Global Virtual Pipeline Market Overview
The virtual pipeline market for tanker trucks, towed trailers, tank containers, and rail tank cars exhibits a notable concentration, with key players such as CIMC Vehicle, Daimler, and PACCAR (Kenworth and Peterbilt) holding significant market shares. This concentration is indicative of the dominance of a few major manufacturers in the industry. Recent strategic initiatives focus on technological advancements, reflecting the concerted efforts of major players to strengthen their positions in this concentrated market. In October 2022, Trinity Industries received a $1.8 billion multi-year railcar supply order from GATX. As per the terms of the deal, Trinity will supply 6,000 tank cars at a rate of 1,200 cars per annum between 2024 and 2028.
Market Introduction
The global virtual pipeline market was valued at $6,130.7 million in 2023 and is expected to reach $14,171.7 million by 2033, with a CAGR of 8.74% from 2023 to 2033. Companies engaged in the manufacturing of tanker trucks and towed trailers for virtual pipeline applications can position themselves strategically by investing in research, developing resilient production infrastructure, and establishing key partnerships. This strategic positioning aligns with the market trend as industries increasingly shift toward sustainable and efficient gas transportation solutions. As the demand for virtual pipeline solutions rises, companies adopting a forward-thinking approach are likely to play a pivotal role in shaping the future of the global virtual pipeline market and meeting the evolving needs of the energy transportation sector.
Industrial Impact
The market dynamics suggest that these leading companies, through their recent strategic initiatives, have the potential to influence competition, pricing strategies, and industry trends. In terms of bargaining power, the concentration of the market may provide suppliers with higher bargaining power, especially for specialized components and materials used in vehicle manufacturing. The potential for forward or backward integration is influenced by the strategic initiatives of companies. For instance, investments in research and development, acquisitions of logistics technology firms, and development of new product lines, as observed in the industry, indicate the possibility of both forward and backward integration strategies being pursued by key players to capture value across the virtual pipeline supply chain.
The key players operating in the global virtual pipeline market include Galileo Technologies S.A., BayoTech, Wabash National Corporation, CIMC Vehicles (Group) Co., Ltd., Daimler Truck AG, PACCAR Inc, Quantum Fuel Systems LLC, Wabash National Corporation, Polar Tank Trailer, HEIL Trailer, Tremcar, CIMC Safeway Technologies Co., Ltd, Jingjiang Asian-Pacific Logistics Equipment Co., Ltd, Square Technology Group Co., Ltd (NTtank), Chart Industries, and Trinity Industries, Inc, among others.
Market Segmentation:
Segmentation 1: by Application
• CNG
• LNG
• HydrogenLNG to Dominate the Global Virtual Pipeline Market (by Application)
The liquefied natural gas (LNG) segment is set to maintain its dominance throughout the forecast period, driven by the escalating demand for reliable and flexible energy distribution solutions, particularly in regions with limited access to traditional pipeline infrastructure. This dominance is attributed to the economic and environmental advantages of LNG, where the refrigeration process enables cost-effective transportation and storage, positioning it as the preferred choice. The growth of virtual pipelines in remote areas has been notable since 2017. For instance, Galileo Technologies further underscored this trend by announcing the supply of 14 Cryobox-Trailer LNG production stations to fuel a new power generation plant in Anchoris, Mendoza Province, Argentina, in 2017. These small-scale liquefaction units are strategically deployed to orphan wells distributed throughout the Malargüe region, showcasing the industry's strategic approaches, successful market introductions, and impact of a progressive regulatory framework shaping the global virtual pipeline market.
Segmentation 2: by Product
• Tanker Trucks
• Towed Trailers
• Tank Containers
• Rail Tank CarsTanker Trucks to Dominate the Global Virtual Pipeline Market (by Product)
The global virtual pipeline market is experiencing a significant transformation, with the tanker trucks segment expected to hold a dominating share throughout the forecast period. This shift is notably propelled by developing countries, particularly due to strong government support advocating for reduced taxes, incentives, and infrastructure development. For instance, in April 2023, GreenLine, a virtual pipeline service provider, unveiled plans to invest $170 million in deploying 1,650 LNG-powered trucks in India by March 2024, with the company aiming to have an operational fleet of 10,000 trucks by March 2026. These initiatives by virtual pipeline service providers explain the broader industry trend where companies harness technological advancements to craft solutions aligning with consumer preferences for efficiency and sustainability. As these pioneers continually refine methodologies and expand their product offerings, the tanker trucks segment in the virtual pipeline market appears poised for sustained growth and potential market dominance.
Segmentation 3: by Region
• North America: U.S., Mexico, and Canada
• Europe: France, Germany, Italy, U.K., and Rest-of-Europe
• Asia-Pacific: China, India, Japan, Australia, South Korea, and Rest-of-Asia-Pacific
• Rest-of-the-World: Brazil, U.A.E., and OthersSome of the prominent names in this market are:
• Galileo Technologies S.A.
• BayoTech
• Wabash National Corporation
• CIMC Vehicles (Group) Co., Ltd.
