Number of Metal Tank (Heavy Gauge) Manufacturing Businesses in the US (2000–2023)
As of 2023
1,001
metal tank (heavy gauge) manufacturing businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The metal tank (heavy gauge) manufacturing industry has declined 27.8% since 2000 (from 1,386 to 1,001 firms).
- •The peak year was 2000 with 1,386 firms.
- •Recent trend (last 5 years): the industry is shrinking (-11.7%).
- •Employment: 89,732 workers in 2023 (-11.6% change since 2000).
- •Estimated 5-year survival rate: 77%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 1,001 | 1,320 | 89,732 | 5.7% | 5.1% | +5.2% |
| 2022 | 1,039 | 1,357 | 89,581 | 4.9% | 5.3% | +6.9% |
| 2021 | 1,076 | 1,377 | 82,490 | 3.7% | 5.2% | -6.4% |
| 2020 | 1,105 | 1,411 | 87,063 | 3.4% | 6.5% | -1.7% |
| 2019 | 1,133 | 1,449 | 88,966 | 3.8% | 5.0% | +1.6% |
| 2018 | 1,140 | 1,456 | 86,377 | 3.7% | 5.9% | +1.8% |
| 2017 | 1,182 | 1,496 | 84,467 | 4.6% | 6.6% | -0.8% |
| 2016 | 1,192 | 1,505 | 84,715 | 3.3% | 5.0% | -9.4% |
| 2015 | 1,204 | 1,530 | 92,883 | 5.8% | 4.2% | +2.2% |
| 2014 | 1,198 | 1,505 | 91,475 | 4.3% | 3.7% | +1.5% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.