Welded Steel Tubes Market Size is Projected to reach US$ 274.25 billion by 2031 | CAGR 5.6%

Welded Steel Tubes Market Size is Projected to reach US$ 274.25 billion by 2031 | CAGR 5.6%

PR Newswire

NEW YORK, June 13, 2025

NEW YORK, June 13, 2025 /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, the global welded steel tubes market is observing healthy growth owing to the growing demand for these tubes in the construction and automotive sectors worldwide.

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The report runs an in-depth analysis of market trends, key players, and future opportunities. The growth of the automotive industry has been notable, particularly in major countries such as the US, China, Germany, India, and Japan. The increasing sales and production of automotive vehicles worldwide is a major driving factor for the welded steel tubes market.

To explore the valuable insights in the Welded Steel Tubes Market report, you can easily download a sample PDF of the report - https://www.theinsightpartners.com/sample/TIPRE00039865/

Overview of Report Findings

  1. Market Size: The welded steel tubes market size is projected to reach US$ 274.25 billion by 2031 from US$ 191.23 billion in 2024. The market is expected to register a CAGR of 5.6% during 2025–2031. Welded steel pipes are hollow cylinders formed by welding metal strips or sheets together. These pipes are manufactured using various processes, such as electric resistance welding (ERW), which involves heating the edges of a steel strip and pressing them together to form a tube. Welded steel pipes have diverse applications due to their strength, durability, and cost-effectiveness. Steel has high tensile and mechanical strength, making it ideal for structurally demanding applications. Stainless steel or galvanized pipes are corrosion-resistant, making them suitable for harsh environments including chemical plants, water treatment plants, and outdoor infrastructure.

  2. Growing Investment in Construction Industry Worldwide: The construction industry is growing rapidly in several countries around the world, with increasing government investment and an increase in demand for various construction sector projects. Countries such as the United States, China, Mexico, Brazil, and India are home to the largest construction companies in the world. According to the insights from Association of General Contractors of America (AGC), the US construction sector is growing with an investment of US$ 1400 billion annually. In construction, welded steel pipes are used in plumbing, heating, cooling, and fire sprinkler systems. They are corrosion-resistant, durable, high strength, and can withstand high pressures and temperatures. Welded steel pipes are also utilized in the construction of buildings, bridges, and other large construction infrastructure projects. They provide strong, load-bearing elements in structural frames, roofs, walls, and floors. The construction industry is growing rapidly in the long term thanks to increasing government investment in infrastructure development. For example, the Bipartisan Infrastructure Act approved US$ 1.2 trillion in funding in the United States, and the EU Infrastructure Development Fund approved US$ 828.8 billion in Europe. Steel tubes are commonly used as columns and beams in commercial infrastructure and industrial buildings. High strength welded steel offers greater strength and the ability to withstand both compression and tension, making it ideal for vertical and horizontal loading applications.

  3. Growing Importance of Welded Steel Tubes in Oil & Gas Industry: The oil and gas industry depend heavily on welded steel pipes due to their high tensile strength, durability, and corrosion resistance, that are critical in the challenging environments of oil exploration, production, and transportation. Welded steel pipes are used to construct pipelines which transport crude oil, natural gas, and other liquids over long distances. Steel pipes' resistance to high pressures makes them ideal for these applications. They can withstand the extreme pressures and environmental conditions found in both onshore and subsea pipelines. There is increasing investment in the construction and expansion of oil and gas pipelines around the world. For example, in January 2025, the government of Alberta, Canada, partnered with Enbridge Inc., a U.S.-based pipeline company, to expand the province's oil and gas pipeline capacity. The Alberta government exports more than 4.3 million barrels per day mb/d of crude oil to the U.S. Additionally, in July 2024, Enbridge Inc., a Canadian energy supply company, planned to invest $700 million in Mexico to build new crude oil and natural gas pipelines. The pipeline, called the Canyon Oil Pipeline System, will have a capacity of 0.2 million barrels per day. Welded steel pipes play a vital role in the oil and gas industry, particularly in the construction of pipelines that transport crude oil, natural gas, and other liquids over long distances. These pipes must withstand high internal pressures, mechanical stresses, and corrosive environments. Welded pipes made of high-quality carbon or alloy steel are designed to effectively meet these demanding requirements.

  4. Geographical Insights: In 2024, Asia Pacific led the market with a substantial revenue share, followed by Europe and North America, respectively. Asia Pacific is expected to register the highest CAGR during the forecast period as well.

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Market Segmentation

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Competitive Strategy and Development

Global Headlines on Welded Steel Tubes Market

Regional And Country Details:

Asia Pacific accounted for the largest market share in 2023, owing to the increasing demand for welded steel tubes in the growing construction sector. The Asia Pacific construction sector was valued at US$ 4.4 trillion in 2023, representing 46% of the global construction sector output. The construction sector in Asia Pacific is driven by the increasing private and public sector investments in infrastructure developments. Due to their high load-bearing capacity, welded steel tubes are widely used in building frameworks, including columns, beams, and trusses. 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), the infrastructure development sector investment in Asia Pacific will reach US$ 1.7 trillion per year by 2030.

The North America welded steel tubes market is segmented into the US, Canada, and Mexico. In terms of revenue, in 2023, the US held the largest share of the market. Construction is one of the exponentially growing industries in North America. Government bodies in the US, Canada, and Mexico are investing substantially in developing residential and non-residential infrastructures, including housing units, airports, hospitals, hotels, office buildings, and universities. According to an Associated Builders and Contractors analysis of data by the US Census Bureau, national total construction spending increased by 4.6% in September 2024 on a year-on-year basis compared to September 2023. With the burgeoning number of infrastructural projects, the demand for welded steel pipes used in engineering fields, such as building structures, steel frames, and supports, is also growing. Europe's welded steel tube market is growing at a moderate pace owing to the increasing investment in the construction sector with government initiatives and funding. In the European Union, under the Cohesion Policy, the construction sector investments are likely to reach almost US$ 80.54 billion during 2021–2027. These investments are targeted to improve energy efficiency and construction sector growth. The construction sector was responsible for 9% of the European Union's GDP in 2023. According to the European Commission, the total investment in the construction sector reached US$ 1,760.54 billion in 2023 and is growing at a rapid pace.

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.

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