• Daimler Truck AG
• PACCAR Inc
• Quantum Fuel Systems LLC
• Wabash National Corporation
• Polar Tank Trailer
• HEIL Trailer
• Tremcar
• CIMC Safeway Technologies Co., Ltd
• Jingjiang Asian-Pacific Logistics Equipment Co., Ltd
• Square Technology Group Co., Ltd (NTtank)
• Chart Industries
• Trinity Industries, IncCompanies that are not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).
Global Virtual Pipeline Market Forecast (2023-2033)
Table of Contents
Executive Summary
Scope and Definition
1 Markets
1.1 Trends: Current and Future Impact Assessment
1.1.1 Increasing CNG Demand
1.1.2 Growing Need for Reliable and Flexible Energy Distribution Solutions
1.1.3 Increasing Emphasis on Energy Security for Landlocked Countries
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Distribution Cost Associated with Different Transportation Modes
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Company)
1.3.2 Patent Filing Trend (by Country)
1.4 Regulatory Landscape
1.5 Case Study
1.5.1 Hubner Industries Optimizes Operations with Kinetrex LNG Virtual Pipeline
1.6 Market Dynamics Overview
1.6.1 Market Drivers
1.6.1.1 Increasing Demand for Clean Energy
1.6.1.2 Surge in Remote Energy Needs
1.6.2 Market Restraints
1.6.2.1 Growing Global Momentum toward Renewable Energy
1.6.2.2 Adverse Impact of Diverse Trade Constraints on Road Freight Transport Services
1.6.3 Market Opportunities
1.6.3.1 Driving Energy Security
1.6.3.2 Increasing Government Influence on Virtual Pipeline Growth
1.7 Startup and Investment Landscape
1.7.1 Leading Investment by Startup Companies
2 Application
2.1 Application Segmentation
2.2 Application Summary
2.3 Global Virtual Pipeline Market (by Application)
2.3.1 By Application
2.3.1.1 Compressed Natural Gas (CNG)
2.3.1.2 Liquified Natural Gas (LNG)
2.3.1.3 Hydrogen
3 Products
3.1 Product Segmentation
3.2 Product Summary
3.3 Global Virtual Pipeline Market (by Product)
3.3.1 By Product
3.3.1.1 Tanker Trucks
3.3.1.2 Towed Trailers
3.3.1.3 Tanker Containers
3.3.1.4 Rail Tank Cars
4 Regions
4.1 Regional Summary
4.2 Drivers and Restraints
4.3 North America
4.3.1 Regional Overview
4.3.2 Driving Factors for Market Growth
4.3.3 Factors Challenging the Market
4.3.4 Application
4.3.5 Product
4.3.6 U.S.
4.3.7 U.S. Virtual Pipeline Market (by Application)
4.3.8 U.S. Virtual Pipeline Market (by Product)
4.3.9 Canada
4.3.10 Canada Virtual Pipeline Market (by Application)
4.3.11 Canada Virtual Pipeline Market (by Product)
4.3.12 Mexico
4.3.13 Mexico Virtual Pipeline Market (by Application)
4.3.14 Mexico Virtual Pipeline Market (by Product)
4.4 Europe
4.4.1 Regional Overview
4.4.2 Driving Factors for Market Growth
4.4.3 Factors Challenging the Market
4.4.4 Application
4.4.5 Product
4.4.6 France
4.4.7 France Virtual Pipeline Market (by Application)
4.4.8 France Virtual Pipeline Market (by Product)
4.4.9 Germany
4.4.10 Germany Virtual Pipeline Market (by Application)
4.4.11 Germany Virtual Pipeline Market (by Product)
4.4.12 U.K.
4.4.13 U.K. Virtual Pipeline Market (by Application)
4.4.14 U.K. Virtual Pipeline Market (by Product)
4.4.15 Italy
4.4.16 Italy Virtual Pipeline Market (by Application)
4.4.17 Italy Virtual Pipeline Market (by Product)
4.4.18 Rest-of-Europe
4.4.19 Rest-of-Europe Virtual Pipeline Market (by Application)
4.4.20 Rest-of-Europe Virtual Pipeline Market (by Product)
4.5 Asia-Pacific
4.5.1 Regional Overview
4.5.2 Driving Factors for Market Growth
4.5.3 Factors Challenging the Market
4.5.4 Application
4.5.5 Product
4.5.6 China
4.5.7 China Virtual Pipeline Market (by Application)
4.5.8 China Virtual Pipeline Market (by Product)
4.5.9 India
4.5.10 India Virtual Pipeline Market (by Application)
4.5.11 India Virtual Pipeline Market (by Product)
