North America Welded Steel Tubes Market Forecast, Share, and Trends 2031

North America Welded Steel Tubes Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Steel Grades (Carbon Base Grades, Boron Grades, Alloy Grades, HSLA, AHSS, and Others), Application (Exhaust, Automotive, Appliances, Medical Devices, HVAC, Burner, Conveyor Belts, and Others), Type [Electric Resistance Welding (ERW), Longitudinal Submerged Arc Welding (LSAW), and Spiral Submerged Arc Welded (SSAW)], Coating Type (Clear Coat and Non-Coated), and Country  

  • Report Code : TIPRE00039394
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 129
Buy Now

North America Welded Steel Tubes Market Scope by 2031

Buy Now

The North America welded steel tubes market size is projected to reach US$ 59.36 billion by 2031 from US$ 39.36 billion in 2023. The market is expected to register a CAGR of 5.3% during 2023–2031. The innovations in welding techniques are likely to bring new key trends in the market in the coming years.

North America Welded Steel Tubes Market Analysis  

A business ecosystem is a network of organizations—material suppliers, welded steel tube manufacturers, retailers and authorized distributors, and end users—operating in the North America welded steel tubes market. Ecosystem analysis helps understand a brief overview of stakeholders engaged in offering solutions and providing the final solution to the end users.

Material suppliers or raw material providers play a crucial role in the ecosystem of the North America welded steel tubes market. Suppliers provide essential raw materials such as steel, carbon steel, stainless steel, boron, and alloys, which are used in the manufacturing of welded steel tubes. These materials help manufacturers develop products with enhanced durability, sustainability, and performance. These raw materials are essential in determining the final strength, corrosion resistance, and durability of welded steel tubes.

Welded steel tube manufacturers design, produce, and market welded steel tubes, ensuring product quality and compliance with regulatory standards. Manufacturers such as COREMARK Metals; Phillips Tube Group; ArcelorMittal, as well as various local players, operate in the North America welded steel tubes market. These manufacturers distribute their products directly to the end user or via retail and authorized distributors.

Retailers and authorized distributors facilitate the sale and distribution of welded steel tubes to end users. They provide crucial market access and customer support. A few examples of retailers and distributors are regional wholesalers and online marketplaces. A few end users of welded steel tubes are automotive, food and beverages, energy, and construction sectors.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

North America Welded Steel Tubes Market: Strategic Insights

north-america-welded-steel-tubes-market
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

North America Welded Steel Tubes Market Overview

High demand for residential and commercial complexes, a rise in government initiatives, and increased high-rise constructions are a few factors contributing to the growth of the construction industry. A few of the major projects involve the construction of residential buildings, commercial complexes, and industrial facilities, as well as infrastructure development. The rise in construction activities is mainly driven by urbanization, a rise in population, and economic growth. According to the data published by the Word Bank in 2023, approximately 56% of the total population in 2022, which is 4.4 billion persons, has been living in urban areas, while in 2010, 3.5 billion people were registered to be living in urban areas. Further, various countries in North America are experiencing a rise in construction spending aimed at improving and developing infrastructure, which leads to an increase in demand for scaffoldings. Scaffolding is another type of welded tube that is used during construction operations. For instance, in October 2024, the overall construction spending across the US reached ~US$ 2,174 billion (1.5% up from October 2023) compared to US$ 2,164.7 billion (1.2% up from September 2023) in September 2024. Thus, the growing use of construction scaffoldings fuels the growth of North America welded steel tubes.

