Industry Statistics and Trends
Tanks, Reservoir & Metal Container Manufacturing in Europe key trends
Supercharged energy prices encourage boiler replacements.
The sharp hike in energy prices means households are replacing older inefficient boilers to bring bills down, taking advantage of government assistance like the Boiler Upgrade Scheme.
Capital expenditure rises as manufacturers develop greener boilers and radiators.
Surging energy prices will drive innovation as manufacturers seek to produce more efficient boilers. For example, the German-based Vaillant Group has already released green gas-fired condensing boilers.
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Tanks, Reservoir & Metal Container Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Tanks, Reservoir & Metal Container Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 5.7 % over the past five years, to reach an estimated €25.8bn in 2024.
Trends and Insights
Supercharged energy prices encourage boiler replacements
- Energy prices are surging – they've been a key driver of the cost-of-living crisis, which is putting many people under financial strain.
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Tanks, Reservoir & Metal Container Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Capital expenditure rises as manufacturers rush to develop greener boilers and radiators, weighing on profitability
- Surging energy prices will drive innovation as manufacturers seek to produce more efficient boilers to reduce household bills. For example, the German-based Vaillant Group has introduced green gas-fired condensing boilers catering to environmentally friendly consumers.
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Revenue
€25.8bn
Employees
180k
Wages
€X.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Tanks, Reservoir & Metal Container Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Vaillant GmbH | 4,248.0 | 240.0 | 5.6 | |
Robert Bosch GmbH | 91,104.3 | 3,687.8 | 4.0 | |
Remeha Group BV | 2,346.8 | 64.3 | 2.7 |
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Tanks, Reservoir & Metal Container Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Tanks, Reservoir & Metal Container Manufacturing industry in Europe in 2024?
The market size of the Tanks, Reservoir & Metal Container Manufacturing industry in Europe is €25.8bn in 2024.
How many businesses are there in the Tanks, Reservoir & Metal Container Manufacturing in Europe industry in 2024?
There are 6,077 businesses in the Tanks, Reservoir & Metal Container Manufacturing industry in Europe, which has declined at a CAGR of 0.3 % between 2019 and 2024.
Has the Tanks, Reservoir & Metal Container Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Tanks, Reservoir & Metal Container Manufacturing industry in Europe has been declining at a CAGR of 5.7 % between 2019 and 2024.
What is the forecast growth of the Tanks, Reservoir & Metal Container Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Tanks, Reservoir & Metal Container Manufacturing industry in Europe is expected to grow.
What does the Tanks, Reservoir & Metal Container Manufacturing in Europe include?
Boilers and Radiators are part of the Tanks, Reservoir & Metal Container Manufacturing industry.
Which countries have the most businesses in the Tanks, Reservoir & Metal Container Manufacturing industry in Europe?
The European country with the most businesses in the Tanks, Reservoir & Metal Container Manufacturing industry is Russia.
How competitive is the Tanks, Reservoir & Metal Container Manufacturing industry in Europe?
