Saudi Arabia Flexitank Market Size & Outlook, 2022-2030
Saudi Arabia flexitank market, 2018-2030 (US$M)
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Saudi Arabia flexitank market highlights
- The Saudi Arabia flexitank market generated a revenue of USD 6.1 million in 2022 and is expected to reach USD 18.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 15.2% from 2023 to 2030.
- In terms of segment, single trip was the largest revenue generating type in 2022.
- Single Trip is the most lucrative type segment registering the fastest growth during the forecast period.
Flexitank market data book summary
| Market revenue in 2022 | USD 6.1 million |
| Market revenue in 2030 | USD 18.8 million |
| Growth rate | 15.2% (CAGR from 2022 to 2030) |
| Largest segment | Single trip |
| Fastest growing segment | Single Trip |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Trip, Multi Trip |
| Key market players worldwide | Star Bulk Carriers Corp, Packaging Corp of America, Ranpak Holdings Corp Ordinary Shares - Class A, HUYA Inc Class A, Kellanova Co, KION GROUP AG, Transocean Ltd, Truist Financial Corp |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global flexitank market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE flexitank market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 20.3 million by 2030.
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Flexitank Market Scope
Flexitank Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia flexitank market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flexitank market will help companies and investors design strategic landscapes.
Single trip was the largest segment with a revenue share of 93.44% in 2022. Horizon Databook has segmented the Saudi Arabia flexitank market based on single trip, multi trip covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is largely dependent on oil exports and is actively diversifying into other sectors such as tourism, technology, and renewable energy. In 2021, it experienced robust economic recovery due to rising oil prices and increased government spending. The oil industry outlook for Saudi Arabia is closely tied to global oil demand and prices.
The country is one of the world’s largest oil producers and a key member of the OPEC, which plays a significant role in setting global oil prices. In the short-term, the oil industry outlook remains uncertain due to the ongoing global economic recovery from the COVID-19 and efforts to transition to renewable energy generation.
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Target buyers of Saudi Arabia flexitank market databook
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Our clientele includes a mix of flexitank market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia flexitank market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia flexitank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia flexitank market size, by type, 2018-2030 (US$M)
Saudi Arabia Flexitank Market Outlook Share, 2022 & 2030 (US$M)
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