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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

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.

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 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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Industry ProductsRelated ReportsTable of Contents

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


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