Fit to purpose: Government initiatives and green policies support industry demand

The Steel Tube, Pipe and Related Fitting Manufacturing industry has been affected by heavy volatility over the past five years. Industry revenue tumbled just before the beginning of the period as demand for steel piping used in oil and gas production consistently declined. British oil and gas stocks are on the decline, leaving only difficult-to-access reserves untapped. Even during times of successful exploration, dwindling global oil prices over the past five years have offered little incentive for production. These factors are anticipated to have reduced demand for industry products over the past five years.In recent years, shifting downstream demand has led to volatility in the industry...read more.

Industry Statistics & Market Size
Revenue
£1.8bn
Annual Growth 15-20
-7.2%
Forecast Growth 20-25
Profit
Employment
9,105
Businesses
342
Market Share of Companies

Industry Threats & Opportunities

  • Industry demand has been hindered over the past five years by declining oil and gas stocks
  • Government schemes aimed at supporting housing markets have boosted industry demand
  • Despite environmental concerns, fracking activity may increase and support industry demand
  • Industry Report - Industry Analysis Chapter

    Several factors have affected industry performance over the past five years. The industry produces tubes and pipes mainly for use in construction, oil and gas transport and motor vehicle manufacturing. Consequently, performance is heavily affected by trends in these downstream markets.Dwindling reserves have restricted sales of new piping to oil and gas production operators over the period. Moreover, the key input into production, steel, is an inherently volatile commodity and fluctuations in its price contribute towards industry instability. Overall, revenue is expected to decline at a compound annual rate of 7.2% over the five years through 2019-20 to just under £1.8 billion. Steel prices are forecast to decline in the current year as global demand for steel is set to decrease. Add...purchase to read more.

    Additional Insights for the Steel Tube, Pipe & Related Fitting Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Steel Tube, Pipe & Related Fitting Manufacturing Industry are

  • Ability to pass on cost increases
  • Access to the latest available and most efficient technology and techniques
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Demand from crude petroleum and natural gas extraction and World price of steel in the Steel Tube, Pipe & Related Fitting Manufacturing industry impact industry performance..

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    What's in this report

    What is the Steel Tube, Pipe & Related Fitting Manufacturing Industry?

    Industry firms primarily manufacture seamless or welded steel pipes and tubes, or ferrous metal pipe and tube fittings. Firms that mainly use cast or forged iron and steel are excluded from the industry.

    Industry Products
  • Oil country tubular goods
  • Structural steel tubes and construction-grade piping
  • Mechanical pipes and structural tubing
  • Elbows and butt welds
  • Industry Activities
  • Producing steel pipe and tube fittings
  • Producing steel pipes and tubes
  • Producing sleeves made of steel
  • Producing casings made of steel
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from crude petroleum and natural gas extraction
  • World price of steel
  • Total value of construction
  • Demand from motor vehicle manufacturing

  • Current Performance
  • International reliance
  • Reduced reserves
  • Construction pipeline
  • Driving upwards
  • Major inputs
  • Effects of technology
  • Chart: Revenue Growth

  • Industry Outlook
  • Fracking and green support
  • Trumped steel
  • Demand pipelines
  • Table: Steel Tube, Pipe & Related Fitting Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Steel Tube, Pipe & Related Fitting Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Crude Petroleum & Natural Gas Extraction
  • Motor Vehicle Manufacturing
  • Water Main, Sewer System & Related Project Construction
  • Electricity & Telecommunications Infrastructure Construction

  • Key Selling Industries
  • Electricity Supply
  • Iron & Steel Manufacturing

  • Products & Services
  • Structural steel tubes and construction-grade piping
  • Mechanical pipes and structural tubing
  • Other
  • Elbows and butt welds
  • Oil country tubular goods
  • Chart: Steel Tube, Pipe & Related Fitting Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Construction sector
  • Oil and gas sector
  • Vehicle and machinery manufacturers
  • Other
  • Chart: Major Market Segmentation for the Steel Tube, Pipe & Related Fitting Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationRentUtilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Steel Tube, Pipe & Related Fitting Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Steel Tube, Pipe & Related Fitting Manufacturing Industry

  • Industry Globalization
    Tata Steel UK Limited,
  • Table: Tata Steel UK Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Steel Tube, Pipe & Related Fitting Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Steel Tube, Pipe & Related Fitting Manufacturing Industry
    Includes:
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aspiration System
  • Fire detection technology consisting of a pipe network that draws air from a series of locations to a central point.
  • Hydraulic Fracturing (Fracking)
  • An oil and gas extraction technique that involves the pumping of pressurised liquid into rock formations to release the precious commodities.
  • Oil Country Tubular Goods (Octg)
  • A family of pipes and tubes used to extract and transport oil and gas.
  • Precision Tubes
  • Seamless or welded steel tubes used in mechanical engineering and the automobile industry.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Steel Tube, Pipe & Related Fitting Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Steel Tube, Pipe & Related Fitting Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Steel Tube, Pipe & Related Fitting Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Steel Tube, Pipe & Related Fitting Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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