The level of competition is high and steady in the Tanks, Reservoir & Metal Container Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Tanks, Reservoir & Metal Container Manufacturing in Greece
- Tanks, Reservoir & Metal Container Manufacturing in Romania
- Tanks, Reservoir & Metal Container Manufacturing in Norway
- Tanks, Reservoir & Metal Container Manufacturing in Hungary
- Tanks, Reservoir & Metal Container Manufacturing in the UK
- Tanks, Reservoir & Metal Container Manufacturing in Germany
- Tanks, Reservoir & Metal Container Manufacturing in Malta
- Tanks, Reservoir & Metal Container Manufacturing in Bosnia & Herzegovina
- Tanks, Reservoir & Metal Container Manufacturing in Austria
- Tanks, Reservoir & Metal Container Manufacturing in France
- Tanks, Reservoir & Metal Container Manufacturing in Lithuania
- Tanks, Reservoir & Metal Container Manufacturing in the Netherlands
- Tanks, Reservoir & Metal Container Manufacturing in Belgium
- Tanks, Reservoir & Metal Container Manufacturing in Italy
- Tanks, Reservoir & Metal Container Manufacturing in Denmark
- Tanks, Reservoir & Metal Container Manufacturing in Cyprus
- Tanks, Reservoir & Metal Container Manufacturing in Latvia
- Tanks, Reservoir & Metal Container Manufacturing in Spain
- Tanks, Reservoir & Metal Container Manufacturing in Portugal
- Tanks, Reservoir & Metal Container Manufacturing in Serbia
- Tanks, Reservoir & Metal Container Manufacturing in Czechia
- Tanks, Reservoir & Metal Container Manufacturing in Sweden
- Tanks, Reservoir & Metal Container Manufacturing in Turkey
- Tanks, Reservoir & Metal Container Manufacturing in Ireland
- Tanks, Reservoir & Metal Container Manufacturing in Estonia
- Tanks, Reservoir & Metal Container Manufacturing in Europe
- Radiator & Boiler Manufacturing in the UK
- Radiator & Boiler Manufacturing in Germany
- Tanks, Reservoir & Metal Container Manufacturing in Luxembourg
- Tanks, Reservoir & Metal Container Manufacturing in Russia
- Tanks, Reservoir & Metal Container Manufacturing in Slovakia
- Tanks, Reservoir & Metal Container Manufacturing in Poland
- Tanks, Reservoir & Metal Container Manufacturing in Finland
- Tanks, Reservoir & Metal Container Manufacturing in Croatia
- Tanks, Reservoir & Metal Container Manufacturing in Slovenia
- Tanks, Reservoir & Metal Container Manufacturing in Bulgaria
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture radiant panels, central heating radiators, boilers for central heating, boiler parts, control valves, pipework and parts for installation in residential, commercial, industrial and institutional buildings. They also manufacture reservoirs, tanks and similar metal containers.
Related Terms
BOILERCONTROL VALVERADIATORWhat's included in this industry?
Boilers Radiators Boiler PartsOther metal containersCompanies
Vaillant GmbHRobert Bosch GmbHRemeha Group BVIndustry Code
2512 - Manufacture of tanks, reservoirs and containers of metal in Europe
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Performance
Key Takeaways
Supercharged energy prices encourage boiler replacements
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Tanks, Reservoir & Metal Container Manufacturing in Europe industry (2011 -2029)
- Employees in the Tanks, Reservoir & Metal Container Manufacturing in Europe industry (2011 -2029)
- Business in the Tanks, Reservoir & Metal Container Manufacturing in Europe industry (2011 -2029)
- Profit in the Tanks, Reservoir & Metal Container Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Tanks, Reservoir & Metal Container Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Tanks, Reservoir & Metal Container Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Tanks, Reservoir & Metal Container Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Tanks, Reservoir & Metal Container Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Boiler replacements boost revenue generated from boiler manufacturing. Households are installing new energy-efficient or alternative fuel boilers to avoid surging energy costs that have lingered since the Russia-Ukraine conflict.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Tanks, Reservoir & Metal Container Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Tanks, Reservoir & Metal Container Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Tanks, Reservoir & Metal Container Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Large, internationally integrated companies hold a substantial market share. The Vaillant Group, Robert Bosch GmbH and the Remeha Group BV have a high market share in the boiler segment thanks to their vast number of production facilities and trusted brands
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Vaillant GmbH
- Countries of operation for Robert Bosch GmbH
- Countries of operation for Remeha Group BV
- Countries of operation for Viessmann Group GmbH & Co KG
- Countries of operation for Weishaupt Holding GmbH
- Countries of operation for Ideal Boilers Ltd
- Countries of operation for Stelrad Group plc
- Countries of operation for Groupe Atlantic Synergy SNC
- Countries of operation for AC Boilers SpA
- Countries of operation for ATTSU Tecnivap SA
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Companies must adhere to various European standards. Regulations include ISO 9001 for quality management, ISO 14001 for environmental management and ISO 45001 for occupational health and safety management, consistent across Europe.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Tanks, Reservoir & Metal Container Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Surging metal and component costs raise purchases and dent profit. Rapid price hikes in steel prices have pushed up purchase costs for manufacturers. For example, in 2021, the world price of steel more than doubled, squeezing profit.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Tanks, Reservoir & Metal Container Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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