DUBLIN--(BUSINESS WIRE)--The "Boiler, Tank, and Shipping Container Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
The global boiler, tank, and shipping container market is expected to grow from $182. 47 billion in 2020 to $207. 77 billion in 2021 at a compound annual growth rate (CAGR) of 13. 9%.
Major companies in the boiler, tank, and shipping container market include Cesaroni Technology Inc; Ordan Thermal Products Ltd; Allied Can Manufacturing Inc; Nu-Tech Precision Metals Inc and Steam Sauna.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The market is expected to reach $267.47 billion in 2025 at a CAGR of 7%.
The boiler, tank, and shipping container market consists of sales of boiler, tank, and shipping containers by entities (organizations, sole traders or partnerships) that produce power boilers and heat exchangers, cut, form, and join heavy gauge metal to produce tanks, vessels, and other containers or form light gauge metal containers. The boiler, tank, and shipping container market is segmented into power boiler and heat exchanger; metal tank (heavy gauge); and metal can, box, and other metal container (light gauge).
Western Europe was the largest region in the global boiler, tank, and shipping container market, accounting for 31% of the market in 2020. Asia Pacific was the second largest region accounting for 30% of the global boiler, tank, and shipping container market. Africa was the smallest region in the global boiler, tank, and shipping container market.
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 reduce 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 rise in automation and robotics technology adoption to improve productivity and reduce production costs.
According to KPMG report, 16% executives of global metals companies have already invested in robotics for metal manufacturing, 31% executives have set plans to possibly invest in robotics for new technology and opportunities, and 42% are willing to invest on robotics in the near future. Additionally, the report states, 63% of the executives of metal manufacturing companies are considering investing in automation. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman.
Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in boiler, tank, and shipping container manufacturing thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs and higher margins.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Boiler, Tank, and Shipping Container Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Boiler, Tank, and Shipping Container Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Boiler, Tank, and Shipping Container Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Boiler, Tank, and Shipping Container Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Boiler, Tank, and Shipping Container Market Trends and Strategies
8. Impact of COVID-19 on Boiler, Tank, and Shipping Container
9. Boiler, Tank, and Shipping Container Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Boiler, Tank, and Shipping Container Market Regional Analysis
10.1. Global Boiler, Tank, and Shipping Container Market, 2020, by Region, Value ($ Billion)
10.2. Global Boiler, Tank, and Shipping Container Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Boiler, Tank, and Shipping Container Market, Growth and Market Share Comparison, by Region
11. Boiler, Tank, and Shipping Container Market Segmentation
11.1. Global Boiler, Tank, and Shipping Container Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Power Boiler and Heat Exchanger
- Metal Tank (Heavy Gauge)
- Metal Can, Box, and Other Metal Container (Light Gauge)
11.2. Global Boiler, Tank, and Shipping Container Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Residential
- Commercial
- Others
11.3. Global Boiler, Tank, and Shipping Container Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Refrigirated Container
- Dry Storage Container
- Special Purpose Container
- Flat Rack Container
- Others
11.4. Global Boiler, Tank, and Shipping Container Market, Segmentation by Container Size, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Small Containers
- Large Containers
- High Cube Container
12. Boiler, Tank, and Shipping Container Market Metrics
12.1. Boiler, Tank, and Shipping Container Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Boiler, Tank, and Shipping Container Market Expenditure, 2015-2025, Global
Companies Mentioned
- Cesaroni Technology Inc
- Ordan Thermal Products Ltd
- Allied Can Manufacturing Inc
- Nu-Tech Precision Metals Inc
- Steam Sauna
For more information about this report visit https://www.researchandmarkets.com/r/dyx6fz
