Industry Analysis & Industry Trends
The Metal Pipe and Tube Manufacturing industry's performance is tightly correlated with the highly volatile world price of steel. As steel prices plummeted during the recession and subsequently skyrocketed, so too has revenue for industry operators. In the coming years, demand for metal pipes and tubes is expected to increase as rising oil and gas prices cause downstream buyers to boost production, increasing the need for industry products. Additionally, sustained growth in automobile manufacturing will increase demand for metal pipes and tubes... purchase to read more
Industry Report - Starting a New Business Chapter
The Metal Pipe and Tube Manufacturing industry has substantial barriers to entry, the most significant of which are the large-scale production facilities required for firms to achieve economies of scale; such facilities require a substantial investment of capital. Regardless of the particular product segment, new entrants need to invest in production equipment in order to attain manufacturing efficiencies comparable to existing firms, especially those of higher-market-share companies.
The industry is in the mature stage of its industry life cycle; therefore, the growth rate of industry companies has slowed. However, competition continues to remain high with an estimated 199 companies operating in the industry in 2014... purchase to read more