Report Description

South Africa Water Tank market is anticipated to register a steady CAGR during the forecast period, 2024-2028. A water tank is a vessel used for keeping water for a variety of purposes, whether domestic, industrial, or commercial. Constructed from a variety of materials including stone, concrete, fibreglass, and plastic, water tanks may come in a range of sizes and designs, such as vertical, horizontal, and subterranean. However, these tanks are not without risk; corrosion, bacterial growth, and leaks can occur, leading to losses of water or contamination of the stored water. Therefore, the tank must be regularly inspected and maintained to keep it in good condition and ensure a reliable and safe water source for its users. Large amounts of water may be conveniently stored in water tanks for use in a variety of purposes, including drinking water, agriculture, fire suppression, chemical manufacturing, and food preparation. Polypropylene or polyethylene materials are typically used to make them. South Africa is one of the most water-stressed countries in the world, which is why there has been an increased demand for water tanks in recent years. Water tanks are ideal solutions to store, collect and conserve precious water, and are available in many different designs, sizes, and materials. The most common materials used to make these tanks are polyethylene, steel, and fiber glass, and range in size from 200 liters to more than 10,000 liters. They are also advantageous as they take up less space compared to cement tanks.

Given the water shortages in South Africa, these tanks are proving to be invaluable in allowing households and organizations to conserve and collect water. With an extreme water shortage threshold of 500 cubic meters per capita, installing water tanks is an effective and necessary way of giving South Africans greater control and access to precious water reserves.

Growing Population and Consumption of Water in the country

The growing population and increasing water consumption in South Africa are key drivers for the growth of the water tank market in the country. As the population expands, there is a greater demand for water to meet various needs, including domestic, commercial, and agricultural purposes. However, South Africa is facing challenges related to water scarcity and the need for sustainable water management. In this context, water tanks play a crucial role in ensuring a reliable and efficient water supply. Firstly, the rising population in South Africa leads to higher water demand. Moreover, urbanization, industrialization, and agricultural activities all contribute to increased water consumption. As more people settle in cities and towns, the strain on water resources intensifies. Water tanks provide a practical solution by allowing individuals and businesses to store water for future use. This reduces dependence on the limited municipal water supply and helps meet the growing demand. Secondly, water scarcity is a significant concern in South Africa. Certain regions face recurring droughts and insufficient rainfall, resulting in water shortages. This necessitates the adoption of effective water storage and conservation strategies. Water tanks are instrumental in collecting and storing rainwater, mitigating the impact of water scarcity. By capturing and storing rainwater, individuals and communities can supplement their water supply during dry periods, reducing the strain on municipal sources. Thirdly, there is an increasing emphasis on sustainable water management practices in South Africa. With growing environmental awareness, individuals and organizations are recognizing the importance of responsible water usage. Rainwater harvesting systems, coupled with water tanks, enable the collection and storage of rainwater for various purposes. This promotes water conservation, reduces reliance on traditional sources, and supports sustainable development.

Moreover, the South African government is actively involved in addressing water challenges and promoting sustainable water management. Through incentives and regulations, the government encourages the adoption of rainwater harvesting systems and water tanks. These measures create a favorable environment for investment and drive the growth of the water tank market. Lastly, as South Africa continues its infrastructure development, water tanks play a vital role in meeting water supply needs. Whether it is for construction purposes or ongoing water usage in residential and commercial buildings, water tanks provide a practical solution for storing water. In conclusion, the growing population and increasing water consumption in South Africa are driving factors for the growth of the water tank market. Water tanks are essential for ensuring a reliable water supply, mitigating the impact of water scarcity, promoting sustainable water management, and meeting the demands of infrastructure development. As the country continues to address its water challenges, the demand for water tanks is expected to rise, contributing to the expansion of the market.

Government Authorities Focusing on Water Conservation

Since water scarcity becomes major problem in South Africa, the government has taken crucial steps to overcome water scarcity issues. Government authorities play a crucial role in shaping policies and regulations related to water conservation. By implementing measures that incentivize and promote water-saving practices, such as rainwater harvesting and the use of water tanks, they create a favourable environment for the growth of the water tank market. These policies can include subsidies, tax incentives, or rebates for individuals or businesses that invest in water storage systems.

