Overview

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

The Tank & Refrigeration Trucking market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$44bn
Annual Growth
12-17
2.0%
Annual Growth
17-22
Profit
Employment
198,940
Business
22,303

Industry Threats & Opportunities

  • Steady increases in per capita disposable income have fueled consumer spending, stimulating industry demand
  • Operators have experienced mounting competition from railways and cargo ships
  • Increasing construction activity will raise demand for the transportation of construction material and equipment

  • shopping_cartBUY NOW TO READ MORE

    Industry Analysis & Industry Trends

    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...

    shopping_cartBUY NOW TO READ MORE

    Industry Report - Industry Investment Chapter

    The Tank and Refrigeration Trucking industry is characterized by a moderate level of capital intensity. In 2017, industry operators are expected to spend $0.25 on capital investments for every dollar spent on labor costs. These labor expenses include the wages and salaries paid to truck drivers, mechanics, cleaners and administrative staff. The nature of long-distance freight transportation means that industry workers frequently endure long working hours, strenuous working conditions and often have strong labor union representation. Furthermore, many drivers spend extended periods of time away from home, and relatively high wages are used to entice drivers to stay in the industry.

    ..

    shopping_cartBUY NOW TO READ MORE

    Additional Insights for the Tank & Refrigeration Trucking Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Tank & Refrigeration Trucking Industry are

  • Optimum capacity utilization
  • Incorporation of long-term sales contracts
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Freight transportation services index and Consumer spending in the Tank & Refrigeration Trucking industry impact industry performance..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Industry Products

    What is the Tank & Refrigeration Trucking Industry?

    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.

    Industry Products
    Bulk liquids and gases
    Climate-controlled packed goods
    Automobiles
    Dry bulk
    Standard packed goods
    Other transportation and value-added services
    Industry Activities
    Long-distance automobile carrier trucking
    Long-distance bulk liquid trucking
    Long-distance agricultural products trucking (including livestock)
    Long-distance flatbed trucking
    Long-distance gravel hauling services
    Long-distance refrigerated and frozen products trucking
    Long-distance garbage and waste hauling
    Long-distance tanker trucking
    Long-distance hazardous and non-hazardous waste hauling services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Freight transportation services index
  • Consumer spending
  • Total trade value
  • US oil and gas production index
  • Value of construction
  • Price of diesel

  • Current Performance
  • Expansion
  • Speed bumps
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Renewed expansion
  • Profit and participation
  • Table: Tank & Refrigeration Trucking Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tank & Refrigeration Trucking Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Frozen Food Production
  • Dairy Product Production
  • Petrochemical Manufacturing
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • Wholesale Trade

  • Key Selling Industries
  • Auto Parts Wholesaling
  • Automobile Wholesaling
  • Gasoline & Petroleum Wholesaling
  • Heating & Air Conditioning Equipment Manufacturing

  • Products & Services
  • Other transportation and value-added services
  • Bulk liquids and gases
  • Climate-controlled packed goods
  • Automobiles
  • Dry bulk
  • Standard packed goods
  • Chart: Tank & Refrigeration Trucking Industry Products and Services Segmentation

  • Demand Determinants
  • Nondurable goods manufacturers
  • Petroleum refineries and chemical processors
  • Automotive manufacturers
  • Agricultural producers
  • Construction companies

  • Major Markets
  • Manufacturers
  • Retailers and wholesalers
  • Chemical and petroleum industries
  • Agriculture clients
  • Other
  • Chart: Major Market Segmentation for the Tank & Refrigeration Trucking Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Tank & Refrigeration Trucking

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tank & Refrigeration Trucking Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Tank & Refrigeration Trucking Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Tank & Refrigeration Trucking Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • US oil and gas production index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Just-In-Time
  • A strategy to improve profitability by reducing inventory and purchasing the raw materials that are needed for the immediate term only.
  • North American Free Trade Agreement (Nafta)
  • A duty-free agreement signed by the governments of Canada, Mexico and the United States, creating a trilateral trade bloc across North America.
  • Reefer
  • Industry term used to describe any climate-controlled shipping container.
  • Truckload
  • Any shipment that weighs more than 10,000 pounds.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Tank & Refrigeration Trucking:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Tank & Refrigeration Trucking market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Tank & Refrigeration Trucking, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear