Tools commonly used in the Tanks-Used (Wholesale) industry for day-to-day tasks and operations.

• Tank cleaning equipment
• Welding equipment
• Cutting tools (e.g. plasma cutters)
• Pressure testing equipment
• Hoists and cranes
• Hand tools (e.g. wrenches, hammers)
• Sandblasting equipment
• Paint sprayers
• Inspection cameras
• Forklifts

Common products and services typical of NAICS Code 423860-27, illustrating the main business activities and contributions to the market.

• Used oil tanks
• Chemical storage tanks
• Water storage tanks
• Fuel storage tanks
• Propane tanks
• Industrial gas tanks
• Wine fermentation tanks
• Milk storage tanks
• Brewery tanks
• Fertilizer storage tanks

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Hazardous Materials Endorsement (HME): A certification required by the Transportation Security Administration (TSA) for drivers who transport hazardous materials. The certification ensures that the driver has passed a background check and is aware of the risks and regulations associated with transporting hazardous materials. More information can be found on the TSA website:
• Commercial Driver's License (CDL): A license required by the Federal Motor Carrier Safety Administration (FMCSA) for drivers who operate commercial motor vehicles (CMVs) weighing over 26,001 pounds or carrying hazardous materials. The license ensures that the driver has passed a knowledge and skills test and is aware of the regulations associated with operating a CMV. More information can be found on the FMCSA website:
• Environmental Protection Agency (EPA) Certification: A certification required by the EPA for individuals who handle refrigerants in air conditioning and refrigeration systems. The certification ensures that the individual is aware of the regulations associated with handling refrigerants and can do so safely. More information can be found on the EPA website:
• Occupational Safety and Health Administration (OSHA) Certification: A certification required by OSHA for individuals who work in hazardous industries, including the wholesale industry. The certification ensures that the individual is aware of the safety regulations associated with their job and can work safely. More information can be found on the OSHA website:
• National Institute for Occupational Safety and Health (NIOSH) Certification: A certification required by NIOSH for individuals who work with respiratory protection equipment. The certification ensures that the individual is aware of the regulations associated with respiratory protection and can use the equipment safely. More information can be found on the NIOSH website:

A concise historical narrative of NAICS Code 423860-27 covering global milestones and recent developments within the United States.

• The "Tanks-Used (Wholesale)" industry has a long history dating back to the early 20th century when the first tanks were used in World War I. After the war, many tanks were decommissioned and sold to private companies, which marked the beginning of the used tank market. During World War II, tanks played a crucial role in the war effort, and after the war, many tanks were again decommissioned and sold to private companies. In recent history, the industry has seen notable advancements in technology, such as the development of remote-controlled tanks and the use of tanks in the oil and gas industry for storage and transportation purposes. In the United States, the "Tanks-Used (Wholesale)" industry has seen significant growth in recent years due to the increasing demand for tanks in various industries, such as oil and gas, agriculture, and construction. The industry has also seen advancements in technology, such as the use of drones for tank inspections and the development of new materials for tank construction. In addition, the industry has been impacted by various regulations, such as the Environmental Protection Agency's regulations on underground storage tanks. Overall, the industry has a rich history and continues to evolve with new technologies and regulations.

The anticipated future trajectory of the NAICS 423860-27 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the industry "Tanks-Used (Wholesale)" in the USA is positive. The demand for used tanks is expected to increase due to the growing need for storage and transportation of various liquids and gases. The industry is also expected to benefit from the increasing focus on sustainability and the circular economy, as used tanks can be repurposed and recycled. Additionally, the industry is likely to benefit from the growth of the oil and gas industry, as tanks are used for storage and transportation of these products. However, the industry may face challenges due to the increasing competition from new and emerging technologies, such as 3D printing and advanced materials. Overall, the industry is expected to grow steadily in the coming years.

