Global Cryogenic Liquid Transport Vehicle Market Size study & Forecast, by Vehicle Type, by Application and Regional Analysis, 2023-2030

Description

List of Tables

Global Cryogenic Liquid Transport Vehicle Market is valued at approximately USD 0.8 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2023-2030. Cryogenic liquid transport vehicles are vehicles created expressly to carry cryogenic liquified gases. Cryogenic liquids are used in a variety of sectors, including the automotive, electronics, food, marine, healthcare, pharmaceutical, and aerospace industries. These transport vehicles, such as cryogenic trailers and tankers have the capacity to maintain fluids in their liquid state. Gases can be liquefied into their cryogenic state for easier and less expensive transportation. Gases such as helium, argon, oxygen, and nitrogen among others require a sizable surface area while they are in their gaseous state. The Cryogenic Liquid Transport Vehicle Market is expanding because of factors such as a rise in demand for Liquefied Natural Gas (LNG) and an increase in demand for cryogenic gases from diverse industries.

The rising trade of liquid natural gas across the globe is catering the market growth. As trade includes the transportation of natural gas from one place to another, resulting in rising demand for vehicles. According to International European Agency report 2020, According to projections, the global LNG trade would expand by 21% from 2019 to 585 billion cubic metres (bcm) of natural gas year by 2025. Further, the need for cryogenic liquids from a variety of industries, including the healthcare, food, and manufacturing industries, has surged in recent years, which has led to growth in the cryogenic liquid transport vehicle market. Furthermore, rising expansion in medical industry is further favouring the market growth. Common cryogenic liquids used in medical and pharmaceutical applications include liquid oxygen and liquid nitrogen. They are used, among other things, in cryosurgery, the freezing and storage of biological samples, and the transportation of vaccines. In addition, rising technological advancements and an increase in the adoption of clean energy sources are creating a lucrative opportunity for market growth. However, high cost of cryogenic liquid transport vehicles stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Cryogenic Liquid Transport Vehicle Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to rising production and trading of liquid natural gas and rising demand from various applications, as well as rising government support for the industry. North America is expected to grow significantly during the forecast period, owing to factors such as rising import and export of various gases in the region, rising trade of pharmaceuticals drugs in the region, and rising development of new vehicles in the region.

Major market player included in this report are:

Chart Industries Inc
Cryogas Equipment Private Limited
Cryogenmash
Cryolor
Eurotank GmbH
FIBA Technologies, Inc.
Karbonsan Pressure Vessel & Trading Co.
Shijiazhuang Enric Gas Equipment Co., Ltd.
Wessington Cryogenics
Zhangjiagang Furui CIT Co., Ltd.

Recent Developments in the Market:

In June 2022, Furui CIT, a division of Zhangjiagang Furui Special Equipment Co., Ltd., delivered the first batch of 100 LNG semi-trailers to customers in Nigeria. As a result, these contract would results in rising market share of the company.
In January 2022, in partnership with Cryogenic Industrial Solutions, Cryolor delivered the first five of seven liquid hydrogen trailers to major industrial gas company Air Liquide and its American affiliate Airgas. The other vehicles are single axle 'B' Train trailers, and the first three trailers (Jumbo) have a maximum payload of 17,990 US gallons.

Global Cryogenic Liquid Transport Vehicle Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Vehicle Type, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Product Type offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Vehicle Type:

Flammable Liquid Transport Vehicle
Non-flammable Liquid Transport Vehicle

By Application:

Liquid Oxygen
Liquid Nitrogen
Liquid Argon
Liquid Hydrogen
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Cryogenic Liquid Transport Vehicle Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Cryogenic Liquid Transport Vehicle Market, by Vehicle Type, 2020-2030 (USD Billion)
- 1.2.3. Cryogenic Liquid Transport Vehicle Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Cryogenic Liquid Transport Vehicle Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Cryogenic Liquid Transport Vehicle Market Dynamics

3.1. Cryogenic Liquid Transport Vehicle Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rise in demand for Liquefied Natural Gas (LNG)
  - 3.1.1.2. Increase in demand for cryogenic gases from diverse industries
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Cryogenic Liquid Transport Vehicle
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising technological advancements
  - 3.1.3.2. Increase in adoption of clean energy sources

Chapter 4. Global Cryogenic Liquid Transport Vehicle Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Cryogenic Liquid Transport Vehicle Market, by Vehicle Type

5.1. Market Snapshot
5.2. Global Cryogenic Liquid Transport Vehicle Market by Vehicle Type, Performance - Potential Analysis
5.3. Global Cryogenic Liquid Transport Vehicle Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
5.4. Cryogenic Liquid Transport Vehicle Market, Sub Segment Analysis
- 5.4.1. Flammable Liquid Transport Vehicle
- 5.4.2. Non-flammable Liquid Transport Vehicle

Chapter 6. Global Cryogenic Liquid Transport Vehicle Market, by Application

6.1. Market Snapshot
6.2. Global Cryogenic Liquid Transport Vehicle Market by Application, Performance - Potential Analysis
6.3. Global Cryogenic Liquid Transport Vehicle Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Cryogenic Liquid Transport Vehicle Market, Sub Segment Analysis
- 6.4.1. Liquid Oxygen
- 6.4.2. Liquid Nitrogen
- 6.4.3. Liquid Argon
- 6.4.4. Liquid Hydrogen
- 6.4.5. Others

