Tank Wagons Global Market Report 2022 – By Tank Pressure Type (Pressurized Railraod tank car, General Purpose or Non-Pressurized tank car), By Protection Type (Insulated, Non-insulated), By Application (Crude Oil, Ethanol, Liquefied Gases, Bio Fuels, Milk, Chemicals, Other Applications) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : April 2022 | SKU CODE : | Delivery Time: 2-3 business days | Format :


The tank wagons market consists of sales of tank wagons rail freight transportation services and related goods by entities (organizations, sole traders, and partnerships) that provide the transportation of freight in a tank wagon. Tank Wagons are a type of railroad car or rolling stock that are designed to transport liquid and gaseous commodities on the rail transport system. Only goods and services traded between entities or sold to end consumers are included.

The main types of tank wagons covered in this report are pressurized railroad tank cars and general-purpose or non-pressurized tank cars. The pressurized railroad tank car was designed to carry chemicals and petroleum products efficiently and safely. It is also segmented by protection type into insulated and non-insulated and by application into crude oil, ethanol, liquefied gases, biofuels, milk, chemicals, and others.

The global tank wagons market size is expected to grow from $63.4 billion in 2021 to $69.71 billion in 2022 at a compound annual growth rate (CAGR) of 10.0%. The tank wagons market is then expected to grow to $85.8 billion in 2026 at a CAGR of 5.3%.

Increased demand for liquid and gases as a raw material in residential and petrochemicals sectors that use railways as one of the modes of transportation is contributing to the growth of the tank wagon market. This upswing in need is due to lockdown and ban on traveling which has happened worldwide. For instance, according to the Facts Global Energy (FGE) data, India is expected to buy 15.8 million tons of LPG from abroad in the 2020 year which is 9% more than in 2019. Furthermore, FGE has also estimated that the Asia region will buy 67-69.5 million tons of gas from abroad in 2020, which will be 1-3% more than that of 2019. Due increase in the need for PPE kits and cooking at home is causing a rise in demand for liquid and gas which is fulfilled with help of tank wagons to carry tons of these materials, thus driving the tank wagon market.

The increased rate of accidents due to the high speed of railways is expected to limit the growth of the tank wagon market. These high accident rates can hamper the service provided by the rail tank wagons and also loss of economy and fuel. For instance, in June 2020, in Andhra Pradesh, a state in India, tank wagons carrying oil got derailed due to high speed and caught fire which caused huge combustion of the oil. In February 2020, in Canada, a train with 19 wagons carrying dangerous goods got derailed due to high speed causing an explosive fire. This led to the imposition of trains carrying hazardous goods. Thus, a rise in accidents is hampering the revenues generated for the tank wagons market.

The launch of the internet of things (IoT) to fast-track the safety and compliance of rail tanks have created immense demand in the tank wagons market. The Internet of Things (IoT) empowers rail administrators to use internet-connected communication devices installed across infrastructure and rolling stock to increase safety. Moreover, there are many apps such as the safety lock app, terminal automation app, and anti-roll-away apps rolled out by TCS to digitalize the tank wagons.

In July 2019, Greenbrier, a US-based railroad transportation company, announced the acquisition of American Railcar Industries manufacturing business for $430 million. The acquisition is expected to enable Greenbrier to provide customers not only with direct sales or leasing options but also with after-market services and also to help customers seeking tank cars and covered hoppers. American Railcar Industries is a US-based company that manufactures railroad rolling stock.

Major players in the tank wagons market are American Railcar Industries Inc., GATX, National Steel Car, The Greenbrier Companies, Trinity Industries Inc., Vertex Railcar, Union tank car company, American-Rails, Chongqing ChagnZheng Heavy Industry, TrinityRail Products, Caterpillar, Japan Oil Transportation., Kelso Technologies Inc, OmBesco Limited, Procor Limited, and VTG Aktiengesellschaft.

Asia Pacific was the largest region in the tank wagons market in 2021. North America was the second largest region in the tank wagons market. The regions covered in the tank wagon market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the tank wagons market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The global tank wagons market is segmented -

1) By Tank Pressure Type: Pressurized Railroad Tank Car, General Purpose or Non-Pressurized Tank Car

2) By Protection Type: Insulated, Non-Insulated

3) By Application: Crude Oil, Ethanol, Liquefied Gases, Bio Fuels, Milk, Chemicals, Others

    Table Of Contents

    1. Executive Summary

    2. Tank Wagons Market Characteristics

    3. Tank Wagons Market Trends And Strategies

    4. Impact Of COVID-19 On Tank Wagons

    5. Tank Wagons Market Size And Growth

    5.1. Global Tank Wagons Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Tank Wagons Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Tank Wagons Market Segmentation

    6.1. Global Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Pressurized Railraod tank car

    General Purpose or Non-Pressurized tank car

    6.2. Global Tank Wagons Market, Segmentation By Protection Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Insulated

    Non-insulated

    6.3. Global Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Crude Oil

    Ethanol

    Liquefied Gases

    Bio Fuels

    Milk

    Chemicals

    Other Applications

    7. Tank Wagons Market Regional And Country Analysis

    7.1. Global Tank Wagons Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Tank Wagons Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Tank Wagons Market

    8.1. Asia-Pacific Tank Wagons Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8.3. Asia-Pacific Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Tank Wagons Market

    9.1. China Tank Wagons Market Overview

    9.2. China Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    9.3. China Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Tank Wagons Market

    10.1. India Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    10.2. India Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Tank Wagons Market

    11.1. Japan Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11.2. Japan Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Tank Wagons Market

    12.1. Australia Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12.2. Australia Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Tank Wagons Market

    13.1. Indonesia Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13.2. Indonesia Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Tank Wagons Market

    14.1. South Korea Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14.2. South Korea Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Tank Wagons Market

    15.1. Western Europe Tank Wagons Market Overview

    15.2. Western Europe Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15.3. Western Europe Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Tank Wagons Market

    16.1. UK Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16.2. UK Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Tank Wagons Market

    17.1. Germany Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17.2. Germany Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Tank Wagons Market

    18.4. France Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18.5. France Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Tank Wagons Market

    19.1. Eastern Europe Tank Wagons Market Overview

    19.2. Eastern Europe Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19.3. Eastern Europe Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Tank Wagons Market

    20.1. Russia Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20.2. Russia Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Tank Wagons Market

    21.1. North America Tank Wagons Market Overview

    21.2. North America Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21.3. North America Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Tank Wagons Market

    22.1. USA Tank Wagons Market Overview

    22.2. USA Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22.3. USA Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Tank Wagons Market

    23.1. South America Tank Wagons Market Overview

    23.2. South America Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23.3. South America Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Tank Wagons Market

    24.1. Brazil Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24.2. Brazil Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Tank Wagons Market

    25.1. Middle East Tank Wagons Market Overview

    25.2. Middle East Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25.3. Middle East Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Tank Wagons Market

    26.1. Africa Tank Wagons Market Overview

    26.2. Africa Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26.3. Africa Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Tank Wagons Market Competitive Landscape And Company Profiles

    27.1. Tank Wagons Market Competitive Landscape

    27.2. Tank Wagons Market Company Profiles

    27.2.1. American Railcar Industries Inc.

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. GATX

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. National Steel Car

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. The Greenbrier Companies

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Trinity Industries Inc.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Tank Wagons Market

    29. Tank Wagons Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Tank Wagons Market, Segmentation By Protection Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Tank Wagons Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Tank Wagons Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: China, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: China, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: India, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: India, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: Japan, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Japan, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Australia, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Australia, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Indonesia, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Indonesia, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: South Korea, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: South Korea, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: Western Europe, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: Western Europe, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: UK, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: UK, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Germany, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Germany, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: France, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: France, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 30: Eastern Europe, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 31: Eastern Europe, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 32: Russia, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 33: Russia, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 34: North America, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 35: North America, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 36: USA, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 37: USA, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 38: South America, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 39: South America, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 40: Brazil, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 41: Brazil, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 42: Middle East, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 43: Middle East, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 44: Africa, Tank Wagons Market, Segmentation By Tank Pressure Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 45: Africa, Tank Wagons Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 46: American Railcar Industries Inc. Financial Performance
  • Table 47: GATX Financial Performance
  • Table 48: National Steel Car Financial Performance
  • Table 49: The Greenbrier Companies Financial Performance
  • Table 50: Trinity Industries Inc. Financial Performance

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