Steel Pipe and Tube Manufacturing in Australia - Market Research Report (2014-2029)
Melbourne, Australia
Last Updated: February 2024
ANZSIC C2122Revenue
$1.6bn
Past 5-Year Growth
Profit
$XX.Xm
Employees
1,895
Businesses
163
Wages
$XXX.Xm
Steel Pipe and Tube Manufacturing in Australia industry analysis
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.
Trends and Insights
- International competitors continue to challenge steel pipe and tube manufacturers. Also, a sustained decline in sales to construction and mining firms, and the disruptive emergence of 3D printing have all affected revenue.
- Downstream markets require different pipe products. Pipes vary in diameter, size and durability, with more concrete material needing more extensive, durable piping.
- Large state infrastructure construction projects boost demand for steel pipe and tube products. Concrete buildings require stainless steel pipes that are durable enough to withstand many forces.
- High imports increase competition for domestic manufacturers. Domestic manufacturers are competing with international markets’ large economies of scale and significant populations that allow them to charge market-leading prices.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 8.9 % over the past five years, to reach an estimated $1.6bn in 2024.
Trends and Insights
The flow-on effects of the pandemic continue to dampen construction activity
- Since the onset of the COVID-19 pandemic, construction and other downstream markets have faced supply chain complications, limiting demand for steel pipe and tube products.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Major infrastructure growth is projected to boost demand for steel pipe and tube products
- Demand in construction is anticipated to flourish over the five years through 2028-29 as the economy continues to sustain recovery from the pandemic.
Biggest companies in the Steel Pipe and Tube Manufacturing in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
InfraBuild | 345.0 | |
BlueScope Steel | 191.7 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
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.
Trends and Insights
Declining demand for oil and gas extraction has constrained growth in small-diameter pipes and tubes
- Small-diameter pipes and tubes are formed through the coalescence of steel strips or plates after being compressed into small folds. The diameter-to-wall thickness ratio of small-diameter pipes and tubes is at least 10:1.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Iron and Steel Casting in Australia
- Iron and Steel Forging in Australia
Complementors
- Iron Smelting and Steel Manufacturing in Australia
- Structural Steel Fabricating in Australia
International industries
- Metal Pipe & Tube Manufacturing in the US
- Metal Pipe & Tube Manufacturing in Canada
- Steel Tube, Pipe & Related Fitting Manufacturing in the UK
- Iron & Steel Casting in China
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Small-diameter welded pipes and tubesLarge-diameter welded pipes and tubesSeamless steel pipes and tubesStainless steel pipes and tubesPipe fittings and other products (valves and other pipe parts)Companies
InfraBuildBlueScope SteelPurchase this report to view all 2 major companies in this industry.
Related Terms
COALESCENCEECCENTRICITYBILLETHIGH-DENSITY POLYETHYLENE (HDPE) REINFORCED THERMOPLASTIC PIPES (RTP)Industry Code
ANZSIC 2122 - Steel Pipe and Tube Manufacturing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
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...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Downstream markets require different pipe products. Pipes vary in diameter, size and durability, with more concrete material needing more extensive, durable piping.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
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...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
High imports increase competition for domestic manufacturers. Domestic manufacturers are competing with international markets’ large economies of scale and significant popula...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
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...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of InfraBuild's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of BlueScope Steel's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for InfraBuild, and factors influencing its performance in the industry
- Description and key data for BlueScope Steel, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Decreased demand from key downstream markets has constrained the performance of steel pipe and tube manufacturers. Construction, mineral exploration and many manufacturers ar...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Global trade tensions and logistical challenges have caused supply chain disruptions for manufacturers, limiting profitability. Difficult trading conditions have disrupted op...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Steel Pipe and Tube Manufacturing industry in Australia in 2024?
The market size of the Steel Pipe and Tube Manufacturing industry in Australia is $1.6bn in 2024.
How many businesses are there in the Steel Pipe and Tube Manufacturing in Australia industry 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.
Has the Steel Pipe and Tube Manufacturing industry in Australia grown or declined over the past 5 years?
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.
What is the forecast growth of the Steel Pipe and Tube Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Steel Pipe and Tube Manufacturing industry in Australia is expected to decline.
What are the biggest companies in the Steel Pipe and Tube Manufacturing market in Australia?
The biggest companies operating in the Steel Pipe and Tube Manufacturing market in Australia are InfraBuild and BlueScope Steel
What does the Steel Pipe and Tube Manufacturing in Australia include?
Small-diameter welded pipes and tubes and Large-diameter welded pipes and tubes are part of the Steel Pipe and Tube Manufacturing industry.
Which companies have the highest market share in the Steel Pipe and Tube Manufacturing in Australia?
The company holding the most market share in Australia is InfraBuild.
How competitive is the Steel Pipe and Tube Manufacturing industry in Australia?
The level of competition is high and steady in the Steel Pipe and Tube Manufacturing industry in Australia.
