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.