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Saudi Arabia Steel Pipes And Steel Tubes Market

Saudi Arabia Steel Pipes And Steel Tubes Market

Saudi Arabia Steel Pipes and Steel Tubes Market, By Technology (Seamless, ERW, SAW); By Application (Oil & Gas, Chemicals & Petrochemicals, Automotive & Transportation, Mechanical Engineering, Power Plant, Construction, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: November 2024
  • Report ID: BWC24192
  • Available Format: PDF
  • Page: 119

Report Overview

Mega infrastructure projects, thriving oil & gas sector, and the Saudi government’s supportive initiatives are expected to boost the growth of Saudi Arabia Steel Pipes and Steel Tubes Market during the forecast period between 2024 and 2030.

Saudi Arabia Steel Pipes and Steel Tubes Market – Industry Trends & Forecast Report, 2030

Saudi Arabia Steel Pipes and Steel Tubes Market size by value was estimated at USD 435.90 million in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Steel Pipes and Steel Tubes Market size is expected to expand at a CAGR of 5.11% reaching a value of USD 587.12 million by 2030. Saudi Arabia Steel Pipes and Steel Tubes Market is driven by several factors, including significant infrastructure development projects, increasing demand from the oil & gas sector, and the government’s robust initiatives like Vision 2030. The ongoing investments in construction and transportation sectors are expected to further fuel market growth. Additionally, advancements in steel production technologies and the adoption of sustainable practices are contributing to the rising demand for steel pipes and tubes in various industrial applications across the Kingdom.

Saudi Arabia Steel Pipes and Steel Tubes Market

Steel Pipes and Steel Tubes – Overview

Steel pipes and steel tubes are essential components in various industries, due to their strength, durability, and versatility. They are used in construction, oil & gas transportation, automotive, and mechanical engineering applications. Steel pipes are typically used for transporting fluids and gases, while steel tubes are often used in structural applications. Their high tensile strength and ability to withstand extreme conditions make them ideal for critical infrastructure projects and industrial applications.

Saudi Arabia Steel Pipes and Steel Tubes Market

Growth Drivers

Development of Large Infrastructure Projects

Saudi Arabia Steel Pipes and Steel Tubes Market is significantly driven by the large infrastructure development projects. The government's commitment to projects like Vision 2030, Neom, the Red Sea Project, and Qiddiya necessitates substantial steel pipes and tubes for construction and utilities. These projects, supported by a growing GDP, are creating a robust demand for steel products, fostering market growth.

Challenges

High Volatility in Steel Prices

Steel price volatility poses a significant restraint to Saudi Arabia Steel Pipes and Steel Tubes Market. The inherent fluctuations in steel prices impact manufacturing costs and overall project economics, leading to financial instability and unpredictability in the market. This volatility can deter investments and affect the profitability of companies operating within the market.

Impact of Escalating Geopolitical Tensions on Saudi Arabia Steel Pipes and Steel Tubes Market

Intensifying geopolitical tensions among countries spreading across the major regions, particularly in the Middle East, could significantly impact Saudi Arabia Steel Pipes and Steel Tubes Market. Economic, political, and trade tensions between the nations could disrupt regional trade, leading to fluctuations in steel prices and supply chain instability. Political instability may deter foreign investments and affect consumer confidence, resulting in reduced spending on infrastructure projects that rely on steel pipes and tubes. Additionally, trade restrictions and sanctions can limit access to essential raw materials, further complicating production and market growth.

Saudi Arabia Steel Pipes and Steel Tubes Market

Segmental Coverage

Saudi Arabia Steel Pipes and Steel Tubes Market – By Technology

By technology, Saudi Arabia Steel Pipes and Steel Tubes Market is divided into Seamless, ERW, and SAW segments. The ERW (Electric Resistance Welded) segment holds the largest share of Saudi Arabia Steel Pipes and Steel Tubes Market by technology, due to the widespread application of ERW across the construction, water distribution, and oil and gas industries. ERW pipes are preferred for their high strength, cost-effectiveness, and ease of production, which makes them ideal for projects requiring long pipelines. The segment's growth is further supported by the increasing infrastructure developments in Saudi Arabia, particularly as part of the Saudi Vision 2030 initiatives, which focus on economic diversification and significant investment in urban and industrial projects.

