Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Liquid Tank Market by Type (Single Acting Cylinders, Double Acting Cylinders, 5), By Application (Automotive, Aerospace & Defense, Mining, Oil & Gas, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Liquid Tank Market by Type (Single Acting Cylinders, Double Acting Cylinders, 5), By Application (Automotive, Aerospace & Defense, Mining, Oil & Gas, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 155411 3300 Machinery & Equipment 377 236 Pages 4.9 (47)

Market Overview:

The global liquid tank market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for liquid tanks in automotive, aerospace & defense, mining, oil & gas and other applications. North America is expected to lead the market during the forecast period followed by Europe and Asia Pacific.

Global Liquid Tank Industry Outlook

Product Definition:

A liquid tank is a container used to store liquids, typically water, gasoline or oil. The importance of liquid tanks varies depending on the application. In some cases, such as with water storage tanks, they are essential for everyday life. Other applications, such as with oil storage tanks, may be less critical but still important for various reasons.

Single Acting Cylinders:

Single acting cylinders are also known as one-way or one-way valves. They are used to control the flow of a liquid in only one direction. The most common application of single acting cylinder is in fuel injection systems where it controls the flow of fuel from carburetor to engine and prevents it from flowing back into tank if valve is closed.

The growth factor for single acting cylinders market is high demand for oil & gas transportation, chemical processing industry.

Double Acting Cylinders:

Double acting cylinders are used in liquid tank to store products which can be pumped from the container and also dispense the product through a valve. The liquid stored in double acting cylinder is under pressure and acts as a seal ensuring that no gas permeates into the container.

The advantages of using double acting cylinders over other types of storage containers include high strength, excellent resistance to vibration & shock, low maintenance costs, easy handling & transportation due to lightweight nature.

Application Insights:

The automotive application segment accounted for the largest share of over 30.0% in 2017 and is projected to witness significant growth over the forecast period. The growing demand for passenger vehicles in developing economies, such as China, India and Brazil is expected to drive the industry growth over the forecast period.

Aerospace & defense application segment was valued at USD 1,252.5 million in 2017 owing to increasing use of liquid tanks across military aircrafts that carry fuel oil or jet fuel on board. Liquid fueled aircraft require large capacity tanks due to their high energy consumption during take-off and landing operations resulting in high demand for LTLT among other liquid tank types across aerospace applications globally.

Regional Analysis:

Asia Pacific liquid tank market is expected to grow at the highest CAGR of XX% over the forecast period, owing to increasing demand from industries, such as automotive and oil & gas. In addition, rising investments in refining and petrochemical sectors are projected to fuel product demand in Asia Pacific region.

North America accounted for a significant share of revenue in 2017 owing to high penetration rates of single acting cylinders across various applications including aerospace & defense and automotive industry. The U.S.

Growth Factors:

  • Increasing demand for liquid tanks from the agricultural sector as a result of the growth in population and rise in income levels.
  • Rapid industrialization and urbanization across emerging economies is leading to an increase in demand for liquid tanks from various end-use industries such as food & beverage, pharmaceuticals, chemicals, etc.
  • The increasing popularity of bulk transportation systems is also contributing to the growth of the global liquid tank market.
  • Stringent environmental regulations pertaining to storage and handling of liquids are prompting companies to opt for advanced liquid tanks that comply with these regulations.

Scope Of The Report

Report Attributes

Report Details

Report Title

Liquid Tank Market Research Report

By Type

Single Acting Cylinders, Double Acting Cylinders, 5

By Application

Automotive, Aerospace & Defense, Mining, Oil & Gas, Other

By Companies

Bosch Rexroth, Caterpillar, Eaton, Parker-Hannifin, Dongyang Mechatronics, Energy Manufacturing, Jiangsu Hengli Hydraulic Cylinder, KYB, Metal Products, Pacoma, Precision Hydraulic Cylinders, Weber-Hydraulik, Wipro Infrastructure Engineering

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Liquid Tank Market Report Segments:

The global Liquid Tank market is segmented on the basis of:


Single Acting Cylinders, Double Acting Cylinders, 5

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Automotive, Aerospace & Defense, Mining, Oil & Gas, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Bosch Rexroth
  2. Caterpillar
  3. Eaton
  4. Parker-Hannifin
  5. Dongyang Mechatronics
  6. Energy Manufacturing
  7. Jiangsu Hengli Hydraulic Cylinder
  8. KYB
  9. Metal Products
  10. Pacoma
  11. Precision Hydraulic Cylinders
  12. Weber-Hydraulik
  13. Wipro Infrastructure Engineering

Global Liquid Tank Market Overview

Highlights of The Liquid Tank Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Single Acting Cylinders
    2. Double Acting Cylinders
    3. 5
  1. By Application:

    1. Automotive
    2. Aerospace & Defense
    3. Mining
    4. Oil & Gas
    5. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Liquid Tank Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
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  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Liquid Tank Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

A liquid tank is a container that holds liquids, such as water or oil.

