Market Overview:
The global water 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 potable water and the rising awareness about water conservation. In terms of type, the concrete tank segment is expected to lead the market during the forecast period, owing to its durability and low maintenance cost. In terms of application, commercial applications are expected to dominate the market during the forecast period as they require large storage capacities for storing potable water.
Product Definition:
A water tank is a container for storing water. Water tanks are often elevated above the ground to increase their capacity and to provide easier access.
Concrete Tank:
Concrete tank is a water storage facility made up of concrete. It acts as a reliable and long-term solution for water supply in residential, commercial, and industrial applications. Concrete tanks are available in various sizes ranging from 5 thousand gallons to over 100 thousand gallons. They can be installed on the ground or elevated on steel or concrete legs depending upon the location of use and application requirements.
Metal Tank:
Metal tanks are used in water tank industry for storage of liquids and gases. They are made up of various metals such as steel, aluminum, cast iron and copper. The basic structure consists of a bottom plate, side plates connected by cross bars with an opening at the top for filling & venting. These tanks can be single or double walled depending upon the requirement.
Metal tanks have advantages over their plastic counterparts including high strength.
Application Insights:
The commercial application segment dominated the global water tank market in 2017, accounting for more than 60.0% share of the total revenue. The growth can be attributed to an increase in demand from hotels, restaurants and other food service industries across the globe. In addition, rapid urbanization coupled with a growing number of tourism projects is expected to drive the product demand over the forecast period.
Residential application accounted for another significant market share in 2017 owing to increasing construction activities across developing countries such as India and China where population is rapidly growing due to high birth rate and immigration rates respectively.
Regional Analysis:
Asia Pacific dominated the global water tank market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing construction activities, coupled with growing population, especially in China and India. In addition, rising demand for residential buildings on account of rapid urbanization is anticipated to drive the regional market growth over the forecast period.
Europe was estimated as having a revenue share of more than 20% in 2017 owing to high consumption levels regarding municipal usage across countries such as Germany, Italy and U.K., which are also among prominent manufacturers of concrete tanks worldwide.
North America emerged as one of the prominent markets for water tanks globally with a revenue share exceeding 10%.
Growth Factors:
- Increasing demand for potable water: The global population is growing at a rapid pace and the demand for potable water is increasing correspondingly. This will drive the growth of the water tank market as more and more people will need storage solutions for their drinking and household needs.
- Urbanization in developing countries: A large portion of the world’s population is now living in urban areas, which drives up the demand for infrastructure such as water tanks. As more people move to cities, there will be an increased need for reliable water storage systems, fueling growth in this market segment.
- Drought conditions and climate change: Global warming has led to an increase in drought conditions around the world, making it difficult to access clean drinking water in some areas. This has driven up interest in rainwater harvesting systems, which can be installed with a water tank, leading to further market growth potential.
Scope Of The Report
Report Attributes
Report Details
Report Title
Water Tank Market Research Report
By Type
Concrete Tank, Metal Tank, Plastic Tank, Fiber Glass Tank
By Application
Commercial, Residential, Municipal, Industrial
By Companies
ZCL Composites Inc., CST Industries, Inc., Tank Connection, Schumann Tank, UIG, DN Tanks, American Tank Company, Crom Corporation, Chicago Bridge & Iron Company N.V. (CB&I), Caldwell Tanks, Maguire Iron Inc., Snyder Industries Inc., Norwesco Industries, Promax Plastics, Containment Solutions, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Water Tank Market Report Segments:
The global Water Tank market is segmented on the basis of:
Types
Concrete Tank, Metal Tank, Plastic Tank, Fiber Glass Tank
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.
Applications
Commercial, Residential, Municipal, Industrial
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:
- ZCL Composites Inc.
- CST Industries, Inc.
- Tank Connection
- Schumann Tank
- UIG
- DN Tanks
- American Tank Company
- Crom Corporation
- Chicago Bridge & Iron Company N.V. (CB&I)
- Caldwell Tanks
- Maguire Iron Inc.
