The global automotive stainless steel tube market is estimated at USD 4.1 billion in 2022 and is projected to reach a revised size of USD 5.4 billion by 2030, at a CAGR of 3.4%, amidst changing business landscape post-COVID-19 2022- During 2030. Welded Pipes, one of the market segments analyzed in the report, is projected to grow at a CAGR of 3.4% to reach USD 4.6 billion by the end of the analysis period. The growth of the seamless pipe segment is realigned to a revised CAGR of 3.9% over the next 8-year period, taking into account the continued recovery post-pandemic.

The U.S. automotive stainless steel tubing market is estimated at $1.1 billion by 2022. China, the second largest economy in the world, is expected to reach a market size of USD 1.1 billion by 2030, growing at a CAGR of 5.7% during the analysis period 2022-2030. Other notable geographic markets include Japan and Canada, which are expected to grow by 1.8% and 2.8%, respectively, between 2022 and 2030. In Europe, Germany is projected to grow at a CAGR of approximately 2.3%.