-2018 38

FIG. 14 Production Value Share of Tank Container by Regions in 2015 43

FIG. 15 Production Value Share of Tank Container by Regions in 2018 44

FIG. 16 Production Value Growth Rate Comparison of Tank Container by Regions 2014-2018 45

FIG. 17 Production Volume Forecast Share of Tank Container by Regions in 2027 49

FIG. 18 Production Volume Share of Tank Container by Types in 2015 52

FIG. 19 Production Volume Share of Tank Container by Types in 2018 53

FIG. 20 Production Volume Growth Rate Comparison of Tank Container by Types 2014-2018 54

FIG. 21 Production Value Share of Tank Container by Types in 2015 57

FIG. 22 Production Value Share of Tank Container by Types in 2018 58

FIG. 23 Production Value Growth Rate Comparison of Tank Container by Types 2014-2018 59

FIG. 24 Production Volume Share Forecast of Tank Container by Types in 2027 61

FIG. 25 Production Value Share Forecast of Tank Container by Types in 2027 63

FIG. 26 Demand Volume Share of Tank Container by Downstream Industry in 2015 66

FIG. 27 Demand Volume Share of Tank Container by Downstream Industry in 2018 67

FIG. 28 Demand Volume Growth Rate Comparison of Tank Container by Downstream Industry 2014-2018 68

FIG. 29 Demand Volume Growth Rate Comparison of Tank Container by Downstream Industry in 2027 70

FIG. 30 Demand Volume Growth Rate Comparison of Tank Container by Downstream Industry 2019-2027 71

FIG. 31 Production Volume Share of Tank Container by Major Manufacturers in 2015 75

FIG. 32 Production Volume Share of Tank Container by Major Manufacturers in 2018 76

FIG. 33 Production Value Share of Tank Container by Major Manufacturers in 2015 79

FIG. 34 Production Value Share of Tank Container by Major Manufacturers in 2018 80

FIG. 35 Tank Container Revenue and Market Share of Welfit Oddy (Pty) Ltd. 2015-2018 89

FIG. 36 Tank Container Revenue and Market Share of Singamas Container Holdings Limited 2015-2018 104

FIG. 37 Tank Container Revenue and Market Share of Nantong Tank Container CO., Ltd. 2014-2018 111

FIG. 38 Tank Container Revenue and Market Share of CXIC Group Containers Co. Ltd. 2015-2018 118

FIG. 39 Industrial Chain of Tank Container 130

FIG. 40 Common Cost Structure of Tank Container 136

FIG. 41 USA Overview of Average Hourly Wages 2015-2016 (USD/Hour) 138

FIG. 42 Middle East and Africa CPI (2017-2018) 140

FIG. 43 Europe CPI (2014-2018) 141

FIG. 44 Manufacturing Process 142

List of Tables

TABLE 1 North America Tank Container Market Main Driving Factors Analysis 26

TABLE 2 Europe Tank Container Market Main Driving Factors Analysis 28

TABLE 3 APAC Tank Container Market Main Driving Factors Analysis 30

TABLE 4 Middle East and Africa Tank Container Market Main Driving Factors Analysis 32

