In this report, the Global Pipe Fittings market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Pipe Fittings market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
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.
Market Analysis and Insights: Global Pipe Fittings Market
In 2019, the global Pipe Fittings market size was US$ 16210 million and it is expected to reach US$ 21400 million by the end of 2026, with a CAGR of 4.0% during 2021-2026.
Global Pipe Fittings Scope and Market Size
Pipe Fittings market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Pipe Fittings market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Pipe Fittings market is segmented into
Metal Pipe Fittings
Plastic Pipe Fittings
Segment by Application, the Pipe Fittings market is segmented into
Oil & Gas
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Pipe Fittings Market Share Analysis
Pipe Fittings market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Pipe Fittings product introduction, recent developments, Pipe Fittings sales by region, type, application and by sales channel.
The major companies include:
GF Piping Systems
JFE Pipe Fitting
Reasons to Buy This Research Report
- Complete access to Global Pipe Fittings market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Pipe Fittings markets including North America, Europe, MEA and Asia Pacific
- Global Pipe Fittings Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Pipe Fittings market segmentation
- Key trends, drivers and restraints for global Global Pipe Fittings market
- Challenges to market growth for Global Pipe Fittings manufacturers
- Key market opportunities of Global Pipe Fittings Industry
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