Industry Analysis & Industry Trends
The performance of the Metal Pipe and Tube Manufacturing industry is heavily dependent upon downstream industries, particularly oil drilling and gas extraction companies, which cut purchases of industry products considerably during the recession. Additionally, steel price volatility prevented industry operators from optimizing their prices and output levels. However, crucial sources of demand for the industry will continue to come from oil exploration and production, the manufacturing sector, water and gas reticulation and construction over the five years to 2019. Therefore, increases in downstream demand and sustained growth in automotive component manufacturing, will contribute to moderate revenue growth... 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