Precision Tubes Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Precision Tubes Market: By Product Type (Thick Wall, Thin Wall)), By End User (Automotive, Energy, Mechanical Engineering, Medical, Others), and Geography

 

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Report

Description

The Precision Tubes Market was valued at USD 22461 million in 2020 and is projected to reach USD 29760 million by 2027, at a CAGR of 4.2% during 2021-2027. Precision Tubes Market is a heat treatment procedure that involves heating small-diameter thick-walled seamless metal tubes to 45 °C above Ac3 and then cooling for a period of time in static air. To achieve mechanical efficiency requirements, structural elements requiring mechanical qualities must be quenched after normalisation. To remove the internal tension generated during normalising, medium and high alloy steels, as well as massive forgings, require high temperature tempering following normalising..Annealing treatment of small-diameter thick-walled tubes of seamless metal tubes is a heat treatment method in which metals and alloys are heated to an acceptable temperature for a set period of time and then cooled gently. The sub-eutectoid metal is ferrite plus flaky pearlite after annealing, while the eutectoid metal, also known as hypereutectoid steel, is granular pearlite. The technological path of Billet, perforation, three-roll cross rolling, rolling or extrusion, tube-to-tube diameter, cooling, straightening, stress check, and marking Pipe for petrochemical commerce is mostly used for drilling. Boiler tube, Cracking tube Bearings, as well as high-precision tube structures for automobiles, tractors, and aircraft. The formulation is completely nonlinear and can handle massive stresses and displacements. Moreover, rise in the R&D for the development of newer products such as lightweight, heat transfer, and recyclable products, technological advancements in the precision tube manufacturing process, and development of cost effective products are bolster the market over the forecast timeframe.

 


Precision Tubes Market

MARKET SUMMARY
-
4.2%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 4.2%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Precision Tubes Market

  • The report gives historical, current, and future market sizes (US$ Mn) on the basis of product type, end user, and region.
  • This report studies global precision tubes market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • In addition, global precision tubes market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition.
  • Moreover, PBI analyzed global precision tubes market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
  • Key stakeholders of the report include suppliers, manufacturers, marketers, policy makers, and end users engaged in global precision tubes.
Market Key Players
  • Idexx Health and Science, LLC
  • Shenzhen Foreach Technology Co., Ltd.
  • Trajan Scientific and Medical
  • Hamilton Company
  • Tata Steel
  • SSAB
  • Vallourec
  • Pennar
  • Superior Tube
  • Hi-Tech Pipes
  • Tube Investments of India
Growth

Precision Tubes Market

Increase in the demand for precision tubes from end is user industries such as automotive, energy, and medical industries is a major factor surge the growth of market over the forecast years. Precision tubes are widely used in manufacturing of shock absorber, tie rods, gas spring applications, propeller shafts, side impact beam, stem steering system and others. Moreover, in aeronautics industry, precision tubes are widely used in manufacturing of heat sensors, pitot tubes, temperature sensors, displacement sensors, and others. In addition, these products also used in measurement and control devices, medical instruments, exhaust sensors, and electronic tubes for various end user industries.


North-America Got Significant Share

Precision Tubes Market

Global precision tubes market report gives comprehensive outlook on precision tubes across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. n 2018, North America accounted for largest share in global precision tubes market and the market is increasing at 10.8% CAGR over the forecast period owing to increase in the demand from end user industries in the region. Moreover, presence of huge number of market players in USA and Canada, development of advanced products, rise in focus on development of advanced instruments, and increase in R&D expenditure are propel the market revenue over the forecast years. Europe precision tubes market projected to reach US$ 220.4 Mn by 2025 owing to increase in the adoption of advanced products and increase in number of end user industries in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Key

Key Findings of the Report

Precision Tubes Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Idexx Health and Science, LLC
  • Shenzhen Foreach Technology Co., Ltd.
  • Trajan Scientific and Medical
  • Hamilton Company
  • Tata Steel
  • SSAB
  • Vallourec
  • Pennar
  • Superior Tube
  • Hi-Tech Pipes
  • Tube Investments of India

Description

The Precision Tubes Market was valued at USD 22461 million in 2020 and is projected to reach USD 29760 million by 2027, at a CAGR of 4.2% during 2021-2027. Precision Tubes Market is a heat treatment procedure that involves heating small-diameter thick-walled seamless metal tubes to 45 °C above Ac3 and then cooling for a period of time in static air. To achieve mechanical efficiency requirements, structural elements requiring mechanical qualities must be quenched after normalisation. To remove the internal tension generated during normalising, medium and high alloy steels, as well as massive forgings, require high temperature tempering following normalising..Annealing treatment of small-diameter thick-walled tubes of seamless metal tubes is a heat treatment method in which metals and alloys are heated to an acceptable temperature for a set period of time and then cooled gently. The sub-eutectoid metal is ferrite plus flaky pearlite after annealing, while the eutectoid metal, also known as hypereutectoid steel, is granular pearlite. The technological path of Billet, perforation, three-roll cross rolling, rolling or extrusion, tube-to-tube diameter, cooling, straightening, stress check, and marking Pipe for petrochemical commerce is mostly used for drilling. Boiler tube, Cracking tube Bearings, as well as high-precision tube structures for automobiles, tractors, and aircraft. The formulation is completely nonlinear and can handle massive stresses and displacements. Moreover, rise in the R&D for the development of newer products such as lightweight, heat transfer, and recyclable products, technological advancements in the precision tube manufacturing process, and development of cost effective products are bolster the market over the forecast timeframe.

 

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX