Steel Tubes Market by Technology (Seamless, ERW, and SAW), Application (Oil & Gas, Chemicals and petrochemicals, Automotive & transportation, Mechanical engineering, Power plant, Construction, and Others), Distribution Channel (Offline Stores and Online S

Steel Tubes Market by Technology (Seamless, ERW, and SAW), Application (Oil & Gas, Chemicals and petrochemicals, Automotive & transportation, Mechanical engineering, Power plant, Construction, and Others), Distribution Channel (Offline Stores and Online Stores) and Geography –Global Forecast up to 2026

Steel Tubes Market is anticipated to grow at the rate of 6.3% CAGR by 2026. Steel tubes are tough, strong, and resistible metal tubes available in several shapes, such as square, rectangular, and round. The manufacturing process of these structures includes alloys of iron with several other materials such as carbon, tungsten, manganese, aluminum, and titanium. Steel tubes have a higher manufacturing tolerance, which supports enhancing their manufacturability and quality. The growth in property sales, houses, and construction expenditures has increased due to industrialization and population growth. Governments of several developing nations emphasize infrastructural developments, thereby resulting in the surge in demand for steel tubes. This is acting as fuel in the development of the steel tubes market. The characteristics such as corrosion-resistant, rust-free, and high reliability are the key properties and features of steel tubes, which are key factors boosting the market's growth. However, the availability of low-cost alternatives for steel tubes is impeding market growth.

Steel Tubes Market based on Technology

  • Seamless
  • ERW
  • SAW
Steel Tubes Market based on Application
  • Oil & gas
  • Chemicals and petrochemicals
  • Automotive & transportation
  • Mechanical engineering
  • Power plant
  • Construction
  • Others
Steel Tubes Market based on Distribution Channel
  • Offline Stores
  • Online Stores (E-Commerce)
Steel Tubes Market based on Geography
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
As per the product, the market is bifurcated into welded and seamless. The welded steel tubes segment will continue its domination in the steel tubes market. The welded steel tubes include wide varieties of pipes and tubes, such as line precision pipes, Hamilton poles, electric poles, tubular poles API pipes, and lightweight galvanized pipes for sprinkler irrigation. The swift growth in construction activities worldwide will augment the demand for welded steel tubes in the forecast period.

The oil & gas segment is assessed to lead the market and accounted for the highest revenue share based on application. The segment will maintain its dominant position over the forecast years due to the various oil & gas sector products, ranging from Oil production tubes to transportation process piping for refining crude oil into petroleum products.

Based on distribution channels, the market is divided into offline stores and online stores. Online Stores had the highest market share in the market, and it is estimated to grow at the highest CAGR. This distribution channel's high growth rate is due to the inclination of consumers towards offline to online stores. Also, nowadays, consumers are using traditional offline stores as they want to experience the touch and sense of the product before purchasing it, as they have to be sure that the product fulfills their requirements.

Based on the geography, the Asia Pacific region is appeared to be the leading region in the market. This is due to the increasing product consumption in the region. China, Japan, South Korea, Southeast Asia, and India are the key product consumers in the region due to the huge manufacturing, petroleum, and petrochemical sectors.

Steel tubes find a wide range of applications due to their outstanding operational features, such as strength and durability. The oil & gas industry is likely to have substantial growth across the globe with the rising energy requirements, and this is likely to remain one of the key drivers for the growth of the steel tubes market. Additionally, industrial infrastructures are undergoing developments, projected to enhance the demand for steel tubes worldwide. Thereby, quickly expanding industrial sectors worldwide is anticipated to boost demand for steel tubes in the upcoming years.

Key players present in the market are Borusan Mannesmann Boru Sanayi ve Ticaret A.S., American SpiralWeld Pipe Company, LLC, Arcelor Mittal, Ansteel, Liaoyang Steel Tube Co., Ltd, NSSMC, JFE Steel, Nucor Corporation, Shagang Group, Jindal SAW Ltd., Bao Pipes and Tubes, Gerdau, POSCO, Tata Steel and Hebei Iron and steel.

