Metal Pipe & Tube Manufacturing in Canada
Demand for the Metal Pipe and Tube Manufacturing industry in Canada grew in 2014, only to fall markedly over the five years to 2019. The 2015 collapse in crude oil prices, also followed by a massive slump in demand from the energy sector, which is the industry's largest market, has hurt industry performance. Furthermore, volatile steel prices made it difficult for industry operators to pass costs on to customers, thereby hampering the significant expansion of the industry's average profit margin. Industry operators are expected to continue experiencing challenging demand conditions over the five years to 2024. For example, oil prices are expected to decline during the outlook period despite recovering oil production, though at a less precipitous rate compared with the current period. This may ultimately discourage domestic and foreign petroleum companies from investing in new drilling machinery and equipment.
This industry includes standalone manufacturers of welded, riveted or seamless pipes or tubes made from iron or steel. Steel is purchased as an input material for the manufacturing process, generally in coil or billet form.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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