DUBLIN–(BUSINESS WIRE)–The “Industrial Tubes – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Industrial Tubes estimated at US$514.3 Billion in the year 2020, is projected to reach a revised size of US$749.8 Billion by 2027, growing at a CAGR of 5.5% over the period 2020-2027.
Steel, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$507.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Steel segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $138.5 Billion, While China is Forecast to Grow at 9% CAGR
The Industrial Tubes market in the U.S. is estimated at US$138.5 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$164.1 Billion by the year 2027 trailing a CAGR of 9.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Select Competitors (Total 36 Featured):
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/jes6rn.
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