Half pipe: Despite volatile input prices, industry revenue is expected to increase

The Metal Pipe and Tube Manufacturing industry produces welded, riveted and seamless pipe and tube from steel and metal alloys. Over the five years to 2018, the industry has declined due to a sharp drop in oil prices in both 2015 and 2016, resulting in a subsequent decline of the industry's largest market, oil and gas. Additionally, the value of utilities construction, representing the construction of waterworks and energy infrastructure, experienced three consecutive years of declines as the energy sector contended with volatile commodity prices...purchase to read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 13-18
-7.4%
Forecast Growth 18-23
Profit
Employment
24,738
Businesses
246

Industry Threats & Opportunities

  • Growing demand from the energy sector and sustained demand from other key markets are expected to drive revenue growth
  • The value of imported steel pipe and tubular products has declined
  • Demand from key markets is likely to rise steadily over the next five years
  • 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 US. 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 Oil and natural gas price index and Value of utilities construction 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
  • Oil and natural gas price index
  • Value of utilities construction
  • Price of steel
  • Trade-weighted index

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

  • Demand Determinants
  • Oil and gas
  • Construction
  • 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
  • Purchases
  • Wages
  • Other
  • 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
    PAO TMK, Tenaris SA, US Steel Tubular Products, Vallourec,
  • Table: PAO TMK - financial performance
  • Table: Tenaris SA - financial performance
  • Table: US Steel Tubular Products - financial performance
  • Table: Vallourec - 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Price of Steel (2009-2023)

  • 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 Metal Pipe & Tube Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Metal Pipe & Tube Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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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