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Global Pipe Wrenches Market Expected to Witness a Sustainable Growth over 2018 - QY Research

07-19-2018 12:22 PM CET | Associations & Organizations

Press release from: QYResearch CO.,LIMITED

/ PR Agency: QYRESEARCH
Global Pipe Wrenches Market Expected to Witness a Sustainable Growth over 2018 - QY Research

Global Pipe Wrenches Market Expected to Witness a Sustainable Growth over 2018 - QY Research

This report studies the global Pipe Wrenches market status and forecast, categorizes the global Pipe Wrenches market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).

The pipe wrench (US), Stillson wrench or Stillsons (UK) is an adjustable wrench used for turning soft iron pipes and fittings with a rounded surface. The design of the adjustable jaw allows it to lock in the frame, such that any forward pressure on the handle tends to pull the jaws tighter together. Teeth angled in the direction of turn dig into the soft pipe. They are not intended for use on hardened steel hex nuts or other fittings because they would ruin the head; however, if a hex nut is soft enough that it becomes rounded beyond use with standard wrenches, a pipe wrench is sometimes used to break the bolt or nut free. Pipe wrenches are usually sold in the following sizes (by length of handle): 10, 12, 14, 18, 24, 36, and 48 inches, although smaller and larger sizes are available as well. They are usually made of cast steel. Today, aluminum is also used to construct the body of the wrench, while the teeth and jaw remain steel. Teeth, and jaw kits (which also contain adjustment rings and springs) can be bought to repair broken wrenches, as this is cheaper than buying a new wrench. 

First, as for the global Pipe Wrenches industry, the industry concentration rate is not high. The top 5 manufacturers have 41.32% sales revenue market share in 2016. The Stanley Black & Decker which has 12.68% market share in 2016, is the leader in the Pipe Wrenches industry. The manufacturers following Stanley Black & Decker are TTI Group and Apex Tool Group, which respectively has 8.18% and 7.37% market share globally. 

Second, the global consumption of Pipe Wrenches products rises up from 9002 units in 2012 to 11486 units in 2016, with an average annual growth rate of 6.90%. At the same time, the revenue of world Pipe Wrenches sales market has a rise from 541.90 m dollars to 635.91 m dollars. The reason causes this increase is the growing demand for the Pipe Wrenches products, which is the result of the spurring needs of downstream customers.

Third, as for the Pipe Wrenches market, it will still show optimistic trend, and technological trends in the market will stay stable.

The global Pipe Wrenches market is valued at 670 million US$ in 2017 and will reach 850 million US$ by the end of 2025, growing at a CAGR of 3.0% during 2018-2025.

The major manufacturers covered in this report
    Stanley
    RIDGID
    TTI Group
    Apex Tool Group
    SNAP-ON
    Irwin
    REED
    Stahlwille
    Wiha Tools
    Wheeler-Rex

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
    North America
    Europe
    China
    Japan
    India
    Southeast Asia
    Other regions (Central & South America, Middle East & Africa)

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
    Small Size (Length≤200 mm)
    Medium Size (200 mm

QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.

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