The global precision tubes market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market can be attributed to the increasing demand for precision tubes in various industries such as automotive, energy, mechanical engineering and medical. The automotive industry is one of the major end-users of precision tubes and is expected to drive the growth of this market during the forecast period.
The thin wall segment accounted for more than 50% share in 2017 and is expected to maintain its dominance throughout the forecast period due to its high demand from various industries such as automotive, energy, mechanical engineering and medical applications. Thin wall precision tubes are used in applications where weight reduction or space saving are important factors such as in automobiles or aircrafts where weight reduction leads to fuel savings which results in lower emissions and higher efficiency levels.
- The global Precision Tubes market is expected to grow at a CAGR of 4.5% during the forecast period, 2018-2025.
- The global Precision Tubes market is driven by factors such as increasing demand for high-quality products and rising investments in research and development activities for new product launches.
- Increasing demand from emerging economies such as China, India, Brazil, Russia and South Africa is also driving the growth of the global Precision Tubes market.
- Increasing adoption of precision tubes in various industries such as oil & gas industry, automotive industry and aerospace industry are also driving the growth of the global Precision Tubes market.
- The key players operating in this space are Parker Hannifin Corporation (US), Schunk GmbH & Co KG (Germany), Wieland Werke AG (Germany), JTEKT Corporation (Japan).
Industry Growth Insights published a new data on “Precision Tubes Market”. The research report is titled “Precision Tubes Market research by Types (Thin Wall, Thick Wall), By Applications (Automotive, Energy, Mechanical Engineering, Medical), By Players/Companies Sandvik (Kanthal), Fine Tubes, Vallourec, Hi-Tech Pipes, Pennar, SSAB, Mannesmann Stainless Tubes, Salzgitter Mannesmann, Barrett Steel, Liberty House, Tata Steel, Voestalpine, Akshar Precision Tubes, Superior Tube, Bornay, Hoberg & Driesch, Industrias Duero, Foerster, Prestar, KLT”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Tubes Market Research Report
By Type
Thin Wall, Thick Wall
By Application
Automotive, Energy, Mechanical Engineering, Medical
By Companies
Sandvik (Kanthal), Fine Tubes, Vallourec, Hi-Tech Pipes, Pennar, SSAB, Mannesmann Stainless Tubes, Salzgitter Mannesmann, Barrett Steel, Liberty House, Tata Steel, Voestalpine, Akshar Precision Tubes, Superior Tube, Bornay, Hoberg & Driesch, Industrias Duero, Foerster, Prestar, KLT
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Precision Tubes Market Report Segments:
The global Precision Tubes market is segmented on the basis of:
Types
Thin Wall, Thick Wall
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
Automotive, Energy, Mechanical Engineering, Medical
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:
- Sandvik (Kanthal)
- Fine Tubes
- Vallourec
- Hi-Tech Pipes
- Pennar
- SSAB
- Mannesmann Stainless Tubes
- Salzgitter Mannesmann
- Barrett Steel
- Liberty House
- Tata Steel
- Voestalpine
- Akshar Precision Tubes
- Superior Tube
- Bornay
- Hoberg & Driesch
- Industrias Duero
- Foerster
- Prestar
- KLT
Highlights of The Precision 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:
- Thin Wall
- Thick Wall
- By Application:
- Automotive
- Energy
- Mechanical Engineering
- Medical
- 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 Precision 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?
Precision Tubes is a company that manufactures and sells precision tubes, which are used in various industries such as aerospace, automotive, medical devices and more.
Some of the major players in the precision tubes market are Sandvik (Kanthal), Fine Tubes, Vallourec, Hi-Tech Pipes, Pennar, SSAB, Mannesmann Stainless Tubes, Salzgitter Mannesmann, Barrett Steel, Liberty House, Tata Steel, Voestalpine, Akshar Precision Tubes, Superior Tube, Bornay, Hoberg & Driesch, Industrias Duero, Foerster, Prestar, KLT.
The precision tubes market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Precision 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. Precision Tubes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Precision Tubes Market - Supply Chain
4.5. Global Precision Tubes Market Forecast
4.5.1. Precision Tubes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Precision Tubes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Precision Tubes Market Absolute $ Opportunity
5. Global Precision 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. Precision Tubes Market Size and Volume Forecast by Type
5.3.1. Thin Wall
5.3.2. Thick Wall
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Precision 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. Precision Tubes Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Energy
6.3.3. Mechanical Engineering
6.3.4. Medical
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Precision 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. Precision 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 Precision 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. Precision 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 Precision Tubes Demand Share Forecast, 2019-2029
9. North America Precision 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 Precision 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 Precision Tubes Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Energy
9.4.3. Mechanical Engineering
9.4.4. Medical
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Precision Tubes Market Size and Volume Forecast by Type
9.7.1. Thin Wall
9.7.2. Thick Wall
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 Precision Tubes Demand Share Forecast, 2019-2029
10. Latin America Precision 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 Precision 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 Precision Tubes Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Energy
10.4.3. Mechanical Engineering
10.4.4. Medical
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Precision Tubes Market Size and Volume Forecast by Type
10.7.1. Thin Wall
10.7.2. Thick Wall
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 Precision Tubes Demand Share Forecast, 2019-2029
11. Europe Precision 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 Precision 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 Precision Tubes Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Energy
11.4.3. Mechanical Engineering
11.4.4. Medical
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Precision Tubes Market Size and Volume Forecast by Type
11.7.1. Thin Wall
11.7.2. Thick Wall
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 Precision Tubes Demand Share, 2019-2029
12. Asia Pacific Precision 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 Precision 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 Precision Tubes Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Energy
12.4.3. Mechanical Engineering
12.4.4. Medical
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Precision Tubes Market Size and Volume Forecast by Type
12.7.1. Thin Wall
12.7.2. Thick Wall
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 Precision Tubes Demand Share, 2019-2029
13. Middle East & Africa Precision 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 Precision 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 Precision Tubes Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Energy
13.4.3. Mechanical Engineering
13.4.4. Medical
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Precision Tubes Market Size and Volume Forecast by Type
13.7.1. Thin Wall
13.7.2. Thick Wall
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 Precision Tubes Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Precision Tubes Market: Market Share Analysis
14.2. Precision Tubes Distributors and Customers
14.3. Precision Tubes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik (Kanthal)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Fine Tubes
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vallourec
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hi-Tech Pipes
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Pennar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SSAB
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mannesmann Stainless Tubes
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Salzgitter Mannesmann
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Barrett Steel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Liberty House
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tata Steel
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Voestalpine
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Akshar Precision Tubes
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Superior Tube
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Bornay
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hoberg & Driesch
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Industrias Duero
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Foerster
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Prestar
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. KLT
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