Major companies and governments of various countries across North America are significantly focusing on reducing their carbon emissions and increasingly adopting green energy. With a rise in green energy demand, the need to develop green infrastructure projects is growing significantly. In 2024, the US government approved a commercial-scale offshore wind project to achieve approximately 15 gigawatts of energy. Similarly, in December 2024, the Canadian Cabinet Ministry announced an investment of more than US$ 1 billion for up to 670 megawatts of Indigenous-led wind projects through the Canada Infrastructure Bank (CIB) Clean Power priority sector and Indigenous Equity Initiative, as well as Natural Resources Canada’s Smart Renewables and Electrification Pathways program (SREPs). Such government initiatives to build green energy infrastructure are estimated to increase the demand for construction and safety materials, including welded steel tubes. Thus, the growing number of energy infrastructure development initiatives are expected to create lucrative opportunities for the North America welded steel tubes market growth during the forecast period.

Rapid industrialization and the growing integration of automation are a few factors that support the expansion of existing manufacturing facilities for different industrial products, such as welded steel tubes. The aerospace, defense, and industrial machinery industries rely majorly on steel tubes for respective structural and support components. Further, technological advancements in aerospace, defense, and industrial machinery products require a few modifications in their manufacturing processes and industrial facility design and structures. Furthermore, welded steel tubes are used to support innovation in aircraft design and materials fabrication for producing aircraft panels, as well as help modify facilities due to industrial automation. Thus, the increasing focus on advancements in industrial/manufacturing facilities is likely to generate new opportunities for players operating in the North America welded steel tubes market in the coming years.

North America Welded Steel Tubes Market Drivers and Opportunities

Surging Automotive Production

The growing automobile production, including commercial vehicles and passenger cars, drives the North America welded steel tubes market. A few of the major applications of welded steel tubes in vehicles are chassis and body frames, crash protection, heavy-duty vehicle frames, cargo bodies, suspension components, exhaust pipes and mufflers, brake lines, and roll cages and reinforcement bars. The components require different grades of welded steel tubes, and their demand is growing with the rise in vehicle production and their respective aftermarket replacements across the region. The vehicle production statistics for different countries in North America are mentioned below:

Production 2023 (Units)

Country

Passenger Cars

Commercial Vehicle

USA

1,745,171

8,866,384

Canada

376,888

1,176,138

Mexico

903,753

3,098,294

Source: OICA (International Organization of Motor Vehicle Manufacturers)

Production 2022 (Units)

Country

Passenger Cars

Commercial Vehicle

USA

1,751,736

8,308,603

Canada

289,371

939,364

Mexico

658,001

2,851,071

Source: OICA (International Organization of Motor Vehicle Manufacturers)

Increasing Focus on Advancements of Industrial/Manufacturing Facilities

Rapid industrialization and the growing integration of automation are a few factors that support the expansion of existing manufacturing facilities for different industrial products, such as welded steel tubes. The aerospace, defense, and industrial machinery industries rely majorly on steel tubes for respective structural and support components. Further, technological advancements in aerospace, defense, and industrial machinery products require a few modifications in their manufacturing processes and industrial facility design and structures. Furthermore, welded steel tubes are used to support innovation in aircraft design and materials fabrication for producing aircraft panels, as well as help modify facilities due to industrial automation. Thus, the increasing focus on advancements in industrial/manufacturing facilities is likely to generate new opportunities for players operating in the North America welded steel tubes market in the coming years.

North America Welded Steel Tubes Market Report Segmentation Analysis

Key segments that contributed to the derivation of North America welded steel tubes market analysis are steel grades, application, type, and coating type.

  • Based on steel grades, North America welded steel tubes market is segmented into carbon base grades, boron grades, alloy grades, HSLA, AHSS, and others. The carbon base grades segment held the largest share of the market in 2023.
  • In terms of application, the North America welded steel tubes market is segmented into exhaust, automotive, appliances, medical devices, HVAC, burner, conveyor belts, and others. The automotive segment dominated the market in 2023.
  • Based on type, the North America welded steel tubes market is segmented into Electric Resistance Welding (ERW), Longitudinal Submerged Arc Welding (LSAW), and Spiral Submerged Arc Welded (SSAW). The Electric Resistance Welding (ERW) segment dominated the market in 2023.
  • In terms of coating type, the North America welded steel tubes market is divided into clear coat and non-coated. The non-coated segment dominated the market in 2023.

