Market Overview:
The global electrically welded tubes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market was valued at US$ 36.8 Bn in 2017 and is projected to reach US$ 58.1 Bn by 2030. In terms of volume, the global electrically welded tubes market is expected to grow at a CAGR of 4% during the forecast period from 2018 to 2030. The round tubes segment accounted for a majority share (72%) of the global electrically welded tubes market in 2018 and is projected to retain its dominance throughout the forecast period owing to its widespread use across various applications such as architecture industry, machinery & equipment, oil & gas industry, chemical industry and others.
Product Definition:
An electrically welded tube is a seamless pipe that has been welded by an electric arc. The electric arc is created between two electrodes, and the heat from the arc melts the metal of the tubes. The molten metal is then drawn together and solidified to create a seamless tube. Electrically welded tubes are used in many applications because they are strong and durable. They are often used in pipelines, automotive parts, and other manufacturing applications where reliability is important.
Round Tubes:
Round Tubes, also known as Curved Tubes or Semi-elliptical Tubes are a type of electrical welding tube. They are available in various sizes and shapes and can be used for both residential & commercial applications. The round shape provides several advantages which include less heat loss, better fit in tight spaces, easier to control the arc length and it's easy to use because of its simple design.
Shaped Tubes:
Shaped tubes are manufactured by rolling or stretching the raw tube material and then coiling or folding the resulting shape for further processing. The process of shaping a tube involves heating to a molten state, which allows the metal to flow under pressure within the die, thereby creating an electric arc weld along its entire length. Shaped tubes have applications in various end-use industries such as oil & gas, power generation, aerospace & defense and automotive among others.
Application Insights:
The architecture industry application segment led the global electrically welded tubes market in 2018. The growth of this segment can be attributed to increasing construction activities in developing countries, such as India, China and Brazil. In addition, favorable government policies for affordable housing are expected to boost the demand for buildings over the next few years. This is likely to increase product demand from the architecture industry during the forecast period.
Electrically welded tubes are used in various machinery & equipment applications including food processing equipment, beverage machines and packaging machines among others owing to their properties such as high strength and durability required for handling heavy-duty operations at maximum production speeds with minimum down time. Growing industrialization along with rapid urbanization has resulted in an increased need for efficient packaging solutions that will protect products from damage while maintaining nutritional standards intact during transportation or storage of perishable commodities like fruits & vegetables or pharmaceuticals drugs among other products requiring similar levels of protection against physical damage or hazards associated with contamination etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region globally, with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing construction activities in emerging economies such as India and China. The growing oil & gas industry in the region is anticipated to drive demand for EWT usage over the forecast period. Europe accounted for a significant market share in terms of volume as well as revenue, on account of high product adoption across various end-use industries including oil & gas, petrochemical, power generation and others.
Growth Factors:
- Increasing demand from the automotive industry for lightweight and fuel-efficient vehicles
- Growing demand for electrically welded tubes in construction and infrastructure projects
- Rising popularity of electric vehicles, which require more electrically welded tubes
- Technological advancements that have made electrically welded tubes more efficient and durable
- The increasing use of electric welding as a replacement for traditional welding methods
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrically Welded Tubes Market Research Report
By Type
Round Tubes, Shaped Tubes, Round Tubes had a market share of 72% in 2018.
By Application
Architecture Industry, Machinery & Equipment, Oil & Gas Industry, Chemical Industry, Others
By Companies
Youfa Steel Pipe Group, Tenaris, Zekelman Industries, Vallourec, China Baowu Steel Group, Nippon Steel, ChelPipe Group, APL Apollo, Arcelormittal, Hyundai Steel, JFE Steel Corporation, SeAH Holdings Corp, TMK Group, Nucor Corporation, United States Steel Corporation, Kingland & Pipeline Technol-ogies, Jiangsu Changbao Steel Tube, Hengyang Valin Steel Tube, Severstal, TPCO, Marcegaglia, Tata Steel, Nezone Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Electrically Welded Tubes Market Report Segments:
The global Electrically Welded Tubes market is segmented on the basis of:
Types
Round Tubes, Shaped Tubes, Round Tubes had a market share of 72% in 2018.
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Architecture Industry, Machinery & Equipment, Oil & Gas Industry, Chemical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Youfa Steel Pipe Group
- Tenaris
- Zekelman Industries
- Vallourec
- China Baowu Steel Group
- Nippon Steel
- ChelPipe Group
- APL Apollo
- Arcelormittal
- Hyundai Steel
- JFE Steel Corporation
- SeAH Holdings Corp
- TMK Group
- Nucor Corporation
- United States Steel Corporation
- Kingland & Pipeline Technol-ogies
- Jiangsu Changbao Steel Tube
- Hengyang Valin Steel Tube
- Severstal
- TPCO
- Marcegaglia
- Tata Steel
- Nezone Group
Highlights of The Electrically Welded Tubes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Round Tubes
- Shaped Tubes
- Round Tubes had a market share of 72% in 2018.
