Oil Gas Pipeline Fabrication and Construction Market to record USD 59.47 Bn growth -- MEA to account for 36% market share

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Sep 20, 2022, 11:00 ET

NEW YORK, Sept. 20, 2022 /PRNewswire/ -- The global oil and gas pipeline fabrication and construction market size is expected to grow by USD 59.47 billion between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 4.82% during the forecast period. The report considers active rig count number of oil wells, upstream CAPEX, revenue generated by upstream E&P companies, and investments in the oil and gas sector to estimate the market size. Understand the scope of the full report. Download PDF Report Sample

Technavio has announced its latest market research report titled Global Oil Gas Pipeline Fabrication and Construction Market 2022-2026

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The oil gas pipeline fabrication and construction market report covers the following areas:

Oil Gas Pipeline Fabrication and Construction Market Size
Oil Gas Pipeline Fabrication and Construction Market Trends
Oil Gas Pipeline Fabrication and Construction Market Industry Analysis

The market is fragmented due to the presence of several vendors occupying the competitive landscape. Vendors in the market are adopting growth strategies such as M&As, forming partnerships, and business expansion to attain market dominance and enhance their shares. The report identifies A.Hakpark B.V., AECOM, Barnard Construction Co. Inc., Bechtel Corp., Bonatti Joint Stock Co., Fluor Corp., Gateway Companies LLC, KAD Construction LLC, Larsen and Toubro Ltd., Ledcor Group, MasTec Inc., McDermott International Inc., Michels Corp, Primoris Services Corp, Shengli Oil and Gas Pipe Holdings Ltd., Snelson Companies Inc., Strike Inc., Sunland Construction Inc., Tenaris SA, and AES Corp. as dominant vendors.

Growing natural gas consumption has been instrumental in driving the growth of the market. The demand for natural gas is on the rise globally, especially in developing regions such as APAC. This is due to the rising need for energy security and environmental benefits associated with the use of natural gas. By 2030, the consumption of natural gas is expected to be significant compared to all fuel types. Thus, the rising consumption of natural gas is expected to increase the demand for oil and gas pipeline fabrication and construction during the forecast period.

However, issues related to pipeline transportation might hamper the market growth. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here

The global oil gas pipeline fabrication and construction market is segmented as below:

Application

The market growth in the oil segment will be significant over the forecast period. The segment is driven by the increasing consumption of oil. The global oil consumption was increased to 5.5 million barrels per day in 2021. This is expected to further increase by 3.3 million barrels per day in 2022. The increased application of petroleum-based products in various industries is propelling the market demand in the segment.

Geography

The Middle East and Africa
North America
Europe
APAC
South America

The Middle East and Africa is the dominant region, occupying 36% of the global market share. The region has a large number of pipeline projects that have been planned or are in progress. In addition, the increased investments in unconventional natural gas reserves and rising construction activities will have a positive impact on the growth of the regional market.

Oil Gas Pipeline Fabrication and Construction Market 2022-2026: Key Highlights

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist oil gas pipeline fabrication and construction market growth during the next five years
Estimation of the oil gas pipeline fabrication and construction market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the oil gas pipeline fabrication and construction market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of oil gas pipeline fabrication and construction market vendors

Related Reports:

Oil Gas Pipeline Fabrication And Construction Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 4.82%
Market growth 2022-2026	USD 59.47 billion
Market structure	Fragmented
YoY growth (%)	12.92
Regional analysis	The Middle East and Africa, North America, Europe, APAC, and South America
Performing market contribution	The Middle East and Africa at 36%
Key consumer countries	US, Canada, Saudi Arabia, China, and Russia
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	A.Hakpark B.V., AECOM, Barnard Construction Co. Inc., Bechtel Corp., Bonatti Joint Stock Co., Fluor Corp., Gateway Companies LLC, KAD Construction LLC, Larsen and Toubro Ltd., Ledcor Group, MasTec Inc., McDermott International Inc., Michels Corp, Primoris Services Corp, Shengli Oil and Gas Pipe Holdings Ltd., Snelson Companies Inc., Strike Inc., Sunland Construction Inc., Tenaris SA, and AES Corp.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments

Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application

Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application

5.3 Oil - Market size and forecast 2021-2026

Exhibit 28: Chart on Oil - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Data Table on Oil - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Chart on Oil - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Oil - Year-over-year growth 2021-2026 (%)

