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Metal Pipe & Tube Manufacturing in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

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    Report

  • 91 Pages
  • July 2024
  • Region: United States
  • IBISWorld
  • ID: 239461

Down the tube: Sustained demand from key markets is expected to continue driving industry revenue growth

Over the five years to 2023, metal pipe and tube manufacturing revenue has grown alongside the price of oil and natural gas, as activity within the oil and gas sector is the primary determinant of industry performance. The COVID-19 pandemic hampered the industry due to sharp contractions in the price of crude oil, along with economic inactivity. Despite these challenges, strong growth throughout the period has offset the pandemic's effects. Metal pipe and tube manufacturing revenue has inched upward at a CAGR of 0.6% to $17.4 billion over the past five years, pushed down by a 4.4% decrease in 2023 alone. Conversely, industry profit will decline, as revenue growth has been outpaced by purchase costs.

Operators in this industry are standalone producers that manufacture welded, riveted and seamless pipes or tubes from purchased iron or steel. Consequently, steel is purchased as a primary input material in the metal pipe and tube manufacturing process.

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.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Tenaris Sa
  • United States Steel Corp
  • Vallourec Sa
  • MRC Global
  • Northwest Pipe Company
  • Webco Industries Inc.
  • Merfish Pipe Holdings LLC
  • Evraz Plc
  • Omega Steel Company
  • Valiant Steel and Equipment Inc.
  • American Piping Products, Inc.

Methodology

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