How big is the Steel Tube Market | Industry Trends & Forecast 2025

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Code: MTA9270

Publication Date: Sep 2025

What is the size of Steel Tube Market?

According to 6Wresearch internal database and industry insights, the Steel Tube Market was valued at USD 92.1 billion in 2024 and is expected to reach USD 131.8 billion by 2031, growing at a CAGR of 5.2% during 2025-2031.

Steel tube usage in construction, automotive, mechanical engineering, and energy is expected to increase in its general application and drive the market expansion. The rise in investment for infrastructure, pipelines, and industrial manufacturing creates an increase in demand. Technological advances in both seamless tubes and welded tubes lead to increasing application versatility.

Growth Factors for Steel Tube Industry

The growing use of steel tubes for construction and structural applications.
Growing demand for pipelines to transport oil, gas, or water.
The growth of the automotive and mechanical engineering markets.
The evolution of seamless and welded tube production processes.
The rising use of alloy tubes and corrosion-resistant coatings.

Steel Tube Market Trends

Trends in the Steel Tube Market indicate an increasing demand for seamless tubes for high-pressure and high-temperature applications, while welded tubes fill the current metal tube application in the construction sector, as well as in the automotive and low-pressure fluid transport markets. New forms of advanced welding and forming, and cutting technology improve efficiency and quality of products. Additionally, lightweight but strong tubes for use in industry and for automotive purposes are now being adopted. Rising demand for coatings and stainless-steel tubes is helping to support durability and enhance sustainability by using coated tubes.

Emerging Developments in the Steel Tube Market

The Steel Tube Market developments highlight progress in automated tube welding and inspection technologies for higher precision and safety. Manufacturers are adopting eco-friendly production practices to meet sustainability targets and reduce emissions. Strategic collaborations with construction, energy, and automotive companies are strengthening supply chains. Expansion of seamless tube capacity and the development of hybrid alloy tubes are also notable advancements within the market.