PUBLISHER: IMARC | PRODUCT CODE: 1468543
PUBLISHER: IMARC | PRODUCT CODE: 1468543
Water Tank Market Report by Type (Steel, Plastic, Fiberglass, and Others), Installation (Underground, Outdoor, Indoor), End-User (Residential, Commercial, Industrial, and Others), and Region 2024-2032
The global water tank market size reached US$ 4.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032. The escalating demand for fresh drinking water, increasing sales of portable water storage tanks, and the growing employment of water tanks in municipal corporations to supply clean drinking water represent some of the key factors driving the market.
A water tank collects clean water from reverse osmosis systems or other filter systems for later use and timely access. It comprises water butts and rainwater harvesting systems, baffled water tanks, and above and below ground tanks. It is manufactured from plastic, steel, fiberglass, stone, or concrete. It is widely available in various sizes, designs, and specifications and can be used in homes, commercial complexes, and large-scale industrial or municipal enterprises. It is cost-effective and easy to install and maintain while providing water for emergency fire suppression, irrigation, farming, plants and livestock, and chemical manufacturing. It helps extend the life of the pump by protecting the pump from short cycling. It ensures immediate access to pressurized water for showers or any household chores. It is coated with linings and cathodic protection that act as a physical barrier between the wall and water to prevent corrosion.
Water Tank Market Trends:
At present, the increasing demand for portable water storage tanks in commercial applications, such as aquaculture, construction, and agriculture, represents one of the key factors supporting the growth of the market. Besides this, there is a rise in the demand for water storage due to the growing population across the globe. This, along with increasing investments by individuals in household products, is propelling the growth of the market. In addition, governing agencies of several countries are implementing stringent regulations for the conservation and consumption of water. They are also focusing on installing water storage tanks to avoid scarcity of water, which is offering lucrative growth opportunities to industry investors. Moreover, key players are investing in research and development (R&D) activities to develop assorted types of tanks for specific new applications. Apart from this, the escalating demand for fresh drinking water on account of depleting groundwater reserves around the world is propelling the growth of the market. Additionally, there is an increase in the utilization of water tanks in the residential sector across the globe to store water when pipelines are not available. This, coupled with the rising employment of water tanks in municipal corporations to supply clean drinking water across cities, is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global water tank market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on type, installation, and end-user.
Type Insights:
Steel
Plastic
Fiberglass
Others
The report has provided a detailed breakup and analysis of the water tank market based on the type. This includes steel, plastic, fiberglass, and others. According to the report, plastic represented the largest segment.
Installation Insights:
Underground
Outdoor
Indoor
End-User Insights:
Regional Insights:
Competitive Landscape:
Key Questions Answered in This Report:
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
3 Executive Summary
4 Introduction
5 Global Water Tank Market
6 Market Breakup by Type
7 Market Breakup by Installation
8 Market Breakup by End User
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
List of Figures
- Figure 1: Global: Water Tank Market: Major Drivers and Challenges
- Figure 2: Global: Water Tank Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Water Tank Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Water Tank Market: Breakup by Type (in %), 2023
- Figure 5: Global: Water Tank Market: Breakup by Installation (in %), 2023
- Figure 6: Global: Water Tank Market: Breakup by End User (in %), 2023
- Figure 7: Global: Water Tank Market: Breakup by Region (in %), 2023
- Figure 8: Global: Water Tank (Steel) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Water Tank (Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Water Tank (Plastic) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Water Tank (Plastic) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Water Tank (Fibreglass) Market: Sales Value (in Million US$), 2018 & 2023
List of Tables