Chapter 7. Global Cryogenic Liquid Transport Vehicle Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Cryogenic Liquid Transport Vehicle Market, Regional Market Snapshot
7.4. North America Cryogenic Liquid Transport Vehicle Market
- 7.4.1. U.S. Cryogenic Liquid Transport Vehicle Market
  - 7.4.1.1. Vehicle Type breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Cryogenic Liquid Transport Vehicle Market
7.5. Europe Cryogenic Liquid Transport Vehicle Market Snapshot
- 7.5.1. U.K. Cryogenic Liquid Transport Vehicle Market
- 7.5.2. Germany Cryogenic Liquid Transport Vehicle Market
- 7.5.3. France Cryogenic Liquid Transport Vehicle Market
- 7.5.4. Spain Cryogenic Liquid Transport Vehicle Market
- 7.5.5. Italy Cryogenic Liquid Transport Vehicle Market
- 7.5.6. Rest of Europe Cryogenic Liquid Transport Vehicle Market
7.6. Asia-Pacific Cryogenic Liquid Transport Vehicle Market Snapshot
- 7.6.1. China Cryogenic Liquid Transport Vehicle Market
- 7.6.2. India Cryogenic Liquid Transport Vehicle Market
- 7.6.3. Japan Cryogenic Liquid Transport Vehicle Market
- 7.6.4. Australia Cryogenic Liquid Transport Vehicle Market
- 7.6.5. South Korea Cryogenic Liquid Transport Vehicle Market
- 7.6.6. Rest of Asia Pacific Cryogenic Liquid Transport Vehicle Market
7.7. Latin America Cryogenic Liquid Transport Vehicle Market Snapshot
- 7.7.1. Brazil Cryogenic Liquid Transport Vehicle Market
- 7.7.2. Mexico Cryogenic Liquid Transport Vehicle Market
7.8. Middle East & Africa Cryogenic Liquid Transport Vehicle Market
- 7.8.1. Saudi Arabia Cryogenic Liquid Transport Vehicle Market
- 7.8.2. South Africa Cryogenic Liquid Transport Vehicle Market
- 7.8.3. Rest of Middle East & Africa Cryogenic Liquid Transport Vehicle Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Chart Industries Inc
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Cryogas Equipment Private Limited
- 8.3.3. Cryogenmash
- 8.3.4. Cryolor
- 8.3.5. Eurotank GmbH
- 8.3.6. FIBA Technologies, Inc.
- 8.3.7. Karbonsan Pressure Vessel & Trading Co.
- 8.3.8. Shijiazhuang Enric Gas Equipment Co., Ltd.
- 8.3.9. Wessington Cryogenics
- 8.3.10. Zhangjiagang Furui CIT Co., Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Cryogenic Liquid Transport Vehicle Market, report scope
TABLE 2. Global Cryogenic Liquid Transport Vehicle Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Cryogenic Liquid Transport Vehicle Market estimates & forecasts by Vehicle Type 2020-2030 (USD Billion)
TABLE 4. Global Cryogenic Liquid Transport Vehicle Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Cryogenic Liquid Transport Vehicle Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Cryogenic Liquid Transport Vehicle Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Cryogenic Liquid Transport Vehicle Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Cryogenic Liquid Transport Vehicle Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Cryogenic Liquid Transport Vehicle Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Cryogenic Liquid Transport Vehicle Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Cryogenic Liquid Transport Vehicle Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Cryogenic Liquid Transport Vehicle Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Cryogenic Liquid Transport Vehicle Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Cryogenic Liquid Transport Vehicle Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Cryogenic Liquid Transport Vehicle Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Cryogenic Liquid Transport Vehicle Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Cryogenic Liquid Transport Vehicle Market
TABLE 70. List of primary sources, used in the study of global Cryogenic Liquid Transport Vehicle Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Cryogenic Liquid Transport Vehicle Market, research methodology
FIG 2. Global Cryogenic Liquid Transport Vehicle Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Cryogenic Liquid Transport Vehicle Market, key trends 2022
FIG 5. Global Cryogenic Liquid Transport Vehicle Market, growth prospects 2023-2030
FIG 6. Global Cryogenic Liquid Transport Vehicle Market, porters 5 force model
FIG 7. Global Cryogenic Liquid Transport Vehicle Market, pest analysis
FIG 8. Global Cryogenic Liquid Transport Vehicle Market, value chain analysis
FIG 9. Global Cryogenic Liquid Transport Vehicle Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Cryogenic Liquid Transport Vehicle Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Cryogenic Liquid Transport Vehicle Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Cryogenic Liquid Transport Vehicle Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Cryogenic Liquid Transport Vehicle Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Cryogenic Liquid Transport Vehicle Market, regional snapshot 2020 & 2030
FIG 15. North America Cryogenic Liquid Transport Vehicle Market 2020 & 2030 (USD Billion)
FIG 16. Europe Cryogenic Liquid Transport Vehicle Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Cryogenic Liquid Transport Vehicle Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Cryogenic Liquid Transport Vehicle Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Cryogenic Liquid Transport Vehicle Market 2020 & 2030 (USD Billion)