Metal Pipe & Tube Manufacturing in the US - Industry Market Research Report

Metal Pipe & Tube Manufacturing in the US - Industry Market Research Report

Metal Pipe & Tube Manufacturing in the US

Over the five years to 2023, metal pipe and tube manufacturing revenue has grown alongside the price of oil and natural gas, as activity within the oil and gas sector is the primary determinant of industry performance. The COVID-19 pandemic hampered the industry due to sharp contractions in the price of crude oil, along with economic inactivity. Despite these challenges, strong growth throughout the period has offset the pandemic's effects. Metal pipe and tube manufacturing revenue has inched upward at a CAGR of 0.6% to $17.4 billion over the past five years, pushed down by a 4.4% decrease in 2023 alone. Conversely, industry profit will decline, as revenue growth has been outpaced by purchase costs.

Operators in this industry are standalone 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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.