Tank & Refrigeration Trucking in the US
The Tank and Refrigeration Trucking industry, which transports a variety of goods requiring specialized equipment, has experienced steady growth in the past five years. The boom in US oil and gas has been a primary driver of growth, as production has outpaced pipeline capacity and boosted the role of industry operators in transporting petroleum products. Other markets for industry services, such as a still stagnant construction sector, have exhibited lukewarm demand, and uncertain economic conditions in Europe and emerging markets present potential headwinds for industry companies dependent on trade. Additionally, declining fuel prices could hamper US oil production and drive down demand from this segment. Nevertheless, continued economic recovery is forecast to drive overall growth in the next five years.
This industry comprises establishments 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.