Europe Electrically Welded Tubes Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030.
The Electrically Welded Tubes Market in Europe has been growing steadily, driven by the increasing demand from various industries such as automotive, construction, energy, and manufacturing. This market encompasses tubes made through the electric resistance welding process, which is favored for its efficiency, cost-effectiveness, and the strength of the welded joint. The versatility of electrically welded tubes is one of the primary reasons behind their wide adoption across multiple sectors. These tubes are primarily used in applications requiring high strength and durability, such as in the construction of structural frameworks, piping systems, and machinery parts.
The automotive industry, one of the largest consumers of welded tubes, has been a key driver of demand for this market. The need for lightweight, high-strength components in vehicles, especially in safety-critical applications, has led to a rise in the usage of electrically welded tubes. Manufacturers of car chassis, exhaust systems, and other vehicle components rely on these tubes for their structural integrity and lightweight characteristics, which help reduce overall vehicle weight while maintaining safety and performance standards.
In addition to automotive applications, the construction industry’s demand for electrically welded tubes has surged. These tubes are essential for producing scaffolding, railing systems, and support beams that are widely used in the building and infrastructure sectors. With the push towards urbanization and smart city developments in Europe, the need for reliable and durable construction materials like welded tubes has expanded, further boosting the market's growth.
The energy sector also contributes significantly to the demand for electrically welded tubes. These tubes are extensively used in pipelines for oil and gas transportation, as well as in the construction of power plants. As Europe continues to invest in renewable energy and infrastructure projects, the requirement for high-quality welded tubes is expected to grow, further solidifying the market's importance.
Despite these growing demands, the Electrically Welded Tubes Market faces challenges, such as fluctuating raw material prices and the need for continuous innovation to meet specific industry requirements. Manufacturers must focus on improving product quality and efficiency to stay competitive in the evolving market landscape.
The overall trend shows a shift towards sustainable manufacturing practices, with companies increasingly investing in energy-efficient production methods for electrically welded tubes. These advancements are essential to meet environmental regulations and contribute to a greener future, positioning the market for continued growth and transformation in the years ahead.
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Nippon Steel & Sumitomo Metal Corporation
EVRAZ North America
Northwest Pipe Company
TMK IPSCO
Welspun
Wheatland Tube Company
ChelPipe
Techint Group
JFE Steel Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Electrically Welded Tubes Market
Black Steel Tubes
Galvanized Steel Tubes
Stainless Steel Tubes
Structural Tubes
Line Pipes Tubes
Construction
Automotive
Aerospace
Oil & Gas
Manufacturing
Building & Construction
Energy
Transportation
Industrial Equipment
Consumer Goods
Small Diameter Tubes (up to 1 inch)
Medium Diameter Tubes (1 to 4 inches)
Large Diameter Tubes (above 4 inches)
Mill Finish
Polished Finish
Coated Finish
Pre-galvanized Finish
Post-galvanized Finish
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Electrically Welded Tubes Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Electrically Welded Tubes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Electrically Welded Tubes Market, By Type
6. Europe Electrically Welded Tubes Market, By Application
7. Europe Electrically Welded Tubes Market, By Geography
Europe
Germany
UK
France
8. Europe Electrically Welded Tubes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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