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Oil Storage Market to Witness a Pronounce Growth During 2021 To 2030
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Oil Storage Market To See Booming Growth | 112 Pages Report
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Oil Storage Market Growth | Qualitative Analysis 2030
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USD 37.52 billion by 2027 at a CAGR of 4.9% in the foreseeable future. This information is published by Fortune Business Insights™ in its report Oil Storage Terminal Market, 2020-2027 . The terminals for oil storage are crucial for the purpose of supplying oil across the globe. Economies that are majorly dependent on the surplus oil production for their income have such storage terminals. The increasing use of automobiles is expected to boost the demand for such terminals.
According to the annual US motor vehicle production and domestic sales report by the Bureau of Transportation statistics, the year 2019 experienced sales of 10134 units in commercial vehicles and 3544 in passenger ones.