Press release
Pipes and Pipe/Hose Fittings Market Set to Reach $483.32 Billion by 2029 with 9% Yearly Growth
Pipes and Pipe/Hose Fittings Global Market Report 2025
The anticipated rise in construction undertakings is predicted to fuel the growth of the pipes and pipes/hose fittings market. The term construction projects pertain to the systematic process of constructing and erecting structures. In the construction sector, pipes and pipe/hose fittings are mainly utilized for the transportation of fluids involved in construction. For example, TST Europe, a machinery parts manufacturer located in Switzerland, reported in June 2024 that total construction expenditure touched $1.98 trillion in 2023, indicating a surge of 7.4% from the preceding year. As such, the projected surge in construction undertakings is expected to stimulate the expansion of the pipes and pipe/hose fittings market.
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What growth opportunities are expected to drive the pipes and pipe/hose fittings market's CAGR through 2034?
The market size for pipes and pipe/hose fittings has shown robust growth recently. The market is projected to increase from $315.79 billion in 2024 to $340.13 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.7%. The historical growth can be credited to factors such as water and wastewater management, oil and gas discovery, renewable energy schemes, infrastructure repair, trade globalization, and government investments in infrastructure.
The market size of pipes and pipe/hose fittings is predicted to experience substantive growth in the upcoming years, reaching "$483.32 billion by 2029 with a CAGR of 9.2%. The anticipated growth within the forecast period can be explained by initiatives focused on smart cities, practices for the circular economy, increased use of e-commerce for procurement, attention towards water conservation, and expansion of oil and gas infrastructure, including hydraulic fracturing (fracking) activities. Key trends expected during the forecast period encompass the incorporation of 3D printing technologies, innovation of advanced materials, customization for specialized applications, investment in hygienic and sanitary solutions, development of smart pipe systems, and the digital transformation within manufacturing.
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What are the emerging trends shaping the future of the pipes and pipe/hose fittings market?
Leading entities operating in the pipes and pipe/hose fittings industry are concentrating on the implementation of cutting-edge technologies, such as reinforced thermoplastic pipe (RTP) technology. This innovation aims to enhance the durability and effectiveness of fluid transit while reducing maintenance costs. Reinforced thermoplastic pipe (RTP) technology involves the application of resilient, lightweight tubes made from thermoplastic substances that boast superior resistance to corrosion, minimal maintenance demands, and the capability to withstand various pressures and temperatures for transporting fluids. Take, for example, the energy technology firm based in the United States, Baker Hughes Company. They launched their innovative PythonPipe collection, which uses advanced RTP technology, in November 2023. This forward-thinking solution provides a reduction of up to 60% in installation time, notable carbon emission decreases, and improved durability. This makes it well-suited to the energy sectors challenging and corrosive conditions.
Which growth-oriented segments of the pipes and pipe/hose fittings market are leading the industry's development?
The pipes and pipe/hose fittings market covered in this report is segmented -
1) By Type: Pipes, Fittings
2) By Technology: Compression Molding, Injection Molding, Thermoforming, Extrusion, Electro Fusion, Fabricated, Other Types
3) By Application: Water Supply, Pumps And Piping System, Drainage And Sewage Disposal, Sanitation, Transportation Pipes, Other Applications
Subsegments:
1) By Pipes: PVC Pipes, HDPE Pipes, CPVC Pipes, PEX Pipes, Metal Pipes, Composite Pipes
2) By Fittings: Elbow Fittings, Tee Fittings, Couplings, Reducers, Caps And Plugs, Flanges, Adapters
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What regions are leading the charge in the pipes and pipe/hose fittings market?
North America was the largest region in the pipe and pipe/hose fittings market in 2024. The regions covered in the pipes and pipe/hose fittings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the pipes and pipe/hose fittings market?
Major companies operating in the pipes and pipe/hose fittings market include Advanced Drainage Systems Inc., Aliaxis Group, Amanco Company- Orbia, American Cast Iron Pipe Company, ArcelorMittal S.A., Chevron Phillips Chemical Company LLC, China Lesso Group Holdings Limited, Eaton Hydraulics Inc., EUROPIPE GmbH, EVRAZ plc, Forterra plc, Georg Fischer Ltd., GF Piping Systems Ltd., Hancor Inc., IPEX Inc., Nippon Steel & Sumitomo Metal Corporation, Nibco Inc., Tigre SA, JM Eagle Corporation, Tenaris SA, Sekisui Chemical Co. Ltd., Wienerberger AG, Pipelife International GmbH, Uponor Corporation, National Pipe and Plastics Inc., Rehau AG, Sika AG, Compagnie de Saint-Gobain S.A., Lubrizol Advanced Materials Inc., Victaulic Company
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What Is Covered In The Pipes and Pipe/Hose Fittings Global Market Report?
• Market Size Forecast: Examine the pipes and pipe/hose fittings market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the pipes and pipe/hose fittings market for a structured understanding.
• Key Players Overview: Analyze major players in the pipes and pipe/hose fittings market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pipes and pipe/hose fittings market.
• Segment Contributions: Evaluate how different segments drive overall growth in the pipes and pipe/hose fittings market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pipes and pipe/hose fittings market.
• Industry Challenges: Identify potential risks and obstacles affecting the pipes and pipe/hose fittings market.
• Competitive Landscape: Review strategic developments in the pipes and pipe/hose fittings market, including expansions, agreements, and new product launches.
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