Global Tank Wagons Market Size, Share, Leading Players, Growth, Development and Demand Forecast to 2032 | American Railcar Industries Inc., GATX, National Steel Car, The Greenbrier Companies, Trinity Industries Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Tank Wagons market report by The Business Research Company, Increased demand for liquids and gases as a raw material in the residential and petrochemical sectors that use railways as one of the modes of transportation is contributing to the growth of the tank waggon market. This upswing in need is due to the lockdown and ban on travelling which have happened worldwide. For instance, according to the Facts Global Energy (FGE) data, India is expected to buy 15.8 million tonnes of LPG from abroad in the 2020 year, which is 9% more than in 2019. Furthermore, FGE has also estimated that the Asia-Pacific region will buy 67-69.5 million tonnes of gas from abroad in 2020, which will be 1-3% more than in 2019.

The global tank wagon market size will grow from $67.44 billion in 2022 to $70.56 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global tank wagon market size is expected to grow to $82.63 billion in 2027 at a CAGR of 4.0%.

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Major competitors in the Tank Wagons market include 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.

The Tank Wagons market is segmented -

• 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. Asia-Pacific was the largest region in the tank wagons market in 2022.

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Tank wagon refers to a type of railroad car or rolling stock that is used as a tanker designed to transport liquid and gaseous commodities such as hazardous chemicals, oil and gas, crude petroleum oil, and other liquid commodities from fuel stations to rail stations on the rail transport system and on the road transport system to improve safety and reduce the chance of leakage of hazardous liquids.

The Table Of Content For The Tank Wagons Market Include:

1. Executive Summary
2. Tank Wagons Market Characteristics
3. Tank Wagons Market Trends And Strategies
4. Tank Wagons Market - Macro Economic Scenario
5. Tank Wagons Market Size And Growth
……
26. Africa Tank Wagons Market
27. Tank Wagons Market Competitive Landscape And Company Profiles
29. Key Mergers And Acquisitions In The Tank Wagons Market
29. Tank Wagons Market Future Outlook and Potential Analysis
30. Appendix

The "Global Tank Wagons Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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