Tanking: Falling demand for silos and hoppers has driven a decline in industry revenue

The Boiler and Tank Manufacturing industry provides products to customers across many sectors, including mining, construction, manufacturing and agriculture. Deteriorating demand for silos and hoppers from grain growers and petroleum and coal product manufacturers has negatively affected the industry over the past five years. However, solid demand for large-scale boilers used for heating commercial and apartment buildings has partly offset declining demand from the key industrial markets over the past five years, somewhat supporting industry revenue.Industry revenue is expected to decline at an annualised 5.3% over the five years through 2018-19, to total $882.4 million. This includes an expected rise of 2.3%...read more.

Industry Statistics & Market Size
Revenue
$882m
Annual Growth 14-19
-5.3%
Forecast Growth 19-24
Profit
Employment
4,178
Businesses
1,446
Market Share of Companies

Industry Threats & Opportunities

  • Falling domestic demand has driven down industry revenue
  • Import penetration has risen due to the popularity of low-cost boilers and tanks from overseas
  • Demand from every major market is forecast to improve over the next five years
  • Industry Report - Starting a New Business Chapter

    The industry is characterised by moderate barriers to entry, a trend which has remained relatively stable over the past five years. Potential industry entrants require sufficient access to finance to fund the purchase or lease of capital equipment, procurement of materials and the rent of appropriate premises. New entrants also require access to suitably qualified personnel. However, these barriers are not prohibitive. The industry has a moderate level of competition and comprises a diverse range of products. Government regulation is moderate and mainly focuses on product standards and compliance with safety and environmental regulations.The diversity of products and the lack of dominant suppliers in most markets ensures that competitive conditions remain moderate. How...purchase to read more.

    Additional Insights for the Boiler and Tank Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Boiler and Tank Manufacturing are:

  • Ability to compete on tender
  • Ability to expand and curtail operations in line with market demand
  • Access to multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Demand from commercial and industrial building construction and Demand from food product manufacturing in the Boiler and Tank Manufacturing industry impact industry performance..

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    What's in this report

    What is the Boiler and Tank Manufacturing Industry?

    Firms in the industry manufacture metal boiler and tank products, including steam boilers, pressure tanks, storage tanks and other metal containers, from heavy gauge metals. These products are used by a range of downstream industries, particularly in the construction, manufacturing and agriculture sectors.

    Industry Products
  • Packaged boilers
  • Water boilers
  • Other boilers
  • Storage tanks
  • Mixing and other tanks
  • Fuel tanks
  • Industry Activities
  • Metal boiler
  • Metal farm storage tank
  • Gas cylinder
  • Metal vat and tank
  • Metal silo
  • Steam generating boiler
  • Steam superheater
  • Metal storage tank
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from commercial and industrial building construction
  • Demand from food product manufacturing
  • Demand from grain growing
  • Actual capital expenditure on mining
  • Demand from petroleum and coal product manufacturing
  • Domestic price of iron and steel

  • Current Performance
  • Demand conditions
  • Import penetration
  • Profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand conditions
  • International trade
  • Profitability
  • Table: Boiler and Tank Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Boiler and Tank Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Grain Growing
  • Mining
  • Construction
  • Farm and Construction Machinery Wholesaling
  • Mining and Industrial Machinery Wholesaling

  • Key Selling Industries
  • Iron Smelting and Steel Manufacturing
  • Paint and Coatings Manufacturing
  • Power Automation Products and Other Electrical Equipment Manufacturing
  • Pump and Compressor Manufacturing
  • Steel Pipe and Tube Manufacturing

  • Products & Services
  • Water boilers
  • Storage tanks
  • Packaged boilers
  • Fuel tanks
  • Mixing and other tanks
  • Other boilers
  • Chart: Boiler and Tank Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial builders and developers
  • Food and beverage manufacturers
  • Mining and energy sector
  • Petroleum and chemical manufacturers and refineries
  • Agricultural sector
  • Automotive manufacturers
  • Other manufacturers
  • Households and other businesses
  • Chart: Major Market Segmentation for the Boiler and Tank Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Boiler and Tank Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Boiler and Tank Manufacturing Industry

  • Industry Globalization
    Ahrens Group Pty Ltd,
  • Table: Ahrens Group Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Boiler and Tank Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Boiler and Tank Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Btu
  • British Thermal Units are the unit of measurement for heat created by burning material. One BTU is equivalent to 1055 joules of energy.
  • Packaged Boilers
  • Packaged boilers are standardised, complete boilers that are delivered to the required facility and connected to the necessary services.
  • Water Tube Boilers
  • Water tube boilers create steam when water is heated inside its boiler drum, using oil or gas as fuel. They are often custom-made and are used to produce high amounts of steam and pressure.
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    Why buy this report?

    IBISWorld’s Boiler and Tank Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Boiler and Tank Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Boiler and Tank Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Boiler and Tank Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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