4.5.12 Japan
4.5.13 Japan Virtual Pipeline Market (by Application)
4.5.14 Japan Virtual Pipeline Market (by Product)
4.5.15 Australia
4.5.16 Australia Virtual Pipeline Market (by Application)
4.5.17 Australia Virtual Pipeline Market (by Product)
4.5.18 South Korea
4.5.19 South Korea Virtual Pipeline Market (by Application)
4.5.20 South Korea Virtual Pipeline Market (by Product)
4.5.21 Rest-of-Asia-Pacific
4.5.22 Rest-of-Asia-Pacific Virtual Pipeline Market (by Application)
4.5.23 Rest-of-Asia-Pacific Virtual Pipeline Market (by Product)
4.6 Rest-of-the-World
4.6.1 Regional Overview
4.6.2 Driving Factors for Market Growth
4.6.3 Factors Challenging the Market
4.6.4 Application
4.6.5 Product
4.6.6 Brazil
4.6.7 Brazil Virtual Pipeline Market (by Application)
4.6.8 Brazil Virtual Pipeline Market (by Product)
4.6.9 U.A.E.
4.6.10 U.A.E. Virtual Pipeline Market (by Application)
4.6.11 U.A.E. Virtual Pipeline Market (by Product)
4.6.12 Others
4.6.13 Others Virtual Pipeline Market (by Application)
4.6.14 Others Virtual Pipeline Market (by Product)
5 Markets - Competitive Benchmarking & Company Profiles
5.1 Next Frontiers
5.2 Geographic Assessment
5.2.1 Tanker Trucks and Towed Trailer Manufacturer
5.2.1.1 Galileo Technologies S.A.
5.2.1.1.1 Overview
5.2.1.1.2 Top Products/Product Portfolio
5.2.1.1.3 Top Competitors
5.2.1.1.4 Target Customers
5.2.1.1.5 Key Personnel
5.2.1.1.6 Analyst View
5.2.1.1.7 Market Share
5.2.1.2 BayoTech
5.2.1.2.1 Overview
5.2.1.2.2 Top Products/Product Portfolio
5.2.1.2.3 Top Competitors
5.2.1.2.4 Target Customers
5.2.1.2.5 Key Personnel
5.2.1.2.6 Analyst View
5.2.1.2.7 Market Share
5.2.1.3 CIMC Vehicles (Group) Co., Ltd.
5.2.1.3.1 Overview
5.2.1.3.2 Top Products/Product Portfolio
5.2.1.3.3 Top Competitors
5.2.1.3.4 Target Customers
5.2.1.3.5 Key Personnel
5.2.1.3.6 Analyst View
5.2.1.3.7 Market Share
5.2.1.4 Daimler Truck AG
5.2.1.4.1 Overview
5.2.1.4.2 Top Products/Product Portfolio
5.2.1.4.3 Top Competitors
5.2.1.4.4 Target Customers
5.2.1.4.5 Key Personnel
5.2.1.4.6 Analyst View
5.2.1.4.7 Market Share
5.2.1.5 PACCAR Inc
5.2.1.5.1 Overview
5.2.1.5.2 Top Products/Product Portfolio
5.2.1.5.3 Top Competitors
5.2.1.5.4 Target Customers
5.2.1.5.5 Key Personnel
5.2.1.5.6 Analyst View
5.2.1.5.7 Market Share
5.2.1.6 Quantum Fuel Systems LLC
5.2.1.6.1 Overview
5.2.1.6.2 Top Products/Product Portfolio
5.2.1.6.3 Top Competitors
5.2.1.6.4 Target Customers
5.2.1.6.5 Key Personnel
5.2.1.6.6 Analyst View
5.2.1.6.7 Market Share
5.2.1.7 Wabash National Corporation
5.2.1.7.1 Overview
5.2.1.7.2 Top Products/Product Portfolio
5.2.1.7.3 Top Competitors
5.2.1.7.4 Target Customers
5.2.1.7.5 Key Personnel
5.2.1.7.6 Analyst View
5.2.1.7.7 Market Share
5.2.1.8 Polar Tank Trailer
5.2.1.8.1 Overview
5.2.1.8.2 Top Products/Product Portfolio
5.2.1.8.3 Top Competitors
5.2.1.8.4 Target Customers
5.2.1.8.5 Key Personnel
5.2.1.8.6 Analyst View
5.2.1.8.7 Market Share
5.2.1.9 HEIL TRAILER
5.2.1.9.1 Overview
5.2.1.9.2 Top Products/Product Portfolio
5.2.1.9.3 Top Competitors
5.2.1.9.4 Target Customers
...
5.2.3.1 Chart Industries
5.2.3.1.1 Overview
5.2.3.1.2 Top Products/Product Portfolio
5.2.3.1.3 Top Competitors
5.2.3.1.4 Target Customers
5.2.3.1.5 Key Personnel
5.2.3.1.6 Analyst View
5.2.3.1.7 Market Share
5.2.3.2 Trinity Industries, Inc
5.2.3.2.1 Overview
5.2.3.2.2 Top Products/Product Portfolio
5.2.3.2.3 Top Competitors
5.2.3.2.4 Target Customers
5.2.3.2.5 Key Personnel
5.2.3.2.6 Analyst View
5.2.3.2.7 Market Share
6 Research Methodology
6.1 Data Sources
6.1.1 Primary Data Sources
6.1.2 Secondary Data Sources
6.1.3 Data Triangulation
6.2 Market Estimation and ForecastGet a free sample report
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