The financial crisis dealt a significant blow to the Steel Tube, Pipe and Related Fitting Manufacturing industry. The industry manufactures steel piping for a range of structural purposes, so industry revenue tumbled in 2009-10 as demand from a stagnant construction sector evaporated. Incumbents also make steel tubing used in motor vehicle manufacture, and revenue from these fittings similarly slipped when vehicle production was curtailed due to lacklustre automobile sales. Adding to these woes, demand for steel piping used in oil and gas production has also fallen consistently in recent years.
Firms in this industry manufacture pipes and tubes from steel.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.