Truck-based Fuel Tankers Market: Introduction
- Fuel tankers are and have been the backbone of the IC engine-based automotive infrastructure requirement. These trucks have been carrying fuel to the most remote locations and have been keeping the fuel supply chain running smoothly globally.
- Transportation of fuel from oil depots to fuel station is predominantly carried out by tankers and currently, most of the petroleum tankers are fabricated by local fabricators. Fuel truckers receive chassis from OEM manufacturers and fabricate the tank according to their specific needs, locally.
- Compulsory guidelines in regards to loading and unloading of inflammable products such as petroleum based products require periodic quality testing of tankers transporting inflammable products as well as other contents
- These required specifications cannot be fulfilled in a non-standard fitment fuel tanker. Therefore, the demand for OEM fuel tanker is expected to rise globally.
Key Drivers of Truck Based Fuel Tankers Market
- No tank and chassis can be certified safe if the design, material, manufacturing process, and quality do not meet the required standards owing to which maintenance and regular safety checks are a main concern.
- It is a step to be taken by oil companies in which safety features in the vehicles need to be kept updated, which can help reduce filching
- These factors have prompted manufacturers to introduce tailor-made products such as the fully-built tanker especially for fuel delivery. These trucks are designed and built to carry fuel deliveries.
- They also incorporate several advance features that help improve safety in these delivery fuel trucks
Opportunities of Truck Based Fuel Tankers Market
- When fuel is transported, it tends to expand and contract depending on its ambient temperature. It can also move inside the tank and lead to continuously changing center of gravity for the tanker. This potential danger is reduced by tankers being designed with lower centers of gravity, as well as internal baffles, which separate products and add strength to the tanks.
- Some extra safety features that are key to reduce any chances of catastrophe include Electronic Stability Control systems, Safety Valves, Manlids, Internal bulkheads, Fires safety valves, and top loading arm and bottom loading arm.
- Small- or medium-sized trucks can and are being used for delivery of fuel to homes as well as remote locations
Challenges of Truck-based Fuel Tankers Market
- Currently, the mandatory guidelines are not very stringent. Updating of the same are required. They should also be strictly followed by oil companies while delivery of oil.
- Cost of the trucks and awareness about the availability of advance safety features play a vital role, primarily in developing countries
- Demand for fuel tankers may hamper the introduction of more EVs in the market. Improvement of EV charging infrastructure in the near future would drastically reduce the need of fuel supply tankers globally.
- Demand for oil will also reduce as more efficient and frugal engines are developed and introduced into the market
Truck Based Fuel Tankers, Geography
- This software is in high demand globally due to rising demand of cars. Still it is expected to have a bit higher demand in developing countries, where there is a huge automotive boom in the market, as the standard of living improves in these areas.
- The demand for fuel delivery trucks is set to improve mainly for small capacity trucks as fuel delivery services becomes more common.
Key Players Operating for Truck-based Fuel Tankers Market
- AB Volvo
- Tata Motors
- Eicher
- Ashok Leyland
- MAN
- Peterbilt
- Daimler Truck
- SML Isuzu Motors India
- Ashok Leyland
- Hyundai Motor Company
- Kenworth
- Scania AB
- Navistar International Corporation
Truck-based Fuel Tankers Market, by Capacity
- Light-duty Vehicle
- Medium Duty Vehicle
- Heavy-duty Vehicle
Truck-based Fuel Tankers Market, by Tank Material
- Steel
- Aluminum
- Alloy
- Plastic
Truck-based Fuel Tankers Market, by Chassis Type
- Stiff chassis
- Trailer type
Truck-based Fuel Tankers Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Russia
- Spain
- Sweden
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- Turkey
- South Africa
- Rest of Middle East & Africa