$1.6bn
$XX.Xm
1,895
163
$XXX.Xm
Steel pipe and tube manufacturers have faced favourable trading conditions in recent years. Manufacturers have sustained revenue growth despite diminishing construction and mining activity, which uses a range of steel pipe and tube products as input materials. Manufacturers increased revenue by diversifying their product range, tapping into export markets, delivering specialised services like customisation and growing demand for motor vehicle parts and accessories. Key strategies have also been implementing cost-saving operational efficiencies and developing technologically advanced products with higher prices. Some manufacturers have consolidated their market share, enhancing their competition stance and revenue. Industry revenue is expected to soar at an annualised 8.9% over the five years through 2023-24, to $1.6 billion. But weakened downstream demand conditions from construction, mining and household appliances, and the low domestic price of iron and steel have contributed to revenue being anticipated to weaken by 9.6% in 2023-24.
Industry revenue has grown at a CAGR of 8.9 % over the past five years, to reach an estimated $1.6bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
InfraBuild | 345.0 | |
BlueScope Steel | 191.7 |
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Industry revenue is measured across several distinct product and services lines, including Small-diameter welded pipes and tubes, Large-diameter welded pipes and tubes and Seamless pipes and tubes. Small-diameter welded pipes and tubes is the largest segment of the Steel Pipe and Tube Manufacturing in Australia.
Declining demand for oil and gas extraction has constrained growth in small-diameter pipes and tubes
Steel pipe and tube manufacturers fabricate seamless or welded steel pipes and tubes or ferrous metal pipe and tube fittings. Manufacturers mainly using cast or forged iron and steel are excluded from the industry.
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ANZSIC 2122 - Steel Pipe and Tube Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
International competitors continue to challenge steel pipe and tube manufacturers. Also, a sustained decline in sales to construction and mining firms, and the disruptive eme...
Learn about an industry's products and services, markets and trends in international trade.
Downstream markets require different pipe products. Pipes vary in diameter, size and durability, with more concrete material needing more extensive, durable piping.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Large state infrastructure construction projects boost demand for steel pipe and tube products. Concrete buildings require stainless steel pipes that are durable enough to wi...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
High imports increase competition for domestic manufacturers. Domestic manufacturers are competing with international markets’ large economies of scale and significant popula...
Learn about the performance of the top companies in the industry.
Acquisitions are a key strategy for large steel manufacturers to enhance their resource base and expand their capabilities. Larger manufacturers will increasingly look for sm...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Decreased demand from key downstream markets has constrained the performance of steel pipe and tube manufacturers. Construction, mineral exploration and many manufacturers ar...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Global trade tensions and logistical challenges have caused supply chain disruptions for manufacturers, limiting profitability. Difficult trading conditions have disrupted op...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Steel Pipe and Tube Manufacturing industry in Australia is $1.6bn in 2024.
There are 163 businesses in the Steel Pipe and Tube Manufacturing industry in Australia, which has declined at a CAGR of 1.0 % between 2019 and 2024.
The market size of the Steel Pipe and Tube Manufacturing industry in Australia has been growing at a CAGR of 8.9 % between 2019 and 2024.
Over the next five years, the Steel Pipe and Tube Manufacturing industry in Australia is expected to decline.
The biggest companies operating in the Steel Pipe and Tube Manufacturing market in Australia are InfraBuild and BlueScope Steel
Small-diameter welded pipes and tubes and Large-diameter welded pipes and tubes are part of the Steel Pipe and Tube Manufacturing industry.
The company holding the most market share in Australia is InfraBuild.
The level of competition is high and steady in the Steel Pipe and Tube Manufacturing industry in Australia.