TABLE 5 Rest of APAC Tank Container Market Main Driving Factors Analysis 34

TABLE 6 Latin America Tank Container Market Main Driving Factors Analysis 36

TABLE 7 Production Volume (Units) of Tank Container by Regions 2014-2018 39

TABLE 8 Production Volume Share of Tank Container by Regions 2014-2018 40

TABLE 9 Production Value (USD Million) of Tank Container by Regions 2014-2018 41

TABLE 10 Production Value Share of Tank Container by Regions 2014-2018 42

TABLE 11 Demand Volume of Tank Container by Regions 2014-2018 46

TABLE 12 Production Market Forecast of Tank Container by Regions 2019-2027 47

TABLE 13 Production Value Forecast of Tank Container by Regions 2019-2027 48

TABLE 14 Production Volume of Tank Container by Types 2014-2018 50

TABLE 15 Production Volume Share of Tank Container by Types 2014-2018 51

TABLE 16 Production Value of Tank Container by Types 2014-2018 55

TABLE 17 Production Value Share of Tank Container by Types 2014-2018 56

TABLE 18 Production Volume Forecast of Tank Container by Types 2019-2027 60

TABLE 19 Production Value Forecast of Tank Container by Types 2019-2027 62

TABLE 20 Demand Volume (Units) of Tank Container by Downstream Industry 2014-2018 64

TABLE 21 Demand Volume Share of Tank Container by Downstream Industry 2014-2018 65

TABLE 22 Demand Volume (Units) of Tank Container by Downstream Industry 2019-2027 69

TABLE 23 Production Volume (Units) of Tank Container by Major Manufacturers 2014-2018 73

TABLE 24 Production Volume Share of Tank Container by Major Manufacturers 2014-2018 74

TABLE 25 Production Value (USD Million) of Tank Container by Major Manufacturers2014-2018 77

TABLE 26 Production Value Share of Tank Container by Major Manufactures 2014-2018 78

TABLE 27 Plant Location and Established Time of Tank Container Major Manufacture 81

TABLE 28 Company Profile of Welfit Oddy (Pty) Ltd. 84

TABLE 29 Tank Container Industry Sales, Revenue, Price and Gross Margin of Welfit Oddy (Pty) Ltd. 2015 -2018 88

TABLE 30 Company Profile of UBH International Limited 90

TABLE 31 Company Profile of Nantong CIMC Smooth Sail Container Co., Ltd. 96

TABLE 32 Company Profile of Singamas Container Holdings Limited 99

TABLE 33 Tank Container Industry Sales, Revenue, Price and Gross Margin of Singamas Container Holdings Limited 2015-2018 103

TABLE 34 Company Profile of Nantong Tank Container CO., Ltd. 105

TABLE 35 Tank Container Industry Sales, Revenue, Price and Gross Margin of Nantong Tank Container CO., Ltd. 2015-2018 110

TABLE 36 Company Profile of CXIC Group Containers Co. Ltd. 112

TABLE 37 Tank Container Industry Sales, Revenue, Price and Gross Margin of CXIC Group Containers Co. Ltd. 2015-2018 117

TABLE 38 Company Profile of Yuchai Dongte Special Purpose Automobile Co. Ltd. 119

TABLE 39 Company Profile of EXSIF Worldwide, Inc. 123

TABLE 40 Company Profile of Seaco Global Ltd 126

TABLE 41 Upstream Raw Material Representative Suppliers Analysis 132

TABLE 42 Representative Consumers of Tank Container by Industry 135

TABLE 43 Manufacturing Cost Structure 136

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

Market research helps businesses strengthen a company’s position
Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
Market research helps in identifying the potential threats and opportunities associated with the business industry
Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

Data Collection
Data Synthesis
Market Deduction & Formulation
Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends.
Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information.

We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:

Export & Import Data
Business Information related to trade and its statistics
Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.

In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
Examining demographic along with psychographic segmentation for market evaluation
Analyzing the macro and micro-economic indicators for each demography
Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology.

Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.

The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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Testimonials

Hi John,
Thanks for the report. We've been going through it and see some good data on the market and players. –

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Health Technology Innovation
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Hi Rahul,
Thank You for the report it is good and beneficial for me.
Thank You in Advance

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Dear Siddhartha,
Thank you for your fast reply. The report arrived safe and sound, evrything looks all right.
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ČESKÁ ZBROJOVKA A.S.

Dear Siddhartha,
The report looks good, and we believe the material mix is more realistic now. It is good to know you report “Net” Manufacturing Selling Price, as that can make a difference in how we view the numbers. The reports were great and we appreciate your working with us.
Thanks for all your help!