Global Steel Pipes & Tubes Market Size & Outlook

The steel pipes & tubes industry worldwide is expected to reach a projected revenue of US$ 247,900.9 million by 2030. A compound annual growth rate of 5.4% is expected of the worldwide steel pipes & tubes industry from 2024 to 2030.
Revenue, 2023 (US$M)
$171,775.5
Forecast, 2030 (US$M)
$247,900.9
CAGR, 2024 - 2030
5.4%
Report Coverage
Worldwide

Global steel pipes & tubes market highlights

  • The global steel pipes & tubes market generated a revenue of USD 185,472.5 million in 2022 and is expected to reach USD 247,900.9 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 3.7% by 2030.
  • In terms of segment, oil & gas accounted for a revenue of USD 93,289.9 million in 2022.
  • Power plant is the most lucrative application segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2022.
  • Country-wise, Italy is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 185,472.5 million
Market revenue in 2030USD 247,900.9 million
Growth rate3.7% (CAGR from 2022 to 2030)
Largest segmentOil & gas
Fastest growing segmentPower plant
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationConstruction, Oil & gas, Chemicals and petrochemicals, Automotive & transportion, Mechanical engineering, Power plant

Other key industry trends

  • In terms of revenue, the North America accounted for 16.6% of the global steel pipes & tubes market in 2022.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, Italy is the fastest growing regional market and is projected to reach USD 1,664.5 million by 2030.

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Steel Pipes & Tubes Market Scope

Steel pipes & tubes market segmentation & scope

Steel Pipes & Tubes Market Companies

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Global steel pipes & tubes market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to steel pipes & tubes market will help companies and investors design strategic landscapes.


Oil & gas was the largest segment with a revenue share of 50.3% in 2023. Horizon Databook has segmented the Global steel pipes & tubes market based on construction, oil & gas, chemicals and petrochemicals, automotive & transportion, mechanical engineering, power plant covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Steel Pipes & Tubes Application Outlook (Revenue, USD Million, 2018-2030)
    • Construction
    • Infrastrcture
    • Industrial
    • Automotive
    • Industrial Manufacturing
    • Power & Energy
    • Others
    • Residential
    • Non-residential
    • Oil & gas
    • Chemicals and petrochemicals
    • Automotive & transportion
    • Mechanical engineering
    • Power plant
  • Global Steel Pipes & Tubes Technology Outlook (Revenue, USD Million, 2018-2030)
    • Seamless
    • ERW
    • SAW

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Horizon Databook provides a detailed overview of global-level data and insights on the Global steel pipes & tubes market , including forecasts for subscribers. This global databook contains high-level insights into Global steel pipes & tubes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global steel pipes & tubes market size, by regions, 2018-2030 (US$M)

Top 10 countries: Steel pipes & tubes market size, 2022 (US$M)

Global steel pipes & tubes market share, by application, 2022 & 2030 (%, US$M)

Steel pipes & tubes market: Opportunity assessment by country

Global steel pipes & tubes market, by region, 2023 (US$M)

Global steel pipes & tubes market size, by regions, 2018-2030 (US$M)

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