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Metal Tank Manufacturing Industry Analysis

Identify industry changes, evaluate the market size, market outlook, trends, key players, and growth opportunities.

Contents Standard Report Premium Report
Industry Overview & Outlook . .
- Market Size
(industry trends)
. .
- Market Forecast   .
- Products/Services Breakdown   .
- Revenue per State . .
$ Financial Metrics . .
$ Salary & Compensation Benchmarks . .
@ Key Companies   .
- Industry News & Innovators   .
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2018 Market Analysis & Industry Outlook: Metal Tank Manufacturing

Overview: the U.S. Metal Tank Manufacturing Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Metal Tank Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Metal Tank Manufacturing Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Metal Tank Manufacturing companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Metal Tank Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Metal Tank Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Metal Tank Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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Chief Executives0%
General and Operations Managers2%
Architecture and Engineering Occupations 5%
Office and Administrative Support Occupations 8%
Installation, Maintenance, and Repair Occupations 7%
Other Installation, Maintenance, and Repair Occupations 7%
Production Occupations 58%
Assemblers and Fabricators 10%
Miscellaneous Assemblers and Fabricators 7%
Team Assemblers 6%
Metal Workers and Plastic Workers 31%
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic 6%
Welding, Soldering, and Brazing Workers 17%
Welders, Cutters, Solderers, and Brazers 15%
Other Production Occupations 12%
Transportation and Material Moving Occupations 6%
Source: Bureau of Labor Statistics

Metal Tank Manufacturing Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • Western International trademarks "CUBE" - Alloys of common metal; Building materials - 01/25/2018
  • Accumulators trademarks "ACCUMULATORS, INC." - distributorships and technical consultation in the field of metal cylinders for compressed gas or liquids, sold empty - 03/01/2016

  • Top Innovators

    CompanyInnovation Score
    Western International

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Editorial: Climate change bill is not ready - How much will that jack up the price of filling a gas tank? What will it do to the ... Here’s a partial list — cement manufacturing, frozen fruit, juice and vegetable manufacturing, iron and steel mills, some plastics manufacturing, glass container ... (01/10/2018)
    • Manufacturing sector shows sluggish growth in November: TIER - Taipei, Dec. 30 (CNA) The local manufacturing sector flashed a ... according to the think tank. Other yellow-blue lights were seen in the auto/auto parts and base metal industries. Car vendors were hurt by rising competition from foreign vendors and ... (12/30/2017)
    • A little metal-bender goes big into 3-D - “That was the bulk of the skepticism.” Metal tanks that don't break at the seam are a big deal in terms of demonstrating both the potential of additive metal manufacturing and Sciaky's place within that world. (01/02/2016)
    • Metal Tank Manufacturing in Canada Industry Market Research Report from IBISWorld Has Been Updated - Climbing crop, oil, industrial and chemical production will increase demand for industry products. For these reasons, industry research firm IBISWorld has updated a report on the Metal Tank Manufacturing industry in its growing industry report collection. (03/30/2014)
    • Major tank manufacturer to expand to Belle Fourche - Hiring is scheduled to begin in the spring of 2014. Permian Tank and Manufacturing, Inc., announced that it would expand its Texas-based above-ground steel tank operations to Belle Fourche. It's the first firm to commit to the new industrial park that is ... (08/21/2013)
    • Canadian manufacturing company finds the right fit in Billings - At the former Anderson Steel Co. plant at 301 Orchard Lane, Highland Projects of Sundre, Alberta, is manufacturing specialized steel tanks that are used by drilling rigs exploring oil-bearing formations in North Dakota, Alberta, Wyoming and Montana. (12/01/2011)
    • Research and Markets: Metal Tank (Heavy Gauge) Manufacturing Industry in the U.S. and its International Trade - The Complete Q2 2009 Edition - LLC's new report "Metal Tank (Heavy Gauge) Manufacturing Industry in the U.S. and its International Trade [Q2 2009 Edition]" to their offering. The just published Metal Tank (Heavy Gauge) Manufacturing Industry report is the comprehensive market research ... (08/21/2009)

    Government Contracts

    In 2016, the federal government spent a total of $28,588,417 on Metal Tank Manufacturing. It has awarded 324 contracts to 162 companies, with an average value of $176,472 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount

    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Water tanks, heavy gauge metal, manufacturing, Retorts, Fermention tanks, heavy gauge metal tanks, Annealing vats, Acetylene cylinders, Columns, fractionating, Bulk storage tanks, Septic tanks, Oil storage tanks, Air receiver tanks, Absorbers, gas, Cylinders, pressure, Stills, Nuclear waste casks, Storage tanks, Vats, Gas storage tanks, Farm storage tanks, Tanks, Kettles, Digesters, industrial-type, Autoclaves, Vacuum tanks, Vessels, Liquid oxygen tanks manufacturing, Pots (e.g., annealing, melting, smelting), Liquefied petroleum gas (LPG) cylinders manufacturing, Smelting pots and retorts manufacturing, Accumulators, industrial pressure vessels, Petroleum storage tanks, Cryogenic tanks, Caissons, underwater work, etc.

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