Global Vertical Storage Tank Market Size & Outlook
Global vertical storage tank market, 2018-2030 (US$M)
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Global vertical storage tank market highlights
- The global vertical storage tank market generated a revenue of USD 3,376.2 million in 2024 and is expected to reach USD 4,875.2 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 6.7% by 2030.
- In terms of segment, 501 barrels to 700 barrels accounted for a revenue of USD 1,611.7 million in 2024.
- 701 barrels to 1,000 barrels 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 2024.
- Country-wise, Venezuela is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 3,376.2 million |
| Market revenue in 2030 | USD 4,875.2 million |
| Growth rate | 6.7% (CAGR from 2025 to 2030) |
| Largest segment | 501 barrels to 700 barrels |
| Fastest growing segment | 701 barrels to 1,000 barrels |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 300 barrels to 500 barrels, 501 barrels to 700 barrels, 701 barrels to 1,000 barrels |
Other key industry trends
- In terms of revenue, the North America accounted for 29.1% of the global vertical storage tank market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Venezuela is the fastest growing regional market and is projected to reach USD 25.0 million by 2030.
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Vertical Storage Tank Market Scope
Vertical Storage Tank Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Long Industries | View profile | - | Buffalo, Texas, United States, North America | https://longindustries.us/ |
| KBK Industries | View profile | 101-250 | Rush Center, Kansas, United States, North America | http://www.kbkindustries.com/ |
| JWF Industries | View profile | 251-500 | Johnstown, Pennsylvania, United States, North America | http://jwfi.com |
| Coyote Tanks | View profile | 11-50 | Vernal, Utah, United States, North America | https://coyotetanks.com |
| CentPro Engineering PVT. LTD | View profile | 51-100 | https://centpro.com/ | |
| BHI | View profile | 1-10 | New York, New York, United States, North America | http://bhiusa.com |
| The Dixie Group | View profile | 101-250 | Dalton, Georgia, United States, North America | https://www.thedixiegroup.com/ |
| Highland Tank | View profile | 51-100 | Stoystown, Pennsylvania, United States, North America | https://www.highlandtank.com/ |
| CST Industries | View profile | 501-1000 | Kansas City, Missouri, United States, North America | https://www.cstindustries.com |
Global vertical storage tank market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vertical storage tank market will help companies and investors design strategic landscapes.
501 barrels to 700 barrels was the largest segment with a revenue share of 47.74% in 2024. Horizon Databook has segmented the Global vertical storage tank market based on 300 barrels to 500 barrels, 501 barrels to 700 barrels, 701 barrels to 1,000 barrels covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Vertical Storage Tank Type Outlook (Revenue, USD Million, 2018-2030)
- 300 barrels to 500 barrels
- 501 barrels to 700 barrels
- 701 barrels to 1,000 barrels
- Global Vertical Storage Tank API Standard Outlook (Revenue, USD Million, 2018-2030)
- API 12F
- API 650
- API 620
- Global Vertical Storage Tank Location Outlook (Revenue, USD Million, 2018-2030)
- Aboveground Storage Tanks
- Underground Storage Tanks
- Global Vertical Storage Tank Application Outlook (Revenue, USD Million, 2018-2030)
- Crude Oil Storage
- Refined Product Storage
- Chemical Storage
- Global Vertical Storage Tank End Use Outlook (Revenue, USD Million, 2018-2030)
- Upstream
- Midstream
- Downstream
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Our clientele includes a mix of vertical storage tank market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global vertical storage tank market , including forecasts for subscribers. This global databook contains high-level insights into Global vertical storage tank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global vertical storage tank market size, by regions, 2018-2030 (US$M)
Top 10 countries: Vertical storage tank market size, 2024 (US$M)
Global vertical storage tank market share, by type, 2024 & 2030 (%, US$M)
Vertical storage tank market: Opportunity assessment by country
Global vertical storage tank market, by region, 2024 (US$M)
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