Global Oil Tank Trucks Market : Global Industry Analysis and Forecast (2018-2026)
Global Oil Tank Trucks Market was valued at US$ XXX Mn in 2017 and is expected to reach US$ XXX Mn by 2026, at a CAGR of XX% during a forecast period.
Major driving factors of the Oil Tank Trucks market are rise for crude oil and subsequent increase in oil production has triggered the need for reliable transportation.The North-American economy has been running at full speed recently and this has led to an increased demand for carriers to transport manufactured products of all kinds. Freight transportation industry has answered this call to meet the increasing needs of manufacturers by acquiring equipment in record numbers while at the same time launching campaigns to recruit new drivers. Changing price Policy of buying oil from key region and rise in material cost will act as restraint to the market.
Based on the Material type, Aluminum Tank Truck application segment is expected to hold the largest share in the Oil Tank Trucks market during the forecast period.Aluminum motor truck models is the rust -resistant nature of atomic number aluminum alloy. When it comes to the region that comprise a vehicle, rust-underground is important because rust can literally eat holes into the torso and locomotive engine of a truck Thanks to this rust resistance, aluminum is generally resistant to corrosion. Aluminum, by nature, sort an oxide layer along its aero foil that render the metal resistant to corrosion in most cases.Thanks to the rust-proof and corrosion-resistant qualities of aluminum, trucks are generally more durable with aluminum body parts. Throughout the years in which you own and operate an aluminum-bodied truck
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In Trends – Move to dedicated carriers.
A strong operator would have a loaded mile ratio at about 60%, which is much lower than the average truckload carrier and that’s due to the specialized nature of each individual trailer. Since you can’t put certain products into certain trailers, it’s common for tank trucks to generate revenue even when they are empty. Due to the highly specialized nature of the segment and the shortage of qualified drivers, there is a movement toward more dedicated contract carriers.
In terms of region, Asia Pacific is expected to hold the largest share in the Oil Tank Trucks market during the forecast period.The medium- and heavy-duty truck industry appears destined to reap a strong harvest of profitable growth in Asia pacific.Structural growth exists in mature markets, to drive volumes, OEMs also implementing the new regulatory and market obligations these markets to be on growth path,putting a strong emphasis on cost and operational excellence. Maximize Market Research believe they should alsoover invest now in building new opportunities and business models around three types of innovations: alternative power trains, autonomous vehicles and connectivity solutions.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the Oil Tank Trucks market. Moreover, the study also covers anOil Tank Trucks market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
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The Scope of the Report for Global Oil Tank Trucks Market
Global Oil Tank Trucks Market by Capacity
• Small (Less than 3000 gallons)
• Medium (3000 – 8000 gallons)
• Large (Above 8000 gallons)
Global Oil Tank Trucks Market by Material Type
• Aluminum Tank Truck
• Stainless Steel Tank Truck
Global Oil Tank Trucks Market by Application
• Crude Oil Transportation
• Diesel Transportation
• Gasoline Transportation
Global Oil Tank Trucks Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Oil Tank Trucks Market
• Amthor International
• Paragon Enterprises LLC
• Oilmen’s Equipment Corporation
• Dongfeng.Su
• Mann Tek
• CSCTRUCK
• Foton Motor Inc.
• FAW Group Corporation
• Sinotruk Limited
• ISUZU Motors Limited
• JSGS Company Ltd.
MAJOR TOC OF THE REPORT
Chapter One: Oil Tank Trucks Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Oil Tank Trucks Market Competition, by Players
Chapter Four: Global Oil Tank Trucks Market Size by Regions
Chapter Five: North America Oil Tank Trucks Revenue by Countries
Chapter Six: Europe Oil Tank Trucks Revenue by Countries
Chapter Seven: Asia-Pacific Oil Tank Trucks Revenue by Countries
Chapter Eight: South America Oil Tank Trucks Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Oil Tank Trucks by Countries
Chapter Ten: Global Oil Tank Trucks Market Segment by Type
Chapter Eleven: Global Oil Tank Trucks Market Segment by Application
Chapter Twelve: Global Oil Tank Trucks Market Size Forecast (2019-2026)
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