The market is dominated by domestic suppliers, as imports account for 13.1% of total market size in 2023. B2B drives market demand, with B2B spending representing 99.7% of total demand in 2023. The US has the largest market size for tanks, reservoirs, boilers and radiators across the top 20 developed countries, with demand reaching USD14.2 billion in 2023. Chicago Bridge & Iron Co NV is the largest company in the US, generating 14.7% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 22.5% of total production value in 2023. The total number of companies increases in 2023, to 2,881 units. The costs of the industry increase by 4.2% in 2023, largely driven by rising labour costs. The industry’s profitability increases and stands at 11.9% of production value in 2023, the seventh highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 7.1% of total production output. With production value of USD12.1 billion, the US accounts for 85.3% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Tanks, Reservoirs, Boilers and Radiators in the US: ISIC 2812. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Tanks, Reservoirs, Boilers and Radiators in the US: ISIC 2812 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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