Recent groundbreaking advancements and milestones in the Tanks-Used (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• Tank Cleaning and Inspection Robots: These robots are designed to clean and inspect tanks without the need for human entry, reducing the risk of accidents and improving efficiency.
• Iot-Enabled Tanks: Tanks equipped with sensors and IoT technology can provide real-time data on the level, temperature, and pressure of the stored liquids or gases, enabling better monitoring and control.
• Tank Leasing Services: Some companies are now offering tank leasing services, allowing businesses to rent tanks instead of buying them outright, reducing upfront costs and improving flexibility.
• Tank Recycling Programs: Several companies are now offering tank recycling programs, allowing businesses to dispose of their used tanks in an environmentally friendly way and repurpose the materials.
• Tank Tracking Software: Software solutions are now available that allow businesses to track the location and status of their tanks in real-time, improving logistics and reducing the risk of loss or theft.

This section provides an extensive list of essential materials, equipment and services that are integral to the daily operations and success of the Tanks-Used (Wholesale) industry. It highlights the primary inputs that Tanks-Used (Wholesale) professionals rely on to perform their core tasks effectively, offering a valuable resource for understanding the critical components that drive industry activities.

Material

Tank Fittings and Accessories: Essential components such as valves and gauges that facilitate the safe and efficient operation of tanks, ensuring proper handling of stored materials.

Tank Linings and Coatings: Protective materials applied to the interior of tanks to prevent corrosion and chemical reactions, enhancing the durability of the tanks.

Used Fiberglass Tanks: Known for their resistance to corrosion and chemicals, these tanks are often used for storing aggressive substances, ensuring safety and longevity.

Used Plastic Tanks: Lightweight and corrosion-resistant, these tanks are ideal for storing chemicals and other liquids, making them a popular choice in various industries.

Used Steel Tanks: These tanks are repurposed for various storage needs, providing a cost-effective solution for businesses requiring durable containers for liquids or gases.

Service

Regulatory Compliance Consulting: Expert advice on adhering to environmental and safety regulations related to the storage and handling of materials in tanks, crucial for legal compliance.

Tank Cleaning Services: Professional cleaning services that ensure tanks are free from contaminants, which is crucial for maintaining the integrity of stored materials.

Tank Maintenance Services: Regular maintenance services that help in the upkeep of tanks, preventing potential failures and ensuring compliance with safety regulations.

Tank Repair Services: Services that address leaks and structural issues in used tanks, extending their lifespan and ensuring safe operation.

Transport Services for Tanks: Logistical services that specialize in the safe transportation of used tanks, ensuring they reach their destination without damage.

Explore a detailed compilation of the unique products and services offered by the Tanks-Used (Wholesale) industry. This section provides precise examples of how each item is utilized, showcasing the diverse capabilities and contributions of the Tanks-Used (Wholesale) to its clients and markets. This section provides an extensive list of essential materials, equipment and services that are integral to the daily operations and success of the Tanks-Used (Wholesale) industry. It highlights the primary inputs that Tanks-Used (Wholesale) professionals rely on to perform their core tasks effectively, offering a valuable resource for understanding the critical components that drive industry activities.

Material

Used Chemical Storage Tanks: These tanks are specifically designed for the safe storage of chemicals, ensuring that they meet regulatory standards. They are commonly used in industrial settings where hazardous materials need to be stored securely.

Used Fiberglass Tanks: Known for their resistance to chemicals and environmental conditions, fiberglass tanks are ideal for storing a variety of liquids, including wastewater and chemicals. Their lightweight nature allows for easier transportation and installation in various settings.

Used LPG Tanks: These tanks are used for storing liquefied petroleum gas and are essential for businesses that rely on gas for heating or cooking. Their design ensures safe storage and compliance with safety regulations.

Used Oil Tanks: These tanks are specifically designed for the storage of oil, including fuel oil and lubricating oil. They are commonly used in automotive and industrial applications to ensure a steady supply of oil for operations.

Used Plastic Tanks: Lightweight and resistant to corrosion, these tanks are commonly utilized for storing non-hazardous liquids. They are frequently used in agricultural applications for fertilizers and pesticides, as well as in food processing for safe storage of liquids.

Used Steel Tanks: These robust tanks are often repurposed for various industrial applications, including the storage of chemicals and liquids. Their durability and strength make them suitable for heavy-duty use, and they can be found in manufacturing plants and agricultural settings.

Used Water Storage Tanks: These tanks are utilized for storing large quantities of water, often for agricultural irrigation or emergency water supply. Their capacity and durability make them essential for farms and municipalities.

Service

Tank Cleaning Services: This service involves the thorough cleaning of used tanks to ensure they are safe for reuse. It is essential for customers who need to repurpose tanks for different materials, as it prevents contamination and ensures compliance with safety standards.

Tank Maintenance Services: Regular maintenance services are provided to ensure tanks remain in optimal condition. This includes inspections and preventive measures to avoid leaks and other issues, which is crucial for customers relying on these tanks for safe storage.

Tank Repair Services: Offering repair services for damaged tanks, this ensures that customers can extend the life of their tanks. Repairs may include patching leaks or reinforcing structural integrity, making them suitable for continued use in various applications.

A thorough examination of the Tanks-Used (Wholesale) industry’s external dynamics, focusing on the political, economic, social, technological, legal, and environmental factors that shape its operations and strategic direction.

Political Factors

Economic Factors

Social Factors

Technological Factors

Legal Factors

Economical Factors

An in-depth look at the Tanks-Used (Wholesale) industry's value chain, highlighting its role, key activities, and efficiency strategies, along with its unique value drivers and competitive strengths.

Value Chain Position

Category: Distributor
Value Stage: Final
Description: The Tanks-Used (Wholesale) industry operates as a distributor in the supply chain, focusing on the wholesale distribution of used tanks for various applications. This includes sourcing, refurbishing, and selling used tanks to businesses and institutions that require storage solutions for liquids, gases, or other materials.

Upstream Industries

Downstream Industries

Primary Activities

Inbound Logistics: Inbound logistics involve receiving used tanks from various sources, including businesses and auctions. The handling process includes inspecting and assessing the condition of the tanks, followed by proper storage in designated areas to prevent damage. Quality control measures ensure that only tanks meeting safety and regulatory standards are accepted, while challenges such as varying tank conditions are addressed through thorough inspection protocols.

Operations: Core operations include refurbishing used tanks, which involves cleaning, repairing, and sometimes modifying them to meet current safety standards. Quality management practices include adhering to industry regulations and conducting regular inspections to ensure that refurbished tanks are safe for use. Standard procedures involve documenting the refurbishment process and maintaining records for compliance purposes.

Outbound Logistics: Outbound logistics encompass the distribution of refurbished tanks to customers, utilizing various transportation methods to ensure timely delivery. Quality preservation during delivery is maintained through careful handling and secure loading practices, ensuring that tanks arrive in good condition. Common practices include scheduling deliveries based on customer needs and optimizing routes for efficiency.

Marketing & Sales: Marketing strategies often include online platforms, trade shows, and industry-specific publications to reach potential customers. Customer relationship practices focus on building trust through transparency about tank conditions and refurbishment processes. Sales processes typically involve direct engagement with customers to understand their specific requirements and provide tailored solutions.

Support Activities

Infrastructure: Management systems in the industry include inventory management software that tracks tank availability and refurbishment status. Organizational structures often consist of teams dedicated to procurement, refurbishment, and sales, facilitating efficient operations. Planning systems are crucial for scheduling refurbishment activities and managing customer orders effectively.

Human Resource Management: Workforce requirements include skilled technicians for tank refurbishment and sales personnel knowledgeable about industry standards. Training and development approaches may involve workshops on safety regulations and refurbishment techniques, ensuring that employees are equipped with the necessary skills and knowledge.

Technology Development: Key technologies used include advanced cleaning and inspection equipment to assess tank conditions accurately. Innovation practices focus on improving refurbishment techniques and exploring sustainable practices in tank handling. Industry-standard systems often involve compliance software to ensure adherence to safety regulations and standards.

Procurement: Sourcing strategies involve establishing relationships with businesses and auctions for acquiring used tanks. Supplier relationship management is essential for ensuring a steady supply of tanks, while purchasing practices emphasize evaluating tank conditions and compliance with safety standards.