- By Application:
- Architecture Industry
- Machinery & Equipment
- Oil & Gas Industry
- Chemical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrically Welded Tubes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrically welded tubes are a type of pipe that is made by welding two pieces of metal together. This process creates a strong and durable pipe that can handle high pressure and temperatures.
Some of the major players in the electrically welded tubes market are Youfa Steel Pipe Group, Tenaris, Zekelman Industries, Vallourec, China Baowu Steel Group, Nippon Steel, ChelPipe Group, APL Apollo, Arcelormittal, Hyundai Steel, JFE Steel Corporation, SeAH Holdings Corp, TMK Group, Nucor Corporation, United States Steel Corporation, Kingland & Pipeline Technol-ogies, Jiangsu Changbao Steel Tube, Hengyang Valin Steel Tube, Severstal, TPCO, Marcegaglia, Tata Steel, Nezone Group.
The electrically welded tubes market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrically Welded Tubes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electrically Welded Tubes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrically Welded Tubes Market - Supply Chain
4.5. Global Electrically Welded Tubes Market Forecast
4.5.1. Electrically Welded Tubes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrically Welded Tubes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrically Welded Tubes Market Absolute $ Opportunity
5. Global Electrically Welded Tubes Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electrically Welded Tubes Market Size and Volume Forecast by Type
5.3.1. Round Tubes
5.3.2. Shaped Tubes
5.3.3. Round Tubes had a market share of 72% in 2018.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrically Welded Tubes Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electrically Welded Tubes Market Size and Volume Forecast by Application
6.3.1. Architecture Industry
6.3.2. Machinery & Equipment
6.3.3. Oil & Gas Industry
6.3.4. Chemical Industry
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrically Welded Tubes Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electrically Welded Tubes Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electrically Welded Tubes Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electrically Welded Tubes Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electrically Welded Tubes Demand Share Forecast, 2019-2026
9. North America Electrically Welded Tubes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electrically Welded Tubes Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electrically Welded Tubes Market Size and Volume Forecast by Application
9.4.1. Architecture Industry
9.4.2. Machinery & Equipment
9.4.3. Oil & Gas Industry
9.4.4. Chemical Industry
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrically Welded Tubes Market Size and Volume Forecast by Type
9.7.1. Round Tubes
9.7.2. Shaped Tubes
9.7.3. Round Tubes had a market share of 72% in 2018.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electrically Welded Tubes Demand Share Forecast, 2019-2026
10. Latin America Electrically Welded Tubes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electrically Welded Tubes Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electrically Welded Tubes Market Size and Volume Forecast by Application
10.4.1. Architecture Industry
10.4.2. Machinery & Equipment
10.4.3. Oil & Gas Industry
10.4.4. Chemical Industry
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrically Welded Tubes Market Size and Volume Forecast by Type
10.7.1. Round Tubes
10.7.2. Shaped Tubes
10.7.3. Round Tubes had a market share of 72% in 2018.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electrically Welded Tubes Demand Share Forecast, 2019-2026
11. Europe Electrically Welded Tubes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electrically Welded Tubes Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electrically Welded Tubes Market Size and Volume Forecast by Application
11.4.1. Architecture Industry
11.4.2. Machinery & Equipment
11.4.3. Oil & Gas Industry
11.4.4. Chemical Industry
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrically Welded Tubes Market Size and Volume Forecast by Type
11.7.1. Round Tubes
11.7.2. Shaped Tubes
11.7.3. Round Tubes had a market share of 72% in 2018.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrically Welded Tubes Demand Share, 2019-2026
12. Asia Pacific Electrically Welded Tubes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electrically Welded Tubes Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electrically Welded Tubes Market Size and Volume Forecast by Application
12.4.1. Architecture Industry
12.4.2. Machinery & Equipment
12.4.3. Oil & Gas Industry
12.4.4. Chemical Industry
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrically Welded Tubes Market Size and Volume Forecast by Type
12.7.1. Round Tubes
12.7.2. Shaped Tubes
12.7.3. Round Tubes had a market share of 72% in 2018.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electrically Welded Tubes Demand Share, 2019-2026
13. Middle East & Africa Electrically Welded Tubes Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electrically Welded Tubes Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electrically Welded Tubes Market Size and Volume Forecast by Application
13.4.1. Architecture Industry
13.4.2. Machinery & Equipment
13.4.3. Oil & Gas Industry
13.4.4. Chemical Industry
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrically Welded Tubes Market Size and Volume Forecast by Type
13.7.1. Round Tubes
13.7.2. Shaped Tubes
13.7.3. Round Tubes had a market share of 72% in 2018.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electrically Welded Tubes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electrically Welded Tubes Market: Market Share Analysis
14.2. Electrically Welded Tubes Distributors and Customers
14.3. Electrically Welded Tubes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Youfa Steel Pipe Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tenaris
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zekelman Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Vallourec
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. China Baowu Steel Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nippon Steel
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ChelPipe Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. APL Apollo
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Arcelormittal
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hyundai Steel
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. JFE Steel Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SeAH Holdings Corp
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. TMK Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Nucor Corporation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. United States Steel Corporation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Kingland & Pipeline Technol-ogies
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Jiangsu Changbao Steel Tube
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hengyang Valin Steel Tube
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Severstal
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. TPCO
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
