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Metal Tank Manufacturing in Ontario

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS ON33242CA

Metal Tank Manufacturing in Ontario industry analysis

Revenue for the Metal Tank Manufacturing industry in Ontario is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely decline at -x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xx locations over the next five years. Industry employment is expected to increase an annualized x.x% to x,xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Metal Tank Manufacturing in Ontario Market Research Report

What’s Included in the Metal Tank Manufacturing in Ontario Market Research Report

Definition of the Metal Tank Manufacturing in Ontario?

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.

What’s included in the Metal Tank Manufacturing in Ontario?

The Metal Tank Manufacturing in Ontario includes manufacturing light gauge metal tanks and vessels, manufacturing gas cylinders, installing heavy gauge metal tanks and on-site fabrication and manufacturing silos and water containment wells. Related terms covered in the Metal Tank Manufacturing in Ontario industry report includes computer technology to aid the design and drafting of a part or product using software tools that can create 2d drawings or 3d models, hollow structures used to store bulk materials such as grain, coal and cement and a trade agreement between the united states, canada and mexico that reduces trade barriers and harmonizes various regulations and standards between the three countries.

Industry Performance of the Metal Tank Manufacturing industry in Ontario

Benchmark the Metal Tank Manufacturing in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Metal Tank Manufacturing in Ontario

#1 in Highest Revenue 34.1% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Metal Tank Manufacturing in Canada


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Metal Tank Manufacturing industry in Ontario

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, bachelorsed, demand from crop production, value of nonresidential construction and world price of steel are impacting Metal Tank Manufacturing in Ontario

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON State Economic profile

Canada Key External Drivers

Demand from crop production
Value of nonresidential construction
World price of steel

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Metal Tank Manufacturing industry in Ontario

Access proprietary data on Census Metropolitan Area in the Metal Tank Manufacturing in Ontario, such as Toronto, Kitchener - Cambridge - Waterloo and St. Catharines - Niagara. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Metal Tank Manufacturing industry in Ontario

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Metal Tank Manufacturing industry in Ontario in 2025?

The market size of the Metal Tank Manufacturing industry in Ontario is $429.8m in 2025.

How many businesses are there in the Metal Tank Manufacturing industry in Ontario in 2025?

There are 59 businesses in the Metal Tank Manufacturing industry in Ontario, which has been declining at an average annual rate of -1.6% from 2020 to 2025.

Has the Metal Tank Manufacturing industry in Ontario grown or declined over the past 5 years?

The market size of the Metal Tank Manufacturing industry in Ontario has been growing at an average annual rate of 0.1% from 2020 to 2025.

How many employees in the Metal Tank Manufacturing industry in Ontario in 2025?

There are 1,577 employees in the Metal Tank Manufacturing industry in Ontario, which has been growing at an average annual rate of 0.1% from 2020 to 2025.