North America Welded Steel Tubes Market Report Scope

North America Welded Steel Tubes Market Share Analysis

The geographic scope of the welded steel tubes market report offers a detailed country analysis in North America. The US dominated the North America welded steel tubes market in 2023, and it is expected to retain its dominance over the forecast period. The demand for modern infrastructure, industrialization, and growing population are a few of the prominent factors driving the US construction industry. For example, according to the US Commerce Department in August 2023, the US construction industry is experiencing growth with a rise in construction spending. In June 2023, the construction grew by 3.5% on a year-on-year basis. The increasing demand for infrastructure projects, including the construction of bridges, buildings, roads, and public infrastructure, leads to a growing need for strong, durable materials and welded steel tubes. These tubes can be used as horizontal and vertical load-bearing structures, such as columns, beams, trusses, and supports, in high-rise buildings, large factories, bridges, and TV towers. According to the U.S. Energy Information Administration’s Annual Energy Outlook 2023 (AEO2023), total energy consumption in the US will rise from 0% to 15% between 2022 and 2050, owing to economic and population growth, among other factors. The energy sector, particularly the oil and gas and renewable energy industries, is a significant driver for the welded steel tubes market in the country. Pipelines, used for the transportation of oil, natural gas, and water, heavily generate the need for welded steel tubes owing to their strength, corrosion resistance, and ability to handle high pressures. The US has a significant presence of many welded steel tube market players such as UNITED STEEL INDUSTRY CO., LTD; Yieh Corp; etc.

North America Welded Steel Tubes Market Report Coverage and Deliverables

The "North America Welded Steel Tubes Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

  • North America welded steel tubes market size and forecast at country levels for all the key market segments covered under the scope
  • North America welded steel tubes market trends, as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST and SWOT analysis
  • North America welded steel tubes market analysis covering key market trends, country framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the North America welded steel tubes market
  • Detailed company profiles 
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What will be the market size of the North America welded steel tubes market by 2031?

The North America welded steel tubes market is expected to reach US$ 59.3 billion by 2031.

Which are the key players holding the major market share of the North America welded steel tubes market?

The key players holding majority shares in the North America welded steel tubes market are US Steel Corporation, Tenaris, JFE Steel Corporation, Vallourec, and Wheatland Tube.

What are the driving factors impacting the North America welded steel tubes market?

Surging automotive production and growing use of construction scaffoldings are the major factors that propel the North America welded steel tubes market.

What is the estimated market size for the North America welded steel tubes market in 2023?

The North America welded steel tubes market was estimated to be US$ 39.3 billion in 2023 and is expected to grow at a CAGR of 5.3 % during the forecast period 2023 – 2031.

What are the future trends of the North America welded steel tubes market?

Innovations in welding techniques is anticipated to play a significant role in the North America welded steel tubes market in the coming years.

What is the incremental growth of the North America welded steel tubes market during the forecast period?

The incremental growth expected to be recorded for the North America welded steel tubes market during the forecast period is US$ 20 billion.

