Global Tube Mill Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Tube Mill Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A tube mill is a kind of welded roll form system; however, not every welded roll form system is a tube mill. Tube mills are welded roll form systems that have been fine-tuned to run a specific diameter range, typically at fast speeds.

Market Overview:

The latest research study on the global Tube Mill market finds that the global Tube Mill market reached a value of USD 1066.56 million in 2022. It’s expected that the market will achieve USD 1338.77 million by 2028, exhibiting a CAGR of 3.86% during the forecast period.

Influence of COVID-19 Outbreak on Tube Mill Industry Development

The impact of COVID-19 has greatly affected the global manufacturing and industrial outlook. In terms of production and stimulus, the growth momentum of new orders and manufacturing capacity has declined globally. Strict government policies and regulations of local and national governments restrict the flow of suppliers, production facilities and finished products. For tube mill suppliers, this situation has become extremely challenging.

The COVID-19 outbreak has reduced the global tube mill market. This is due to global supply chain issues. Due to the sharp drop in commodity demand, economies around the world have weakened. Due to the pandemic, shortage of raw materials, declining exports and interruption of the supply chain, the output of all sectors has decreased, which is a key factor leading to the reduction of manufacturing and the reduction of tube mills.

The impact of the epidemic on the manufacturing industry is mainly reflected in time. The tube mill company was forced to stop production and the production plan was interrupted. From the processing of raw materials and parts to downstream companies, the entire chain has problems, and the entire industrial chain cannot be continued. Multinational customers will consider changing suppliers or switching to markets in other countries. In the international market of raw materials, supporting parts and parts, due to the company's suspension of production and production, it is unable to deliver to foreign customers in the quantity and quantity agreed in the contract, which affects exports. At present, the market is in short supply and cannot meet the needs of the market and consumers.

Market Opportunities

The high demand for fossil fuels has led to an increase in exploration and production activities in the oil and gas industry. However, the era of simple oil is over, and oil reserves have been discovered to be deeper than their historical oil reserves. The deeper depth contains the unfavorable environment of the high temperature and high pressure of the pipeline used during the drilling activity. In addition, the innovative technology of directional drilling requires high-strength flexible pipes. All these goals are achieved through seamless pipelines. With the growth of pharmaceutical, chemical and fertilizer industries, where chemical processes are frequently used, boilers are another driving force in the seamless pipe market. Therefore, these factors also bring more emerging opportunities to the seamless steel tube mill market.
The FleXU technology, developed by Fives with the support of the Regional European Development Fund, is a completely new design concept for a welded tube mill. The FleXU welded tube mill is equipped with motor spindles and cantilever rolls in place of the traditional cage configuration, which enables changeovers to be completed very quickly using robotics. Overall, customers will benefit from greater security, productivity and flexibility.

The Linear Cage Forming system is the result of many years of experience and knowledge in the tube field. This method brings undisputed advantages in terms of flexibility, production capability and cost reduction. The innovation consists in the possibility to produce any tube in any size, included into the mill range, without roll change and in few

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

SMS Meer is one of the major players operating in the Tube Mill market, holding a share of 16.57% in 2020.

Fives Bronx, Inc. supplies mill equipment. The Company offers straightening products for the production of tube, pipe, bar, and profiles. Fives Bronx serves customers worldwide.

Zhongtai Group specializes in designing and manufacturing ERW pipe making machines, highspeed precision pipe making machines, API pipe making machines, cold-formed open steel production lines, stainless steel pipe making machines, slitting production lines, etc.

Segmentation Overview:

Among different product types, Stainless Steel Tube Mill segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Ordinary Pipe segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Tube Mill market covered in Chapter 3:

Birlik Makina
Zhongtai Group
Yang Chen Steel Machinery
Olimpia 80
SMS Meer
Hydratight
MTM Group
Yoder
T&H Lemont
SEUTHE GmbH
Jopar Machinery
Nakata
Chenzhou Huaxia Lisen Mechanical
Mill Masters
Guangdong Henkel
Fives OTO S.p.A.

In Chapter 4 and Chapter 14.2, on the basis of types, the Tube Mill market from 2018 to 2029 is primarily split into:

High Frequency Weld Tube Mill
Stainless Steel Tube Mill

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Tube Mill market from 2018 to 2029 covers:

Seamless Steel Pipe
Ordinary Pipe
Large Pipes
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)