Cryogenic Liquid Transport Vehicle Market – Increasing Demand, Current Growth Rate

Cryogenic Liquid Transport Vehicle Market Outlook 2027

Cryogenic liquid transport vehicles are designed to transport liquefied gas, such as ammonia, methane, and natural gas, over longer distances. Liquefied gases are stored in over-the-road-tanker trailer bodies that need to be mounted on the truck chassis.

The global cryogenic liquid transport vehicles market is driven by increase in application of these in laboratories and chemical plants. Moreover, rise in usage of carbon dioxide and liquid nitrogen for the transportation of fruit juices and frozen foods over longer distances is expected to be fuel the market growth.

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However, high operating cost, in terms of fabrication of cryogenic tanks, and increase in raw material cost are expected to hinder this growth. Furthermore, the growth of natural gas consumption in emerging economies is expected create a major opportunity for the vehicle producers across the globe.

The global cryogenic liquid transport vehicle market is segmented based on vehicle type, application, and geography. The vehicle type segment includes non-flammable liquid transport vehicle, flammable liquid transport vehicle, and others. The market based on application is bifurcated into chemistry and others.

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Geographically, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (India, China, Japan, Australia, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Brazil, Turkey, Saudi Arabia, South Africa, and rest of LAMEA).

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Key players operating in the market are Chart (U.S.), APCI (U.S.), Taylor-worton (UK), CPI (U.S.), Cryogenmash (Russia), Cryofab (U.S.), Linde AG (Germany), Praxair (U.S.),Wessington Cryogenics (UK), and Acme Cryogenics (U.S.).

Key Benefits

This study provides an in-depth analysis of the global cryogenic liquid transport vehicle market, in terms of value, to elucidate the imminent investment pockets.
A detailed impact analysis of the current trends, regional market, and future estimations are outlined to single out profitable areas.
In addition, key drivers, restraints, and opportunities through 20172023 are explained to identify the prevailing market opportunities.
Porters Five Forces analysis highlights the potency of suppliers & buyers in the competitive market to facilitate efficient business planning.

Cryogenic Liquid Transport Vehicle Market Key Segments:

By Vehicle Type
Non-flammable Liquid Transport Vehicle
Flammable Liquid Transport Vehicle
Others

By Application
Chemistry
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Taiwan
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
Saudi Arabia
South Africa
Rest of LAMEA

Key Players in the Value Chain:

Chart (U.S.)
APCI (U.S.)
Taylor-worton (UK)
CPI (U.S.)
Cryogenmash (Russia)
Cryofab (U.S.)
Linde AG (Germany)
Praxair (U.S.)
Wessington Cryogenics (UK)
Acme Cryogenics (U.S.)

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