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Pipes and Pipe/Hose Fittings Market Strategies, Industry Trends, Demand And Future Projections - Advanced Drainage Systems Inc., Aliaxis Group, Amanco, American Cast Iron Pipe Company, ArcelorMittal S.A
Pipes and Pipe/Hose Fittings Market
Pipes and Pipe/Hose Fittings Market Size, Growth Rate, And Forecast
The global pipe and pipe/hose fittings market size is expected to grow from $275.60 billion in 2022 to $295.95 billion in 2023 at a compound annual growth rate (CAGR) of 7.38%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pipe and pipe/hose fittings market size is expected to reach $397.63 billion in 2027 at a CAGR of 7.66%.
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Pipes and Pipe/Hose Fittings Market Drivers
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.
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Pipes and Pipe/Hose Fittings Market Segments
• By Type: Pipes, Fittings
• By Technology: Compression Molding, Injection Molding, Thermoforming, Extrusion, Electro Fusion, Fabricated, Other Types
• By Application: Water Supply, Pumps And Piping System, Drainage And Sewage Disposal, Sanitation, Transportation Pipes, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the pipe and pipe/hose fittings market.
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Pipes and Pipe/Hose Fittings Market Key Players
Major competitors in the pipes and pipe/hose fittings market are Advanced Drainage Systems Inc., Aliaxis Group, Amanco, American Cast Iron Pipe Company, ArcelorMittal S.A., Chevron Phillips Chemical Company LLC, China Lesso Group Holdings Limited, Eaton Hydraulics Inc.
The Business Research Company's "Global Pipes and Pipe/Hose Fittings Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Pipes and Pipe/Hose Fittings Market Include:
1. Executive Summary
2. Pipes and Pipe/Hose Fittings Market Characteristics
3. Pipes and Pipe/Hose Fittings Market Trends And Strategies
4. Pipes and Pipe/Hose Fittings Market - Macro Economic Scenario
5. Pipes and Pipe/Hose Fittings Market Size And Growth
………………
27. Pipes and Pipe/Hose Fittings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pipes and Pipe/Hose Fittings Market
29. Pipes and Pipe/Hose Fittings Market Future Outlook and Potential Analysis
30. Appendix
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