Asia-Pacific's dominance in
the ISO tank container market can be attributed to robust
industrial and manufacturing sectors, particularly in countries
like China and India, drive substantial demand for bulk
liquid and gas transportation. South
Korea is poised to lead the sector with a CAGR of 8.4% from
2024 to 2034, followed by Japan,
the United Kingdom, and
China with CAGRs of 8%, 7.5%, and
7.1%, respectively.
NEWARK, Del., June 24, 2024 /PRNewswire/ -- The global
ISO tank container market is valued at USD 254.5 million in 2024. The industry is
estimated to grow at a CAGR of 6.3% from 2024 to 2034 to
reach a market size of USD 470
million by 2034.
The growing international trade landscape necessitates
cost-effective and efficient liquid and gas transportation, with
ISO tank containers becoming increasingly popular due to stringent
environmental regulations. These containers ensure cargo integrity
and reduce spills, making them a reliable and legal option.
Technological innovations, such as IoT integration, drive market
expansion. Globalization and supply chain optimization drive demand
for scalable, versatile transportation options. The Asia-Pacific region's rapid urbanization,
industrialization, and economic growth create opportunities for ISO
tank container suppliers and logistics companies. Sustainability
concerns and reduced carbon emissions are expected to affect market
dynamics, increasing demand for ISO tank containers.
Unlock Growth Potential in Your
Industry: https://www.futuremarketinsights.com/reports/sample/rep-gb-19705
Key Takeaways from the Market Report
- The global ISO tank container market is set to reach
USD 470 million by 2034, with
a CAGR of 6.3% from 2024 to 2034.
- Based on transport mode, the road transport segment will likely
record a CAGR of 5.8% through 2034.
- Based on container type, the multi-compartment tank segment
dominated the industry with a market share of 52% in
2023.
- South Korea is anticipated to
record a CAGR of 8.4% between 2024 and 2034.
- Sales in Japan are predicted
to total USD 52 million by
2034.
"Customization is a growing trend in the ISO tank
container market. Businesses catering to evolving consumer needs
will likely see exponential growth," says a Nikhil Kaitwade
(Associate Vice President at Future Market Insights, Inc.)
Who's Winning?
ISO tank container market players like Intermodal Tank
Transport, Bertschi AG, Bulkhaul Limited, and Royal Den Hartogh
Logistics are implementing strategies to stay competitive. They
invest in research, development, customization, geographic
expansion, and sustainability. At the same time, these companies
offer advanced solutions, cater to evolving consumer needs, and
align with environmental regulations.
Customization is a key strategy that assists businesses to stay
ahead in the industry. Companies are progressively expanding their
geographic footprint and tapping into new markets to diversify
their consumer base and access new opportunities for growth.
Industry Updates
- In May 2024, Ohio-based Worthington Enterprises and
Stokota, based in Belgium,
joined hands to co-develop two 20-foot containers. These containers
will be used to transport hydrogen at 380 bar.
- In October 2023, Modalis,
a Japan-based intermodal logistics
solution provider, acquired Italy-based CCFC to launch intermodal
transport units, special ISO containers, and container chassis in
Europe.
Leading ISO Tank Container Brands
- Intermodal Tank Transport
- Bertschi AG
- Bulkhaul Limited
- Royal Den Hartogh Logistics
- HOYER GmbH
- Interflow TCS Ltd.
- New Port Tank
- Sinochain Logistics Co., Ltd.
- Stolt-Nielsen Limited
- VTG Tanktainer GmbH
Get Full Access of this
Report: https://www.futuremarketinsights.com/checkout/19705
Key Segments of Market Report
By Transport Mode:
By transport mode, the sector is divided into road, rail, and
marine.
By Container Type:
Based on container type, the industry is segmented into
multi-compartment tanks, lined tanks, reefer tanks, cryogenic and
gas tanks, and swap body tanks.
By End-use Industry:
By end-use industry, the sector has applications in chemicals,
petrochemicals, food and beverage, pharmaceuticals, industrial gas,
and others.
