Germany Steel Pipes & Tubes Market Size & Outlook
Germany steel pipes & tubes market, 2018-2030 (US$M)
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Germany steel pipes & tubes market highlights
- The Germany steel pipes & tubes market generated a revenue of USD 2,304.5 million in 2022 and is expected to reach USD 2,778.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 2.4% from 2023 to 2030.
- In terms of segment, oil & gas was the largest revenue generating application in 2022.
- Power plant is the most lucrative application segment registering the fastest growth during the forecast period.
Steel pipes & tubes market data book summary
| Market revenue in 2022 | USD 2,304.5 million |
| Market revenue in 2030 | USD 2,778.4 million |
| Growth rate | 2.4% (CAGR from 2022 to 2030) |
| Largest segment | Oil & gas |
| Fastest growing segment | Power plant |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Construction, Oil & gas, Chemicals and petrochemicals, Automotive & transportion, Mechanical engineering, Power plant |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Nippon Steel Corp, Steel Authority Of India Ltd DR, Tata Steel Ltd GDR - 144A, Thyssenkrupp AG, United States Steel Corp |
Other key industry trends
- In terms of revenue, Germany accounted for 1.2% of the global steel pipes & tubes market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Russia steel pipes & tubes market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,778.4 million by 2030.
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Steel Pipes & Tubes Market Scope
Steel Pipes & Tubes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 40.6% in 2023. Horizon Databook has segmented the Germany 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.
The demand for steel pipes & tubes in Germany is majorly met by imports. According to World Steel, in 2022, 9.93 million tons (mt) of steel was produced by ThyssenKrupp Steel, a significant player recognized for providing premium flat steel and leading steel innovations.
As Germany's largest flat steel manufacturer, ThyssenKrupp Steel contributes significantly to the country's annual crude steel production, reaching around 11 million tons per year.
Several multinational oil & gas and petrochemical companies are expanding their capacities in Germany, which will likely drive the demand for steel pipes & tubes. For instance, in April 2022, Evonik invested double digit million euros to enhance the production capacity of isobutene derivatives at its Marl facility in Germany.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany steel pipes & tubes market , including forecasts for subscribers. This country databook contains high-level insights into Germany steel pipes & tubes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany steel pipes & tubes market size, by application, 2018-2030 (US$M)
Germany Steel Pipes & Tubes Market Outlook Share, 2023 & 2030 (US$M)
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