In 2023, the production value of welded steel tubes and pipes with a non-circular cross-section and a diameter under 406.4 mm in France stood at €50 million. The forecast from 2024 to 2028 shows a consistent upward trend. The production value is expected to rise from €60.981 million in 2024 to €107.39 million in 2028. Year-on-year, this indicates growth rates of 19.31% for 2025, 16.01% for 2026, 13.67% for 2027, and 11.88% for 2028. The compound annual growth rate (CAGR) of the forecast period is 14.39%.
Future trends to watch for include:
- Technological advancements that could reduce production costs and thus influence pricing and competition.
- Potential environmental regulations impacting the manufacturing process or material usage.
- Market demand fluctuations due to global economic conditions or shifts in related industries like automotive or construction.