 Government authorities have the power to raise awareness about water scarcity and the importance of water conservation. By launching educational campaigns and providing information on the benefits of using water tanks, they can drive the demand for these products. Such initiatives can help individuals and communities understand the value of collecting and storing rainwater for various purposes, including irrigation, sanitation, and non-potable uses. Government authorities are often responsible for infrastructure development projects. By incorporating the use of water tanks into building codes and regulations, they can ensure that new structures are equipped with efficient water storage systems. This not only helps to conserve water but also reduces the strain on municipal water supplies, particularly in areas where water scarcity is a concern.

In summary, government authorities focusing on water conservation can drive the water tank market in South Africa by implementing favourable policies, raising awareness, incorporating water tanks into infrastructure development, setting examples in public buildings, and promoting sustainable water resource management. By emphasizing the importance of water conservation and providing support and incentives, they create a conducive environment for the adoption and growth of the water tank market.

South Africa Water Tank Market Challenges

In South Africa, the water tank treatment market has challenges such as the high cost of intensive technology, lack of awareness about water tank management, and maintenance of water tanks. The collection of sand or silt in storage tanks is one of the most typical problems connected with storage tanks. This can be reduced in certain circumstances by installing a filter on the storage tank's entrance. However, in many cases, this is more expensive and less feasible than just draining and cleaning the storage tank every few years. The operating cost for installation also could be a major challenge for the water tank market affecting the growth rate of the market. In South Africa, the water tank treatment market poses several issues such as the cost of installing intensive technology, lack of awareness surrounding water tank management and maintenance, and issues with the collection of sand or silt in storage tanks. The cost of intensive technology is often expensive and can be a major barrier to market growth due to the rate of return and upfront cost of installation. Moreover, stakeholders in the water tank market in South Africa lack the awareness on how to utilize and properly maintain water tanks, resulting in frequent issues with sand and silt build-up. This can be remedied to a certain extent by the installation of a filter on the storage tank's entrance, although this can be expensive and logistically difficult. Other solutions include the draining and cleaning of the storage tank every few years, typically to prevent further accumulation of sand and silt and improve water quality. However, while beneficial, this also increases the operational costs, resulting in a barrier for the growth of the water tank market in South Africa.

Market Segments

South Africa Water Tank Market is divided on the basis of Product, Raw Material, Size and Application. Based on Products, the market is further bifurcated into Plastic, Concrete, Metal, Fiber Glass, and Others. Based on Raw Material, the market is divided into LLDPE (Linear Low-Density Polyethylene), HDPE (High Density Polyethylene), Stainless Steel, Cement, and Others, Based on Size, the market is segmented into Cylindrical, Rectangular, and Others. Based on Application, the market is further segmented into Commercial, Residential, Municipal, and Industrial. Based on region, the market is divided into Gauteng, KwaZulu-Natal, Western Cape, Eastern Cape, Mpumalanga, Limpopo, North West, Free State, Northern Cape.

 

Market Players

Major market players of South Africa Water Tank Market are RotoTank, Amptex Projects, SBS WATER SYSTEMS (PTY) LTD, Afripumps - Pty Ltd, Metal Tank Industries (Pty) Ltd, JMB Water Storage Solution, Jojo Tanks, Rainbow Reservoirs, Savanna Tanks (Pty) LTD, K R M PLASTICS (WATERTANKS) (PTY) LTD, and Tizagenix (Pty) Ltd.

Recent Developments

In Feb 2022, RotoTank is a leading manufacturer of the largest tanks in Africa, with the 40 000-litre water tank currently being the largest on the market. With 35 years of experience in the manufacturing of rotationally moulded tanks, the company is owner-driven and provides a tailored approach to meeting its clients’ requirements through continual research and development. This level of experience and commitment to excellence makes RotoTank the leading supplier of large tanks in the region.


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Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Product

Raw Material

Size

Application

Region

Regional scope

Gauteng, KwaZulu-Natal, Western Cape, Eastern Cape, Mpumalanga, Limpopo, North West, Free State, Northern Cape

Key companies profiled

RotoTank, Amptex Projects, SBS WATER SYSTEMS (PTY) LTD, Afripumps - Pty Ltd, Metal Tank Industries (Pty) Ltd, Jojo Tanks, Rainbow Reservoirs, JMB Water Storage Solution, Tizagenix (Pty) Ltd, K R M PLASTICS (WATERTANKS) (PTY) LTD, Savanna Tanks (Pty) LTD