By Region:
By region, the industrial robot controller industry is spread
across North America, Latin America, Western Europe, Eastern Europe, the Middle East and Africa, South
Asia, and East Asia.
Get More Insights into the ISO Tank Container Market
Report
In its latest report, Future Market Insights (FMI) offers an
unbiased analysis of the ISO tank container market, providing
historical data from 2019 to 2023 and forecast statistics for the
period 2024 to 2034. To understand the industry potential, growth,
and scope, the industry is segmented based on transport mode (road,
rail, and marine), container type (multi-compartment tank, lined
tank, reefer tank, cryogenic and gas tanks, and swap body tank),
end-use industry (chemicals, petrochemicals, food and beverage,
pharmaceuticals, industrial gas, and others), and region
(North America, Latin America, Western Europe, Eastern Europe, the Middle East, Africa, South
Asia, and East Asia).
Report Preview:
https://www.futuremarketinsights.com/reports/iso-tank-container-market
Author By:
Nikhil Kaitwade (Associate Vice President at Future Market
Insights, Inc.) has over a decade of experience in market research
and business consulting. He has successfully delivered 1500+ client
assignments, predominantly in Automotive, Chemicals, Industrial
Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research
methodology, creating a unique analysis framework, statistical data
models for pricing analysis, competition mapping, and market
feasibility analysis. His expertise also extends wide and beyond
analysis, advising clients on identifying growth potential in
established and niche market segments, investment/divestment
decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in
Mechanical Engineering. Nikhil has authored several publications
and quoted in journals like EMS Now, EPR Magazine, and EE
Times.
Explore Future Market Insights, Inc. Extensive Coverage in
Industrial Automation Domain:
The global milk tank cooling systems market is
set to reach a value of US$ 678.0 million. Between 2023 and
2033, a slow 3.4% CAGR is likely to fuel market
acceleration.
The ISO container market is predicted to
capture a valuation of US$ 266.53
million in 2023 and is estimated to rise to US$ 630.97 million by 2033.
The surge tanks market is poised to witness
a CAGR of 4.2% from 2022 to 2032. Over this projection
period, the market share for surge tanks is estimated to reach a
net worth of US$ 2.9 Billion by 2032.
The global bulk terminal industry value reached
USD 18,940 million in 2023. Over the
forecast period, the value is anticipated to rise at 3.9% CAGR. The
market is predicted to increase from USD
19,641 million in 2024 to USD 28,800
million in 2034.
The global gas jet compressor market size will
scale up from USD 3,024.9 million in
2024 to USD 4,697.5 million in
2034.
The United States
solenoid valve industry is estimated to be valued at
USD 1,060.6 million in 2024. Sales of
solenoid valves in the country are projected to soar at 5.2% CAGR
over the next ten years
The global forced draft fan industry size has
an estimated valuation of USD 3,036.4
million in 2024. Forced draft fan market forecast in
2034.
The test and measurement equipment market is set to
exhibit a CAGR of 5.6% through 2034 and industry is valued at
USD 35,684.4 million and is very
likely to surpass USD 61,534.3
million by the end of 2034.
The global variable air volume system
market size is set to be valued at USD 14480 million in 2024. The industry is
anticipated to witness a 10.2% CAGR in the forecast period from
2024 to 2034.
The global inflatable tent market size is estimated to
reach USD 2307.9 million by 2034 at a
CAGR of 7.5% during the forecast period.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the
Stevie Award, and a member of the Greater
New York Chamber of Commerce) offers profound insights into
the driving factors that are boosting demand in the market. FMI
stands as the leading global provider of market intelligence,
advisory services, consulting, and events for the Packaging, Food
and Beverage, Consumer Technology, Healthcare, Industrial, and
Chemicals markets. With a vast team of over 400 analysts worldwide,
FMI provides global, regional, and local expertise on diverse
domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware –
19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
Logo:
https://mma.prnewswire.com/media/1197648/3531122/FMI_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/iso-tank-container-market-size-of-usd-470-million-by-2034-amid-rising-need-for-cost-effective-transportation-for-liquid-and-gas--future-market-insights-inc-302180386.html