IBISWorld’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. IBISWorld’s Storage Tank Rental procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Storage Tank Rental - Recent Price Trend

The average cost of renting a 21,000-gallon capacity frac storage tank has increased at an estimated annualized rate of 1.2% in the three years to 2017. Price gains have been primarily fueled by increasing demand from oil and gas companies.Booming activity in the domestic oil and natural gas extraction industries has generated higher demand for storage tank rental services. Advancements in...


Storage Tank Rental - Total Cost of Ownership

The total cost of ownership for renting storage tanks is high. Most rental companies offer delivery and pickup services, but these costs are typically excluded from the quoted rental rate. Delivery services are typically charged by the hour, rather than distance, and buyers can expect to pay an hourly rate anywhere from $100 to $160. Moreover, buyers are responsible for covering costs associated...


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About this Report

This report is intended to assist buyers looking to rent storage tanks, which are used to temporarily store tools as well as hazardous and nonhazardous liquids, gases and solids used in natural gas fracking, oil well drilling, chemical processing, utilities construction, environmental remediation services, wastewater treatment and other industrial and construction applications. Suppliers primarily consist of rental companies that purchase storage tanks from manufacturers to rent out to other businesses. This report does not include large-scale permanent storage tanks, which are usually constructed on site at petroleum refineries and other industrial facilities. Similarly, this report does not include storage tank rentals for consumer use.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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