Pipe Threader Rental Market
Pipe Threader Rental Market Analysis By Type (Hand Operated and Power Operated), By Dies Type (Taper, Plug, and Bottom) and By Region - Market Insights 2023 to 2033
Analysis of Pipe Threader Rental Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Pipe Threader Rental Market Growth Outlook (2023 to 2033)
Pipe threader rental services demand is expanding and is poised to grow at a rate of 3.8% during the forecast period and reach a valuation of US$ 882.7 million in 2033 from US$ 607.9 million in 2023.
Pipe threaders are one of the crucial tools that have the capability and accuracy to cut threads on the ends of pipes to both the male and female attachment. It can be applied in a wide range of ways in a variety of applications in different industries including plumbing, mining, and even heavy industrial applications.
A pipe threader allows the end user to complete plumbing or other related projects rapidly and also serves as a handy tool for emergency work. Pipe threader rental services make these tools easily accessible to a wider range of customers. Thus, renting a pipe threader offers the installer suitable options over purchasing.
Pipe Threader Rental Market Size (2022A)
US$ 585.6 Million
Estimated Market Value (2023E)
US$ 607.9 Million
Forecast Market Value (2033F)
US$ 882.7 Million
Global Market Growth Rate (2023-2033)
US Market Growth Rate (2023-2033)
China Projected Market Value (2033F)
US$ 211.0 Million
Key Companies Profiled
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Historic and Future Pathway Analysis for the Pipe Threader Rental Market
A pipe threader is a device used to cut grooves or threads into the end of a metal pipe. These grooves are similar to those found on a traditional screw and serve the same basic function. A pipe threader allows plumbers or builders to fasten a length of pipe securely to a coupling or connector. The threads on the pipe fit into a pattern of threads in the connector, allowing users to screw the two components together by hand.
Before threading the pipe, plumbers use a pipe-cutting tool to cut the pipe to the desired length. The end of the pipe is then inserted into the pipe threader. Special cutting tools, or dies, within the threader are used to create the proper thread profile and depth.
- Short Term (2023-2026): With ongoing construction projects and infrastructure development, there is a consistent need for pipe threaders, driving the demand for rental services as renting is cost-effective and sustainable in nature.
- Medium Term (2026-2029): Oil and gas pipeline projects and investment in the construction industry across emerging economies to drive market growth during the forecast period.
- Long Term (2029-2033): Efforts led by market players to curb the demand pool by expanding their product portfolio by adding technologically updated equipment and enhancing digital presence to reach out to more customers are likely to drive the market growth in the long run.
On the back of the aforementioned facts, the pipe threader rental market is expected to grow at a CAGR of 3.8% during the forecast period from 2023-2033, According to the Fact.MR, a market research and competitive intelligence provider.
Market share analysis of pipe threader rental based on the type and region is provided in a nutshell in the above image. Under the type segment, the power-operated sub-segment is expected to dominate with a 68.3% market share in 2023.
Market Dynamics Outlook
“Rising Construction Activities to Support Pipe Threader Rental Market Growth”
A pipe threader is specially designed to cut the pipes to both ends and it is widely applied in a wide range of construction activities such as pipelines, tanks, power plants, and other construction industry applications.
The global construction market is set for strong growth in forthcoming years, due to the rising populations, rapid urbanization in emerging markets, and government spending on infrastructure. The construction sector has reached a critical juncture. Between new technologies, innovative delivery methods, and the explosion of greener practices, the construction industry is poised to embrace and benefit from advancement in new technologies.
Rising construction activities and infrastructure development projects require the construction and maintenance of various pipeline structures. Pipe threaders are essential tools for cutting the edge and repairing pipeline structures. As the number of construction projects increases, so does the demand for pipe threader rental services.
Pipe threader rental services offer time and cost efficiencies to contractors involved in pipeline construction development. Renting pipe threader equipment allows for immediate access, eliminating the need for upfront investment and long-term ownership costs. Rental services also provide technical support and maintenance, ensuring optimal equipment performance without the burden of maintenance and repair expenses. Hence, the growing emphasis on construction activities and infrastructure development drives the demand for pipe threader rental services.
“Factors Affecting the Growth of the Pipe Threader Rental Market”
The pipe threader needs technically skilled workers and well-trained labor to be operated and there is a handful number of workers available in the market which further increases the labor cost, which makes it difficult for rental service providers to invest in heavy machines.
Pipe threaders are expensive to purchase and high initial cost act as a barrier for the rental companies to enter the rental service companies. Further, industrial types of equipment are heavy, posing a challenge for rental companies to translocate from one to another. Difficulties in logistics especially in remote areas limit the availability and restrict the market growth.
These are some of the factors which restrict the demand for renting pipe threader and hinders the growth of the market in the coming years.
