North America Steel Pipes & Tubes Market Size & Outlook
North America steel pipes & tubes market, 2018-2030 (US$M)
Related Markets
North America steel pipes & tubes market highlights
- The North America steel pipes & tubes market generated a revenue of USD 30,788.3 million in 2022.
- The market is expected to grow at a CAGR of 2.1% from 2023 to 2030.
- In terms of segment, oil & gas was the largest revenue generating application in 2022.
- Construction is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 30,788.3 million |
| Market revenue in 2030 | USD 36,333.9 million |
| Growth rate | 2.1% (CAGR from 2022 to 2030) |
| Largest segment | Oil & gas |
| Fastest growing segment | Construction |
| 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 |
| 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, North America region accounted for 16.6% of the global steel pipes & tubes market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 170,575.1 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Steel Pipes & Tubes Market Scope
Steel Pipes & Tubes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 56.97% in 2023. Horizon Databook has segmented the North America 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 and tubes in North America has been increasing. In the context of the growing market for these products, according to the Organization for Economic Co-operation and Development (OECD), the first half of 2021 witnessed a substantial increase in total crude steel production in North America, with a rise of approximately 16.4% compared to the previous year.
As per the World steel data for 2023, North America's crude oil production stands at 9.0 million tons (Mt). Therefore, the rise in crude steel production across North America points to a favorable environment for the region's thriving steel pipes and tubes market.
Industrial production is an economic indicator that calculates the actual output for all the facilities in mining, manufacturing, electric, and gas utilities in the U.S. As manufacturing and power plants are essential end-use industries for steel pipes and tubes, the positive growth of industrial production is expected to pose as a crucial driver for the market growth.
Reasons to subscribe to North America steel pipes & tubes market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America steel pipes & tubes market databook
-
Our clientele includes a mix of steel pipes & tubes market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America steel pipes & tubes market , including forecasts for subscribers. This continent databook contains high-level insights into North America steel pipes & tubes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America steel pipes & tubes market size, by country, 2018-2030 (US$M)
North America Steel Pipes & Tubes Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
