Establishments primarily engaged in manufacturing complete tanks, specialized components for tanks, and self-propelled weapons. Establishments primarily engaged in manufacturing military vehicles, except tanks and self-propelled weapons, are classified in Industry Group 371, and those manufacturing tank engines are classified in Industry Group 351.
The Tanks and Tank Components industry (NAICS 3795) is currently witnessing several qualitative trends that are shaping its landscape. A significant trend is the increasing focus on sustainability and environmental compliance. Manufacturers are investing in the development of tanks made from eco-friendly materials and incorporating advanced technologies for leak detection and containment to minimize environmental impact. Another trend is the growing demand for customized tanks to meet specific industry requirements, such as specialized tanks for the pharmaceutical, food, and beverage sectors.
In parallel, there is a rising emphasis on digitalization and smart tanks. Companies are integrating IoT (Internet of Things) technologies to offer real-time monitoring and predictive maintenance, thereby improving efficiency and reducing downtime. The increased adoption of these smart tank solutions is anticipated to transform the industry by providing data-driven insights and enhanced operational control.
Looking ahead, the industry is expected to experience robust growth driven by the expansion of end-user industries such as oil and gas, chemicals, and water treatment. The demand for large-scale storage solutions and innovative tank designs is projected to rise. Moreover, regulatory pressures and evolving customer preferences for sustainable and high-performance tanks are likely to drive continuous innovation and development in the sector.
Amphibian tanks, military
Tank components, specialized: military
Tank recovery vehicles
Tanks, military: including factory rebuilding
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.