Saudi Arabia Steel Pipes and Steel Tubes Market Size

Saudi Arabia Steel Pipes and Steel Tubes Market – By Application

On the basis of application, Saudi Arabia Steel Pipes and Steel Tubes Market is divided into Oil & Gas, Chemicals & Petrochemicals, Automotive & Transportation, Mechanical Engineering, Power Plant, Construction, and other segments. The oil & gas segment holds the largest market share of Saudi Arabia Steel Pipes and Steel Tubes Market by application, due to the country's extensive oil and gas industry, which requires a substantial volume of steel pipes and tubes for exploration, drilling, and transportation infrastructure. The demand is further amplified by Saudi Arabia's ongoing efforts to expand its oil and gas production capacities. Additionally, government-backed initiatives and investments in energy infrastructure contribute significantly to the segment’s growth, cementing its position as the key consumer within the steel pipes and tubes market in Saudi Arabia.

Saudi Arabia Steel Pipes and Steel Tubes Market Share

Competitive Landscape

Major companies in the highly competitive Saudi Arabia Steel Pipes and Steel Tubes Market include Saudi Steel Pipe Bending Factory, Alazzaz Steel and Pipes, Al-Jazera Factories for Steel Products (JASCO), Tirox Steel Pipes and Tubes, Alkafaa Limited Company, Gulf Pipe Supply and Services, Tenaris Saudi Arabia, Santok Steel Corporation, Al Ashrak Group, Victor Steel Corporation, and Metline Industries. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Million

Market Coverage

Saudi Arabia

Product/Service Segmentation

Technology, Application

Key Players

Saudi Steel Pipe Bending Factory, Alazzaz Steel and Pipes, Al-Jazera Factories for Steel Products (JASCO), Tirox Steel Pipes and Tubes, Alkafaa Limited Company, Gulf Pipe Supply and Services, Tenaris Saudi Arabia, Santok Steel Corporation, Al Ashrak Group, Victor Steel Corporation, Metline Industries

 

By Technology

  • Seamless

  • ERW

  • SAW

By Application

      • Oil & gas

      • Chemicals & petrochemicals

      • Automotive & Transportation

      • Mechanical Engineering

      • Power Plant

      • Construction

      • Others

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Steel Pipes and Steel Tubes Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Infrastructure Development
        2. Oil and Gas Industry
        3. Government Initiatives
      2. Restraints
        1. Steel Price Volatility
        2. Market Saturation
      3. Opportunities
        1. Emerging Projects
        2. Infrastructure Investments
      4. Challenges
        1. Competition
        2. Evolving Demands
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Saudi Arabia Steel Pipes and Steel Tubes Market: Marketing Strategies
  5. Saudi Arabia Steel Pipes and Steel Tubes Market: Pricing Analysis
  6. Saudi Arabia Steel Pipes and Steel Tubes Market: Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Technology
        1. Seamless
        2. ERW
        3. SAW
      2. By Application
        1. Oil & gas
        2. Chemicals and petrochemicals
        3. Automotive & Transportation
        4. Mechanical engineering
        5. Power plant
        6. Construction
        7. Others
  7. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Saudi Arabia Energy Storage System Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
  8. Impact of Escalating Geopolitical Tensions on Saudi Arabia Steel Pipes and Steel Tubes Market
  9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Saudi Steel Pipe Bending Factory
    2. Alazzaz Steel and Pipes
    3. Al-Jazera Factories for Steel Products (JASCO)
    4. Tirox Steel Pipes and Tubes
    5. Alkafaa Limited Company
    6. Gulf Pipe Supply and Services
    7. Tenaris Saudi Arabia
    8. Santok Steel Corporation
    9. Al Ashrak Group
    10. Victor Steel Corporation
    11. Metline Industries
    12. Other Prominent Players
  10. Key Strategic Recommendations
  11. Research Methodology
    1. Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4. Breakdown of Primary Research Respondents, By Country
    5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

