US TANKER TRUCK MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2025 - 2030)

US Tanker Truck Market Report is Segmented by Capacity (Less Than 1, 000 Gallons, Between 1, 000 Gallons and 4, 000 Gallons and More Than 4, 000 Gallons, by Sector Type (Oil and Gas Industry, Food Sector, Health Care Sector, Water Treatment Facilities, Chemical Industry, Construction, Waste Management and Other Sectors). The Report Offers Market Size and Forecasts for all Mentioned Segments in Value USD.

US Tanker Truck Market Size

US Tanker Truck Market Summary

US Tanker Truck Market Analysis

The US TANKER TRUCK MARKET size is estimated at USD 28.09 billion in 2025, and is expected to reach USD 35.90 billion by 2030, at a CAGR of 5.03% during the forecast period (2025-2030).

The tanker truck industry serves a crucial role in transporting various liquids, including petroleum products, chemicals, water, and food substances, across vast distances. The US tanker truck market is influenced by several key drivers, including economic conditions, energy trends, and regulatory frameworks. Fluctuations in oil prices can significantly impact demand for petroleum transportation, affecting tanker truck manufacturers and operators alike.

The tanker truck market is focusing on sustainability and efficiency. Due to the increasing concerns about carbon emissions and environmental impact, stakeholders are seeking ways to reduce fuel consumption and improve overall performance, leading to the adoption of advanced technologies such as aerodynamic designs, lightweight materials, and alternative fuels, enhancing the sustainability of tanker truck operations.

Furthermore, the rise of e-commerce and changing consumer preferences have bolstered the demand for liquid transportation services. From delivering fuel to gas stations to transporting food-grade liquids for online grocery retailers, tanker trucks have a vital role to play in supporting various industries. As the logistics landscape continues to evolve, tanker truck operators are adapting various strategies to meet the demands of a rapidly changing market.

The US tanker truck market presents lucrative opportunities for growth and innovation. With increasing investments in infrastructure development and the adoption of advanced technologies, stakeholders can capitalize on emerging trends to gain a competitive edge. From autonomous driving systems to predictive maintenance solutions, the future of tanker trucking is poised for transformation.

US Tanker Truck Industry Overview

The US Tanker truck market is moderately consolidated with players like Volvo Group, MAN Truck & Bus AG, Mercedes (Daimler), Iveco, Scania AB, Freightliner Trucks, and others.

Players either follow a constructive alliance approach or aggressively launch new trucks in the market. For instance:

• In January 2024, Volvo Trucks introduced a new heavy-duty truck platform tailored for the North American market. It launched a fresh heavy-duty truck lineup for Europe, Australia, and various markets across Asia and Africa.

o These new models prioritize energy efficiency, featuring options such as electric and renewable fuel-powered trucks. These advancements are aimed at lowering CO2 emissions, moving the company closer to its goal of achieving a net-zero emission product range by 2040.

US Tanker Truck Market Leaders

  1. MAN Truck & Bus AG

  2. Iveco

  3. Mercedes (Daimler)

  4. Volvo Group

  5. Scania AB

  6. *Disclaimer: Major Players sorted in no particular order
US TANKER TRUCK MARKET Concentration
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US Tanker Truck Market News

  • In December 2023, Trina Solar, a provider of intelligent solar solutions, introduced its latest lineup of Trina-branded trucks to transport photovoltaic (PV) modules for large-scale solar projects across the United States.
  • This initiative signifies the initial stage of Trina's fleet strategy, with plans underway to transition to electric vehicles for deliveries starting in 2024. Currently, Trina utilizes its Trina Truck for the delivery of materials to over 35% of its utility projects, with sightings of these trucks on major highways across more than ten states in the United States.
  • In April 2023, Daimler Truck, a manufacturer of commercial vehicles, unveiled Rizon, a new brand of medium-duty electric trucks specifically designed for the US market.