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, South Africa Water Tank Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • South Africa Water Tank Market, By Product:

o   Plastic

o   Concrete

o   Metal

o   Fiber Glass

o   Others  

  • South Africa Water Tank Market, By Raw Material:

o   LLDPE

o   HDPE

o   Stainless Steel

o   Cement

o   Others

  • South Africa Water Tank Market, By Size:

o   Cylindrical

o   Rectangular

o   Others

  • South Africa Water Tank Market, By Application:

o   Commercial

o   Residential

o   Municipal

o   Industrial

  • South Africa Water Tank Market, By Region:

o   Gauteng

o   KwaZulu-Natal

o   Western Cape

o   Eastern Cape

o   Mpumalanga

o   Limpopo

o   North West

o   Free State

o   Northern Cape

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in South Africa Water Tank Market.

Available Customizations:

South Africa Water Tank with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

South Africa Water Tank Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]               

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on South Africa Water Tank Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

5.5.  Technological Awareness

6.    South Africa Water Tank Market Outlook

6.1.  Market Size & Forecast

6.1.1.   By Value

6.2.  Market Share & Forecast

6.2.1.   By Product (Plastic, Concrete, Metal, Fiber Glass, Others)

6.2.2.   By Raw Material (LLDPE, HDPE, Stainless Steel, Cement, Others)

6.2.3.   By Size (Cylindrical, Rectangular, Others)

6.2.4.   By Application (Commercial, Residential, Municipal, and Industrial)

6.2.5.   By Region (Gauteng, KwaZulu-Natal, Western Cape, Eastern Cape, Mpumalanga, Limpopo, North West, Free State, Northern Cape)

6.2.6. By Company (2022)

6.3.  Market Map

7.    Gauteng Region Water Tank Market Outlook

7.1.  Market Size & Forecast

7.1.1.   By Value

7.2.  Market Share & Forecast

7.2.1.   By Product

7.2.2.   By Raw Material

7.2.3.   By Size

7.2.4.   By Application

8.    KwaZulu-Natal Region Water Tank Market Outlook

8.1.  Market Size & Forecast

8.1.1.   By Value

8.2.  Market Share & Forecast

8.2.1.   By Product

8.2.2.   By Raw Material

8.2.3.   By Size

8.2.4.   By Application

9.    Western Cape Region Water Tank Market Outlook

9.1.  Market Size & Forecast

9.1.1.   By Value

9.2.  Market Share & Forecast

9.2.1.   By Product

9.2.2.   By Raw Material

9.2.3.   By Size

9.2.4.   By Application

10. Eastern Cape Region Water Tank Market Outlook

10.1.               Market Size & Forecast

10.1.1. By Value

10.2.               Market Share & Forecast

10.2.1.By Product

10.2.2.By Raw Material

10.2.3.By Size

10.2.4. By Application

11. Mpumalanga Region Water Tank Market Outlook

11.1.               Market Size & Forecast

11.1.1. By Value

11.2.               Market Share & Forecast

11.2.1.By Product

11.2.2.By Raw Material

11.2.3.By Size

11.2.4. By Application

12. Limpopo Region Water Tank Market Outlook

12.1.               Market Size & Forecast

12.1.1. By Value

12.2.               Market Share & Forecast

12.2.1.By Product

12.2.2.By Raw Material

12.2.3.By Size

12.2.4. By Application

13. North West Region Water Tank Market Outlook

13.1.               Market Size & Forecast

13.1.1. By Value

13.2.               Market Share & Forecast

13.2.1.By Product

13.2.2.By Raw Material

13.2.3.By Size

13.2.4. By Application

14. Free State Region Water Tank Market Outlook

14.1.               Market Size & Forecast

14.1.1. By Value

14.2.               Market Share & Forecast

14.2.1.By Product

14.2.2.By Raw Material

14.2.3.By Size

14.2.4. By Application

15. Northern Cape Region Water Tank Market Outlook

15.1.               Market Size & Forecast

15.1.1. By Value

15.2.               Market Share & Forecast

15.2.1.By Product

15.2.2.By Raw Material

15.2.3.By Size

15.2.4. By Application

 

16. Market Dynamics

16.1.  Drivers

16.1.1. Growing Population and Consumption of water in the country.

16.1.2.Increase in Infrastructure Expenditure

16.1.3.Government initiatives on Water Conservation.

