Half pipe: Despite volatile input prices, industry revenue is expected to increase in the long term

The Metal Pipe and Tube Manufacturing industry's performance is correlated with global steel prices and cyclical demand from key markets, such as the energy sector and industrial manufacturing. Industry revenue has fallen over the five-year period; in 2015 specifically, industry performance deteriorated as steel prices collapsed, demand from the oil and gas sector dwindled, and growing competition from imports negatively affected domestic producers. Overall the five years to 2017, industry revenue is anticipated to decrease; however, the oil and gas sector has improved since the second half of 2016, driving demand for industry products. As a result, industry revenue is expected to rise in 2017...purchase to read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 12-17
-8.8%
Forecast Growth 17-22
Profit
Employment
22,703
Businesses
236
Market Share of Companies

Industry Threats & Opportunities

  • While lower purchase costs generally boost profitability, the industry contended with progressively worsening operating conditions
  • Demand from the oil and gas sector decreased over the period due to a collapse in oil prices
  • Investment in domestic drilling activities is forecast to rebound in line with increasing oil prices
  • 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 operators 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 to attain manufacturing efficiencies comparable with those of larger operators.The industry is in the mature stage of its industry life cycle; therefore, the growth rate of industry companies has slowed. The level of industry assistance is moderate, given the basic tariffs applied to certain imports of steel pipes and other tubular goods into the United States. Although imports consistently accounted for over 50.0% o...purchase to read more.

    Additional Insights for the Metal Pipe & Tube Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Metal Pipe & Tube Manufacturing Industry are

  • Ability to pass on cost increases
  • Access to the latest available and most efficient technology and techniques
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Demand from oil drilling and gas extraction and World price of steel in the Metal Pipe & Tube Manufacturing industry impact industry performance..

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    What's in this report

    What is the Metal Pipe & Tube Manufacturing Industry?

    Operators in this industry are stand-alone 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.

    Industry Products
  • Carbon-steel line pipe and OCTG
  • Carbon-steel pressure tubing
  • Carbon-steel mechanical tubing
  • Alloy steel pipes
  • Stainless-steel pipes
  • Industry Activities
  • Manufacturing drill pipes and pipe casings
  • Manufacturing steel pipe products
  • Manufacturing mechanical and structural tube and pipe products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from oil drilling and gas extraction
  • World price of steel
  • Trade-weighted index
  • Demand from water and sewer line construction
  • Value of construction
  • Price of plastic materials and resin

  • Current Performance
  • Volatile operating conditions
  • Product substitution and international trade trends
  • Profit and industry participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand trends
  • Increased competition
  • Industry landscape
  • Table: Metal Pipe & Tube Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Metal Pipe & Tube Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Oil Drilling & Gas Extraction
  • Industrial Building Construction
  • Boiler & Heat Exchanger Manufacturing
  • Vacuum, Fan & Small Household Appliance Manufacturing
  • Major Household Appliance Manufacturing
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • Water & Sewer Line Construction
  • Oil & Gas Pipeline Construction

  • Key Selling Industries
  • Ferrous Metal Foundry Products
  • Iron & Steel Manufacturing
  • Nonferrous Metal Foundry Products Manufacturing
  • Paint Manufacturing

  • Products & Services
  • Alloy steel pipes
  • Other
  • Carbon-steel mechanical tubing
  • Carbon-steel line pipe and OCTG
  • Carbon-steel pressure tubing
  • Stainless-steel pipes
  • Chart: Metal Pipe & Tube Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Oil and gas
  • Construction
  • Manufacturing
  • Other determinants

  • Major Markets
  • Waterworks and construction
  • Exports
  • Energy
  • Industrial and manufacturing
  • Other
  • Chart: Major Market Segmentation for the Metal Pipe & Tube Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Metal Pipe & Tube Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Metal Pipe & Tube Manufacturing Industry

  • Industry Globalization
    Tenaris SA,
  • Table: Tenaris SA - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Metal Pipe & Tube Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Metal Pipe & Tube Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • World price of steel (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Electric Arc Furnace
  • A steel production mill where steel scrap is transformed into reusable steel products, generally in flat or long form.
  • Galvanizing
  • The process of coating steel with a thin layer of zinc to prevent corrosion.
  • Global Overcapacity
  • A situation where global production exceeds global demand for steel products.
  • Just-In-Time
  • A strategy implemented to improve profitability by reducing inventory and purchasing the raw materials that are needed for the immediate term only.
  • Octg
  • Oil country tubular goods - a class of pipes used in oil and gas drilling applications
  • Penstock
  • A pipe that transports water to sewerage systems or hydraulic turbines or a structure that controls water flow.
  • Pipe
  • A hollow, usually round and rigid section of steel that is supplied in straight lengths called joints or sticks.
  • Reticulation
  • The process of using pipes to create a network (e.g. municipal water or sewage systems).
  • Tube
  • A hollow, usually round and flexible section of steel that is supplied in a roll.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Metal Pipe & Tube Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Metal Pipe & Tube Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Metal Pipe & Tube Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Metal Pipe & Tube Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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