Welded Steel Tubes Market is expected to reach US$ 274.25 Billion by 2031

Growing Automotive Production to Fuel Welded Steel Tubes Market Growth During Forecast Period 

According to our latest study, "Welded Steel Tubes Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Steel Grade, Application, Type, Coating Type, and Geography," the market was valued at US$ 191.23 billion in 2024 and is expected to reach US$ 274.25 billion by 2031; it is estimated to record a CAGR of 5.6% from 2025 to 2031. The report includes growth prospects owing to the current welded steel tubes market trends and their foreseeable impact during the forecast period.  

The continuous growth in the construction, automotive, and energy sectors is a significant driver. Urbanization and residential, commercial, and industrial infrastructure developments require high-quality steel tubes for structural and piping applications. For instance, in May 2023, the executive government ministries of Saskatchewan, Canada, announced an investment worth US$ 1.26 million in infrastructure. As of 2023, it was the largest infrastructure investment in Saskatchewan's history. SaskBuilds and Procurement Minister announced that apart from this, the government of Saskatchewan is planning to invest nearly US$ 11.27 billion in infrastructure over the next four years. Similarly, in September 2021, the government of the UK announced US$ 709.61 billion of private and public investment projected to be implemented in infrastructure projects across the country till 2031. Such a rising investment from various players is projected to drive the welded steel tubes market.

Welded Steel Tubes Market Analysis — by Region

Source: The Insight Partners Analysis

Countries such as Brazil, Argentina, and Chile are making significant investments in infrastructure projects, including roads, bridges, and urban development. The oil and gas sector, particularly in countries such as Brazil, Peru, and Chile, also plays a vital role in fueling welded steel tube market growth. Governments of countries in South America are investing heavily in infrastructure projects to enhance transportation networks, including roads, railways, bridges, and ports. Large-scale public projects also include energy production (especially renewable energy) and water treatment facilities, which drive the demand for welded steel tubes. Middle East and Africa are growing at a moderate pace for the welded steel tube market. This is owing to increased demand for infrastructure development. As part of the Saudi Vision 2030, healthcare infrastructure has been set to receive US$ 66.67 billion in investment.

The report includes the global welded steel tubes market forecast by steel grades, application, type, and coating type. On the basis of steel grades, the market is segmented into carbon base grades, boron grades, alloy grades, HSLA, AHSS, and others. By type, the market is categorized into LSAW, SSAW, and ERW. On the basis of application, the market is segmented into exhaust, automotive, appliances, medical devices, HVAC, burner, conveyor belts, and others. Based on coating type, the market is bifurcated into clear coat and non-coated.  The global welded steel tubes market has also been analyzed based on five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. 

COREMARK Metals; Phillips Tube Group; ArcelorMittal; Markin Tubing; Pennsylvania Steel Company, Inc.; Hofmann Industries, Inc; AMETEK Inc.; Infra-Metals Co.; Vest LLC; and RathGibsonn are among the key players profiled during the welded steel tubes market report. In addition to these players, several other essential market players have also been studied and analyzed to get a holistic view of the global welded steel tubes market and its ecosystem. 

The scope of the welded steel tubes market report focuses on North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, Rest of MEA), and South America (Brazil, Argentina, Rest of SAM). Asia Pacific accounted for the largest welded steel tubes market share in 2024, followed by Europe and North America, respectively.

The Asia Pacific welded steel tubes market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. The growing construction sector is one of the major factors contributing to the Asia Pacific welded steel tubes market growth. The construction sector in Asia Pacific was valued at US$ 4.4 trillion in 2023, representing 46% of the global construction sector output. The increase in private and public sector investments in infrastructure developments drives the construction sector in Asia Pacific. Welded steel tubes are widely used in building frameworks, including columns, beams, and trusses, due to their high load-bearing capacity. Welded steel tubes are used in the construction of bridges, road barriers, and other infrastructure, resisting stress and environmental factors. Further, according to the Asian Development Bank (ADB), investments in the infrastructure development sector in Asia Pacific will reach US$ 1.7 trillion per year by 2030. In Asia Pacific, China held the largest welded steel tubes market share in 2023, owing to the increasing investment in the energy and power sector. According to the International Energy Agency Report, in 2023, China's international investments in the renewable clean energy sector reached US$ 100 billion, and they continue increasing rapidly. The energy and power sector requires high-strength welded steel tubes for energy infrastructure developments. The Government of India launched a comprehensive planned investment of US$ 109.50 billion to enhance the country's energy and power infrastructure sector. The Ministry of Power in India aims to strengthen the national power grid and increase energy security in the country. India's welded steel tube market is rapidly expanding due to significant investments in the automotive and industrial sectors. Mercedes Benz planned to invest more than US$ 360.14 million in Maharashtra, India. In March 2024, Tata Motors Group signed an agreement to facilitate the Memorandum of Understanding (MoU) with the Government of Tamil Nadu to set up a vehicle manufacturing facility in the state. The MoU consists of an investment of US$ 1,081.6 million for the next five years.

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