Global Storage Tanks Market Size & Outlook, 2023-2030
The storage tanks industry worldwide is expected to reach a projected revenue of US$ 37,988.6 million by 2030. A compound annual growth rate of 6.5% is expected of the worldwide storage tanks industry from 2024 to 2030.
Revenue, 2023 (US$M)
$24,494.2
Forecast, 2030 (US$M)
$37,988.6
CAGR, 2024 - 2030
6.5%
Report Coverage
Worldwide
Global storage tanks market, 2018-2030 (US$M)
Global storage tanks market highlights
- The global storage tanks market generated a revenue of USD 24,494.2 million in 2023 and is expected to reach USD 37,988.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.5% by 2030.
- In terms of segment, aboveground storage tanks accounted for a revenue of USD 24,494.2 million in 2023.
- Aboveground Storage Tanks is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 24,494.2 million |
| Market revenue in 2030 | USD 37,988.6 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Aboveground storage tanks |
| Fastest growing segment | Aboveground Storage Tanks |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aboveground Storage Tanks |
Other key industry trends
- In terms of revenue, the North America accounted for 24.4% of the global storage tanks market in 2023.
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Storage Tanks Market Scope
Storage tanks market segmentation & scope
Product
Hazardous
Non-Hazardous
Material
Steel
Concrete
Polyethylene
Others
End Use
Oil & Gas
Chemicals
Water
Food and Beverage
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Norway
Russia
China
India
Japan
Australia
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Storage Tanks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global storage tanks market size, by regions, 2018-2030 (US$M)
Related industry reports
Related regional statistics
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