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.

News provided by

Jun 24, 2024, 10:19 ET

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: [email protected]
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube