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2024 U.S. Industry Statistics & Market Forecast - Boiler, Tank, and Shipping Container Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Boiler, Tank, and Shipping Container Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Boiler, Tank, and Shipping Container Manufacturing industry include:- Increased demand from chemical and oil industries
- Shift towards sustainable and eco-friendly materials
- Adoption of advanced manufacturing technologies such as automation and robotics
- Globalization and expansion into emerging markets
- Regulatory pressures and increasing safety standards
- Higher raw material costs impacting production expenses
- Growth in international trade and shipping necessitating larger and more efficient containers
- Rise in customization to meet specific industry needs
- Integration of IoT and smart technology in container monitoring and tracking
- Increased focus on recycling and reuse in container manufacturing
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Boiler, Tank, and Shipping Container Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Boiler, Tank, and Shipping Container Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Boiler, Tank, and Shipping Container Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 6% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Office and Administrative Support Occupations | 9% | |||
| Production Occupations | 59% | |||
| Assemblers and Fabricators | 11% | |||
| Miscellaneous Assemblers and Fabricators | 8% | |||
| Metal Workers and Plastic Workers | 29% | |||
| Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 7% | |||
| Machinists | 8% | |||
| Machinists | 8% | |||
| Welding, Soldering, and Brazing Workers | 8% | |||
| Welders, Cutters, Solderers, and Brazers | 8% | |||
| Other Production Occupations | 14% | |||
| Computer Numerically Controlled Tool Operators and Programmers | 5% | |||
| Transportation and Material Moving Occupations | 6% | |||
Boiler, Tank, and Shipping Container Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Boiler, Tank, and Shipping Container Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Boiler, Tank, and Shipping Container Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Boiler, Tank, and Shipping Container Manufacturing industry. |
Source:
Innovation News
- Apr 25, 2024: Fulton Group NA patents Compact Fluid Heating System With High Bulk Heat Flux Using Elevated Heat Exchanger Pressure Drop
- Apr 04, 2024: X Energy patents Nuclear Reactor Neutron Reflector
- Mar 28, 2024: Fulton Group NA patents Ribbed Tubeless Heat Exchanger For Fluid Heating Systems Including A Rib Component And Methods Of Manufacture Thereof
- Jan 30, 2024: Abernathy trademarks "ABERNATHY" - Granular absorbent clay-based composition for absorbing spills from floors
- Dec 28, 2023: Victory Energy Operations trademarks "TRAILBLAZER SERIES" - Hot water heaters; Water heaters for industrial use
- Sep 29, 2023: Iron Container trademarks "IRON CONTAINER" - Commercial waste containers of metal; Waste dumpsters of metal, other than for medical use; Dumpsters
Recent Federal Contracts for Boiler, Tank, and Shipping Container Manufacturing
- Apr 01, 2024: AIRGAS USA, LLC (Long Beach, CA) awarded $18,653
- Mar 28, 2024: ROSWELL LIVESTOCK & FARM SUPPLY INC (Roswell, NM) awarded $21,523
- Mar 27, 2024: GREER STEEL INC (Lakewood, WA) awarded $10,933
- Mar 27, 2024: TRANTER INC (Houston, TX) awarded $18,912
- Mar 27, 2024: AT&F ADVANCED METALS LLC (Orrville, OH) awarded $58,886
- Mar 27, 2024: GETINGE USA SALES, LLC (Wayne, NJ) awarded $105,539
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