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Metal Tank Manufacturing in the US - Industry Market Research Report

  • ID: 239469
  • Report
  • December 2020
  • Region: United States
  • 52 pages
  • IBISWorld
Tanks a Lot: Rising Steel Prices May Contribute to Higher Selling Prices and Revenue

Metal Tank Manufacturing in the US

The Metal Tank Manufacturing industry has experienced some volatility over the five years to 2019. The industry depends on a few key markets to purchase its products, including the industrial manufacturing, farming and dairy markets. Some products have become standardized, causing companies to increasingly compete based on price. These trends have increased import penetration while decreasing export revenue. Over the five years to 2024, the industry is expected to rebound, albeit at a slow rate.

Operators in this industry manufacture tanks, vessels and other containers by cutting, forming and joining heavy-gauge metals. Industry products include acetylene cylinders, cryogenic tanks, farm storage tanks, fermentation tanks, gas storage tanks, liquefied petroleum gas cylinders, oil storage tanks, septic tanks, storage tanks, water tanks and vats. Industry operators may also provide valued-added services such as installation and product design.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Note: Product cover images may vary from those shown
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Worthington Industries Inc.
Note: Product cover images may vary from those shown

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