Over the past five years, the Metal Tank Manufacturing industry has had a bumpy recovery from the recession. As the industry's downstream markets, especially the chemical manufacturing industry, began to recover, demand for industry products climbed. Nonetheless, rising competition from imports, the rising popularity of other types of storage tanks and harsh weather patterns have tapered industry growth. While the recent past has been tough for operators, the industry is expected to bounce back in the coming years. Climbing crop, oil, industrial and chemical production will increase demand for industry products.
This industry 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.