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Global Water Tank Market Size, Share, Analysis, Forecast: By Type: Steel, Plastic, Fibreglass; By Application: Household, Institutional; By Location: Underground, Outdoor, Indoor; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Water Tank Market Outlook
The global water tank market attained a value of USD 4.18 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.2% to reach USD 5.56 billion by 2032.
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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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Location |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Water Tank Market Analysis
8.1 Key Industry Highlights
8.2 Global Water Tank Historical Market (2018-2023)
8.3 Global Water Tank Market Forecast (2024-2032)
8.4 Global Water Tank Market by Type
8.4.1 Steel
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Plastic
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Fibreglass
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Water Tank Market by Application
8.5.1 Household
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Institutional
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Water Tank Market by Location
8.6.1 Underground
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Outdoor
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Indoor
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Water Tank Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Water Tank Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Water Tank Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Spain
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Asia Pacific Water Tank Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Water Tank Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Water Tank Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Beltecno Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Design Tanks, Inc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Dn Tanks, Inc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Fiber Technology Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Pipeco Group
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
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, 2018 and 2032
2. Global Water Tank Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Water Tank Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Water Tank Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Water Tank Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Water Tank Historical Market: Breakup by Location (USD Billion), 2018-2023
7. Global Water Tank Market Forecast: Breakup by Location (USD Billion), 2024-2032
8. Global Water Tank Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Water Tank Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Water Tank Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Water Tank Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Water Tank Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Water Tank Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Water Tank Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Water Tank Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Water Tank Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Water Tank Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Water Tank Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Water Tank Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Water Tank Market Structure
Key Questions Answered in the Report
In 2023, the global water tank market attained a value of nearly USD 4.18 billion.
The market is projected to grow at a CAGR of 3.2% between 2024 and 2032.
The major drivers of the market are the increasing demand for freshwater, the growing applications of water tanks in areas such as agriculture and aquaculture, and the exponential increase in construction activities.
The key trends of the market are the growing adoption of plastic tanks in commercial sector and the increasing focus by key market players to develop assorted types of tanks for specific new applications.
The major regions in the market 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 locations of the market are underground, outdoor, and indoor.
The key players in the global water tank market 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 4.18 billion in 2023, 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 2024-2032, 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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