NAICS 3324Industry group · 4-digitregional market1 market record

Boiler, tank and shipping container manufacturing

This industry group comprises establishments primarily engaged in cutting, forming and joining metal to manufacture products, such as power boilers, heat exchangers and tanks of heavy gauge metal, and cans, boxes and other light gauge metal containers. — Statistics Canada, NAICS 2022A

Establishments · CanadaA
303
with employees
Under 10 employeesA
33%
most common size: 20–49
Establishments · USA
1,417
Employment · USA
88,670
63 per establishment
Payroll · USA
$6.4B
$72k per employee
01

Size and shape

How many businesses there are and how small they are. Fragmentation is the first thing an entrant — or anyone selling software into this industry — needs to know, and it is one of the few things that is actually measured.

Canadian establishments by number of employeesA

1–45719%
5–94415%
10–195819%
20–497826%
50–993612%
100–199238%
200–49962%
500+10%

Of 303 Canadian establishments with employees, 33% have fewer than ten — weighted toward mid-sized establishments.

Where they areA

Ontario11237%
Quebec7224%
Alberta5719%
British Columbia248%

Largest four provinces by establishment count. Establishments with employees only — sole operators with no payroll are not in this table, so in trades and personal services the true number of businesses is higher.

How many new establishments are still tradingA
Manufacturing, US · opened 2020
86.2%
1 year
70.8%
3 years
58.4%
5 years
45.3%
10 years
opened 2015

Measured, not forecast: the share of US establishments opening in one year that were still active later. It counts good operators and bad ones together, which is exactly why it is the honest answer to “what are the odds”. It is for the whole sector rather than this market, and the ten-year figure comes from an older cohort because no younger one has reached ten years.

02

How businesses here compete

The structural profile of subsector 332, which every industry beneath it inherits. This is analyst judgment from how the subsector is organised — not research into this industry, and not a measurement.

regional competitionmedium capitalUNVERIFIEDinherited from 332 Fabricated metal product manufacturing

The classic machine and fabrication shop: reachable by acquisition from a retiring owner, limited by machine hours and skilled labour, and exposed to a few large customers.

Who sets the price
The customer's drawing and a competitive quote.
The software it runs on
Job-shop ERP, quoting, scheduling, CAD/CAM.
03

Market screens and studies

Market-entry records filed along this branch of the hierarchy. A record at or beneath this code is about this industry; one above it is about something wider that contains it.

Operating businessScreened
Certified Tank & Pressure Vessel ShopOne thing must be true
binding constraint: growth quality

The reachable proposition here is not a can line — that is a continuous-process plant selling to a handful of beverage fillers — but a code-stamped tank and pressure-vessel shop: propane and fuel tanks, heat exchangers, process vessels, welded to a registered design for regional energy, agricultural and industrial buyers. It is a real small-business population (303 Canadian establishments, a third of them under ten people) and the welding-code registration that looks like a barrier can be bought with an existing shop. The cut is what the one listed Canadian owner of such shops reports. TerraVest Industries grew sales 50% to $1,371.2M in fiscal 2025 — and its base portfolio grew 1% ($725.6M against $717.4M) [A]. Every other point of growth was purchased: four tank and vessel makers acquired in the year. That is the shape of the industry stated by its best operator: demand for tanks is flat replacement demand, and returns come from buying shops, consolidating steel purchasing and spreading certified designs across plants. An independent entrant owns one shop in a flat market, buys plate at a worse price than the consolidator, and meets that consolidator again as the natural bidder when it wants to sell. The 19% adjusted EBITDA margin TerraVest earns is a portfolio result, not a single-shop one. Software sold to these shops is screened separately.

NAICS 33244 vendors named12 sourced figuresOpen →
04

Software serving this industry

The vertical software markets filed along the same branch — who sells to these businesses and who they would have to displace — and then the generic categories every business buys whatever it does.

Sold across the wider branch

Catalogued categories — named, not analysed

05

Companies in this industry · 3

Every company this research names that is filed here or beneath — the operators, and the vendors that sell to them — largest disclosed revenue first. The rank is within the company’s own six-digit industry.

CompanyFiled underRevenueRank
Chart IndustriesPrivateBoiler, tank and shipping container manufacturing3324$4.3B1/3
Worthington IndustriesNYSE:WORBoiler, tank and shipping container manufacturing3324$1.4B2/3
Terravest CapitalTSX:TVKBoiler, tank and shipping container manufacturing3324$1.4B3/3
06

Who works here

The occupations employed in Manufacturing, most concentrated in it first. The share is measured against the whole sector, not this industry — the published cross-tabulation stops there.

And the jobs every business has

Found across at least fourteen of the twenty sectors. In a small establishment several of these are usually one person, or an outside provider.

All 162 occupations →

07

Inside this industry

3 rows sit directly beneath 3324, and 7 in all once every level is counted. Each has a base report of its own.

Alongside it, under 332 Fabricated metal product manufacturing