Overview

Ironclad: Following a recessionary downturn, a comeback in demand has boosted revenue

IBISWorld’s Metal Tank Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Revenue is expected to grow as demand for industry products makes a comeback
  • The strong growth of exports indicates the advantage of resource-related industry products
  • The farming sector is expected to increase its demand for metal tanks over the next five years

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Analysis Chapter

    During the recession, the Metal Tank Manufacturing industry experienced dramatic declines in sales as demand from downstream markets waned. Fortunately, the industry has recovered completely, even surpassing its pre-recessionary high of $8.9 billion. Revenue is anticipated to increase at an annualized rate of 6.3% to $10.4 billion in the five years to 2016. The high growth rate is largely indicative of the recovery from the financial crisis. Following the recession, revenue rebounded 29.0% in 2012 as a result of recovering downstream markets that resumed previously postponed purchases, revenue is expected to remain relatively stagnant, increasing only 1.1% in 2016.

    ..

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    Additional Insights for the Metal Tank Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Metal Tank Manufacturing Industry are

  • Ability to vary services to suit different needs
  • Provision of superior after sales service
  • Having a diverse range of clients
  • IBISWorld analysts also discuss how external factors such as Demand from heavy engineering construction and Demand from dairy farms in the Metal Tank Manufacturing industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Metal Tank Manufacturing Industry?

    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.

    Industry Products
    Metal tanks and vessels (custom fabricated and field erected)
    Pressure tanks
    Gas cylinders
    Metal tanks and vessels (custom fabricated at the factory)
    Metal storage tanks
    Pressure tanks (24 in/more out. diameter)
    Industry Activities
    Manufacturing light gauge metal tanks and vessels
    Manufacturing gas cylinders
    Installing heavy gauge metal tanks without

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from heavy engineering construction
  • Demand from dairy farms
  • Demand from petrochemical manufacturing
  • World price of steel
  • Trade-weighted index

  • Current Performance
  • Fluctuating demand
  • Global advantage
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Major markets
  • Industry trends
  • Table: Metal Tank Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Metal Tank Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Heavy Engineering Construction
  • Dairy Product Production
  • Breweries
  • Wineries
  • Distilleries
  • Petroleum Refining
  • Petrochemical Manufacturing
  • Oxygen & Hydrogen Gas Manufacturing
  • Farm Product Storage & Warehousing
  • Specialized Storage & Warehousing

  • Key Selling Industries
  • Aluminum Manufacturing
  • Copper Rolling, Drawing & Extruding
  • Metal Pipe & Tube Manufacturing
  • Nonferrous Metal Refining
  • Petrochemical Manufacturing
  • Power Tools & Other General Purpose Machinery Manufacturing
  • Steel Rolling & Drawing

  • Products & Services
  • Metal tanks and vessels (custom fabricated and field erected)
  • Other
  • Pressure tanks
  • Metal tanks and vessels (custom fabricated at the factory)
  • Metal storage tanks
  • Pressure tanks (24 in/more out. diameter)
  • Gas cylinders
  • Chart: Metal Tank Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Industrial manufacturing operators
  • Farming industries
  • Petrochemical manufacturers
  • Other
  • Chart: Major Market Segmentation for the Metal Tank Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitabilityPurchasesLabor costsOther
  • Chart: Cost Structure Benchmarking – Sector vs Metal Tank Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Metal Tank Manufacturing Industry

  • Industry Globalization
    Major Companies
    Trinity Industries Inc.
  • Table: Trinity Industries Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Metal Tank Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Metal Tank Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Price of steel (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Computer-Aided Design (Cad)
  • The use of computer technology to aid the design and drafting of a part or product using software tools that can create two-dimensional drawings or three-dimensional models.
  • Offshore
  • The transfer of manufacturing operations to another country, regardless of whether the work is outsourced or stays within the corporation or company.
  • Original Equipment Manufacturer (Oem)
  • A company that manufactures products or components that are purchased by a company and retailed under the purchasing company's brand name.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Metal Tank Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Metal Tank Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Metal Tank Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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