Therefore, steel pipes are likely to have various applications due to their durability. Oil, water, and gas applications are key applications where these tubes are mainly used owing to their outstanding features.
  • A complete overview of the global Steel Pipes Market is provided in the report.
  • This report also throws light on key markets such as North America, Europe, Asia-Pacific, and the rest of the world.
  • Description and analysis of Market potential by technology, application, and distribution channel.
  • Influence evaluation of key drivers and restraints and dynamics of the market and current trends in the enterprise.

1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis
5. Technology: Market Size & Analysis
5.1. Overview
5.2. Seamless
5.3. ERW
5.4. SAW
6. Application: Market Size & Analysis
6.1. Overview
6.2. Oil & gas
6.3. Chemicals and petrochemicals
6.4. Automotive & transportation
6.5. Mechanical engineering
6.6. Power plant
6.7. Construction
6.8. Others
7. Distribution Channel: Market Size & Analysis
7.1. Overview
7.2. Offline Stores
7.3. Online Stores (E-Commerce)
8. Geography: Market Size & Analysis
8.1. Overview
8.2. North America
8.3. Europe
8.4. Asia Pacific
8.5. Rest of the World
9. Competitive Landscape
9.1. Competitor Comparison Analysis
9.2. Market Developments
9.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
9.2.2. Product Launches and execution
10. Vendor Profiles
10.1. Borusan Mannesmann Boru Sanayi ve Ticaret A.S.
10.1.1. Overview
10.1.2. Financial Overview
10.1.3. Product Offerings
10.1.4. Developments
10.1.5. Business Strategy
10.2. American SpiralWeld Pipe Company, LLC
10.2.1. Overview
10.2.2. Financial Overview
10.2.3. Product Offerings
10.2.4. Developments
10.2.5. Business Strategy
10.3. Jindal SAW Ltd.
10.3.1. Overview
10.3.2. Financial Overview
10.3.3. Product Offerings
10.3.4. Developments
10.3.5. Business Strategy
10.4. Bao Pipes and Tubes
10.4.1. Overview
10.4.2. Financial Overview
10.4.3. Product Offerings
10.4.4. Developments
10.4.5. Business Strategy
10.5. Arcelor Mittal
10.5.1. Overview
10.5.2. Financial Overview
10.5.3. Product Offerings
10.5.4. Developments
10.5.5. Business Strategy
10.6. Ansteel
10.6.1. Overview
10.6.2. Financial Overview
10.6.3. Product Offerings
10.6.4. Developments
10.6.5. Business Strategy
10.7. Liaoyang Steel Tube Co., Ltd
10.7.1. Overview
10.7.2. Financial Overview
10.7.3. Product Offerings
10.7.4. Developments
10.7.5. Business Strategy
10.8. NSSMC
10.8.1. Overview
10.8.2. Financial Overview
10.8.3. Product Offerings
10.8.4. Developments
10.8.5. Business Strategy
10.9. JFE steel
10.9.1. Overview
10.9.2. Financial Overview
10.9.3. Product Offerings
10.9.4. Developments
10.9.5. Business Strategy
10.10. Nucor Corporation
10.10.1. Overview
10.10.2. Financial Overview
10.10.3. Product Offerings
10.10.4. Developments
10.10.5. Business Strategy
11. Companies to Watch
11.1. Shagang Group
11.1.1. Overview
11.1.2. Products & Services
11.1.3. Business Strategy
11.2. Gerdau
11.2.1. Overview
11.2.2. Products & Services
11.2.3. Business Strategy
11.3. POSCO
11.3.1. Overview
11.3.2. Products & Services
11.3.3. Business Strategy
11.4. Tata Steel
11.4.1. Overview
11.4.2. Products & Services
11.4.3. Business Strategy
11.5. Hebei Iron and steel
11.5.1. Overview
11.5.2. Products & Services
11.5.3. Business Strategy
12. Analyst Opinion
13. Annexure
13.1. Report Scope
13.2. Market Definitions
13.3. Research Methodology
13.3.1. Data Collation and In-house Estimation
13.3.2. Market Triangulation
13.3.3. Forecasting
13.4. Report Assumptions
13.5. Declarations
13.6. Stakeholders
13.7. Abbreviations

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