sales@reportocean.com (Bussiness Sales)
+18882123539 (Us - Toll Free)
+919997112116 (Rest Of World)
Oil Storage Fee Rental Market Size, Share, Competitive Landscape and Trend Analysis Report by Rental Rates, by Capacity, by Tank Location, by Fuel Type : Global Opportunity Analysis and Industry Forecast, 2024-2032

Oil Storage Fee Rental Market Size, Share, Competitive Landscape and...

Home / Categories / Energy and Power
Oil Storage Fee Rental Market Size, Share, Competitive Landscape and Trend Analysis Report by Rental Rates, by Capacity, by Tank Location, by Fuel Type : Global Opportunity Analysis and Industry Forecast, 2024-2032
Oil Storage Fee Rental Market...
Report Code
RO6/128/1085

Publish Date
24/Jun/2024

Pages
200
PRICE
$ 4900 /-
This is a single user license, allowing one specific user access to the product. The product is a PDF.
$ 5400 /-
This is a 1-5 user license, allowing up to five users have access to the product. The product is a PDF.
$ 8700 /-
This is an enterprise license, allowing all employees within your organization access to the product. The product is a PDF..
The global oil storage fee rental market revenue was around US$ 9.6 billion in 2023 and is estimated to reach US$ 13.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2024 to 2032.
Without affecting the oil's physical or chemical characteristics, oil storage tanks are used to store oil. Stainless steel, carbon steel, industrial-strength plastic, and reinforced concrete are among the materials that are frequently utilized in the production of oil storage tanks. With the help of crude oil and petroleum-based products, the materials used to build oil tanks are durable, strong, and resistant to corrosion.
Factors Influencing Market Growth
- Globally increasing urbanization and infrastructure development raised the demand for gas and oil, which in turn raised the demand for oil storage fee rental services, propelling the market's expansion.
- Due to the rapid expansion of the refinery industry and oil terminals, the demand for oil storage fee rental services is increasing, thus expanding the market.
- Tanks for storing oil are essential for controlling changes in oil demand throughout the year. For instance, the demand for heating oil rises in the winter and the demand for gasoline rises in the summer. This also increases the demand for oil storage fee rental services, thus fueling market growth.
- The rise in demand for fuel to power factories and transportation is increasing the demand for oil storage fee rental services, thus driving market growth.
Impact of COVID-19
COVID-19 negatively impacted the market. This is because of subsequent global lockdowns across the world. However, the demand for petroleum products increased as the world economy stabilized. In turn, this gave businesses involved in the global oil storage fee rental market several chances for expansion.
Regional Insights
North America dominated the market in 2023. This is due to the region's infrastructure for petroleum distribution, storage, and refining, which makes it essential to the world's energy trade. 11.3 million barrels of crude oil are produced in the United States every day, which generates a significant demand for the rental of oil storage facilities throughout the North American continent.
Leading Competitors
- PSA International
- Oiltanking GmbH
- Dialog Group Berhad
- Feoso Group.
- Sinopec Kantons Holdings Limited
- Jurong Port Universal Terminal Pte. Ltd
- Royal Vopak
- HORIZON TERMINALS
- Singapore Petroleum Company Limited.
- VTTI.
- PT Pertamina(Persero)
- Other Prominent Players

Segmentation Analysis
The global oil storage fee rental market segmentation focuses on rental rates, capacity, tank location, fuel type, and region.
Segmentation based on Rental Rates
- Monthly
- Weekly
- Daily

Segmentation based on Capacity
- Above 9000 GAL
- 6000 GAL to 8999 GAL
- 3000 GAL-5999 GAL
- 300 GAL-2999 GAL

Segmentation based on Tank Location
- Above Ground Outdoor Storage Tanks
- Above Ground Indoor Storage Tanks
- Underground Storage Tanks

Segmentation based on Fuel Type
- Crude oil
- Gasoline
- Diesel
- Aviation fuel
- Liquefied Petroleum Gas (LPG)
- Naphtha
- Kerosene

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

OUR CLIENTS

500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, UNITED STATES
+18882123539
sales@reportocean.com