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Metal Tank Manufacturing in Canada - Industry Market Research Report

  • ID: 4062320
  • Report
  • October 2020
  • Region: Canada
  • 49 pages
  • IBISWorld
Solid Metal: Climbing Crop, Oil, Industrial and Chemical Production is Expected to Increase Industry Demand

Metal Tank Manufacturing in Canada

Operators in the Metal Tank Manufacturing industry in Canada design, manufacture and at times install metal tanks that store various materials, including grain, dairy, oil, gas, chemicals and water. Industry revenue has declined over the five years to 2019 largely due to plummeting commodity input prices and a contraction in industrial investment, both of which have consequently reduced demand for industry products. Operators in this industry have recently had to contend with increasing levels of import competition, in addition to the broader implications of this trend that can influence downstream activity. While the past five years have been tough for operators, the industry is expected to slowly recover in the coming years. Industry profit margins are expected to remain stable, with climbing crop, oil, industrial and chemical production expected to increase demand for industry products.

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 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:

  • Ag Growth International Inc.
Note: Product cover images may vary from those shown

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