Global Boiler, Tank, And Shipping Container Market Size, Drivers, Trends, Opportunities And Strategies – includes Boiler, Tank, And Shipping Container Market Forecast
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Rapid advances in wireless technology and miniaturization are expected to drive innovation in boilers, tanks and shipping containers manufacturing, thus driving the market during the forecast period.
The global boilers, tanks and shipping containers market is expected to grow from $220.3 billion in 2022 to $238.02 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The boiler, tank, and shipping container market is expected to grow to $313.93 billion in 2027 at a CAGR of 7.2%.
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- By Type: Power Boiler and Heat Exchanger, Metal Tank (Heavy Gauge), Metal Can, Box, and Other Metal Container (Light Gauge)
- By Product Type: Refrigerated Container, Dry Storage Container, Special Purpose Container, Flat Rack Container, Other Product Types
- By Container Size: Small Containers, Large Containers, High Cube Container
- By Application: Residential, Commercial, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global boilers, tanks and shipping containers market in 2021.
Major Market Players in the boilers, tanks and shipping containers market include Ball Corporation, China International Marine Containers (Group) Ltd., General Electric Company, Alfa Laval AB, Ardagh Group S.A.
Many metal and mineral manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reducing potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG), 1.2 million industrial robots are expected to be deployed by 2025, thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs. According to the KPMG report, 16% of executives of global metals companies have already invested in robotics for metal manufacturing, 31% of executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest in robotics shortly. Additionally, the report states, 63% of the executives of metal manufacturing companies are considering investing in automation.
The Boiler, Tank, And Shipping Container Global Market Report 2023 provides a boilers, tanks and shipping containers market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The boilers, tanks and shipping containers market forecast analyzes boilers, tanks and shipping containers market size, boilers, tanks and shipping containers market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Boilers, tanks, and shipping containers refer to a type of container made of metal by using a method of manufacturing that includes cutting, forming, and joining metal parts to produce tanks that are used for storage and transportation of goods from one place to another, the processing of liquid material, and the storage of hazardous liquids.
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