5.4 Gas - Market size and forecast 2021-2026

Exhibit 32: Chart on Gas - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Data Table on Gas - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Chart on Gas - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Gas - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Application

Exhibit 36: Market opportunity by Application ($ billion)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison

7.3 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 42: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 43: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 44: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026

Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026

Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 APAC - Market size and forecast 2021-2026

Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026

Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 Saudi Arabia - Market size and forecast 2021-2026

Exhibit 66: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
Exhibit 67: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
Exhibit 68: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)

7.10 Russia - Market size and forecast 2021-2026

Exhibit 70: Chart on Russia - Market size and forecast 2021-2026 ($ billion)
Exhibit 71: Data Table on Russia - Market size and forecast 2021-2026 ($ billion)
Exhibit 72: Chart on Russia - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Russia - Year-over-year growth 2021-2026 (%)

7.11 China - Market size and forecast 2021-2026

Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

7.12 Canada - Market size and forecast 2021-2026

Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 85: Overview on factors of disruption

9.4 Industry risks

Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 87: Vendors covered

10.2 Market positioning of vendors

Exhibit 88: Matrix on vendor position and classification

10.3 Barnard Construction Co. Inc.

Exhibit 89: Barnard Construction Co. Inc. - Overview
Exhibit 90: Barnard Construction Co. Inc. - Product / Service
Exhibit 91: Barnard Construction Co. Inc. - Key offerings

10.4 Bechtel Corp.

Exhibit 92: Bechtel Corp. - Overview
Exhibit 93: Bechtel Corp. - Product / Service
Exhibit 94: Bechtel Corp. - Key news
Exhibit 95: Bechtel Corp. - Key offerings

10.5 Gateway Companies LLC

Exhibit 96: Gateway Companies LLC - Overview
Exhibit 97: Gateway Companies LLC - Product / Service
Exhibit 98: Gateway Companies LLC - Key offerings

10.6 Larsen and Toubro Ltd.

Exhibit 99: Larsen and Toubro Ltd. - Overview
Exhibit 100: Larsen and Toubro Ltd. - Business segments
Exhibit 101: Larsen and Toubro Ltd. - Key news
Exhibit 102: Larsen and Toubro Ltd. - Key offerings
Exhibit 103: Larsen and Toubro Ltd. - Segment focus

10.7 Ledcor Group

Exhibit 104: Ledcor Group - Overview
Exhibit 105: Ledcor Group - Product / Service
Exhibit 106: Ledcor Group - Key offerings

10.8 MasTec Inc.

Exhibit 107: MasTec Inc. - Overview
Exhibit 108: MasTec Inc. - Business segments
Exhibit 109: MasTec Inc. - Key offerings
Exhibit 110: MasTec Inc. - Segment focus

10.9 Shengli Oil and Gas Pipe Holdings Ltd.

Exhibit 111: Shengli Oil and Gas Pipe Holdings Ltd. - Overview
Exhibit 112: Shengli Oil and Gas Pipe Holdings Ltd. - Business segments
Exhibit 113: Shengli Oil and Gas Pipe Holdings Ltd. - Key offerings
Exhibit 114: Shengli Oil and Gas Pipe Holdings Ltd. - Segment focus

10.10 Snelson Companies Inc.

Exhibit 115: Snelson Companies Inc. - Overview
Exhibit 116: Snelson Companies Inc. - Product / Service
Exhibit 117: Snelson Companies Inc. - Key offerings

10.11 Sunland Construction Inc.

Exhibit 118: Sunland Construction Inc. - Overview
Exhibit 119: Sunland Construction Inc. - Product / Service
Exhibit 120: Sunland Construction Inc. - Key offerings

10.12 Tenaris SA

Exhibit 121: Tenaris SA - Overview
Exhibit 122: Tenaris SA - Business segments
Exhibit 123: Tenaris SA - Key offerings
Exhibit 124: Tenaris SA - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 125: Inclusions checklist
Exhibit 126: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 127: Currency conversion rates for US$

11.4 Research methodology

Exhibit 128: Research methodology
Exhibit 129: Validation techniques employed for market sizing
Exhibit 130: Information sources

11.5 List of abbreviations

Exhibit 131: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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