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Tank & Refrigeration Trucking in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tank & Refrigeration Trucking Market Research Report | NAICS 48423 | Sep 2016

Long haul: Economic recovery will continue to 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
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • The recent slowdown in the manufacturing sector and falling fuel surcharge rates have temporarily reversed earlier gains
  • Trade has slowed in recent years, further constraining demand for industry trade-related freight operators
  • Over the next five years, the industry will continue to grow steadily
  • ... purchase to read more

Industry Analysis & Industry Trends

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... ... purchase to read more

Industry Report - Industry Products Chapter

Tank and refrigeration trucking companies primarily offer specialized transportation of cargo. Transportation activity can be broken into segments based on method of transport. Transportation methods vary depending on the type of cargo that is being delivered. For example, liquid, chemical or highly combustible cargo is typically transported in tanker trucks, while perishable food items such as diary and meat products travel in climate-controlled vehicles.

Tank trucks

Tank transportation accounts for an estimated 23.9% of industry revenue. Tanker trucking is the industry's preferred method of transporting liquid goods, chemicals, hazardous waste and pressurized and non-pressurized gases and fuels. Tan.. ... purchase 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
  • Output is sold under contract - incorporate 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 US oil and gas production index in the Tank & Refrigeration Trucking industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Tank & Refrigeration Trucking Industry?

    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.

    Industry Products
    Climate controlled carriersTank trucks (liquids and gases)Dry bulk carriers Auto carriersOther transportation
    Industry Activities
    Long-distance automobile carrier truckingLong-distance bulk liquid truckingLong-distance agricultural products trucking (including livestock)Long-distance flatbed truckingLong-distance gravel hauling servicesLong-distance refrigerated and frozen products truckingLong-distance garbage and waste haulingLong-distance tanker truckingLong-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
  • US oil and gas production index
  • Demand from frozen food wholesaling
  • Price of diesel
  • Current Performance
  • Expansion
  • Speed bumps
  • Profit recovers
  • Chart: Revenue Growth
  • Industry Outlook
  • Renewed expansion
  • More pressures on profit
  • 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
  • Tank trucks (liquids and gases)
  • Climate controlled carriers
  • Auto carriers
  • Dry bulk carriers
  • Chart: Tank & Refrigeration Trucking Industry Products and Services Segmentation
  • Demand Determinants
  • Nondurable goods manufacturers
  • Petroleum refineries and chemical processors
  • Automotive manufacturers
  • Agricultural producers
  • Construction and flatbed demand
  • Major Markets
  • Manufacturing
  • Retail and wholesaling
  • Chemical processing
  • Other
  • Agricultural and farming
  • 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
  • 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 (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • US oil and gas production index (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • 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 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.

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