Value Chain Efficiency

Process Efficiency: Operational effectiveness is measured through turnaround time for tank refurbishment and customer satisfaction rates. Common efficiency measures include tracking refurbishment costs and optimizing labor usage to enhance profitability. Industry benchmarks are established based on average refurbishment times and quality ratings from customers.

Integration Efficiency: Coordination methods involve regular communication between procurement, refurbishment, and sales teams to ensure alignment on inventory levels and customer demands. Communication systems often include digital platforms for real-time updates on tank availability and refurbishment progress.

Resource Utilization: Resource management practices focus on optimizing the use of labor and materials during the refurbishment process. Optimization approaches may involve implementing lean practices to minimize waste and enhance productivity, adhering to industry standards for operational efficiency.

Value Chain Summary

Key Value Drivers: Primary sources of value creation include the quality of refurbished tanks, effective marketing strategies, and strong relationships with suppliers and customers. Critical success factors involve maintaining high safety standards and adapting to market demands for specific tank types and sizes.

Competitive Position: Sources of competitive advantage include the ability to provide high-quality refurbished tanks at competitive prices and establishing a reputation for reliability in the market. Industry positioning is influenced by the availability of diverse tank types and the ability to meet customer specifications, impacting market dynamics.

Challenges & Opportunities: Current industry challenges include fluctuating demand for used tanks and regulatory changes affecting refurbishment standards. Future trends may involve increased demand for sustainable storage solutions, presenting opportunities for businesses to innovate and expand their offerings in the market.

A focused SWOT analysis that examines the strengths, weaknesses, opportunities, and threats facing the Tanks-Used (Wholesale) industry within the US market. This section provides insights into current conditions, strategic interactions, and future growth potential.

Strengths

Industry Infrastructure and Resources: The industry benefits from a robust infrastructure that includes specialized facilities for tank storage, distribution centers, and logistics networks. This strong infrastructure supports efficient operations and enables timely delivery of used tanks to various sectors, enhancing overall competitiveness.

Technological Capabilities: Technological advancements in tank refurbishment and cleaning processes provide significant advantages. The industry is characterized by a moderate level of innovation, with companies employing specialized techniques to extend the lifespan of used tanks, ensuring compliance with safety standards and enhancing marketability.

Market Position: The industry holds a strong position within the broader wholesale distribution sector, with a notable market share in supplying used tanks for various applications. Established relationships with key clients and a reputation for reliability contribute to its competitive strength, although there is ongoing pressure from new entrants.

Financial Health: Financial performance across the industry is generally strong, with many companies reporting stable revenue growth driven by consistent demand for used tanks. The financial health is supported by effective cost management practices, although fluctuations in raw material prices can impact profitability.

Supply Chain Advantages: The industry enjoys robust supply chain networks that facilitate efficient procurement of used tanks from various sources. Strong relationships with suppliers and logistics providers enhance operational efficiency, allowing for timely delivery and reduced costs, which is critical for maintaining competitiveness.

Workforce Expertise: The labor force in this industry is skilled and knowledgeable, with many workers having specialized training in tank maintenance and safety protocols. This expertise contributes to high operational standards and customer satisfaction, although there is a need for ongoing training to keep pace with industry advancements.

Weaknesses

Structural Inefficiencies: Some companies face structural inefficiencies due to outdated inventory management systems or inadequate facility layouts, leading to increased operational costs. These inefficiencies can hinder competitiveness, particularly when compared to more modernized operations.

Cost Structures: The industry grapples with rising costs associated with tank refurbishment, labor, and compliance with environmental regulations. These cost pressures can squeeze profit margins, necessitating careful management of pricing strategies and operational efficiencies.

Technology Gaps: While some companies are technologically advanced, others lag in adopting new cleaning and refurbishment technologies. This gap can result in lower productivity and higher operational costs, impacting overall competitiveness in the market.

Resource Limitations: The industry is vulnerable to fluctuations in the availability of used tanks due to market demand and regulatory changes. These resource limitations can disrupt supply chains and impact product availability.