US TANKER TRUCK MARKET Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Overview
  • 4.3 Market Restraints
  • 4.4 Value Chain / Supply Chain Analysis
  • 4.5 Porters 5 Force Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Capacity
    • 5.1.1 Less Than 1, 000 Gallons
    • 5.1.2 Between 1, 000 Gallons and 4, 000 Gallons
    • 5.1.3 More Than 4, 000 Gallons
  • 5.2 By Sector Type
    • 5.2.1 Oil and Gas Industry
    • 5.2.2 Food Sector
    • 5.2.3 Healthcare Sector
    • 5.2.4 Water Treatment Facilities
    • 5.2.5 Chemical Industry
    • 5.2.6 Construction
    • 5.2.7 Waste Management
    • 5.2.8 Other Sectors

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Navistar International Corporation
    • 6.2.2 Freightliner Trucks
    • 6.2.3 Scania AB
    • 6.2.4 Tata Motors Limited
    • 6.2.5 Kenworth
    • 6.2.6 Hyundai Motor Company
    • 6.2.7 Iveco
    • 6.2.8 Daimler AG
    • 6.2.9 MAN Truck & Bus AG
    • 6.2.10 Volvo Group
    • 6.2.11 Polar Tank Trailer
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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US Tanker Truck Industry Segmentation

A tanker truck, known as a tanker lorry in some regions, is a specialized vehicle designed for transporting liquids in large quantities. These trucks typically feature a cylindrical tank mounted on a chassis, allowing for the safe and efficient transportation of various substances such as petroleum products, chemicals, water, milk, and food-grade liquids.

The market is segmented by capacity (less than 1,000 gallons, between 1,000 gallons and 4,000 gallons, and more than 4,000 gallons, by sector type (oil and gas industry, food sector, healthcare sector, water treatment facilities, chemical industry, construction, waste management, and other sectors).

By Capacity Less Than 1, 000 Gallons
Between 1, 000 Gallons and 4, 000 Gallons
More Than 4, 000 Gallons
By Sector Type Oil and Gas Industry
Food Sector
Healthcare Sector
Water Treatment Facilities
Chemical Industry
Construction
Waste Management
Other Sectors
By Capacity
Less Than 1, 000 Gallons
Between 1, 000 Gallons and 4, 000 Gallons
More Than 4, 000 Gallons
By Sector Type
Oil and Gas Industry
Food Sector
Healthcare Sector
Water Treatment Facilities
Chemical Industry
Construction
Waste Management
Other Sectors
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US TANKER TRUCK MARKET Market Research FAQs

How big is the US TANKER TRUCK MARKET?

The US TANKER TRUCK MARKET size is expected to reach USD 28.09 billion in 2025 and grow at a CAGR of 5.03% to reach USD 35.90 billion by 2030.

What is the current US TANKER TRUCK MARKET size?

In 2025, the US TANKER TRUCK MARKET size is expected to reach USD 28.09 billion.

Who are the key players in US TANKER TRUCK MARKET?

MAN Truck & Bus AG, Iveco, Mercedes (Daimler), Volvo Group and Scania AB are the major companies operating in the US TANKER TRUCK MARKET.

Which is the fastest growing region in US TANKER TRUCK MARKET?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in US TANKER TRUCK MARKET?

In 2025, the Asia Pacific accounts for the largest market share in US TANKER TRUCK MARKET.

What years does this US TANKER TRUCK MARKET cover, and what was the market size in 2024?

In 2024, the US TANKER TRUCK MARKET size was estimated at USD 26.68 billion. The report covers the US TANKER TRUCK MARKET historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the US TANKER TRUCK MARKET size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Page last updated on: April 19, 2024

US TANKER TRUCK MARKET Industry Report

Statistics for the 2025 US TANKER TRUCK MARKET market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US TANKER TRUCK MARKET analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

US TANKER TRUCK MARKET Report Snapshots

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