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research

3.2 Primary Research

3.2.1 Hypothesis formulation:

3.2.2 Macro-economic factor analysis:

3.2.3 Developing base number:

3.2.4 Data Triangulation:

3.2.5 Country level data:

4. North America Welded Steel Tubes Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.3.1 Material Suppliers:

4.3.2 Welded Steel Tube Manufacturers:

4.3.3 Retailers and Authorized Distributors:

4.3.4 End Users:

4.3.5 List of Vendors in the Value Chain

5. North America Welded Steel Tubes Market – Key Market Dynamics

5.1 North America Welded Steel Tubes Market – Key Market Dynamics

5.2 Market Drivers

5.2.1 Surging Automotive Production

5.2.2 Growing Use of Construction Scaffoldings

5.3 Market Restraints

5.3.1 Fluctuating Raw Material Prices

5.4 Market Opportunities

5.4.1 Growing Energy Infrastructure Development Initiatives

5.4.2 Increasing Focus on Advancements of Industrial/Manufacturing Facilities

5.5 Future Trends

5.5.1 Innovations in Welding Techniques

5.6 Impact of Drivers and Restraints:

6. North America Welded Steel Tubes Market Analysis

6.1 Overview

6.2 North America Welded Steel Tubes Market Revenue (US$ Million), 2021–2031

6.3 North America Welded Steel Tubes Market Forecast and Analysis

7. North America Welded Steel Tubes Market Analysis – by Steel Grades

7.1 Carbon Base Grades

7.1.1 Overview

7.1.2 Carbon Base Grades: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

7.2 Boron Grades

7.2.1 Overview

7.2.2 Boron Grades: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

7.3 Alloy Grades

7.3.1 Overview

7.3.2 Alloy Grades: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

7.4 HSLA

7.4.1 Overview

7.4.2 HSLA: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

7.5 AHSS

7.5.1 Overview

7.5.2 AHSS: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

8. North America Welded Steel Tubes Market Analysis – by Application

8.1 Exhaust

8.1.1 Overview

8.1.2 Exhaust: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

8.2 Automotive

8.2.1 Overview

8.2.2 Automotive: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

8.3 Appliances

8.3.1 Overview

8.3.2 Appliances: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

8.4 Medical Devices

8.4.1 Overview

8.4.2 Medical Devices: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

8.5 HVAC

8.5.1 Overview

8.5.2 HVAC: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

8.6 Burner

8.6.1 Overview

8.6.2 Burner: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

8.7 Conveyor Belts

8.7.1 Overview

8.7.2 Conveyor Belts: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

8.8 Others

8.8.1 Overview

8.8.2 Others: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

9. North America Welded Steel Tubes Market Analysis – by Type

9.1 Electric Resistance Welding (ERW)

9.1.1 Overview

9.1.2 Electric Resistance Welding (ERW): North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

9.2 Longitudinal Submerged Arc Welding (LSAW)

9.2.1 Overview

9.2.2 Longitudinal Submerged Arc Welding (LSAW): North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

9.3 Spiral Submerged Arc Welded (SSAW)

9.3.1 Overview

9.3.2 Spiral Submerged Arc Welded (SSAW): North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

10. North America Welded Steel Tubes Market Analysis – by Coating Type

10.1 Clear Coat

10.1.1 Overview

10.1.2 Clear Coat: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

10.2 Non-Coated

10.2.1 Overview

10.2.2 Non-Coated: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

11. North America Welded Steel Tubes Market – Country Analysis

11.1 North America Welded Steel Tubes Market Revenue and Forecast and Analysis

11.1.1 North America Welded Steel Tubes Market Revenue and Forecast and Analysis – by Country

11.1.1.1 North America Welded Steel Tubes Market Revenue and Forecast and Analysis – by Country

11.1.1.2 United States: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

11.1.1.2.1 United States: North America Welded Steel Tubes Market Breakdown by Steel Grades

11.1.1.2.2 United States: North America Welded Steel Tubes Market Breakdown by Application

11.1.1.2.3 United States: North America Welded Steel Tubes Market Breakdown by Type

11.1.1.2.4 United States: North America Welded Steel Tubes Market Breakdown by Coating Type

11.1.1.3 Canada: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

11.1.1.3.1 Canada: North America Welded Steel Tubes Market Breakdown by Steel Grades

11.1.1.3.2 Canada: North America Welded Steel Tubes Market Breakdown by Application

11.1.1.3.3 Canada: North America Welded Steel Tubes Market Breakdown by Type

11.1.1.3.4 Canada: North America Welded Steel Tubes Market Breakdown by Coating Type

11.1.1.4 Mexico: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

11.1.1.4.1 Mexico: North America Welded Steel Tubes Market Breakdown by Steel Grades

11.1.1.4.2 Mexico: North America Welded Steel Tubes Market Breakdown by Application

11.1.1.4.3 Mexico: North America Welded Steel Tubes Market Breakdown by Type

11.1.1.4.4 Mexico: North America Welded Steel Tubes Market Breakdown by Coating Type

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players

12.2 Company Positioning and Concentration

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 New Product Development

13.4 Mergers & Acquisitions

13.5 Others

14. Company Profiles

14.1 COREMARK Metals

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Phillips Tube Group

