Global Automotive Stainless Steel Tube Market by Product (Seamless, Welded) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global automotive stainless steel tube market was valued at USD 3.37 Million in 2015. It is expected to grow at 3.9% CAGR from 2016-2024. Stainless steel is a primary material in the automotive industry due to its high strength-to weight ratio, which helps reduce the overall vehicle's weight.

Stainless steel tubes are used in diesel spark plugs and motor block reheating. They are highly durable and have excellent corrosion resistance.

Market growth is expected to be the main driver. The industry will be boosted by rising vehicle demand from emerging countries like China and India over the forecast period. The industry has also been supported by government-backed programs & foreign investment, innovative marketing strategies and the recovery of economies.

Growth is expected to be driven by factors like industry growth and strict regulations regarding vehicle safety, fuel economy, and vehicle strength. This allows for increased vehicle strength and kerb weight.

High manufacturing costs are expected to slow down market growth. High manufacturing costs can lead to product prices that are higher than those of its competitors, such as aluminum and nickel. The product's high price is likely to limit market growth.

Product Insights

The two main product types on the market were seamless and welded. The tube is made by welding the seam. Seamless products don't have a longitudinal seam, so they are not susceptible to cracking or leaking.

With a 95.7% volume share, welded tubes dominated 2015's market. They are cheaper because they are easier to find, and therefore have a shorter waiting time. They have a thicker wall than seamless products. They can also withstand extreme pressures and temperatures, making them suitable for important automotive components like exhaust systems.

From 2016 to 2024, the seamless stainless steel tube will grow at a CAGR of 7.9%. They are very resistant to corrosion because they don't require welding. They aren't as popular as welded products due to their high price.

Regional Insights

Asia Pacific was the region with the highest volume share for automotive stainless steel tubes in 2015. The region's booming automotive industry has led to a growing demand for seamless and welded stainless steel tubes. This region is expected to grow the fastest over the forecast period.

In 2015, the U.S. dominated North American automotive stainless-steel tube market. The largest share of this market was held by seamless products, but the CAGR for seamless products is highest from 2016 to 2024.

Some of the world's most prominent automobile manufacturers, such as Ford Motors or General Motors, are located in North America. This region is home to many other European and Asian automobile manufacturers, including Honda, Hyundai, BMW, Honda and Honda.

Europe, which had the second largest market share in 2015 is expected to grow the fastest in this market over the forecast period. These products are in greater demand in countries like Germany and the UK, thanks to their growing automotive industries.

Market Share Insights & Key Companies

Due to both small and large-scale manufacturers around the globe, the industry is well-consolidated. The market's largest service providers were Nippon Steel & Sumitomo Metal Corporation Sandvik Group, Sandvik Group, Sandvik Group, Sandvik Group, ThyssenKrupp, ArcelorMittal and ThyssenKrupp.

Tubacex, Handytube Corporations, Plymouth Tube Companys, Fischer Groups, Maxim Tubes Company Private Limited. Ltd., JFE Steel Corporation and Penn Stainless Products Inc. are some of the other prominent names in this industry.

These players used organic and inorganic strategies, such as expansions, mergers & acquisitions, product development, and agreements, collaborations and joint ventures to increase their product range, geographic reach, and, consequently, their shares.

The Pressurfect series, a stainless steel tube made by Sandvik Group, was launched in August 2015. It is used for GDI (Gasoline direct Injection) fuel systems. This range is capable of handling high pressures, and it also offers weight reductions of up to 40%.

ArcelorMittal introduced Fortiform in September 2014. This new range of steel products was designed for the automotive market. The range provided significant safety improvements for vehicles and reduced the vehicle's weight. This increased the company's product range.

Automotive Stainless Steel Tube Market Report Scope

These are the most frequently asked questions about this report

b. Global automotive stainless steel tube markets were valued at USD 3.8 Million in 2019, and are expected to grow to USD 4.0 Million in 2020.

b. Global automotive stainless steel tube markets are expected to expand at a compound annual rate of 4.0% between 2019 and 2025, reaching USD 4.9million by 2025.

b. With a 94% share in 2019, welded tubes dominated automotive stainless steel tube markets. With a 94% share of the automotive stainless steel tube market in 2019, welded tubes dominated.

b. Nippon Steel & Sumitomo Metal Corporation and Sandvik Group are some of the key players in the automotive stainless-steel tube market. Ltd., JFE Steel Corporation. ChelPipe. Penn Stainless Products Inc.., Bri-Stel Manufacturing. and Centravis.

b. The key factors driving the growth of the automotive stainless steel tube industry are stringent regulations regarding vehicle safety, fuel economy, and vehicle strength. This allows for increased vehicle strength and a lower kerb weight.

Up Market Research published a new report titled “Automotive Stainless Steel Tube Market research report which is segmented by Product (Seamless, Welded), By Players/Companies Penn Stainless Products Inc, JFE Steel Corporation, Handytube Corporation, ThyssenKrupp, Tubacex, Fischer Group, Maxim Tubes Company Pvt Ltd, Bri-Steel Manufacturing, Plymouth Tube Company, Nippon Steel & Sumitomo Metal Corporation, ArcelorMittal, Sandvik Group, Centravis, ChelPipe”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Automotive Stainless Steel Tube Market Report Segments:

The market is segmented by Product (Seamless, Welded).

Automotive Stainless Steel Tube Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Automotive Stainless Steel Tube Market

Overview of the regional outlook of the Automotive Stainless Steel Tube Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Automotive Stainless Steel Tube Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Automotive Stainless Steel Tube Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Seamless

                2. Welded

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Stainless Steel Tube Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Automotive Stainless Steel Tube Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.