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Tanks & Cylinders in the US Procurement Price, Data and Insights
Tanks and cylinders are pressure vessels that are designed to store liquids or gases. Products in this market include reservoirs, air and gas tanks, calibration tanks, and large industrial storage tanks. Although tanks and cylinders have similar applications, tanks are available in a variety of shapes, whereas cylinders have parallel sides and a circular or oval cross section. Typical buyers are industrial facility construction companies, breweries, distilleries, petroleum refineries, and oxygen and hydrogen gas manufacturers.
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What’s included in this market coverage
IBISWorld's research coverage on the Tanks & Cylinders procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Tanks & Cylinders market in the United States includes Storage Tanks, High-Pressure Gas Cylinders, Calibration Tanks and Resevoirs. Standard coding in this coverage includes HS-7308-Structures Of Iron Or Steel And Parts Thereof; Plates, Rods, Angles, Shapes, Sections, Tubes And The Like, Prepared For Use In Structures, ISIC-2512-Manufacture of tanks, reservoirs and containers of metal, NACE-25.29-Manufacture Of Other Tanks, Reservoirs And Containers Of Metal, NAICS-332420-Metal Tank (Heavy Gauge) Manufacturing and UNSPSC-24111800-Tanks and cylinders and their accessories.
What common market terminology is included?
Common market terminology included in the Tanks & Cylinders procurement coverage includes Custom Factory Fabricated Tanks (Tanks and cylinders that are cut, bent, and assembled at a manufacturing facility to meet the specifications of a specific buyer.), Custom Field-Erected Tanks (A tank that is designed to a buyer's specifications and assembled on-site at the buyer's location.), Flange (Flanges are external or internal metal ridges that are installed on openings in the walls of tanks to add reinforcement.) and Liquefied Natural Gas (Liquefied natural gas is natural gas that has been converted to liquid form for ease and safety.).
What companies are included as top suppliers?
The top companies covered in the Tanks & Cylinders procurement report as suppliers are the Paul Mueller Company, General Industries, Ward Vessel and Exchanger Corporation, Highland Tank & Manufacturing Company Inc. and Trinity Industries Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Tanks & Cylinders market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per tank, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Tanks & Cylinders market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Tanks & Cylinders procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Tanks & Cylinders market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Tanks & Cylinders market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Tanks & Cylinders?
The 2026 benchmark market price for Tanks & Cylinders is $3390 per tank. Prices have increased at a CAGR of 6.08 from 2023-26.
Who are the top vendors in the Tanks & Cylinders market?
The top vendors in the Tanks & Cylinders market include the Paul Mueller Company, General Industries, Ward Vessel and Exchanger Corporation, Highland Tank & Manufacturing Company Inc. and Trinity Industries Inc..
What industries supply the Tanks & Cylinders market?
The top industries supplying the Tanks & Cylinders market are Metal Pipe & Tube Manufacturing in the US, Ferrous Metal Foundry Products in the US, Nonferrous Metal Foundry Products Manufacturing in the US, Aluminum Manufacturing in the US, Steel Rolling & Drawing in the US and Iron & Steel Manufacturing in the US.
What is the supply chain risk for Tanks & Cylinders?
Low market share concentration fosters competitive pricing and enhances negotiation power for buyers. The tanks and cylinders market has low market share concentration, meaning no single supplier or group of suppliers holds price-setting power. For buyers, this structure encourages suppliers to actively compete on price and service quality to gain and maintain market share. Procurement teams can leverage this environment to initiate frequent bidding, drive cost savings, and structure agreements that include favorable service terms or contingency options.
What factors affect the price of Tanks & Cylinders?
Capacity directly affects the price because tanks and cylinders with greater capacities require more materials to increase the interior size and support the increased weight at maximum capacity.
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