The galvanized pipe fitting market share is expected to increase by USD 1.36 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7.68%.
This galvanized pipe fitting market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers galvanized pipe fitting market segmentations by end-user (non-residential and residential) and geography (APAC, North America, Europe, MEA, and South America). The galvanized pipe fitting market report also offers information on several market vendors, including AB Alvenius Industrier, American Piping Products Inc., Detroit Nipple Works Inc., Improved Piping Product Inc., Missouri Pipe Fittings Co., Morrill Industries Inc., Mueller Industries Inc., Quality Pipe Products Inc., Smith-Cooper International Inc., and TUBESPEC among others.
What will the Galvanized Pipe Fitting Market Size be During the Forecast Period?
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Galvanized Pipe Fitting Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The economic advantages of pipeline transportation in the oil and gas industry is notably driving the galvanized pipe fitting market growth, although factors such as uncertain macro-economic conditions may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the galvanized pipe fitting industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Galvanized Pipe Fitting Market Driver
One of the key factors driving the galvanized pipe fitting market growth is the economic advantages of pipeline transportation in the oil and gas industry. The advantages of pipeline transportation are its pervasive impact on economic benefits. The overall economic benefits of the various modes of gas and liquid commodity transportation cannot be accurately established, and they are a function of the project outline. However, studies and research on pipeline transportation over the past half a century have offered gainful insights into the benefits of its use, which covers a broad spectrum of parameters. Another important parameter that is factored in when deciding the mode of transportation relates to the perceived risks posed by the transportation method; these risks are considerably lower for pipelines. This leverages the use of pipelines for oil and gas transportation over other modes, thus creating a demand for galvanized pipe fittings.
Key Galvanized Pipe Fitting Market Trend
Increase in deepwater and ultra-deep-water projects is the major trend influencing galvanized pipe fitting market growth. The primary function of natural gas pipelines is to move natural gas from the point of extraction to the markets, where it is distilled to obtain valuable components. Therefore, any change in the dynamics of gas transportation through pipelines is a matter of huge concern for the industry. In light of this causal element, there are a few trends that result from the prevailing natural gas pipeline market scenario. One of the most significant of these trends is the rise in deepwater and ultra-deepwater operations. The depletion of available oil resources at a time when the global economy is hugely reliant on fossil fuels has pushed exploration and extraction activities to unchartered territories across the globe. This development in the oil and gas industry has increased the reliance on deepwater and ultra-deep-water exploration operations. This puts a significant question on the reliability of galvanized pipelines to adapt and successfully operate in deepwater and ultra-deep-water projects.
Key Galvanized Pipe Fitting Market Challenge
Uncertain macro-economic conditions is one of the key challenges hindering the galvanized pipe fitting market growth. The construction industry is highly sensitive to national and regional macroeconomic conditions. The US and many other countries are currently undergoing a period of slowdown and unprecedented volatility, which is having an adverse effect on the business. However, continued uncertainty about prevailing economic conditions will have a negative impact on the industry and will continue to pose a risk as customers may postpone spending in response to tighter credit, the decline in income or asset values, and negative financial news. This could have an adverse impact on pipes and pipe fittings. Other factors that could affect demand include fuel and other energy costs, conditions in the non-residential real estate markets, labor and healthcare costs, access to credit, and other macroeconomic factors.
This galvanized pipe fitting market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the global galvanized pipe fitting market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the galvanized pipe fitting market during the forecast period.
Who are the Major Galvanized Pipe Fitting Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AB Alvenius Industrier
- American Piping Products Inc.
- Detroit Nipple Works Inc.
- Improved Piping Product Inc.
- Missouri Pipe Fittings Co.
- Morrill Industries Inc.
- Mueller Industries Inc.
- Quality Pipe Products Inc.
- Smith-Cooper International Inc.
- TUBESPEC
This statistical study of the galvanized pipe fitting market encompasses successful business strategies deployed by the key vendors. The galvanized pipe fitting market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.
Product Insights and News
- AB Alvenius Industrier - The company offers pipe fittings for all application such as, short pipes, valves, reducer and end caps, flanged connectors, T-pipes and others.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The galvanized pipe fitting market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Galvanized Pipe Fitting Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the galvanized pipe fitting market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Galvanized Pipe Fitting Market?
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53% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for galvanized pipe fitting in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Factors such as rapid industrialization and urbanization, leading to an increase in the number of construction projects will facilitate the galvanized pipe fitting market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The galvanized pipe fitting market in the region is witnessing certain challenges due to the COVID-19 pandemic. India, Bangladesh, Indonesia, and the Philippines are some of the most affected countries by the pandemic. According to the European Centre for Disease Prevention and Control, as of August 2021, the total COVID-19 cases in India were more than 32 million. Lockdowns imposed by the governments in various countries to control the spread of the pandemic has resulted in construction companies announcing a shutdown of operations. A large number of construction workers had to move back to their hometowns in 2020, owing to the shortage of work as an impact of the pandemic. However, many such workers have now started returning to work as the situation is coming back to normal due to the initiation of effective vaccination drives. The manufacturing and supply of galvanized pipe fittings have also been resumed, which will help the regional market growth during the forecast period.
What are the Revenue-generating End-user Segments in the Galvanized Pipe Fitting Market?
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The galvanized pipe fitting market share growth by the non-residential will be significant during the forecast period. The growth in the manufacturing infrastructure is expected to drive the demand for galvanized pipes and fittings globally during the forecast period. In addition, one of the factors influencing market growth is the increasing number of non-residential construction projects.
Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the galvanized pipe fitting market size and actionable market insights on post COVID-19 impact on each segment.
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Galvanized Pipe Fitting Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.68% |
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Market growth 2021-2025 |
$ 1.36 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.54 |
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Regional analysis |
APAC, North America, Europe, MEA, and South America |
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Performing market contribution |
APAC at 53% |
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Key consumer countries |
China, US, India, Germany, and UAE |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AB Alvenius Industrier, American Piping Products Inc., Detroit Nipple Works Inc., Improved Piping Product Inc., Missouri Pipe Fittings Co., Morrill Industries Inc., Mueller Industries Inc., Quality Pipe Products Inc., Smith-Cooper International Inc., and TUBESPEC |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Galvanized Pipe Fitting Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive galvanized pipe fitting market growth during the next five years
- Precise estimation of the galvanized pipe fitting market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the galvanized pipe fitting industry across APAC, North America, Europe, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of galvanized pipe fitting market vendors
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