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Global Water Tank Market: By Type: Steel, Plastic, Fibreglass; By Application: Household, Institutional; By Location: Underground, Outdoor, Indoor; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Water Tank Market Outlook
The global water tank market attained a value of USD 3.8 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 3.2% to reach USD 4.6 billion by 2026.
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Increasing Demand for Plastic Water Tank to Augment the Growth of the Global Water Tank Industry
Based on type, the plastic segment was the significant revenue contributor, accounting for a considerable share in the historical period. There has been a rise in demand for plastic water tanks due to their benefits such as easily available, affordability, and quick installation time. Thus, the plastic or the polyethylene water tank is one of the most widely used water tank all around the world owing to its easy availability and installation process.
The Asia Pacific to Dominate the Global Water Tank Industry
Geographically, the Asia Pacific was the largest market, in terms of revenue generation, in the historical period. The region is further expected to expand with a significant CAGR during the forecast period. The regional market growth can be attributed to the increasing construction activities in the Asia Pacific, with the rising construction of households, new buildings, and public places. The increasing penetration of domestic players in emerging economies like India and China is expected to further contribute to the market growth. For instance, in November 2020, Astral Poly Technik Limited announced to enter the business of manufacturing plastic water storage tanks in India in an investment of around Rs75cr, thus, adding new capacity to enhance its market position.
Global Water Tank Industry: Definition and Segmentation
Water tanks refer to containers used to store liquid. They come in various shapes and sizes. Water tanks are used to provide storage of water for use in many applications, such as drinking water, irrigation agriculture, fire suppression, agricultural farming, both for plants and livestock, chemical manufacturing, food preparation as well as many others.
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By type the industry is segmented into:
- Steel
- Plastic
- Fibreglass
Based on application, the market is bifurcated into:
- Household
- Institutional
The market can be broadly categorised on the basis of location into:
- Underground
- Outdoor
- Indoor
The EMR report looks into the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Application of Water Tank to Bolster the Growth of the Global Water Tank Industry
The global water tank industry is being driven by the increasing application of water tanks in areas such as agriculture, aquaculture, household, and others. This has led to a consistent increase in sales of water tanks all around the world, thus, contributing to the water tanks industry growth. Also, the rise in use of water tanks for underground water storage for conservation is expected to further enhance the market growth. The rapid industrialisation and urbanisation, which is a direct result of booming global populations, is also propelling the industry growth. In addition, the exponential increase in construction activities across the world is poised to enhance the market growth in the forecast period. Furthermore, the increasing focus of leading industry players to develop assorted types of tanks for specific new applications is anticipated to further propel the industry forward over the forecast period.
Key Industry Players in the Global Water Tank Market
The report presents a detailed analysis of the following key players in the global water tank market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Beltecno Corporation
- Design Tanks, Inc
- Dn Tanks, Inc
- Fiber Technology Corporation
- Pipeco Group
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Location, Region |
| Breakup by Type | Steel, Plastic, Fibreglass |
| Breakup by Application | Household, Institutional |
| Breakup by Location | Underground, Outdoor, Indoor |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Beltecno Corporation, Design Tanks, Inc, Dn Tanks, Inc, Fiber Technology Corporation, Pipeco Group, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Water Tank Market Analysis
8.1 Key Industry Highlights
8.2 Global Water Tank Historical Market (2017-2021)
8.3 Global Water Tank Market Forecast (2022-2027)
8.4 Global Water Tank Market by Type
8.4.1 Steel
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Plastic
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Fibreglass
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Water Tank Market by Application
8.5.1 Household
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Institutional
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Water Tank Market by Location
8.6.1 Underground
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Outdoor
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Indoor
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.7 Global Water Tank Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 Germany
9.2.3.2 United Kingdom
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Spain
9.2.3.6 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 India
9.3.3.3 Japan
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Beltecno Corporation
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Design Tanks, Inc
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Dn Tanks, Inc
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Fiber Technology Corporation
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Pipeco Group
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Water Tank Market: Key Industry Highlights, 2016 and 2026
2. Global Water Tank Historical Market: Breakup by Type (USD Billion), 2017-2021
3. Global Water Tank Market Forecast: Breakup by Type (USD Billion), 2022-2027
4. Global Water Tank Historical Market: Breakup by Application (USD Billion), 2017-2021
5. Global Water Tank Market Forecast: Breakup by Application (USD Billion), 2022-2027
6. Global Water Tank Historical Market: Breakup by Location (USD Billion), 2017-2021
7. Global Water Tank Market Forecast: Breakup by Location (USD Billion), 2022-2027
8. Global Water Tank Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Water Tank Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Water Tank Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Water Tank Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Water Tank Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Water Tank Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Water Tank Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Water Tank Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Water Tank Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Water Tank Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Water Tank Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Water Tank Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Global Water Tank Market Structure
Key Questions Answered in the Report
In 2020, the global water tank market attained a value of nearly USD 3.8 billion.
The market is projected to grow at a CAGR of 3.2% between 2022 and 2027.
The key market drivers of the industry are the increasing demand for freshwater, the growing applications of water tanks in areas such as agriculture and aquaculture, and exponential increase in construction activities.
The key industry trends for global water tank industry are the growing adoption of plastic tanks in commercial sector and the increasing focus by key industry players to develop assorted types of tanks for specific new applications.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant types of water tank in the market are steel, plastic, and fibreglass.
The major applications of water tank are household and institutional.
The significant location segments of the industry are underground, outdoor, and indoor.
The major players in the industry are Beltecno Corporation, Design Tanks, Inc, Dn Tanks, Inc, Fiber Technology Corporation, and Pipeco Group, among others.
Analyst Review
The global water tank market attained a value of about USD 3.8 billion in 2020, driven by the growing requirement for portable and freshwater water. Aided by growing adoption of water tanks in the commercial sector, is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 3.2%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the water tank industry can be segmented into steel, plastic, fibreglass. By application, the market is bifurcated into household and institutional. On the basis of location, the market is divided into underground, outdoor, and indoor. The major regional markets for water tank are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Beltecno Corporation, Design Tanks, Inc, Dn Tanks, Inc, Fiber Technology Corporation, and Pipeco Group, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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