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The ERW steel tube market in Europe is estimated to grow at a CAGR of 6% between 2022 and 2027. The size of the market is forecast to increase by USD 8.52 billion. The growth of the market depends on several factors, including increased demand from end-user industries, economic advantages of pipeline transportation in the oil and gas industry, and high energy prices which drive the market.
This report extensively covers market segmentation by end-user (oil and gas, infrastructure and construction, water or sewage, automotive, and others), and Product Type (pressure tubing and standard pipes). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The economic advantages of pipeline transportation in the oil and gas industry are notable driving the market growth, although factors such as volatile prices of raw materials may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key ERW Steel Tube Market Driver In Europe
The economic advantages of pipeline transportation in the oil and gas industry are notably driving the market growth. One of the key drivers that go a long way in proving the advantages of pipeline transportation pertains to the economic benefits present. Pipelines are preferred for long-distance oil and gas transportation over other modes due to various reasons such as they are extremely reliable and can operate round-the-clock as there is limited dependence on external factors, can be laid through any terrain and under the sea, need very less maintenance and hence are economical, capable of continuous transportation of a large number of products, and transportation of oil and gas via pipelines costs very less compared to rail transport.
Transporting gas by rail, road, or ship is expensive and requires frequent trips. However, with pipelines, the transportation of oil and gas can be carried out continuously and can be ramped up or shut down at any time. Such factors are expected to increase the demand for ERW steel tubes, which, in turn, is anticipated to drive the growth of the Europe electric resistance welded (ERW) steel tube market during the forecast period.
Significant ERW Steel Tube Market Trend In Europe
The satellite-based pipeline monitoring systems are an emerging trend in the market. Increasing pipeline projects, with thousands of miles of pipeline currently under construction or in the planning stage, requires efficient monitoring systems. These pipelines traverse difficult terrains, where wired and wireless communication becomes cost-intensive. For the effective and efficient monitoring and management of pipelines in harsh terrain such as mountainous regions, satellite communication is the only available and cost-effective Supervisory Control And Data Acquisition (SCADA) communication option.
For instance, SatSCADA, offered by Bentek Systems, is a satellite-based pipeline remote monitoring SCADA platform. It features satellite-based terminals that are connected to the SATSCADA server via an Inmarsat Satellite Network. The SATSCADA system utilizes the Inmarsat geosynchronous satellite, which provides visibility without the need to reconfigure or recommission the system. Hence, such developments are expected to drive the growth of the Europe electric resistance welded (ERW) steel tube market during the forecast period.
Major ERW Steel Tube Market Challenge In Europe
The volatile prices of raw materials are major challenges impeding the market. Steel is produced from iron ore using blast furnaces or electric arc furnaces. In the past few years, the prices of iron ore have witnessed major fluctuations, which has negatively affected the prices of crude steel and finished steel products such as steel tubes.
Although the demand for steel tubes is increasing in construction and other industries, the fluctuating prices of raw materials are hampering the market's growth. For instance, steel and aluminium prices reached a record high in April 2022, compared with February 2022. Therefore, the increase in the prices of raw materials is expected to limit the growth of the Europe electric resistance welded (ERW) steel tube market in focus during the forecast period.
Key ERW Steel Tube Market In Europe Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global ERW Steel Tube Market in Europe Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ml Tubi - The company offers pipes that are mainly used for application in households, garden furniture, and garden equipment. The key offerings of the company include steel tubes.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the oil and gas segment will be significant during the forecast period. The oil and gas segment by end-user dominated the ERW steel tube market in Europe in 2022. It is expected to maintain its dominance during the forecast period owing to growing oil and gas projects against rising energy demand.
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The oil and gas segment was valued at USD 9.67 billion in 2017 and continued to grow until 2021. Governments of different countries across the world are collaborating to carry out various gas pipeline projects. Some of them are the building of the new gas terminals close to the port of Wilhelmshaven in the backdrop of damaged Nord Stream pipelines in Germany, and the development of a gas pipeline across the Pyrenees mountain range, which is a collaboration between Germany and Spain. Such developments and investments are expected to increase the demand for ERW steel tubes, which, in turn, is expected to drive the growth of the Europe electric resistance welded (ERW) steel tube market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the ERW (Electric Resistance Welding) steel tube market in Europe as a part of the global steel market within the overall metals and mining market. The parent market covers products and companies engaged in the production of steel for a wide range of industrial applications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
ERW Steel Tube Market Scope In Europe |
|
Report Coverage |
Details |
Page number |
152 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
Market growth 2023-2027 |
USD 8.52 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.67 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ArcelorMittal SA, bsh Precision Steel Tube Trading GmbH, CELSA GROUP, Ceruti Spa, Chinchurreta Group, Danieli and C. Officine Meccaniche Spa, H. Butting GmbH and Co. KG, Mannesmann Line Pipe GmbH, Ml Tubi, Nippon Steel Corp., OMV Ventura, Seeberger GmbH and Co. KG, Seyame, Siderinox SpA, SMS group GmbH, Soconord Group, Steelimpex Ltd., Tata Steel Ltd., Threeway Steel Co. Ltd., and Tubificio del Friuli SpA |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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