In 2023, the India water tanks market was worth USD 1,199.33 million. It is expected to grow exceptionally over the next few years, with a compound annual growth rate (CAGR) of 12.08%. This is because more building work is being done, more attention is being paid to wastewater management, and more consumers want plastic water tanks.
The Indian water tank market is split up by the kinds of products, raw materials, amount of water stored, shape, use, and location. The market is divided into groups based on the type of product: metal, plastic, fiberglass, concrete, and others.
The market is divided into divisions based on how much water they can hold: 1000–5000 liters, 501–1000 liters, up to 500 liters, 5000–15000 liters, 15000–10000 liters, and more than 1,00000 liters. The market is split into groups based on form, such as cylinder, rectangle, square, and others.
Based on application, the market is segmented into residential, commercial, industrial, and municipal. Based on region, the market is segmented into South India, North India, West India, and East India.
It can be very profitable to start a water treatment plant or a mineral water plant business. Mineral water use and return on investment are both likely to rise even more in the next few years. So, you can be sure that whenever you start a mineral water business, it will grow quickly.
