On the boil: Increased demand from mining is expected to support growth in the current year

The Boiler and Tank Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.


Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Annual Growth
2012 - 2017
Annual Growth
2017 - 2022

Industry Threats & Opportunities

  • Poor domestic demand and rising import penetration have eroded the industry's performance
  • Industry imports have risen as downstream companies have opted for low-cost boilers and tanks
  • There is excellent scope for the expansion of regional firms that focus on agricultural customers

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    Industry Analysis & Industry Trends

    The Boiler and Tank Manufacturing industry supplies a range of products to customers across many sectors, including mining, construction, manufacturing and agriculture industries. Over the past five years, the subdued trends in the Manufacturing division, the recent deterioration of demand for silos and hoppers from grain growers, and the sharp downturn in investment in mining and refining operations have contained the industry's performance. Subdued demand from the non-residential building market, which is a key source of demand for commercial boilers used for heating buildings, has also had an adverse effect on the industry.

    Industry revenue is expected to decline by an annualised 2.7% over the five years through 2016-17, to total $944.0 million...

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    Industry Report - Industry Investment Chapter

    The industry has a low degree of capital intensity due mainly to the high-skilled labour requirement in the assembly of end-products. Wage costs (a proxy for labour expenses) are estimated to absorb 25.5% of industry revenue in 2016-17 and depreciation charges (a proxy for capital) represent about 2.7% of annual industry revenue. Therefore, the industry allocates $9.44 towards the labour input to production for each dollar invested in capital equipment. Capital intensity has remained fairly stable over the past five years.

    The assembly of tanks and boiler systems requires welding by skilled tradespeople. The principal capital equipment required for the manufacture of high-pressure boiler systems is machinery capable of stamping, cutting and bending heavy gauge metals. The..

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    Additional Insights for the Boiler and Tank Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Boiler and Tank Manufacturing Industry 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 food product manufacturing and Demand from grain growing in the Boiler and Tank Manufacturing industry impact industry performance..

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    Industry Products

    What is the Boiler and Tank Manufacturing Industry?

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

    Industry Products
    Packaged boilers
    Water boilers
    Other boilers
    Storage tanks
    Mixing tanks
    Fuel tanks
    Other 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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from food product manufacturing
  • Demand from grain growing
  • Demand from non-residential building construction
  • Demand from petroleum and coal product manufacturing
  • Demand from mining
  • Domestic price of iron and steel

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • 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

  • Products & Markets
    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 tanks
  • Other boilers
  • Other tanks
  • 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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Boiler and Tank Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • British Thermal Unit standard unit is the measurement of heat created by burning material. An energy equivalent to 1055 joules.
  • Packaged Boilers
  • Packaged boilers are standardised, complete boilers that are delivered to the required facility and connected to applicable services to become operational.
  • Tanks
  • Industry tanks include specialised metal storage tanks for a range of products, such as liquids (fuels and beverages) and solid items (grain and chemicals).
  • Water Tube Boilers
  • Often custom-made and used when steam demand and pressure needs are high, water tube boilers create steam when water is heated inside its boiler drum, using oil or gas as fuel.
  • Why buy this report?

    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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