Solid metal: A rising global population will likely increase the need for better oil and crop storage solutions, in turn boosting industry exports
Metal tank manufacturers produce and occasional install metal tanks that store various material, including grain, dairy, oil, gas, chemicals and water. Revenue has fallen over the five years to 2023, largely due to pandemic-related disruptions and inflation rising faster than industry volumes and prices. As the broader Canadian economy continues to slow, the industry performance will slide. Overall, industry revenue has dropped at a CAGR 4.9% to $1.2 billion over the five years to 2023, including a decrease of 5.3% in 2023 alone.
The Metal Tank Manufacturing industry in Canada manufactures metal tanks, vessels and other containers by cutting, forming and joining heavy gauge metals. 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.
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's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ag Growth International Inc.
Methodology
LOADING...
