Overview and Scope
Pipes and pipe/hose fittings refer to the piping parts that support branch connections, size modifications, and directional changes in pipes. Pipe and pipe/hose fittings are frequently used for tubing and piping applications and for joining two hose sections or joining a hose to a tube.
Sizing and Forecast
The pipes and pipe/hose fittings market size has grown strongly in recent years. It will grow from $295.95 billion in 2023 to $317.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to water and wastewater management, oil and gas exploration, renewable energy projects, infrastructure rehabilitation, globalization of trade, government investments in infrastructure.
The pipes and pipe/hose fittings market size is expected to see strong growth in the next few years. It will grow to $433.97 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to smart cities initiatives, circular economy practices, rise in e-commerce for procurement, focus on water conservation, expansion of oil and gas infrastructure, hydraulic fracturing (fracking) operations. Major trends in the forecast period include integration of 3d printing technologies, advanced material innovations, customization for specific applications, hygienic and sanitary solutions, smart pipe systems, digitalization in manufacturing.
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Segmentation & Regional Insights
The pipes and pipe/hose fittings market covered in this report is segmented –
1) By Type: Pipes, Fittings
2) By Technology: Compression Molding, Injection Molding, Thermoforming, Extrusion, Electro Fusion, Fabricated, Other Types
3) By Application: Water Supply, Pumps And Piping System, Drainage And Sewage Disposal, Sanitation, Transportation Pipes, Other Applications
North America was the largest region in the pipe and pipe/hose fittings market in 2023. The regions covered in the pipes and pipe/hose fittings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increase in construction projects is expected to propel the pipes and pipes/hose fittings market going forward. Construction projects refer to creating and building structures in an organized manner. Pipes and pipes/hose fittings are key components in the construction industry and are chiefly used for conveying fluids used in construction. For instance, in Oxford Economics, a UK-based forecasting and econometric analysis company, the global construction output grew by 6.6%, and the global construction output is expected to grow by 35% by 2030. Further, the global construction market is expected to grow by $4.5 trillion between 2020 and 2030, to reach $15.2 trillion. Therefore, an increase in construction projects will drive the growth of the pipes and pipe/hose fittings market.
Key Industry Players
Major companies operating in the pipes and pipe/hose fittings market report are Advanced Drainage Systems Inc., Aliaxis Group, Amanco Company- Orbia, American Cast Iron Pipe Company, ArcelorMittal S.A., Chevron Phillips Chemical Company LLC, China Lesso Group Holdings Limited, Eaton Hydraulics Inc., EUROPIPE GmbH, EVRAZ plc, Forterra plc, Georg Fischer Ltd., GF Piping Systems Ltd., Hancor Inc., IPEX Inc., Nippon Steel & Sumitomo Metal Corporation, Nibco Inc., Tigre SA, JM Eagle Corporation, Tenaris SA, Sekisui Chemical Co. Ltd., Wienerberger AG, Pipelife International GmbH, Uponor Corporation, National Pipe and Plastics Inc., Rehau AG, Sika AG, Compagnie de Saint-Gobain S.A., Lubrizol Advanced Materials Inc., Victaulic Company
The pipes and pipe/hose fittings market report table of contents includes:
1. Executive Summary
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