Regulatory Compliance Issues: Navigating the complex landscape of environmental regulations poses challenges for many companies. Compliance costs can be significant, and failure to meet regulatory standards can lead to penalties and reputational damage.

Market Access Barriers: Entering new markets can be challenging due to established competition and regulatory hurdles. Companies may face difficulties in gaining distribution agreements or meeting local regulatory requirements, limiting growth opportunities.

Opportunities

Market Growth Potential: There is significant potential for market growth driven by increasing demand for sustainable practices and recycling of used tanks. The trend towards environmental responsibility presents opportunities for companies to expand their offerings and capture new market segments.

Emerging Technologies: Advancements in tank refurbishment technologies, such as automated cleaning systems and improved materials, offer opportunities for enhancing operational efficiency and product quality. These technologies can lead to increased efficiency and reduced waste.

Economic Trends: Favorable economic conditions, including rising industrial activity and infrastructure development, support growth in the used tanks market. As industries prioritize cost-effective solutions, demand for refurbished tanks is expected to rise.

Regulatory Changes: Potential regulatory changes aimed at promoting recycling and reducing waste could benefit the industry. Companies that adapt to these changes by enhancing their refurbishment processes may gain a competitive edge.

Consumer Behavior Shifts: Shifts in consumer preferences towards sustainable and cost-effective solutions create opportunities for growth. Companies that align their product offerings with these trends can attract a broader customer base and enhance brand loyalty.

Threats

Competitive Pressures: Intense competition from both domestic and international players poses a significant threat to market share. Companies must continuously innovate and differentiate their services to maintain a competitive edge in a crowded marketplace.

Economic Uncertainties: Economic fluctuations, including inflation and changes in industrial spending habits, can impact demand for used tanks. Companies must remain agile to adapt to these uncertainties and mitigate potential impacts on sales.

Regulatory Challenges: The potential for stricter regulations regarding environmental compliance and safety standards can pose challenges for the industry. Companies must invest in compliance measures to avoid penalties and ensure operational continuity.

Technological Disruption: Emerging technologies in alternative storage solutions could disrupt the market for used tanks. Companies need to monitor these trends closely and innovate to stay relevant.

Environmental Concerns: Increasing scrutiny on environmental sustainability practices poses challenges for the industry. Companies must adopt sustainable practices to meet consumer expectations and regulatory requirements.

SWOT Summary

Strategic Position: The industry currently enjoys a strong market position, bolstered by robust demand for used tanks across various sectors. However, challenges such as rising costs and competitive pressures necessitate strategic innovation and adaptation to maintain growth. The future trajectory appears promising, with opportunities for expansion into new markets and product lines, provided that companies can navigate the complexities of regulatory compliance and supply chain management.

Key Interactions

Growth Potential: The growth prospects for the industry are robust, driven by increasing demand for sustainable practices and recycling of used tanks. Key growth drivers include the rising popularity of refurbished products, advancements in refurbishment technologies, and favorable economic conditions. Market expansion opportunities exist in both domestic and international markets, particularly as industries seek cost-effective solutions. However, challenges such as resource limitations and regulatory compliance must be addressed to fully realize this potential. The timeline for growth realization is projected over the next five to ten years, contingent on successful adaptation to market trends and consumer preferences.

Risk Assessment: The overall risk level for the industry is moderate, with key risk factors including economic uncertainties, competitive pressures, and supply chain vulnerabilities. Industry players must be vigilant in monitoring external threats, such as changes in consumer behavior and regulatory landscapes. Effective risk management strategies, including diversification of suppliers and investment in technology, can mitigate potential impacts. Long-term risk management approaches should focus on sustainability and adaptability to changing market conditions. The timeline for risk evolution is ongoing, necessitating proactive measures to safeguard against emerging threats.

Strategic Recommendations

An exploration of how geographic and site-specific factors impact the operations of the Tanks-Used (Wholesale) industry in the US, focusing on location, topography, climate, vegetation, zoning, infrastructure, and cultural context.

