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Metal Tank Market Trends and Forecast
The future of the metal tank market looks good with opportunities in hospital and homecare sector. The global metal tank market is expected to reach an estimated $466.5 billion by 2027, and it is forecast to grow at a CAGR of ~4% from 2022 to 2027. The major drivers for market growth are increasing healthcare expenditure, technological development, growing aging population, and chronic diseases.
Emerging Trends in Metal Tank Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of AI-optimized metal tanks, increasing acceptance of wearable metal tanks, growing use of miniaturized metal tanks, and growing adoption 3D-Printing in metal tanks.
A total of 73 figures / charts and 52 tables are provided in this 202-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched, and other details of the metal tank market report, please download the report brochure.
Metal Tank Market by Segment
In this industry,fuel tank is the largest market by application, whereas pressure tanks is the larger pressure type.
The study includes trends and forecast for the metal tank market by application, function, end use, and region as follows:
Metal Tank Market by Application [$B shipment analysis from 2016 to 2027]:
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Fuel
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Water & Wastewater
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Fire Protection
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Industrial
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Food & Beverage
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Paper & Pulp
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Others
Metal Tank Market by Build [$B shipment analysis from 2016 to 2027]:
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Custom Fabricated at the Factory
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Custom Fabricated and Field Erected
Metal Tank Market by Size [$B shipment analysis from 2016 to 2027]:
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Below 5,000 Gallons
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5,000 to 25,000 Gallons
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Over 25,000 Gallons
Metal Tank Market by Pressure [$B shipment analysis from 2016 to 2027]:
Metal Tank Market by Installation [$B shipment analysis from 2016 to 2027]:
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Above-ground
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Under-ground
Metal Tank Market by End Use [$B shipment analysis from 2016 to 2027]:
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Oil & Gas
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Industrial
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Municipal and Others
Metal Tank Market by Region [$B shipment analysis from 2016 to 2027]:
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North America
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Europe
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APAC
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ROW
List of Metal Tank Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, metal tank companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the metal tank companies profiled in this report include-
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Medtronic
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Johnson & Johnson
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Stryker
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Siemens
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Cardinal Health
Metal Tank Market Insight
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Lucintel forecasts that cardiovascular device will remain the largest segment over the forecast period due to increasing global geriatric population, inactive lifestyle, and poor eating habits.
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Within the global metal tank market, diagnostic and monitoring, therapeutic, and surgical are the major function segments. Surgical device will remain the largest segment over the forecast period due to increasing number of surgical procedures, growing aging population, and increase in incidence of several chronic diseases.
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North America will remain the largest region during the forecast period mainly due to a large target patient pool coupled with a high adoption rates for advanced treatments in this region. Asia Pacific is expected to witness the highest growth over the forecast period due to growing health awareness, increasing per capita income, and improving healthcare infrastructure.
Features of Metal Tank Market
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Market Size Estimates: Metal tank market size estimation in terms of value ($B).
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Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
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Segmentation Analysis: Metal tank market size by various segments, such as application, function, and end use.
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Regional Analysis: Metal tank market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
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Growth Opportunities: Analysis on growth opportunities in different application, function, end use, and regions for metal tank market.
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Strategic Analysis: This includes M&A and competitive landscape for the metal tank.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the metal tank market size?
Answer: The global metal tank market is expected to reach an estimated $14.1 billion by 2027.
Q2. What is the growth forecast for metal tank market?
Answer: The metal tank market is expected to grow at a CAGR of ~ 4% from 2022 to 2027.
Q3. What are the major drivers influencing the growth of the metal tank market?
Answer: The major drivers for this market are …..
Q4. What are the major end uses for the metal tank market?
Answer:. Oil & Gas, Industrial, and Municipal and Others
Q5. What are the emerging trends in the metal tank market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of AI-optimized metal tanks, increasing acceptance of wearable metal tanks, growing use of miniaturized metal tanks, and growing adoption 3D-printing in metal tanks.
Q6. Who are the key metal tank companies?
Answer: Some of the key metal tank companies are as follows:
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Medtronic
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Johnson & Johnson
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Stryker
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Siemens
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Cardinal Health
Q7. Which segment will witness the highest growth in the metal tank market in the future?
Answer: Lucintel forecasts that aboveground metal tanks will remain the largest segment and witness the highest growth over the forecast period due to easier access for repairs and maintenance.
Q8. In metal tank market, which region is expected to be the largest in the next five years?
Answer: North America will remain the largest region during the forecast period mainly due to a large target patient pool coupled with a high adoption rates for advanced treatments in this region. Asia Pacific is expected to witness the highest growth over the forecast period due to growing health awareness, increasing per capita income, and improving healthcare infrastructure.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the metal tank market by application (surgical and infection control devices, general metal tanks, cardiovascular devices, orthopedic devices, home healthcare devices, and other devices), function (diagnostic and monitoring, therapeutic, surgical and other devices), end use (homecare metal tank and hospital and ambulatory care metal tank), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the metal tank market?
Q.5 What are the business risks and threats to the metal tank market?
Q.6 What are the emerging trends in this metal tank market and the reasons behind them?
Q.7 What are some changing demands of customers in the metal tank market?
Q.8 What are the new developments in the metal tank market? Which companies are leading these developments?
Q.9 Who are the major players in the metal tank market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the metal tank market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the metal tank market?