Some of the key players operating in the liquid tank market are Bosch Rexroth, Caterpillar, Eaton, Parker-Hannifin, Dongyang Mechatronics, Energy Manufacturing, Jiangsu Hengli Hydraulic Cylinder, KYB, Metal Products, Pacoma, Precision Hydraulic Cylinders, Weber-Hydraulik, Wipro Infrastructure Engineering.

The liquid tank market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Liquid Tank Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Liquid Tank Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Liquid Tank Market - Supply Chain
   4.5. Global Liquid Tank Market Forecast
      4.5.1. Liquid Tank Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Liquid Tank Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Liquid Tank Market Absolute $ Opportunity

5. Global Liquid Tank Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Liquid Tank Market Size and Volume Forecast by Type
      5.3.1. Single Acting Cylinders
      5.3.2. Double Acting Cylinders
      5.3.3. 5
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Liquid Tank Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Liquid Tank Market Size and Volume Forecast by Application
      6.3.1. Automotive
      6.3.2. Aerospace & Defense
      6.3.3. Mining
      6.3.4. Oil & Gas
      6.3.5. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Liquid Tank Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Liquid Tank Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Liquid Tank Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Liquid Tank Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Liquid Tank Demand Share Forecast, 2019-2026

9. North America Liquid Tank Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Liquid Tank Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Liquid Tank Market Size and Volume Forecast by Application
      9.4.1. Automotive
      9.4.2. Aerospace & Defense
      9.4.3. Mining
      9.4.4. Oil & Gas
      9.4.5. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Liquid Tank Market Size and Volume Forecast by Type
      9.7.1. Single Acting Cylinders
      9.7.2. Double Acting Cylinders
      9.7.3. 5
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Liquid Tank Demand Share Forecast, 2019-2026

10. Latin America Liquid Tank Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Liquid Tank Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Liquid Tank Market Size and Volume Forecast by Application
      10.4.1. Automotive
      10.4.2. Aerospace & Defense
      10.4.3. Mining
      10.4.4. Oil & Gas
      10.4.5. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Liquid Tank Market Size and Volume Forecast by Type
      10.7.1. Single Acting Cylinders
      10.7.2. Double Acting Cylinders
      10.7.3. 5
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Liquid Tank Demand Share Forecast, 2019-2026

11. Europe Liquid Tank Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Liquid Tank Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Liquid Tank Market Size and Volume Forecast by Application
      11.4.1. Automotive
      11.4.2. Aerospace & Defense
      11.4.3. Mining
      11.4.4. Oil & Gas
      11.4.5. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Liquid Tank Market Size and Volume Forecast by Type
      11.7.1. Single Acting Cylinders
      11.7.2. Double Acting Cylinders
      11.7.3. 5
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Poential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Liquid Tank Demand Share, 2019-2026

12. Asia Pacific Liquid Tank Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Liquid Tank Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Liquid Tank Market Size and Volume Forecast by Application
      12.4.1. Automotive
      12.4.2. Aerospace & Defense
      12.4.3. Mining
      12.4.4. Oil & Gas
      12.4.5. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Liquid Tank Market Size and Volume Forecast by Type
      12.7.1. Single Acting Cylinders
      12.7.2. Double Acting Cylinders
      12.7.3. 5
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Liquid Tank Demand Share, 2019-2026

13. Middle East & Africa Liquid Tank Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Liquid Tank Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Liquid Tank Market Size and Volume Forecast by Application
      13.4.1. Automotive
      13.4.2. Aerospace & Defense
      13.4.3. Mining
      13.4.4. Oil & Gas
      13.4.5. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Liquid Tank Market Size and Volume Forecast by Type
      13.7.1. Single Acting Cylinders
      13.7.2. Double Acting Cylinders
      13.7.3. 5
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Liquid Tank Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Liquid Tank Market: Market Share Analysis
   14.2. Liquid Tank Distributors and Customers
   14.3. Liquid Tank Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Bosch Rexroth Overview Financials Developments Strategic Outlook
      14.4.2. Caterpillar Overview Financials Developments Strategic Outlook
      14.4.3. Eaton Overview Financials Developments Strategic Outlook
      14.4.4. Parker-Hannifin Overview Financials Developments Strategic Outlook
      14.4.5. Dongyang Mechatronics Overview Financials Developments Strategic Outlook
      14.4.6. Energy Manufacturing Overview Financials Developments Strategic Outlook
      14.4.7. Jiangsu Hengli Hydraulic Cylinder Overview Financials Developments Strategic Outlook
      14.4.8. KYB Overview Financials Developments Strategic Outlook
      14.4.9. Metal Products Overview Financials Developments Strategic Outlook
      14.4.10. Pacoma Overview Financials Developments Strategic Outlook
      14.4.11. Precision Hydraulic Cylinders Overview Financials Developments Strategic Outlook
      14.4.12. Weber-Hydraulik Overview Financials Developments Strategic Outlook
      14.4.13. Wipro Infrastructure Engineering Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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