Global Steel Pipes & Tubes Market Size & Outlook
Global steel pipes & tubes market, 2018-2030 (US$M)
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Global steel pipes & tubes market highlights
- The global steel pipes & tubes market generated a revenue of USD 185,472.5 million in 2022 and is expected to reach USD 247,900.9 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 3.7% by 2030.
- In terms of segment, oil & gas accounted for a revenue of USD 93,289.9 million in 2022.
- Power plant is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Italy is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 185,472.5 million |
| Market revenue in 2030 | USD 247,900.9 million |
| Growth rate | 3.7% (CAGR from 2022 to 2030) |
| Largest segment | Oil & gas |
| Fastest growing segment | Power plant |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Construction, Oil & gas, Chemicals and petrochemicals, Automotive & transportion, Mechanical engineering, Power plant |
Other key industry trends
- In terms of revenue, the North America accounted for 16.6% of the global steel pipes & tubes market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Italy is the fastest growing regional market and is projected to reach USD 1,664.5 million by 2030.
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Steel Pipes & Tubes Market Scope
Steel Pipes & Tubes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global steel pipes & tubes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to steel pipes & tubes market will help companies and investors design strategic landscapes.
Oil & gas was the largest segment with a revenue share of 50.3% in 2023. Horizon Databook has segmented the Global steel pipes & tubes market based on construction, oil & gas, chemicals and petrochemicals, automotive & transportion, mechanical engineering, power plant covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Steel Pipes & Tubes Application Outlook (Revenue, USD Million, 2018-2030)
- Construction
- Infrastrcture
- Industrial
- Automotive
- Industrial Manufacturing
- Power & Energy
- Others
- Residential
- Non-residential
- Oil & gas
- Chemicals and petrochemicals
- Automotive & transportion
- Mechanical engineering
- Power plant
- Global Steel Pipes & Tubes Technology Outlook (Revenue, USD Million, 2018-2030)
- Seamless
- ERW
- SAW
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Horizon Databook provides a detailed overview of global-level data and insights on the Global steel pipes & tubes market , including forecasts for subscribers. This global databook contains high-level insights into Global steel pipes & tubes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global steel pipes & tubes market size, by regions, 2018-2030 (US$M)
Top 10 countries: Steel pipes & tubes market size, 2022 (US$M)
Global steel pipes & tubes market share, by application, 2022 & 2030 (%, US$M)
Steel pipes & tubes market: Opportunity assessment by country
Global steel pipes & tubes market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 17,936.9 | 18,304.4 | 16,060.3 | 28,508.5 | 30,788.3 | 28,851.2 | 28,564.3 | 28,573.4 | 28,775.8 | 30,049.5 | 31,582.1 | 33,396.1 | 36,333.9 | 2.1% |
| Europe | 14,521.5 | 13,983.4 | 15,064.1 | 22,257.4 | 22,369.0 | 20,442.2 | 20,515.2 | 20,785.1 | 21,292.4 | 22,278.6 | 23,457.8 | 24,963.7 | 26,748.0 | 2.3% |
| Asia Pacific | 53,893.5 | 70,321.8 | 95,997.5 | 118,087.3 | 120,050.7 | 110,968.2 | 111,978.3 | 113,680.5 | 117,458.2 | 126,822.4 | 139,101.4 | 153,827.1 | 170,575.1 | 4.5% |
| Latin America | 2,233.4 | 2,291.7 | 2,543.7 | 4,285.8 | 4,540.3 | 4,349.5 | 4,392.4 | 4,461.6 | 4,545.2 | 4,696.0 | 4,873.5 | 5,069.3 | 5,319.6 | 2.0% |
| MEA | 5,539.1 | 5,323.6 | 4,834.7 | 7,615.7 | 7,724.2 | 7,164.4 | 7,243.0 | 7,350.0 | 7,484.7 | 7,760.8 | 8,077.4 | 8,459.0 | 8,924.4 | 1.8% |
| Overall | 94,124.4 | 110,224.9 | 134,500.3 | 180,754.6 | 185,472.5 | 171,775.5 | 172,693.2 | 174,850.6 | 179,556.3 | 191,607.3 | 207,092.2 | 225,715.1 | 247,900.9 | 3.7% |
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