The boiler, tank and shipping container manufacturing market includes establishments engaged in cutting, forming, and joining light and heavy gauge metal containers, tanks, and vessels. They also manufacture and may install power boilers and heat exchangers.
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The global boiler, tank, and shipping container manufacturing market was valued at $22 billion in 2017. This is due to technological advances and new product developments at competitive prices driving the metal and mineral manufacturing market.
The market can be easily split into power boiler and heat exchanger, metal tank (heavy gauge), metal can, box, and other metal container (light gauge).
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China was the largest country in the market, accounting for nearly 30% of the global boiler, tank, and shipping container manufacturing market share. This is due to the large automobile and telecom manufacturing market in the country. China was followed by India and Japan as the next largest countries in the market.
The major competitors in the market are Cesaroni Technology Inc., Ordan Thermal Products Ltd, Allied Can Manufacturing Inc., Nu-Tech Precision Metals Inc., and Steam Sauna.
Cesaroni Technology Incorporated was the largest player in the market. It is a high-tech company specializing in industrial design and manufacturing as well as research and development.
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