Welded Pipes Market to hit USD 358 billion in 2029, at a CAGR of 5.8 percent Growth Hubs, Investment Opportunities and Technological Advancements

December 14 18:45 2022
Welded Pipes Market to hit USD 358 billion in 2029, at a CAGR of 5.8 percent Growth Hubs, Investment Opportunities and Technological Advancements
Welded Pipes Market
Welded Pipes Market size was valued at USD 228 Bn. in 2021 and the total Welded Pipes revenue is expected to grow by 5.8 % from 2022 to 2029, reaching nearly USD 358 Bn.

Pune, 14, Dec2022: The report analysed by Maximize Market Research, the global material and chemical market research firm. Welded Pipes Market covers an extensive competitive and pricing analysis in the report. North America is expected to witness significant growth according to the report. During the Forecast period, the report expects the market to grow from USD 228 billion in 2021 to USD 358 billion in 2029, at a CAGR of 5.8 percent for the forecast period from 2022 to 2029.

Welded Pipes Market Scope and Research Methodology  

The report is an in-depth analysis of all the key players in the Welded Pipes Market by market share, revenue, market penetration, financial status and region. Current trends prevailing in the Welded Pipes Market are presented and historical data is used to forecast growth rate fluctuations to equip stakeholders, investors, market key players and followers about future market conditions. The Welded Pipes Market is segmented by product, application and end-users for a detailed analysis for understanding the market penetration, competitive structure, pricing and demand analysis. The report aids the formulation of strategic decision-making and finding investment pockets for businesses.

For the competitive landscape, major players and new entrants in the Welded Pipes Market are collated based on the equipment offered, portfolio, technological advancements adopted, mergers and acquisitions, joint ventures and strategic alliances. With each company profile, recommendations are provided on investments and estimations of their market size for the forecast period. New entrants can use the report to understand the future course of the Welded Pipes Market.

The bottom-up approach was employed to validate the market size and its estimation by different segments. Data was collected using both primary and secondary data collection methods for the analysis. Methods such as surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs, marketing professionals, customers and retailers on the demand side and manufacturers, and wholesalers on the supply side were included in the primary methods. Secondary data was methodically collected from a curated selection of sources to ensure the reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. SWOT analysis was conducted to provide the strengths and weaknesses of the Food Safety Testing Market while PESTLE was employed to understand the potential impact of the macro-economic, social, political and technological factors affecting Welded Pipes Market.

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Welded Pipes Market Overview

Welded pipes have a long, ribbon-like steel coil like appearance that are also known as skelp or electrical fusion welding pipes. Industrialization has changed pipe manufacturing methods, making more complex pipes to meet the demands of the changing infrastructure. These pipes are mainly used in major pipeline projects like water and sewerage lines. Its applications are also found in the oil and gas industry for shipping oil and gas over long distances.

Welded Pipes Market Dynamics

The demand for oil and gas has been ever-increasing over the decades resulting in their growth. This increase in demand is attributed to the increasing demand for transportation. With economic growth and urbanisation taking pace, transportation becomes key for commuting. These factors have led to the increased demand for oil and gas. This growth is expected to boost the Welded Pipes Market since they act as carriers of oil and gas across long distances.

Advancements in the Welded Pipes Market are expected to drive the market. Infrastructure changes will increase the demand for more sturdy and durable welded pipes. The need for more efficient and cost-effective welded pipes will increase for the forecasted period. These factors are expected to increase the Welded Pipes Market growth.

Welded pipes are made of iron ore, nickel scrapping, chromium and other alloys. The prices of these metals constantly witness fluctuations. These fluctuations in the raw materials of Welded Pipes are expected to hamper the market for the forecast period.

Welded Pipes Market Regional Insights

For the forecast period, the North American region is expected to dominate the market for Welded Pipes. North America had 31,000 miles of pipelines planned, with 15,279 miles under construction in 2020. This massive amount of pipeline construction is expected to drive the regional growth of the Welded Pipes Market. The region is also witnessing an increase in the expenditure on real estate by construction corporations. Construction of commercial buildings such as offices, complexes and corporate centres has been increasing with IT hubs on the rise. This is also a contributing factor to the Welded Pipes Market Regional Growth. Us is leading the regional Welded Pipes Market given the demand for hydraulic and instrumentation tubes by mechanical and engineering sectors boosting Welded Pipes Market growth.

Asia-Pacific region is expected to see steady growth in the Welded Pipes Market with China leading the market on account of the growth of the construction sector.

Welded Pipes Market Segmentation:

By Material:

  • Carbon Steel
  • Stainless Steel
  • Alloy Steel

By Product:

  • Process Pipes
  • Mechanical Tubes
  • Heat Exchanger Tubes
  • Structural Tubes
  • Hydraulic & Instrumentation Tubes

By Application: 

  • Oil & Gas
  • Power Generation
  • Infrastructure & Construction
  • Automotive
  • Mechanical & Engineering

Welded Pipes Market Key Manufacturers include: 

  • Marcegaglia
  • Sosta GmbH & Co. KG
  • ArcelorMittal S.A.
  • Nippon Steel
  • Hyundai Steel Co., Ltd
  • Sandvik AB
  • Shanghai Metal Corporation
  • F.E.R. Fischer Edelstahlrohre GmbH
  • YC Inox
  • JFE Steel Corporation
  • CSM TUBE spa
  • Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd.
  • Guangdong Lizz Steel Pipe Co, Ltd.
  • Foshan Zhongde Stainless Steel Co., Ltd.

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Key questions answered in the Welded Pipes Market are: 

  • What are Welded Pipes Market? 
  • What is the current growth rate of Welded Pipes Market? 
  • Who are the key players in the Welded Pipes Market?
  • Who are the market leaders in Welded Pipes in Europe
  • Who are the market leaders in Welded Pipes in USA and Canada
  • Who are the market leaders in Welded Pipes in India, China, Japan and South Korea?
  • What are the factors affecting growth in the Welded Pipes Market? 
  • Who held the largest market share in Welded Pipes Market? 
  • What are the factors for the growth of Asia-Pacific region in Welded Pipes Market?
  • What are the restraints to the Welded Pipes Market?
  • What are the lucrative opportunities for the Welded Pipes Market? 

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading research firm, has also published the following reports:

Industrial Tubes Market –The Industrial Tubes Market size is expected to reach USD 870.42 billion by 2029 at a CAGR of 5.6 percent during the forecast period. The Industrial Tubes Market is expected to be driven by increased demand for cold-drawn seamless pipes, increasing demand in end-use industries and innovation in industrial tubes. 

Thermoplastic Pipe Market –The Thermoplastic Pipe Market size is expected to reach USD 4.66 billion by 2029 at a CAGR of 4.8 percent during the forecast period. The Thermoplastic Pipe Market is expected to be driven by increased adoption of renewable energy and increased use in industrial operations. 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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