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Tank & Refrigeration Trucking in the US - Industry Market Research Report

  • June 2017
  • 37 pages
  • Ibisworld
Report ID: 499608

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Long haul: Continued economic recovery will further lift demand for industry services

Abstract
Tank & Refrigeration Trucking in the US

Over the five years to 2017, demand for the Tank and Refrigeration Trucking industry’s services has increased amid improving conditions in the US economy. In particular, strong growth in US oil and gas production has overwhelmed US pipeline infrastructure, causing increasing volumes of oil, gas and related chemicals to be transported by tanker trucks. Additionally, steady increases in per capita disposable income have fueled consumer spending, stimulating demand for the transportation of manufacturing inputs, automobiles and other specialized freight.

Over the five years to 2022, industry revenue is forecast to continue increasing, as increased consumer spending, rising construction activity and growing oil and gas production continue to bolster demand for industry services. Additionally, a projected increase in the price of diesel will enable operators to generate substantial revenue through fuel surcharges, though operators will also experience mounting competition from railways, cargo ships and other forms of specialized freight transportation.

This industry comprises operators that provide long-distance specialized transportation of cargo using trucks and trailers. The industry moves cargo that, because of size, weight, shape or other characteristics, requires specialized equipment for transportation. Companies within this industry transport items such as automobiles, gravel, sand, dirt, chemicals, frozen goods, livestock, milk and petroleum.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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