The global market for Electric Resistance Welded (ERW) Pipes and Tubes is estimated at 72.3 Million Tons in 2023 and is projected to reach 107.3 Million Tons by 2030, growing at a CAGR of 5.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the ERW pipes and tubes market is driven by several factors. One primary driver is the increasing demand for infrastructure development, particularly in emerging economies, which requires extensive piping networks for water, gas, and sewage systems. Technological advancements in welding and automation are enhancing production efficiency and reducing costs, making ERW pipes more competitive. The shift towards renewable energy sources and the need for robust pipelines to support wind and solar farms are also boosting demand.
Additionally, the automotive industry's focus on lightweight yet durable materials for manufacturing is driving the adoption of ERW tubes. Regulatory standards emphasizing the use of high-quality materials in construction and transportation further support the market's growth. These factors collectively ensure a steady increase in demand and innovation within the ERW pipes and tubes market.
The growth in the ERW pipes and tubes market is driven by several factors. One primary driver is the increasing demand for infrastructure development, particularly in emerging economies, which requires extensive piping networks for water, gas, and sewage systems. Technological advancements in welding and automation are enhancing production efficiency and reducing costs, making ERW pipes more competitive. The shift towards renewable energy sources and the need for robust pipelines to support wind and solar farms are also boosting demand.
Additionally, the automotive industry's focus on lightweight yet durable materials for manufacturing is driving the adoption of ERW tubes. Regulatory standards emphasizing the use of high-quality materials in construction and transportation further support the market's growth. These factors collectively ensure a steady increase in demand and innovation within the ERW pipes and tubes market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Mechanical Steel Tubing segment, which is expected to reach 27.3 Million Tons by 2030 with a CAGR of a 5.4%. The Line Pipes segment is also set to grow at 6.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at 6.4 Million Tons in 2023, and China, forecasted to grow at an impressive 6.5% CAGR to reach 35.3 Million Tons by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Electric Resistance Welded (ERW) Pipes and Tubes Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Resistance Welded (ERW) Pipes and Tubes Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Electric Resistance Welded (ERW) Pipes and Tubes Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Al Jazeera Steel Products Company SAOG, APL Apollo Tubes Limited (APL), Arabian Pipes Company, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 145 Featured):
- Al Jazeera Steel Products Company SAOG
- APL Apollo Tubes Limited (APL)
- Arabian Pipes Company
- ArcelorMittal SA
- Choo Bee Metal Industries Berhad
- EVRAZ North America
- JFE Steel Corporation
- Maharashtra Seamless Limited
- Mannesmann Line Pipe GmbH
- Nippon Steel Corporation
- TMK Group
- PT Bakrie Pipe Industries (Indonesia)
- Surya Roshni Ltd.
- Tata Steel Europe Ltd.
- Techint Group SpA
- U. S. Steel Tubular Products Inc.
- United Metallurgical Company /OMK
- Welspun Corp Ltd.
- Wheatland Tube Company
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
INDIA
LATIN AMERICA
REST OF WORLD
Companies Mentioned
- Al Jazeera Steel Products Company SAOG
- APL Apollo Tubes Limited (APL)
- Arabian Pipes Company
- ArcelorMittal SA
- Choo Bee Metal Industries Berhad
- EVRAZ North America
- JFE Steel Corporation
- Maharashtra Seamless Limited
- Mannesmann Line Pipe GmbH
- Nippon Steel Corporation
- TMK Group
- PT Bakrie Pipe Industries (Indonesia)
- Surya Roshni Ltd.
- Tata Steel Europe Ltd.
- Techint Group SpA
- U. S. Steel Tubular Products Inc.
- United Metallurgical Company /OMK
- Welspun Corp Ltd.
- Wheatland Tube Company
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 437 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value in 2023 | 72.3 Million Tons |
Forecasted Market Value by 2030 | 107.3 Million Tons |
Compound Annual Growth Rate | 5.8% |
Regions Covered | Global |
No. of Companies Mentioned | 19 |