- Snyder Industries Inc.
- Norwesco Industries
- Promax Plastics
- Containment Solutions, Inc.
Highlights of The Water Tank Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Concrete Tank
- Metal Tank
- Plastic Tank
- Fiber Glass Tank
- By Application:
- Commercial
- Residential
- Municipal
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Water 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A water tank is a large, often cylindrical container used to store water.
Some of the major companies in the water tank market are ZCL Composites Inc., CST Industries, Inc., Tank Connection, Schumann Tank, UIG, DN Tanks, American Tank Company, Crom Corporation, Chicago Bridge & Iron Company N.V. (CB&I), Caldwell Tanks, Maguire Iron Inc., Snyder Industries Inc., Norwesco Industries, Promax Plastics, Containment Solutions, Inc..
The water 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. Water 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. Water Tank Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Water Tank Market - Supply Chain
4.5. Global Water Tank Market Forecast
4.5.1. Water Tank Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Water Tank Market Size (000 Units) and Y-o-Y Growth
4.5.3. Water Tank Market Absolute $ Opportunity
5. Global Water 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. Water Tank Market Size and Volume Forecast by Type
5.3.1. Concrete Tank
5.3.2. Metal Tank
5.3.3. Plastic Tank
5.3.4. Fiber Glass Tank
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Water 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. Water Tank Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Residential
6.3.3. Municipal
6.3.4. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Water 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. Water 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 Water 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. Water 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 Water Tank Demand Share Forecast, 2019-2026
9. North America Water 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 Water 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 Water Tank Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Residential
9.4.3. Municipal
9.4.4. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Water Tank Market Size and Volume Forecast by Type
9.7.1. Concrete Tank
9.7.2. Metal Tank
9.7.3. Plastic Tank
9.7.4. Fiber Glass Tank
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 Water Tank Demand Share Forecast, 2019-2026
10. Latin America Water 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 Water 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 Water Tank Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Residential
10.4.3. Municipal
10.4.4. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Water Tank Market Size and Volume Forecast by Type
10.7.1. Concrete Tank
10.7.2. Metal Tank
10.7.3. Plastic Tank
10.7.4. Fiber Glass Tank
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 Water Tank Demand Share Forecast, 2019-2026
11. Europe Water 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 Water 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 Water Tank Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Residential
11.4.3. Municipal
11.4.4. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Water Tank Market Size and Volume Forecast by Type
11.7.1. Concrete Tank
11.7.2. Metal Tank
11.7.3. Plastic Tank
11.7.4. Fiber Glass Tank
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential 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 Water Tank Demand Share, 2019-2026
12. Asia Pacific Water 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 Water 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 Water Tank Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Residential
12.4.3. Municipal
12.4.4. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Water Tank Market Size and Volume Forecast by Type
12.7.1. Concrete Tank
12.7.2. Metal Tank
12.7.3. Plastic Tank
12.7.4. Fiber Glass Tank
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 Water Tank Demand Share, 2019-2026
13. Middle East & Africa Water 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 Water 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 Water Tank Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Residential
13.4.3. Municipal
13.4.4. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Water Tank Market Size and Volume Forecast by Type
13.7.1. Concrete Tank
13.7.2. Metal Tank
13.7.3. Plastic Tank
13.7.4. Fiber Glass Tank
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 Water Tank Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Water Tank Market: Market Share Analysis
14.2. Water Tank Distributors and Customers
14.3. Water Tank Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ZCL Composites Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CST Industries, Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tank Connection
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Schumann Tank
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. UIG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DN Tanks
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. American Tank Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Crom Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chicago Bridge & Iron Company N.V. (CB&I)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Caldwell Tanks
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Maguire Iron Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Snyder Industries Inc.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Norwesco Industries
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Promax Plastics
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Containment Solutions, Inc.
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
