Boiler, Tank, and Shipping Container Market Report 2026

The boiler, tank, and shipping container market size has grown steadily in recent years. It will grow from $231.58 billion in 2025 to $239.62 billion in 2026 at a compound annual growth rate (CAGR) of 3.5%. The growth in the historic period can be attributed to growth in global trade and shipping activities, expansion of industrial manufacturing sectors, rising demand for bulk liquid storage solutions, increased use of boilers in power generation, growth of food and beverage metal packaging.

The boiler, tank, and shipping container market size is expected to see steady growth in the next few years. It will grow to $284.82 billion in 2030 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to rising infrastructure development projects, increasing demand for cold chain logistics containers, stricter regulations for hazardous material storage, growth in renewable and waste heat recovery systems, expansion of industrial automation facilities. Major trends in the forecast period include rising demand for industrial storage and transportation containers, growing adoption of heavy-gauge metal tanks for hazardous materials, increasing focus on durable and corrosion-resistant materials, expansion of refrigerated and special-purpose containers, rising use of modular and custom-built metal containers.

Advances in wireless technology and miniaturization are expected to drive the growth of the boiler, tank, and shipping container market. Wireless technology refers to communication systems like IoT, LPWAN, and cellular networks, which transmit data without physical connections, while miniaturization involves reducing the size of electronic components so they can be integrated into compact industrial equipment and assets. These advancements enable the incorporation of smart sensors, wireless monitoring devices, and compact control units into boilers, tanks, and shipping containers, facilitating real-time tracking of pressure, temperature, structural integrity, location, and maintenance needs. This results in improved operational efficiency, safety, and regulatory compliance across industrial and logistics operations. For example, in April 2025, the European Commission, the executive branch of the European Union, announced a new €104 million ($0.113 billion) initiative to support next-generation 6G mobile technology research and innovation, further boosting European leadership in the development of cutting-edge mobile networks. Therefore, these advancements in wireless technology and miniaturization are driving the growth of the boiler, tank, and shipping container market.

Robotics and automation to improve plant efficiency and productivity are expected to drive the growth of the boiler, tank, and shipping container market. Robotics and automation involve the use of programmable machines and intelligent systems that perform tasks with minimal human intervention, enhancing speed, precision, and operational consistency in industrial environments. In the context of the boiler, tank, and shipping container market, integrating robotics and automation helps reduce manufacturing cycle times, minimize defects, improve safety when handling heavy components, and ultimately boost plant throughput and cost-efficiency. For example, in September 2025, according to the Association for Advancing Automation (A3), a U.S.-based international trade group for the robotics industry, robot orders in Q3 2025 increased significantly, with 8,806 units valued at USD 574 million. This marked an 11.6% rise in robot units and a 17.2% increase in revenue compared to the same quarter the previous year. As a result, robotics and automation are driving the growth of the boiler, tank, and shipping container market by enhancing plant efficiency and productivity.

Leading companies in the boiler, tank, and shipping container market are focusing on developing innovative products, such as steam water tube boilers, to improve efficiency, reduce emissions, and cater to various industrial requirements. Steam water tube boilers are designed with water circulating through tubes that are heated externally by steam or hot gases, making them highly efficient for generating high-pressure steam for diverse industrial uses. For example, in January 2023, Babcock Wanson UK Ltd., a machinery manufacturing company based in the UK, introduced FM Pack Water Tube Boilers. These boilers are designed for high steam output, high pressure, and superheated steam applications. They provide improved efficiency, durability, and flexibility to accommodate different fuel types and comply with emissions regulations.

Major companies operating in the boiler, tank, and shipping container market report are China International Marine Containers Group Ltd, BWX Technologies Inc, Doosan Enerbility, Alfa Laval AB, Mitsubishi Heavy Industries Ltd, Babcock and Wilcox Enterprises Inc, Thermax Ltd, Larsen and Toubro Ltd, IHI Corporation, Kawasaki Heavy Industries Ltd, Hitachi Zosen Corporation, Harbin Boiler Company Limited, Shanghai Electric Group Company Limited, Hyundai Heavy Industries Co Ltd, Daewoo Shipbuilding and Marine Engineering Co Ltd, Sumitomo Heavy Industries Ltd, MAN Energy Solutions SE, Foster Wheeler Ltd, John Wood Group plc, McDermott International Ltd.

Asia-Pacific was the largest region in the boiler, tank, and shipping container market in 2025. Western Europe was the second largest region in the boiler, tank, and shipping container market. The regions covered in the boiler, tank, and shipping container market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the boiler, tank, and shipping container market are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The boilers, tanks and shipping containers market consists of sales of dry storage container, open top tanks, and half height containers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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