16.2.  Challenges

16.2.1.Over expense in maintenance of operating cost

16.2.2. Treatment of Water Tank.

17. Market Trends & Developments

17.1.  Increasing the use of technological processes

17.2.  Increasing commercial construction activities

17.3.  Rise in application of water storage tanks

18. Industry Attractiveness - Porter's Five Force Analysis

18.1.  Bargaining Power of Suppliers

18.2.  Bargaining Power of Buyers/Consumers

18.3.  Threat of New Entrants

18.4.  Threat of Substitute Products

18.5.  Intensity of Competitive Rivalry

19. Policy & Regulatory Landscape

20. South Africa Economic Profile

21. Company Profiles

21.1.  RotoTank

21.1.1. Business Overview

21.1.2. Key Revenue and Financials (If available)

21.1.3. Recent Developments

21.1.4. Key Personnel

21.1.5. Key Product/Services

21.2.   Amptex Projects

21.2.1. Business Overview

21.2.2. Key Revenue and Financials (If available)

21.2.3. Recent Developments

21.2.4. Key Personnel

21.2.5. Key Product/Services

21.3. SBS WATER SYSTEMS (PTY) LTD

21.3.1. Business Overview

21.3.2. Key Revenue and Financials (If available)

21.3.3. Recent Developments

21.3.4. Key Personnel

21.3.5. Key Product/Services

21.4. Afripumps - Pty Ltd 

21.4.1. Business Overview

21.4.2. Key Revenue and Financials (If available)

21.4.3. Recent Developments

21.4.4. Key Personnel

21.4.5. Key Product/Services

21.5. Metal Tank Industries (Pty) Ltd

21.5.1. Business Overview

21.5.2. Key Revenue and Financials (If available)

21.5.3. Recent Developments

21.5.4. Key Personnel

21.5.5. Key Product/Services

21.6. Rainbow Reservoirs

21.6.1. Business Overview

21.6.2. Key Revenue and Financials (If available)

21.6.3. Recent Developments

21.6.4. Key Personnel

21.6.5. Key Product/Services

21.7.  JMB Water Storage Solution

21.7.1. Business Overview

21.7.2. Key Revenue and Financials (If available)

21.7.3. Recent Developments

21.7.4. Key Personnel

21.7.5. Key Product/Services

21.8.  Tizagenix (Pty) Ltd

21.8.1. Business Overview

21.8.2. Key Revenue and Financials (If available)

21.8.3. Recent Developments

21.8.4. Key Personnel

21.8.5. Key Product/Services

21.9.  K R M PLASTICS (WATERTANKS) (PTY) LTD

21.9.1. Business Overview

21.9.2. Key Revenue and Financials (If available)

21.9.3. Recent Developments

21.9.4. Key Personnel

21.9.5. Key Product/Services

21.10.  Savanna Tanks (Pty) LTD

21.10.1. Business Overview

21.10.2. Key Revenue and Financials (If available)

21.10.3. Recent Developments

21.10.4. Key Personnel

21.10.5. Key Product/Services

21.11.  Jojo Tanks

21.11.1. Business Overview

21.11.2. Key Revenue and Financials (If available)

21.11.3. Recent Developments

21.11.4. Key Personnel

21.11.5. Key Product/Services

22. Strategic Recommendations

22.1.  The key focus should be on top cities in all regions.

22.2.  The key focus should be water tank utilization.

23. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Main market players in South Africa Water Tank Market are RotoTank, Amptex Projects, Sbs Water Systems (Pty) Ltd, Jojo tanks Afripumps - Pty Ltd, Metal Tank Industries (Pty) Ltd, Rainbow Reservoirs, JMB Water Storage Solution, Tizagenix-pty-ltd, K R M Plastics (Watertanks) (Pty) Ltd, Savanna Tanks (Pty) LTD.

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Water tanks are used to store water for many applications, such as drinking water, irrigation, firefighting, agriculture (both crops and livestock), chemical production, food preparation, and many other purposes.

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The fastest growing region in the South Africa Water Tank Market is the Western Cape. Growth in this region is driven by investment in domestic water tanks, rainwater harvesting, and wastewater treatments. The Western Cape is also well known for its tourism industry, which is another key reason for the growth in this region.

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Growing consumption of water in the country and increase in infrastructure expenditure are the crucial factors driving the growth of South Africa's Water Tank Market.

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Parvati Sharma

Account Manager BD
Press Release

South Africa Water Tank Market is Expected to Register a Steady CAGR During the Forecast Period, 2024-2028

Oct, 2023

Rising water consumption and building sector growth will boost the South Africa Water Tank Market in the predicted years, 2024-2028.