Global LNG Tank Container Market 2017-2021

Overview of the global LNG tank container market

Research analysis of the global LNG tank container market identifies that the increasing preference for intermodal freight transportation will be one of the major factors that will have a positive impact on the growth of the market. The increasing investments in intermodal facilities, which includes depots, container yards, and cargo terminals, to provide more options for shippers which subsequently propel the market growth. The intermodal freight comprises of many advantages which increased the demand for it as it provides various modes for shipping. Additionally, these modes are helping many oil and gas companies for transportation which will boost the market for LNG tank containers. Technavio’s market research analysts predict that this market will grow at a CAGR of almost 7% by 2021.

The reduction in cost by using new and large vessels with high capacity will be one of the latest trends that will gain traction in the LNG tank container market during the next four years. The presence of large LNF container vessels can transport more LNG and comprise of high engine capacity, high bollard pull, large dock space, and increased storage capacity. The implementation of the latest technologies has various advantages which will generate more revenues for the market.

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Competitive landscape and key vendors

Owing to the presence of several large and small-scale vendors, this market appears fragmented and competitive. The players in the market are competing based on tanker delivery speed, price, reliability, safety, and supply chain capacity. Additionally, the demand from logistics companies to monitor the working and advances in various sectors to provide customized services will also boost the market’s growth.

The leading vendors in the market are -

• Chart
• CIMC
• Cryeng Group
• Furuise Europe
• Uralcryomash JSC

The other prominent vendors in the market are AIR WATER PLANT & ENGINEERING, Bewellcn Shanghai Co., Corban Energy Group, Cryocan, Hitachi High-Tech AW Cryo, LUXI Engineering Co., M1 Engineering, THE ROOTSELAARGROUP, and UBH International.

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Segmentation by transportation and analysis of the LNG tank container market

• Marine transportation
• Land transportation

During 2016, the marine transportation segment accounted for the major shares in this market. this is used for shipments of goods, such as food and beverages, LNG by tank containers, and automobiles through the sea and other waterways. The increase in LNG projects from Asian regions will propel the demand for marine transportation.

Geographical segmentation and analysis of the LNG tank container market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the market by 2021. The growth of LNG production in Qatar, the Middle East, will boost the market growth during the forecast period. Additionally, the growing LNG trade in Spain and France will also add advantage to the market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global LNG tank container market?
• What are the key market trends impacting the growth of the global LNG tank container market?
• What are the challenges to market growth?
• Who are the key vendors in the global LNG tank container market?
• What are the market opportunities and threats faced by the vendors in the global LNG tank container market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global LNG tank container market?

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