List of Figures

 

Figure 1       Saudi Arabia Energy Storage System Segmentation

Figure 2       Saudi Arabia Steel Pipes and Steel Tubes Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Saudi Arabia Steel Pipes and Steel Tubes Market Size, By Value (USD Million), 2019-2030

Figure 5       Saudi Arabia Steel Pipes and Steel Tubes Market Share, By Application, By Value, 2019-2030

Figure 6       Saudi Arabia Steel Pipes and Steel Tubes Market Share, By Application, By Value, 2019-2030

 

List of Tables

 

Table 1         Saudi Arabia Steel Pipes and Steel Tubes Market Size, By Value (USD Million), 2019-2030

Table 2         Saudi Arabia Steel Pipes and Steel Tubes Market Size, By Application, By Value, 2019-2030

Table 3         Saudi Arabia Steel Pipes and Steel Tubes Market Size, By Application, By Value, 2019-2030

Table 4         Saudi Steel Pipe Bending Factory Company Overview

Table 5         Saudi Steel Pipe Bending Factory Financial Overview

Table 6         Alazzaz Steel and Pipes Company Overview

Table 7         Alazzaz Steel and Pipes Financial Overview

Table 8         Al-Jazera Factories for Steel Products (JASCO) Company Overview

Table 9         Al-Jazera Factories for Steel Products (JASCO) Financial Overview

Table 10       Tirox Steel Pipes and Tubes Company Overview

Table 11       Tirox Steel Pipes and Tubes Financial Overview

Table 12       Alkafaa Limited Company Overview

Table 13       Alkafaa Limited Financial Overview

Table 14       Gulf Pipe Supply and Services Company Overview

Table 15       Gulf Pipe Supply and Services Financial Overview

Table 16       Tenaris Saudi Arabia Company Overview

Table 17       Tenaris Saudi Arabia Financial Overview

Table 18       Santok Steel Corporation Company Overview

Table 19       Santok Steel Corporation Financial Overview

Table 20       Al Ashrak Group Company Overview

Table 21       Al Ashrak Group Financial Overview

Table 22       Victor Steel Corporation Company Overview

Table 23       Victor Steel Corporation Financial Overview

Table 24       Metline Industries Company Overview

Table 25       Metline Industries Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Saudi Arabia Steel Pipes and Steel Tubes Market size by value was estimated at USD 435.90 million in 2023.
Ans: Saudi Arabia Steel Pipes and Steel Tubes Market by value is expected to grow at a CAGR of 5.11% during the forecast period between 2024 and 2030.
Ans: Saudi Arabia Steel Pipes and Steel Tubes Market size is forecast to reach a value of USD 587.12 million by 2030.
Ans: Growth of Saudi Arabia Steel Pipes and Steel Tubes Market is primarily driven by infrastructure projects, oil and gas industry demand, and government initiatives.
Ans: Key players in Saudi Arabia Steel Pipes and Steel Tubes Market include Saudi Steel Pipe Bending Factory, Alazzaz Steel and Pipes, Al-Jazera Factories for Steel Products (JASCO), Tirox Steel Pipes and Tubes, Alkafaa Limited Company, Gulf Pipe Supply and Services, Tenaris Saudi Arabia, Santok Steel Corporation, Al Ashrak Group, Victor Steel Corporation, and Metline Industries.
Ans: The oil & gas segment accounts for the highest market share of Saudi Arabia Steel Pipes and Steel Tubes Market by application.
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