Mobile Tanks Market By Material Type (Carbon Steel, High-Density Polyethylene (HDPE), Stainless Steel), By by End Use (Chemical, Oil & Gas, Aviation, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global mobile tanks market size is expected to reach around US$ 809 million by 2026 with a CAGR of above 4% during the forecast period 2019-2026.

Infrastructural development activities are taking places across the globe and government is focusing on development of outskirts region. Continuous construction activities are carried out in order to bridge this development gap and mobile tanks as expected to be more cost effective transportation solution for carrying of fuel, oil, and water to various remote areas.

Market Dynamics

Major factors expected to drive the growth of global mobile tanks market is increasing need for water across the globe along with adoption of mobile tanks in order to supply water to remote location. In addition, developing economic scenario, flourishing oil & gas sector in developing countries, coupled with demand for mobile tank fleet in order to supply oil & gas to in station units to and outstation is expected to further boost the growth of the target market.

Moreover, increasing demand for mobile tanks from aviation industry for proper distribution of fuel is expected to further support the growth of the target market.

However, fluctuation in raw material prices resulting in high cost of product and high maintenance charges are major factors expected to hamper the growth of the global mobile tanks market. In addition, limitation to storage capacity is another factor limiting adoption of the mobile tanks thus challenging the growth of the global market.

Technological advancements in development of advanced tank materials and introduction of new innovative products with new features are factor expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, business expansion activities through strategic partnerships and agreements in order to attract more customers are expected to further revenue support the target market growth.

The Material Type segment of the global mobile tanks market is split into Carbon Steel, High-Density Polyethylene (HDPE), and Stainless Steel. The High-Density Polyethylene (HDPE) segment is expected to account for witness substantial revenue growth, owing to factors such as HDPE is light weight, non-corrosive and chemical resistance in nature. High-Density Polyethylene (HDPE) has high density and these tanks are cost effective with low maintenance cost as compared to other tanks material.

Segment Analysis by Region

The market in North America is expected to contribute significant revenue share in the global mobile tanks market this can be attributed to rising energy demand resulting in increasing oil & gas drilling activities along with deployment of mobile tanks in remote areas for transportation for fuel. In addition, presence of major players operating in this region and introduction of new models with advanced features is expected to further support the growth of the target market in this region.

The market in Asia Pacific is expected to witness faster growth in the coming years, owing to rapid industrialization in developing economies such as India and China. Major players are shifting their manufacturing units to developing countries due to easy availability of raw materials and low cost labor. This is resulting in growing industrial activities and mobile tanks are expected to be more reliable and cost effective solution to players operating in outer reaches of cities. In addition, rising water shortage issues in some region, coupled with adoption of mobile tanks in order to supply water to distant places is expected to further support the growth of the target market in this region.

Competitive Landscape

Mobile tanks are a highly competitive market as the presence of manufacturers is high. In addition, major players approach towards new product launches with advanced features and partnerships agreements between international and regional players in order to maintain the high profit share is expected to further increase the competition in the market.

Report coverage

The market research study on “Mobile Tanks Market (Material Type: Carbon Steel, High-Density Polyethylene (HDPE), and Stainless Steel; Application: Chemical, Oil & gas, Aviation, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global mobile tanks market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global mobile tanks market, its material type segment, end use segment, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global mobile tanks market size and segment markets by material type, end use, and geography along with the information on companies operating in the market. The mobile tanks market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report include Generac, Abi Attachments, GEI Works, Pro Tank & Equipment, Wastecorp Pump, Gas- Safe-T-Tank, Hill Welding, Transcube, Western Global, and Central Plains Ind.

Market Segmentation

Market By Material Type:

• Carbon Steel
• High-Density Polyethylene (HDPE)
• Stainless Steel

Market By End Use:

• Chemical
• Oil & Gas
• Aviation
• Others

Market By Region

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest if Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Meddle East & Africa