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Steel Tube, Pipe & Related Fitting Manufacturing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Steel Tube, Pipe & Related Fitting Manufacturing Market Research Report | SIC C24.200 | Oct 2016

Hollow growth: Revenue is projected to marginally increase over the next five years

The Steel Tube, Pipe & Related Fitting Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Tata Steel UK Limited Tata Steel UK Limited market share
Vallourec Mannesmann Oil & Gas UK Ltd Vallourec Mannesmann Oil & Gas UK Ltd market share
Industry Statistics & Market Size
Revenue
£2bn
Annual Growth 12-17
-1.6%
Annual Growth 17-22
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Profit
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Employment
9,796
Businesses
305
Industry Threats & Opportunities
  • Despite rising demand, falling oil prices and lower output have caused revenue to decline
  • Strong growth in the Motor Vehicle Manufacturing industry has provided a steady flow of demand
  • The depreciation of the pound is anticipated to have a significant effect on the industry
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Industry Analysis & Industry Trends

The Steel Tube, Pipe and Related Fitting Manufacturing industry has suffered from heavy volatility over the past five years. Industry revenue tumbled in 2012-13 as demand from the construction sector evaporated. Demand for steel piping used in oil and gas production has also fallen consistently in recent years. British oil and gas stocks are on the decline, leaving only difficult-to-access reserves untapped. Even if exploration is successful, falling oil prices have offered little incentive for production. These factors are anticipated to have significantly reduced demand for industry products over the past five years. However, falling steel prices, owing to the slowdown in the global economy, have benefited industry operators to some extent... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to enter the Steel Tube, Pipe and Related Fitting Manufacturing industry vary significantly depending on sector. Big scale producers impose substantial barriers at the higher-earning end of the spectrum but small operators that specialise on a certain sector – especially in construction – face much lower barriers. This is reflected by the relatively high number of small firms operating in the industry; according to figures released by the Office for National Statistics, companies that employ less than 10 people account for approximately 69% of the firms operating in the industry. However, small operators do not benefit from economies of scale and generally have slim profit margins, decreasing the appeal of entering the industry.

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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... purchase to read more

     


    Industry ProductsRelated Reports

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

    Firms in this industry manufacture pipes and tubes from steel.

    Industry Products
    Oil country tubular goodsStructural steel tubes and construction-grade pipingMechanical pipes and structural tubing
     
    Industry Activities
    Producing steel pipe and tube fittingsProducing steel pipes and tubesProducing sleeves made of steelProducing casings made of steel


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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
  • Reduced reserves
  • Shifting foundations
  • Demand drives upwards
  • Major inputs
  • The effects of technology
  • Chart: Revenue Growth
  • Industry Outlook
  • Fracking falters
  • The penny drops
  • 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
  • Products & Markets
    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
  • Oil country tubular goods
  • Mechanical pipes and structural tubing
  • Other
  • Chart: Steel Tube, Pipe & Related Fitting Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Construction sector
  • Oil and gas industry
  • 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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Steel Tube, Pipe & Related Fitting Manufacturing
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Steel Tube, Pipe & Related Fitting Manufacturing Industry
  • Industry Globalization
    Major Companies
    Tata Steel UK Limited
    Vallourec Oil & Gas UK Ltd
  • Table: Tata Steel UK Limited - financial performance
  • Table: Vallourec Oil & Gas UK Ltd - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Steel Tube, Pipe & Related Fitting Manufacturing Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    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.

  • Why Buy this Report?
    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 of 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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