PUBLISHER: The Business Research Company | PRODUCT CODE: 1712334
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712334
Boilers, tanks, and shipping containers are metal containers created through the manufacturing process involving the cutting, shaping, and assembly of metal components. These containers serve multiple purposes, including the storage and transport of goods, processing liquid materials, and containing hazardous liquids.
The primary types of boilers, tanks, and shipping containers are power boilers and heat exchangers for applications like power plants, metal tanks made from heavy gauge material, metal cans, boxes, and other metal containers crafted from light gauge materials. These containers encompass various product types, including refrigerated containers, dry storage containers, special-purpose containers, flat rack containers, and other specialized variants. They are available in different sizes such as small, large, and high cube containers, and find utility in residential, commercial, and various other applications.
The boiler, tank, and shipping container market research report is one of a series of new reports from The Business Research Company that provides boiler, tank, and shipping container market statistics, including boiler, tank, and shipping container industry global market size, regional shares, competitors with a boiler, tank, and shipping container market share, detailed boiler, tank, and shipping container market segments, market trends and opportunities, and any further data you may need to thrive in the boiler, tank, and shipping container industry. This boiler, tank, and shipping container market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The boiler, tank, and shipping container market size has grown strongly in recent years. It will grow from $247.05 billion in 2024 to $261.89 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to industrialization, energy demand, oil and gas industry growth, infrastructure development, maritime trade.
The boiler, tank, and shipping container market size is expected to see steady growth in the next few years. It will grow to $314.08 billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to energy transition, environmental regulations, digitalization and iot, hydrogen economy, e-commerce and logistics. Major trends in the forecast period include energy-efficient boilers, tank farm automation, containerization in agriculture, tank coating and lining technologies, intermodal container usage.
The forecasted period is expected to witness market growth driven by rapid advancements in wireless technology and the trend of miniaturization, which involves designing smaller components for equipment. Additionally, manufacturing in this industry is benefiting from the incorporation of technologies like 3D printing, artificial intelligence, and big data analytics. These technological integrations are leading to increased productivity, reduced operating costs, and improved profit margins. For example, as per Compass, internet traffic is projected to triple compared to its previous levels in 2022, and the share of IoT devices is anticipated to grow by 28% by 2025, further bolstering the boiler, tank, and shipping container manufacturing market during the forecast period.
The adoption of robotics and automation is expected to drive the growth of the boiler, tank, and shipping container market in the future. Robotics and automation involve using machines and technology to perform tasks with minimal human intervention. This adoption is driven by the need for increased efficiency, cost reduction, improved precision, and the ability to handle complex or hazardous tasks. Tanks and shipping containers are particularly beneficial in robotics and automation because they offer secure and efficient storage, transportation, and handling of goods, allowing automated systems to manage large volumes with minimal human involvement. For example, in September 2023, the International Federation of Robotics, a Germany-based non-profit organization, reported that in 2022, annual installations reached 290,258 units, surpassing the previous record set in 2021 with a 5% growth. Therefore, the growing adoption of robotics and automation is a key driver for the boiler, tank, and shipping container market.
Leading companies in the boiler, tank, and shipping container market are focusing on developing innovative products, such as steam water tube boilers, to improve efficiency, reduce emissions, and cater to various industrial requirements. Steam water tube boilers are designed with water circulating through tubes that are heated externally by steam or hot gases, making them highly efficient for generating high-pressure steam for diverse industrial uses. For example, in January 2023, Babcock Wanson UK Ltd., a machinery manufacturing company based in the UK, introduced FM Pack Water Tube Boilers. These boilers are designed for high steam output, high pressure, and superheated steam applications. They provide improved efficiency, durability, and flexibility to accommodate different fuel types and comply with emissions regulations.
Major companies operating in the boiler, tank, and shipping container market include Ball Corporation, China International Marine Containers (Group) Ltd., General Electric Company, Alfa Laval AB, Ardagh Group S.A., Doosan Heavy Industries & Construction Co. Ltd., Pacific International Lines (Private) Limited, BWX Technologies Inc., CIMC Enric Holdings Limited, A.P. Moller-Maersk A/S, Novelis Inc., Rio Tinto Group, Alcoa Corporation, United Co RUSAL PLC, Aluminum Corporation of China Limited (CHALCO), Glencore International, Emirates Global Aluminum, Norsk Hydro ASA, Angang Steel Company Limited, Steel Authority of India Limited, SSAB AB, Nucor Corp, Compagnie de Saint-Gobain S.A., Nippon Steel & Sumitomo Metal Corporation, Vallourec SA, Voestalpine AG, Mechel PAO, Atlas Copco AB, Metso Oyj.
Asia-Pacific was the largest region in the boiler, tank, and shipping container market in 2024. Western Europe was the second largest region in the boiler, tank, and shipping container market. The regions covered in the boiler, tank, and shipping container market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the boiler, tank, and shipping container market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The boilers, tanks and shipping containers market consists of sales of dry storage container, open top tanks, and half height containers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Boiler, Tank, And Shipping Container Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on boiler, tank, and shipping container market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for boiler, tank, and shipping container ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The boiler, tank, and shipping container market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.