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.
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 – 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.
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
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Seamless
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ERW
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SAW
By Application
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Oil & gas
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Chemicals & petrochemicals
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Automotive & Transportation
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Mechanical Engineering
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Power Plant
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Construction
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Others
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- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Saudi Arabia Steel Pipes and Steel Tubes Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Infrastructure Development
- Oil and Gas Industry
- Government Initiatives
- Restraints
- Steel Price Volatility
- Market Saturation
- Opportunities
- Emerging Projects
- Infrastructure Investments
- Challenges
- Competition
- Evolving Demands
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Saudi Arabia Steel Pipes and Steel Tubes Market: Marketing Strategies
- Saudi Arabia Steel Pipes and Steel Tubes Market: Pricing Analysis
- Saudi Arabia Steel Pipes and Steel Tubes Market: Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Technology
- Seamless
- ERW
- SAW
- By Application
- Oil & gas
- Chemicals and petrochemicals
- Automotive & Transportation
- Mechanical engineering
- Power plant
- Construction
- Others
- By Technology
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- Saudi Arabia Energy Storage System Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- Impact of Escalating Geopolitical Tensions on Saudi Arabia Steel Pipes and Steel Tubes Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 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
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Country
- Assumptions & Limitations
- Qualitative Research
*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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