Pipe Fittings Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Recession Impact Analysis)
ID : MRU_
23355 | Date :
Jan, 2023 | Pages :
168 | Region : Global |
Publisher : RI
Pipe fitting is the occupation of installing or repairing piping or tubing systems that convey liquid, gas, and occasionally solid materials. This work involves selecting and preparing pipe or tubing, joining it together by various means, and the location and repair of leaks.
Pipe fitting work is done in many different settings: HVAC, manufacturing, hydraulics, refineries, nuclear-powered Supercarriers and Fast Attack Submarines computer chip fab plants, power plant construction and other steam systems.
Pipe components are typically used in laying pipelines that provide means of transport for fluids into and out of the building. Given that efficient Pipe is a critical requirement for all buildings, demand for pipe fittings and fixtures is dependent on the level of construction activity, which in turn is influenced by the overall health of the economy. The level of economic growth and construction activity primarily dictates market prospects for pipe fittings.
Rapid urbanization in developing countries will continue to drive growth in the market, since strong urban concentration will trigger increases in infrastructure expenditure, and urban planning. The creation of large megacities involves the construction of high-rise buildings and skyscrapers, which in turn increases prospects for pipe work, thus driving market prospects for pipe fittings and fixtures.
The industry concentration is relatively high in USA. Manufactures are distributed around the USA. Leading players in Pipe fitting industry are Mueller Water Products, Mueller Industries, McWane and Charlotte Pipe. Mueller Water Products is the largest manufacturer, with the sales market share of 14.05% in 2015. The top four companies occupied about 41.63% sales share of the market in 2015.
Under the influence of raw material, market competitions and economic conditions, the price of Pipe fitting is increasing recently because of the downstream demand. In the next few years, we predict that price will continue in an unstable trend. As competition intensifies, prices gap between different applications will go a larger gap.
The Global Pipe Fittings Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
In the global Pipe Fittings Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Mueller Water Products
Mueller Industries
McWane
Charlotte Pipe
Ward Manufacturing (Hitachi)
RWC USA
Pennsylvania Machine
Westbrook Manufacturing
Lasco Fitting
Kohler
Grinnell Pipe
Merit Brass
Plasson USA
The Phoenix Forge Group
U.S. Metals
Core Pipe
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Metal Pipe Fittings
Plastic Pipe Fittings
Other Pipe Fittings In Market segmentation by applications :
HVAC
Manufacturing
Fire protection systems
Household
Other steam systems
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Pipe Fittings Market for the forecast period 2023 - 2030?
• What are the driving forces in the Pipe Fittings Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Pipe Fittings industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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