The global oil storage market was valued at $3,180 million in 2016 which is growing at a CAGR of 4.4% from 2017 to 2023 to reach to reach at $4,307 million by 2023.
New York, NY -- (SBWIRE) -- 06/14/2019 -- Oil storage refers to the mechanism used for the safe storage of different petroleum products. Oil storage is a type of trade in which vertically-integrated companies purchase oil for instant delivery, and store it till the oil price increases. The companies keep the oil in storage until the price of oil increases. The crude oil and natural gas are the naturally occurring petroleum resources and are known as refinery feedstocks, which requires appropriate storage. Petroleum products are transported to the storage facilities from oilfields and then to the refineries.
The study methodologies used to examine the Oil Storage Market for the forecast period, 2017-2023 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.
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Scope of the Report:
The researcher assessing the Oil Storage Market dive deep to unearth intangible facts related to the key restraints, opportunities, and threats expected to shape the progress of the industry during the forecast period, 2017 - 2023. Significant evaluation of other factors such as demand and supply status, import and export, distribution channel, consumption volume, and production capability play a vital role in offering business owners, stakeholders and field marketing personnel a competitive edge over others operating in the same space. All important data are presented in self-explanatory charts, tables and graphic images that can be incorporated into any business presentation.
Market Segment by Manufacturers, this report covers:
-Belco Manufacturing Company
-Columbian Steel Tank
-Red Ewald, Inc.
Market Segment by Type, covers:
-Liquefied Petroleum Gas (LPG)
Market Segment by Applications, can be divided into:
-Open Top Tank
-Fixed Roof Tank
-Floating Roof Tank
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The study explores in details about the recent trend fast gaining momentum in the Oil Storage industry due to factors including but not limited to growing customer preference and a sudden rise in their spending capacity. Aspects attributed to the gross margin, profit, supply chain management and product value and their considerable impact on the development of the Oil Storage Market during the forecast period, 2017-2023 is carefully scrutinized during the research.
Estimating the potential size of the Oil Storage industry:
Industry experts conducting the study further estimate the potential of the Oil Storage industry. Such information is important for firms looking to launch an innovative service or product on the market. Industry experts have measured the total volume of the given market. Researchers have calculated the industry in terms of sales by the competitors and end-user – customers. Data on the entire size of the Oil Storage Market for a particular product or a service for the forecast period, 2017 to 2023 covered in the report makes it valuable. This information reveals the upper limit of the Oil Storage industry for a specific product or service.
Exploring growth rate over a period:
Business owners looking to scale up their business can refer this report that contains data regarding the rise in sales within a given consumer base for the forecast period, 2017 to 2023. Product owners can use this information along with the driving factors such as demographics and revenue generated from other products discussed in the report to get a better analysis of their products and services. Besides, the research analysts have compared the market growth rate with the product sales to enable business owners to determine the success or failure of a specific product or service.
The research provides answers to the following key questions:
- What is the estimated size of the Oil Storage Market for the forecast period, 2017 - 2023? What will be the growth rate of the industry during the estimated period?
- What are the prominent driving forces likely to impact the progress of the industry across different regions?
- Who are the major market players occupying a strong foothold in the Oil Storage market? What are the winning strategies adopted by them to stay ahead in the competition?
- What are the potential opportunities for the Oil Storage Market for the forecast period, 2017 - 2023?
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Table of Contents
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porters five forces model
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry
3.4. Top player positioning, 2016
3.5. Market dynamics
188.8.131.52. Need for import and export terminal
184.108.40.206. Increase in demand for mega refining hubs
220.127.116.11. Initiatives for stockpiling large volumes of oil
18.104.22.168. Decline in production & exploration activities
22.214.171.124. Decrease in production investment
126.96.36.199. Increase in oil demand
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