Location: The wholesale distribution of used tanks thrives in regions with significant industrial activity, such as the Midwest and Gulf Coast, where manufacturing and energy sectors generate demand for storage solutions. Proximity to major transportation routes, including highways and railroads, enhances logistics efficiency, allowing for timely delivery to clients. Urban centers with established industrial bases provide a steady customer base, while rural areas may struggle due to limited access to potential buyers and transportation challenges.

Topography: Operations benefit from flat, accessible land that can accommodate large storage facilities and loading docks. Areas with minimal elevation changes facilitate the movement of heavy tanks and equipment, reducing transportation costs. Regions with stable ground conditions are preferred for the installation of storage tanks, as uneven terrain can complicate installation and maintenance. Additionally, locations near water bodies may present challenges related to environmental regulations and flood risks, necessitating careful site selection.

Climate: The industry must adapt to varying climate conditions, as extreme temperatures can affect the integrity of storage tanks and the materials they hold. Regions with harsh winters may require additional insulation and heating solutions to prevent freezing of contents, while areas with high humidity levels necessitate moisture control measures to protect tank integrity. Seasonal fluctuations can impact demand, with certain industries ramping up operations during specific times of the year, influencing the wholesale distribution cycle.

Vegetation: Vegetation management is crucial for maintaining clear access to facilities and ensuring compliance with environmental regulations. Dense vegetation can obstruct transportation routes and complicate logistics, while also posing risks for pest infestations. Facilities often implement landscaping strategies that minimize maintenance while adhering to local regulations regarding buffer zones around storage areas. Additionally, understanding local ecosystems is essential for mitigating environmental impacts and ensuring sustainable operations.

Zoning and Land Use: Zoning regulations typically require industrial designations for facilities involved in the wholesale distribution of used tanks, with specific allowances for storage and maintenance operations. Local land use regulations may impose restrictions on the types of materials stored and the proximity to residential areas, necessitating compliance with safety and environmental standards. Obtaining the necessary permits can be a lengthy process, particularly in regions with stringent environmental oversight, impacting operational timelines.

Infrastructure: Robust infrastructure is essential for the efficient operation of wholesale distribution activities, including access to major highways and rail networks for transportation. Facilities require reliable utilities, including electricity and water, to support maintenance and cleaning operations for used tanks. Communication infrastructure is also critical for coordinating logistics and managing inventory effectively. Adequate loading and unloading facilities are necessary to handle the heavy equipment involved in tank distribution, ensuring smooth operational flow.

Cultural and Historical: The acceptance of wholesale tank distribution operations varies by region, often influenced by historical industrial presence and community perceptions of environmental impact. Areas with a strong industrial background may exhibit greater acceptance due to familiarity with similar operations, while communities with limited industrial history may express concerns over environmental risks. Engaging with local stakeholders and demonstrating commitment to responsible practices can enhance community relations and facilitate smoother operational processes.

A detailed overview of the Tanks-Used (Wholesale) industry’s market dynamics, competitive landscape, and operational conditions, highlighting the unique factors influencing its day-to-day activities.

Market Overview

Market Size: Medium

Description: This industry focuses on the wholesale distribution of used tanks that have been previously utilized for storing various liquids, gases, or other materials. The operations involve sourcing, cleaning, refurbishing, and selling these tanks to businesses and retailers, ensuring compliance with safety and regulatory standards.

Market Stage: Growth. The industry is currently experiencing growth due to increasing demand for sustainable practices, where businesses prefer reusing and recycling tanks rather than purchasing new ones. This trend is supported by environmental regulations promoting the reuse of industrial equipment.

Geographic Distribution: Regional. Wholesale operations are often concentrated near industrial hubs and manufacturing regions, facilitating easier access to clients who require tanks for various applications, including chemical processing and storage.

Characteristics

Market Structure

Market Concentration: Fragmented. The market is characterized by a fragmented structure with numerous small to medium-sized wholesalers operating in local and regional markets, each specializing in different types of tanks and services.

Segments

Distribution Channels

Success Factors

Demand Analysis

Demand Drivers

Competitive Landscape

Entry Barriers

Business Models

Operating Environment