ISO Tank Container Market

ISO Tank Container Market Size, Share & COVID-19 Impact Analysis, By Transport Mode (Road, Rail, Marine), By Container Type (Multi-Compartment Tank, Lined Tank, Reefer Tank, Cryogenic & Gas Tanks, Swap Body Tank), By End-use Industry (Chemicals, Petrochemicals, Food & Beverage, Pharmaceuticals, Industrial Gas, Others) By Region, And Segment Forecasts, 2023 2031

Manufacturing & Construction | August 2022 | Report ID: EMR0013 | Pages: 164

The global ISO Tank Container Market size was estimated at USD 1.35 billion in 2022 and is expected to reach USD 3.15 billion in 2031 with CAGR 15%. The global ISO container market size was valued at 687.6 thousand units in 2021. The market is projected to grow from 743.0 thousand units in 2022 to 1,463.4 thousand units by 2031, exhibiting a CAGR of 15.0% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with ISO Tank container experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a growth of 9.9% in 2021 as compared to 2020.

Market Growth

ISO Tank containers are international intermodal containers manufactured according to the specifications of the International Organization for Standardization (ISO). The cornerstone of such containers is the capability to withstand extreme environments and ensure the structural integrity imposed on them by movement on land or sea. An ISO standardization ensures the container meets the derived size and durability requirements, so it can be safely and evenly stacked on steamboats and trains etc.

COVID-19 IMPACT:

Supply chain crisis became a commonly used term during the COVID-19 pandemic, when COVID-19 caused tremendous economic disruption around the globe. At the beginning of the pandemic, it was anticipated that naval trading, including ISO Tank container trade, would experience a severe downfall. However, variations in shopping and consumption habits caused by the pandemic, integrate with a rise in e-commerce, as well as lockdown measures, has on contrary resulted in increased import demand for fabricated consumer goods, a large chunk of which is moved in shipping containers.

 

REPORT SCOPE & SEGMENTATION:

Report Attribute

Details

Projected Market Value (2031)

3.15 Billion

Estimated Market Value (2022)

1.35 Billion

Base Year

2022

Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Transport Mode, Application, Region

Segments Covered

By Transport Mode, Container Type, End-use Industry, and Region

Forecast Units

Value (USD Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Market Dynamics

Market Drivers

The petrochemical industry is Holding the highest share of ISO Tank containers in the market, the petrochemical industry pushes forward the growth of these containers due to the demand for fossil fuels that dominate the market, such as oil, gasoline, diesel etc., showing a significant growth rate over the forecast period. High resistance to corrosion and the strength to transport hazardous liquids proves these containers to transport such chemicals safely. Low chances of leakage and greater volume per container works well in a macro-economic point of view in the bulk transport of such petrochemicals globally. Further, the use of petrochemicals in various industries diversifies and boosts the demand, especially from the developed countries, and is predicted to witness a rapid growth over the forecast period.

Market Opportunities

Increasing demand for highly efficient and superior capacity containers is expected to drive the global ISO Tank container market. Steady growth of seaborne trade, growing containerization, increasing application of remote container management solutions, increasing preference for high cube containers is further anticipated to fuel the growth of ISO Tank container in global market. Substantial demand for reefer containers, favorable government regulations pertaining to emissions and increasing need of standardization of containers is pushing the use of eco-friendly refrigerants in shipping containers are expected to present growth opportunities in the coming years. Increasing trade agreement such as NAFTA, ASEAN, etc. are projected to propel the growth of ISO Tank containers in upcoming years.

Market Restraints

ISO Tank container Market handling infrastructures and equipment, including warehousing facility, giant cranes, and inland road & rail access are necessary capital investments that require large amounts of capital. Rising raw material cost of steel over the years has also impacted the cost of ISO Tank containers. Further, the inspection and certification of such containers also add up to the total manufacturing cost. Therefore, due to the afore-mentioned reasons, there has been a hindrance in the ISO Tank container market growth.

Competitive Landscape:

Some of the main manufacturers of ISO Tank Container Market are:

  • Bertschi AG
  • BNH Gas Tanks
  • Bulkhaul Ltd.
  • CARU Containers B.V.
  • China International Marine Containers Co., Ltd.
  • CIMC
  • CMA CGM Group
  • CXIC GROUP
  • Danteco Industries B.V.
  • Den Hartogh Logistics
  • Evergreen Marine Corporation.
  • Hapag-Lloyd
  • Hoover Ferguson Group, Inc.
  • HOYER GmbH
  • Interflow TCS Ltd
  • KINGTANK
  • Maersk Container Industry
  • NewPort Tank Containers
  • OEG Offshore Ltd.
  • Sea Box, Inc.
  • Sinochain Logistics Co., Ltd
  • Suretank
  • Tempohousing
  • TWS GmbH
  • VTG AG
  • W&K Containers, Inc.
  • YMC Container Solutions
  • Other Manufacturers

Regional Analysis

The market report's scope contains five major regions, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. The ISO Tank Container Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with ISO Tank Container market attractiveness as per segments. The report also maps the qualitative impact of various market factors on ISO Tank Container market segments and geographies.

Recent Development

  • Royal Den Hartogh Logistics, a provider of marine logistics service majorly in the Asia Pacific region, merged with MUTO Group, which is an independent logistics service provider for the Korean chemical and petrochemical market. This strategic move expands the regional presence of both organizations.
  • Den Hartogh Holding B.V.’s Board of Directors declared the attainment of maximum shares of XT Logistics. This collaboration will considerably surge Den Hartogh’s ability to deliver logistics services for chemicals in China.
  • Bertschi AG partnered with Mapon. Bertschi AG will conduct training and improvement programs for its drivers to improve the quality of their driving and safety of operations.
  • MOL Chemical Tankers Pte. Ltd. acquired a 20% stake in Den Hartogh Holding B.V. This acquisition strengthened the capacity of Den Hartogh to transport complex chemicals via marine and rail transport.

Segmentations:

By Transport Mode

  • Road
  • Rail
  • Marine

By Container Type

  • Multi-Compartment Tank
  • Lined Tank
  • Reefer Tank
  • Cryogenic & Gas Tanks
  • Swap Body Tank

 

By End-use Industry

  • Chemicals
  • Petrochemicals
  • Food & Beverage
  • Pharmaceuticals
  • Industrial Gas
  • Others (Paints)

By Region

Asia Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Norway
  • Netherlands
  • Sweden
  • United Kingdom
  • France
  • Germany
  • Others

North America

  • United States
  • Canada

Middle East and Africa

  • Turkey
  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Others

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Others

The Report Answers Questions Such As:

  1. How much was the ISO Tank container market worth

Econ Market Research says that the market was valued at 700.6 thousand units in 2021.

  1. At what CAGR will the global ISO Tank container market growth during the forecast period

The global market is estimated to have a noteworthy CAGR of 15.0% during the forecast period.

  1. Who are the key industry players in the ISO Tank Container Market

The leading players in this market are Stolt-Nielsen Limited, HOYER GmbH, Bertschi AG, Bulkhaul Ltd., W&K Containers, Inc., Danteco Industries BV and China International Marine Containers Co., Ltd. among others.

  1. What is the share of major players in the global ISO Tank Container market

The major players in the market constitute approximately 38%-41% of the market, which is majorly owed to their brand image and presence in multiple regions.

 

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

 

Frequently Asked Questions