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 ArcelorMittal

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Markin Tubing

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Pennsylvania Steel Company, Inc.

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Financial Overview

14.5.4 Products and Services

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Hofmann Industries, Inc

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Financial Overview

14.6.4 Products and Services

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 AMETEK Inc.

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Financial Overview

14.7.4 Products and Services

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 Infra-Metals Co.

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Vest LLC

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Financial Overview

14.9.4 Products and Services

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 RathGibson

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Financial Overview

14.10.4 SWOT Analysis

14.10.5 Key Developments

15. Appendix

15.1 About The Insight Partners

List of Tables

Table 1. North America Welded Steel Tubes Market Segmentation

Table 2. List of Vendors

Table 3. North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Table 4. North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Steel Grades

Table 5. North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 6. North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Type

Table 7. North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Coating Type

Table 8. North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Country

Table 9. United States: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Steel Grades

Table 10. United States: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 11. United States: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Type

Table 12. United States: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Coating Type

Table 13. Canada: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Steel Grades

Table 14. Canada: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 15. Canada: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Type

Table 16. Canada: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Coating Type

Table 17. Mexico: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Steel Grades

Table 18. Mexico: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 19. Mexico: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Type

Table 20. Mexico: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million) – by Coating Type

Table 21. Heat Map Analysis

List of Figures

Figure 1. North America Welded Steel Tubes Market Segmentation, by Country

Figure 2. PEST Analysis

Figure 3. Impact Analysis of Drivers and Restraints

Figure 4. North America Welded Steel Tubes Market Revenue (US$ Million), 2021–2031

Figure 5. North America Welded Steel Tubes Market Share (%) – by Steel Grades, 2023 and 2031

Figure 6. Carbon Base Grades: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 7. Boron Grades: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 8. Alloy Grades: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 9. HSLA: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 10. AHSS: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 11. Others: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 12. North America Welded Steel Tubes Market Share (%) – by Application, 2023 and 2031

Figure 13. Exhaust: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 14. Automotive: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 15. Appliances: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 16. Medical Devices: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 17. HVAC: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 18. Burner: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 19. Conveyor Belts: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 20. Others: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 21. North America Welded Steel Tubes Market Share (%) – by Type, 2023 and 2031

Figure 22. Electric Resistance Welding (ERW): North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 23. Longitudinal Submerged Arc Welding (LSAW): North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 24. Spiral Submerged Arc Welded (SSAW): North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 25. North America Welded Steel Tubes Market Share (%) – by Coating Type, 2023 and 2031

Figure 26. Clear Coat: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 27. Non-Coated: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 28. North America Welded Steel Tubes Market Breakdown by Key Countries, 2023 and 2031 (%)

Figure 29. United States: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 30. Canada: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 31. Mexico: North America Welded Steel Tubes Market – Revenue and Forecast to 2031 (US$ Million)

Figure 32. Company Positioning and Concentration

The List of Companies - North America Welded Steel Tubes Market

  • COREMARK Metals
  • Phillips Tube Group
  • ArcelorMittal
  • Markin Tubing
  • Pennsylvania Steel Company, Inc.
  • Hofmann Industries, Inc
  • AMETEK Inc.
  • Infra-Metals Co.
  • Vest LLC
  • RathGibsonn

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Manufacturing and Construction : READ MORE..