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What are the Factors Driving Pipe Threader Rental Demand Across the USA?
The demand for pipe threader rental in the USA is expected to grow in the coming years. This is due to the growth of the construction industry and the need for the most efficient and cost-effective ways to thread pipes. As the construction industry continues to grow so does the need for pipe threaders to be used in a variety of applications such as plumbing, HVAC, and fire protection.
Renting service requires no maintenance cost and helps to avoid the burden of excessive investment. Further, it reduces the transport fleet and rental equipment and maximizes the utilization rate of the equipment. Rental service provides expert training on operating equipment. Thus, contributes to the popularity of rental services in the construction industry
Why Chinese Pipe Threader Rental Market is flourishing?
China is the world’s largest construction industry and its urbanization rate is among the highest in the world and urbanization rate reached 64.7% in 2022.
The construction industry in China is estimated to expand by 3.6% in real terms in 2023, owing to this, the demand for pipe threader rental services is growing as rented equipment is well maintained, and optimized logistics reduce emissions from transport.
China’s 14th Five-Year Plan highlights new infrastructure projects in new urbanizations, energy, water systems, and transportation. According to the International Trade Administration, overall investment in new infrastructure projects from 2021 to 2025 will reach around US$ 4.2 trillion. Owing to this, the demand for pipe threader rental services is growing due to the need for efficient and high-quality construction work.
The significant increase and investment made in the new infrastructure projects will create an immense opportunity for the pipe threader rental service market to grow during the forecast period.
Why Power Operated Type of Pipe Threader Gaining Traction?
Power-operated types of pipe threaders are designed to be highly efficient and productive. They are typically powered by electricity or hydraulics and can be used to thread pipes of various sizes and materials. Power-operated pipe threader has numerous advantages over hand-operated ones. Power-operated pipe threaders can create more accurate threads than manual and ensure that the pipes are properly connected and leaks do not occur.
Power-operated pipe threaders can handle tasks easily, offering a comprehensive solution for edge-cutting. Power operation allows the user to adjust the speed according to the material and size of the pipe. The ability to enhance multiple tasks with a single machine makes power operator pipe threader appealing to contractors and leads to increased demand for rental services
Power-operated types are estimated to account for a market share of 68.3% in 2023 and grow at a CAGR of 3.8% during the forecast period.
Why Demand for Oil and Gas Increase the Renting Service of Pipe Threaders?
The oil and gas industry is continuously evolving and is heavily regulated and the business needs to comply with the safety and environmental regulations.
Further government regulation also increases the cost while purchasing the equipment. Thus renting equipment ensures that operations are in compliance with regulations rather than having to invest in new equipment when a regulation changes.
Thus, renting a pipe threader helps the operators to use the latest technology and models. It is estimated that the oil and gas end use will grow at a CAGR of 4.5% and is likely to account for the market share of 33% in 2023. It is projected that it will reach a valuation of US$ 314.2 million by the end of 2033.
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Eminent Player’s Key Stratagems
Prominent players operating in the global pipe threader rental market are A Plant, Herc Rentals, HSS Hire, Sunbelt Rentals, The Home Depot Rental, United Rentals, and other players
Rental companies supply a variety of pipe threaders to meet the needs of diverse projects in an effort to draw consumers. Market participants make sure that both small- and large-scale projects may use the various types and sizes of threaders in their inventory. Additionally, rental service companies work to give competitive prices to draw clients. Service companies gain a competitive edge by providing flexible renting plans, discounts, and bundle deals.
Fact.MR has provided detailed information about the key rental service providers of pipe threader rental, their total fleet, service portfolio, and revenue growth, in the recently published report.
Segmentation of Pipe Threader Rental Industry Research
By Type :
By Dies Type :
- Taper dies
- Plug dies
- Bottom dies
By Pipe Size :
- Small-Sized (up to 2 inches)
- Medium-Sized (2 inches to 6 inches)
- Large-Sized (6 inches and above)
By End Use :
- Oil and Gas
- water and wastewater management,
- power generation
- chemical processing
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
The pipe threader rental market is expected to grow from US$ 607.9 million in 2023 to US$ 882.7 million in 2033 at a rate of 3.8%.
By type, power-operated is estimated to hold a prominent share of the pipe threader rental market accounting for 68.3% in 2023.
Oil and gas end-use is expected to hold a significant position in the pipe threader rental market accounting for 33.2% market share in 2023.
The Chinese pipe threader rental market is expected to grow at a CAGR of 4.1% during the forecast period and reach a valuation of US$ 211.0 million in 2033.
The Japan pipe threader rental market is likely to grow at a CAGR of 2.5% during the forecast period to reach a valuation of US$ 53.8 million in 2033 from a valuation of US$ 41.9 million in 2023.