India Steel Pipes & Tubes Market Size & Outlook, 2023-2030
India steel pipes & tubes market, 2018-2030 (US$M)
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India steel pipes & tubes market highlights
- The India steel pipes & tubes market generated a revenue of USD 11,770.9 million in 2022 and is expected to reach USD 17,599.1 million by 2030.
- The India market is expected to grow at a CAGR of 5.2% 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 11,770.9 million |
| Market revenue in 2030 | USD 17,599.1 million |
| Growth rate | 5.2% (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, India accounted for 6.3% 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 Asia Pacific, China steel pipes & tubes market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 17,599.1 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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India 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 48.06% in 2023. Horizon Databook has segmented the India 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 Indian steel industry has embarked on a new era of progress and expansion, driven by increased demand across diverse sectors, including construction, automotive, railways, capital goods, real estate, and consumer durables. Consequently, the steel sector now plays a crucial role in the country’s economy, contributing approximately 2% to the country's GDP.
The Indian steel pipe sector plays a notable role within the country’s broader steel industry, contributing nearly 8% to the overall steel consumption in the country. The Indian infrastructure industry is a significant consumer of steel pipes, constituting over 50% of the total demand.
The growth of the Indian steel piping industry is significantly shaped by sector-specific dynamics, notably in the aviation sector. Over the past decade, India's aviation industry has shown consistent expansion and is set for robust growth in passenger traffic.
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Our clientele includes a mix of steel pipes & tubes market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India steel pipes & tubes market , including forecasts for subscribers. This country databook contains high-level insights into India steel pipes & tubes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India steel pipes & tubes market size, by application, 2018-2030 (US$M)
India Steel Pipes & Tubes Market Outlook Share, 2023 & 2030 (US$M)
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