Pipe Manufacturing Machines Market Forecast and CAGR
Liquids and gases play an important role in different industries. Thus, the transportation of the same becomes a crucial task. To serve the purpose of transportation pipes are used. Using pipes is less damaging to the environment as other modes of transport are not needed to transport materials.
Plus, they are more economical and convenient. Also, their longevity and reliability make them a likable product by many.
Thus, the use of pipes is widespread across industries. Pipes are used in the agricultural sector for irrigation, portable water supply sector, drainage and water supply sector, industrial applications and chemical transportation sector, and carrying cable and electrical conducts sector.
Pipes are used widely as they carry materials safely. The size of pipes, specifically their length, and their capacity of holding liquids without letting them spill makes them extremely useful. In addition to this, certain pipes are flame and corrosion-resistant.
Different types of pipes like PEX pipe, PVC pipe, rigid copper pipe, flexible copper pipe, galvanized steel pipes will boost the pipe market due to their functionality quotient.
For instance, Hindustan Plastic & Machine Corporation, a key player, is focusing on machines that would manufacture pipes in bulk.
The end-user demand for bulk production has increased due to the increase in production of various sectors. Thus, the company’s HDPE pipe extruder produces small are large numbers of pipes within a short period of time.
Another key player, Windsor Machines Limited, is focusing on manufacturing machines that would produce heat-sensitive pipes. The end-users demand for pipes that are resistant to weather changes is increasing as pipes are exposed to the outside weather.
Thus, the company has manufactured a Twin Screw pipe extrusion machine that facilitates uniform pumping and is resistant to heat.
Pipes are used for the conveyance of liquids and gases (fluids), slurries, powders and masses of small solids, which includes water, heating and cooling fluids, wastewater, chemicals, gases, foodstuffs, compressed air, etc.
The application of pipes in various industries such as automotive, agriculture, textile, healthcare and HVAC contributes to their high demand globally.
The gap in the demand and supply of pipes in the market has compelled manufacturers to increase the production capacity, which in turn is providing impetus to the growth of the pipe manufacturing machines market.
The manufacturing of pipes is done with the help of the extrusion process. A pipe manufacturing machine includes a rotary furnace, billet cantering, piercing, quenching, tempering furnace and end cutting machine.
Various types of pipe manufacturing machines are available in the market, depending on the process used in the manufacture such as the Mandrel Mill Process and Mannesmann Plug Mill Pipe Process.
The forged process is used to manufacture seamless pipes where the welded pipe manufacturing machines have a different arrangement.
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Key Factors Influencing Pipe Manufacturing Machine Demand
The increasing need to modernize existing pipelines in industrial and residential applications to ensure the cost-effective maintenance of pipelines and surge operational efficiency is one of the major factors driving the demand for pipes and subsequently, leading to the growth of the pipe manufacturing machines market.
Also, growing industrialization and expansion of the construction industry, especially in emerging economies, will fuel the demand for pipe manufacturing machines over the forecast period.
Substantial investments towards improving civic infrastructure are also expected to trigger the growth of the overall pipe manufacturing machines market in many regions across the world.
The increasing adoption of new and advanced technologies and automated systems to decrease the operational cost of production and increase the profit margin is also fueling the growth of the new pipe manufacturing machines market. Also, in agriculture, the subsidies given by the governments in various regions for better irrigation facilities will also contribute towards the growth of pipes and tubes and in turn lead to the growth of pipe manufacturing machines over the forecast period.
On the other hand, the high cost of pipe manufacturing machines may also retard the growth of the pipe manufacturing machines market to a certain extent.
However, the current trend of the installation of better technology equipment for improved results will contribute towards the growth of the demand for pipe manufacturing machines during the forecast period.
Europe is the largest market for pipe manufacturing machines followed by North America and Asia Pacific.
The market for pipe manufacturing machines in China is expected to register a high growth rate, owing to the recent initiatives taken by the China government to make the country a manufacturing hub.
North America and the Middle East are major markets for pipe manufacturing machines where the market is exhibiting significant growth, owing to the increasing production capacity of oil and gas processing plants in this region.
Pipe manufacturing machines are growing at a moderate rate in Asia Pacific, mainly owing to the increased production capacity of China and India.
The rest of the world is estimated to account for a relatively small share of the pipe manufacturing machines market.
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Some of the market participants operating across the value chain of the global pipe manufacturing machines market are:
- Hindustan Plastic & Machine Corporation
- Windsor Machines Limited
- Drip Research Technology Solutions (DRTS)
- Toshiba Machine Co., Ltd
- Ased srl
- KraussMaffei Group
- Adescor Inc.
- CRC-Evans, (Stanley Oil & Gas Company)
- SICA S.p.A.
- SRET Equipment Co. Ltd
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast.
Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study.
Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Afric
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain.
Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
On the basis of material type of pipe, the pipe manufacturing machines market can be segmented as:
- Stainless steel
On the basis of the type, the pipe manufacturing machines market can be segmented as:
- Welded Steel Pipe
- Seamless Pipes
On the basis of the manufacturing process, the pipe manufacturing machines market can be segmented as:
- Mandrel Mill Process
- Mannesmann Plug Mill Pipe Process
- Forged Process
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
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