The North America Tank Truck Market was valued at USD 2.1 billion in 2024 and is estimated to grow at a CAGR of 4.8% to reach USD 3.4 billion by 2034.
North America strong energy and petrochemical industries continue to drive high demand for tank trucks, which are essential for transporting crude oil, refined petroleum products, and hazardous chemicals. The expansion of shale gas operations and chemical manufacturing hubs further supports this trend.
Major players in the North America tank truck market are Valew, Curry Supply Company, Knapheide Manufacturing Company, Load King, Ledwell & Son Enterprises, Amthor International, Tiger Manufacturing, Klein Products, Niece Equipment, Caterpillar.
To strengthen their position, leading North America tank truck manufacturers and service providers are focusing on fleet modernization, digital transformation, and regional partnerships. Companies are investing in telematics, route analytics, and predictive maintenance platforms to boost operational efficiency and minimize downtime. There's also a strong emphasis on customization, with OEMs offering modular tank designs tailored for specific applications such as dust suppression, chemical transport, and food-grade logistics.
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North America strong energy and petrochemical industries continue to drive high demand for tank trucks, which are essential for transporting crude oil, refined petroleum products, and hazardous chemicals. The expansion of shale gas operations and chemical manufacturing hubs further supports this trend.
Rising Adoption of Dust Control Applications
The dust control applications segment held significant share in 2024, driven by construction, mining, and municipal services, where airborne particulate matter poses environmental and operational challenges. Market growth is driven by increased infrastructure projects and stricter air quality regulations. Tank trucks designed for dust suppression are equipped with specialized spray systems and high-capacity water tanks, making them essential for maintaining compliance and visibility on job sites.On-Road to Gain Traction
The on-road segment held sustainable share in 2024, backed by industries such as fuel transport, chemical logistics, and food-grade liquid distribution. Fleet operators prioritize vehicles with enhanced maneuverability, fuel efficiency, and advanced telematics to ensure regulatory compliance and operational transparency. With long-haul logistics continuing to evolve, the on-road segment is seeing consistent investment in safety upgrades and route optimization technologies.New Equipment to Propel
The new equipment segment generated substantial share in 2024, fueled by outdated vehicles with advanced, more efficient tank trucks. Operators are favoring new units that come equipped with digital monitoring, GPS tracking, and improved load handling systems to meet customer expectations and regulatory demands. As a result, OEMs are focusing on faster production cycles, modular tank configurations, and post-sale service offerings to maintain a competitive edge.United States Tank Truck Market
United States tank truck market will grow at a decent CAGR during 2025-2034 supported by a diverse industrial base that includes oil and gas, agriculture, chemicals, and water treatment. The push for domestic manufacturing and energy independence further fuels demand for specialized tankers capable of handling hazardous, flammable, and food-grade liquids. Regional and national fleets are expanding their capabilities through technology adoption, while local operators are investing in multi-purpose tank trucks to remain competitive in a dynamic logistics environment.Major players in the North America tank truck market are Valew, Curry Supply Company, Knapheide Manufacturing Company, Load King, Ledwell & Son Enterprises, Amthor International, Tiger Manufacturing, Klein Products, Niece Equipment, Caterpillar.
To strengthen their position, leading North America tank truck manufacturers and service providers are focusing on fleet modernization, digital transformation, and regional partnerships. Companies are investing in telematics, route analytics, and predictive maintenance platforms to boost operational efficiency and minimize downtime. There's also a strong emphasis on customization, with OEMs offering modular tank designs tailored for specific applications such as dust suppression, chemical transport, and food-grade logistics.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
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Table of Contents
Chapter 1 Methodology
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2024
Chapter 5 Market Estimates & Forecast, by Application, 2021-2034 ($Mn, Units)
Chapter 6 Market Estimates & Forecast, by Product, 2021-2034 ($Mn, Units)
Chapter 7 Market Estimates & Forecast, by Business Model, 2021-2034 ($Mn, Units)
Chapter 8 Market Estimates & Forecast, by Region, 2021-2034 ($Mn, Units)
Chapter 9 Company Profiles
Companies Mentioned
The key companies profiled in this North America Tank Truck market report include:- Caterpillar
- Curry Supply Company
- Knapheide Manufacturing Company
- Ledwell & Son Enterprises
- Oshkosh / Pierce Manufacturing
- REV
- Rosenbauer
- Allquip Water Trucks
- Amthor International
- Beco Equipment Company
- Hills Machinery
- Hydex Solutions
- Klein Products
- Lonestar West
- Mclellan Industries
- ND Defense
- Polar Tank Trailer
- Smith Equipment and Welding
- Tremcar
- Unidex
- West-Mark
- Load King
- Niece Equipment
- Tiger Manufacturing
- Valew
- Custom Truck One Source
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 210 |
| Published | September 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 2.1 Billion |
| Forecasted Market Value ( USD | $ 3.4 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | North America |
| No. of Companies Mentioned | 27 |
