The forecast for the production of precision welded circular tubes and pipes of less than 406.4 mm external diameter in Italy, made of steel other than stainless, shows a steady increase from 2024 to 2028. Starting at 2.034 billion kilograms in 2024, production is expected to rise consistently, reaching 2.2356 billion kilograms by 2028. This indicates an average growth rate, compounded annually, over the five-year period.
Year-on-year growth ranges from approximately 2.5% to 2.4% for each subsequent year. The industry showed strong potential even before 2024, with lower figures in 2023 providing a basis for forecasted increases.
Future trends to watch for include:
- Technological advancements in production methods.
- Global steel price fluctuations that could impact costs.
- Changes in regulations impacting manufacturing and environmental standards.
- Shifts in market demand driven by industrial applications and infrastructure projects.
