CORRECTING and REPLACING Global Tank Container Shipping Market Value to Increase Over 42 Thousand TEU During 2020-2024 | Growth of Seaborne Trade to Drive Market in New Normal | Technavio

·5 min read

Please replace the release dated Dec. 1, 2020 with the following corrected version due to multiple revisions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201201005890/en/

Technavio has announced its latest market research report titled tank container shipping market during 2020-2024 (Graphic: Business Wire)

The updated release reads:

GLOBAL TANK CONTAINER SHIPPING MARKET VALUE TO INCREASE OVER 42 THOUSAND TEU DURING 2020-2024 | GROWTH OF SEABORNE TRADE TO DRIVE MARKET IN NEW NORMAL | TECHNAVIO

The tank container shipping market is expected to grow by 42.24 thousand TEU, progressing at a CAGR of over 1% during the forecast period.

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The growing seaborne trade is one of the major factors propelling the market growth. However, factors such as increased use of alternate energy sources will hamper growth.

More details: https://www.technavio.com/report/tank-container-shipping-market-industry-analysis

Tank Container Shipping Market: End-user Landscape

Based on the end-users, the oil and gas segment generated maximum revenue for the market in 2019. This can be attributed to the rising demand for liquid hydrocarbons, crude oil, petrochemicals, and polymer resins across the world. The market growth in the segment will be significant over the forecast period.

Tank Container Shipping Market: Geographic Landscape

By geography, APAC is going to have a lucrative growth during the forecast period. About 63% of the market’s overall growth is expected to originate from APAC. The growth of the market in APAC will be driven by the rising exploration and production (E&P) activities by oil and gas companies in the region.

China and India are the key markets for tank container shipping in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Related Reports on Industrials Include:

Global Container Leasing Market - Global container leasing market is segmented by container type (dry containers, reefer containers, tank containers, and special containers) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Global Automated Container Terminal Market - Global automated container terminal market is segmented by product (Equipment and Software) and geography (APAC, Europe, North America, South America, and MEA). Click Here to Get an Exclusive Free Sample Report

Companies Covered:

  • Bertschi AG

  • Bulkhaul Ltd.

  • Den Hartogh Holding BV

  • Eagletainer Logistics Pte Ltd

  • Gruber GmbH & Co. KG

  • HOYER GmbH

  • Intermodal Tank Transport Inc.

  • NewPort Tank

  • Stolt-Nielsen Ltd.

  • Suttons Transport Group Ltd

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, until 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by End-user

  • Market segments

  • Comparison by End-user

  • Oil and gas - Market size and forecast 2019-2024

  • Chemical - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by End-user

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • Europe - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

  • Competitive scenario

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Bertschi AG

  • Bulkhaul Ltd.

  • Den Hartogh Holding BV

  • Eagletainer Logistics Pte Ltd

  • Gruber GmbH & Co. KG

  • HOYER GmbH

  • Intermodal Tank Transport Inc.

  • NewPort Tank

  • Stolt-Nielsen Ltd.

  • Suttons Transport Group Ltd

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201201005890/en/

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