Press release
Pipelayer Market Growth with Industry Study, Detailed Analysis and Forecast to 2030 | Liebherr Group, Komatsu Construction, Herrenknecht AG, Volvo Group
Pipelayer Market
General and multifunctional are different types of pipelayers available in the market. Pipelayers are selected based on the weight and size of pipes because these factors can affect the efficiency of pipelayers. Multiple pipelayers are needed in order to hold a large section of pipes. Its end users are oil and gas industry, chemical industry, infrastructure and construction industry. Among the end users, oil and gas industry and chemical industry are the major consumer due to high dependency on effective piping system.
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Top Impacting Factors
Rise in investment in infrastructure and oil & gas industry is the key driver that boosts the growth of the pipelayers market. Rapid urbanization increases construction activities for residential and commercial buildings. Smart city projects initiated by governments are expected to foster the market growth. Rise in demand for natural gas for various uses is another driving factor for the market growth. Lack of standardization, which may lead to defect in working system such as leaks, which may result in entire system failure limits the growth of the market.
Market Trends
• High shale gas production activities in North America boosts the business of pipelayers in the region.
• Rise in oil & gas industry in Asia-Pacific and Europe has contributed a major part in the growth of the pipelayer market.
• Research and innovations are consistently being done by company to enhance the efficiency of pipelayers. In March 2019, Komatsu introduced a new pipelayer named D155CX-8 which has improved the stability of pipelayer in adverse conditions.
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Top Players:
Liebherr Group, Komatsu Construction, Herrenknecht AG, Volvo Group, Midwestern Manufacturing and Pipe Line Products, SCAIP, John Deere, Inter-Drain, SANY Group, Euro Pipeline Equipment, Caterpillar Inc.
Segmentation Based On:
By Type -
General
Multifunctional
By End Users -
Oil and gas Industry
Chemical Industry
Infrastructure and Construction Industry
By Region -
North America (U.S., Canada, Mexico)
Europe (France, Germany, Italy, Spain, UK, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
LAMEA (Brazil, Argentina, GGC, South Africa, Rest of LAMEA)
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