The global water tank market size reached US$ 3.88 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 4.98 Billion by 2028, exhibiting a CAGR of 4.25% during 2022-2028. The escalating demand for fresh drinking water, increasing sales of portable water storage tanks, and the growing employment of water tanks in municipal corporations to supply clean drinking water represent some of the key factors driving the market.
A water tank collects clean water from reverse osmosis systems or other filter systems for later use and timely access. It comprises water butts and rainwater harvesting systems, baffled water tanks, and above and below ground tanks. It is manufactured from plastic, steel, fiberglass, stone, or concrete. It is widely available in various sizes, designs, and specifications and can be used in homes, commercial complexes, and large-scale industrial or municipal enterprises. It is cost-effective and easy to install and maintain while providing water for emergency fire suppression, irrigation, farming, plants and livestock, and chemical manufacturing. It helps extend the life of the pump by protecting the pump from short cycling. It ensures immediate access to pressurized water for showers or any household chores. It is coated with linings and cathodic protection that act as a physical barrier between the wall and water to prevent corrosion.
The report has provided a detailed breakup and analysis of the water tank market based on the type. This includes steel, plastic, fiberglass, and others. According to the report, plastic represented the largest segment.
A detailed breakup and analysis of the water tank market based on the installation has also been provided in the report. This includes underground, outdoor, and indoor. According to the report, outdoor accounted for the largest market share.
A detailed breakup and analysis of the water tank market based on end-user has also been provided in the report. This includes residential, commercial, industrial, and others.
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Asia Pacific was the largest market for water tank. Some of factors driving the Asia Pacific water tank market included the growing population, rising construction of residential buildings, increasing scarcity of drinking water, etc.
A water tank collects clean water from reverse osmosis systems or other filter systems for later use and timely access. It comprises water butts and rainwater harvesting systems, baffled water tanks, and above and below ground tanks. It is manufactured from plastic, steel, fiberglass, stone, or concrete. It is widely available in various sizes, designs, and specifications and can be used in homes, commercial complexes, and large-scale industrial or municipal enterprises. It is cost-effective and easy to install and maintain while providing water for emergency fire suppression, irrigation, farming, plants and livestock, and chemical manufacturing. It helps extend the life of the pump by protecting the pump from short cycling. It ensures immediate access to pressurized water for showers or any household chores. It is coated with linings and cathodic protection that act as a physical barrier between the wall and water to prevent corrosion.
Water Tank Market Trends:
At present, the increasing demand for portable water storage tanks in commercial applications, such as aquaculture, construction, and agriculture, represents one of the key factors supporting the growth of the market. Besides this, there is a rise in the demand for water storage due to the growing population across the globe. This, along with increasing investments by individuals in household products, is propelling the growth of the market. In addition, governing agencies of several countries are implementing stringent regulations for the conservation and consumption of water. They are also focusing on installing water storage tanks to avoid scarcity of water, which is offering lucrative growth opportunities to industry investors. Moreover, key players are investing in research and development (R&D) activities to develop assorted types of tanks for specific new applications. Apart from this, the escalating demand for fresh drinking water on account of depleting groundwater reserves around the world is propelling the growth of the market. Additionally, there is an increase in the utilization of water tanks in the residential sector across the globe to store water when pipelines are not available. This, coupled with the rising employment of water tanks in municipal corporations to supply clean drinking water across cities, is bolstering the growth of the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global water tank market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on type, installation, and end-user.Type Insights:
- Steel
- Plastic
- Fiberglass
- Others
The report has provided a detailed breakup and analysis of the water tank market based on the type. This includes steel, plastic, fiberglass, and others. According to the report, plastic represented the largest segment.
Installation Insights:
- Underground
- Outdoor
- Indoor
A detailed breakup and analysis of the water tank market based on the installation has also been provided in the report. This includes underground, outdoor, and indoor. According to the report, outdoor accounted for the largest market share.
End-User Insights:
- Residential
- Commercial
- Industrial
- Others
A detailed breakup and analysis of the water tank market based on end-user has also been provided in the report. This includes residential, commercial, industrial, and others.
Regional Insights:
- North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Asia Pacific was the largest market for water tank. Some of factors driving the Asia Pacific water tank market included the growing population, rising construction of residential buildings, increasing scarcity of drinking water, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global water tank market. Detailed profiles of all major companies have also been provided. Some of the companies include American Tank Company, Beltecno Corporation, Design Tanks Inc (The Purcell Companies), Dn Tanks Inc., Fiber Technology Corporation, Pipeco Group, Promax Plastics Limited, Shawcor Ltd., Sintex Plastics Technology Limited, Tank Connection, Tank Holding Corp., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global water tank market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global water tank market?
- What are the key regional markets?
- Which countries represent the most attractive water tank markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the installation?
- What is the breakup of the market based on the end-user?
- What is the competitive structure of the global water tank market?
- Who are the key players/companies in the global water tank market?
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Water Tank Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Steel
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Plastic
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Fibreglass
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Installation
7.1 Underground
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Outdoor
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Indoor
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End User
8.1 Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Industrial
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
10.1 Overview
10.2 Drivers
10.3 Restraints
10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 American Tank Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Beltecno Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Design Tanks Inc (The Purcell Companies)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Dn Tanks Inc
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Fiber Technology Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Pipeco Group
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Promax Plastics Limited
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Shawcor Ltd.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Sintex Plastics Technology Limited
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Tank Connection
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Tank Holding Corp
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
- Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
Figure 1: Global: Water Tank Market: Major Drivers and Challenges
Figure 2: Global: Water Tank Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Water Tank Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Water Tank Market: Breakup by Type (in %), 2022
Figure 5: Global: Water Tank Market: Breakup by Installation (in %), 2022
Figure 6: Global: Water Tank Market: Breakup by End User (in %), 2022
Figure 7: Global: Water Tank Market: Breakup by Region (in %), 2022
Figure 8: Global: Water Tank (Steel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Water Tank (Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Water Tank (Plastic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Water Tank (Plastic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Water Tank (Fibreglass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Water Tank (Fibreglass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Water Tank (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Water Tank (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Water Tank (Underground) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Water Tank (Underground) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Water Tank (Outdoor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Water Tank (Outdoor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Water Tank (Indoor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Water Tank (Indoor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Water Tank (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Water Tank (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Water Tank (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Water Tank (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Water Tank (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Water Tank (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Water Tank (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Water Tank (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Water Tank Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Water Tank Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Water Tank Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Water Tank Industry: Drivers, Restraints, and Opportunities
Figure 80: Global: Water Tank Industry: Value Chain Analysis
Figure 81: Global: Water Tank Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Water Tank Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Water Tank Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Water Tank Market Forecast: Breakup by Installation (in Million US$), 2023-2028
Table 4: Global: Water Tank Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Water Tank Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Water Tank Market: Competitive Structure
Table 7: Global: Water Tank Market: Key Players
Companies Mentioned
- American Tank Company
- Beltecno Corporation
- Design Tanks Inc (The Purcell Companies)
- Dn Tanks Inc.
- Fiber Technology Corporation
- Pipeco Group
- Promax Plastics Limited
- Shawcor Ltd.
- Sintex Plastics Technology Limited
- Tank Connection
- Tank Holding Corp.
Methodology
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