During the recession, the Metal Tank Manufacturing industry experienced dramatic declines in sales as demand from downstream markets waned. Although the industry has not yet fully recovered from this downturn, revenue is anticipated to increase over the five years to 2016. Further industry recovery is expected in the five years to 2021, as demand from downstream industries continues to strengthen.
Operators in this industry manufacture tanks, vessels and other containers by cutting, forming and joining heavy-gauge metals. Industry products include acetylene cylinders, cryogenic tanks, farm storage tanks, fermentation tanks, gas storage tanks, LPG cylinders, oil storage tanks, septic tanks, storage tanks, water tanks and vats. Operators in this industry also install heavy-gauge metal tanks.
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.