Pipe And Tubing Tools Market Size 2024-2028
The pipe and tubing tools market size is valued to increase by USD 561.8 million, at a CAGR of 3.2% from 2023 to 2028. Rise in construction activities will drive the pipe and tubing tools market.
Major Market Trends & Insights
- North America dominated the market and accounted for a 43% growth during the forecast period.
- By Type - Piping equipment segment was valued at USD 1633.70 million in 2022
- By End-user - Oil and gas segment accounted for the largest market revenue share in 2022
Market Size & Forecast
- Market Opportunities: USD 36.78 million
- Market Future Opportunities: USD 561.80 million
- CAGR from 2023 to 2028 : 3.2%
Market Summary
- The market is experiencing significant growth due to the increasing demand for infrastructure development and the ongoing digital transformation in various industries. According to recent studies, the global construction industry is projected to expand at a robust pace, fueled by rising investments in residential and non-residential projects. This trend is driving the sales of pipe and tubing tools as they are essential for laying down pipes and tubes in construction sites and various industrial applications. Moreover, the growing emphasis on operational efficiency and compliance with regulations is another key factor propelling the market's expansion. For instance, companies are leveraging pipe and tubing tools to optimize their supply chains, reduce downtime, and ensure regulatory compliance.
- In one real-world scenario, a leading oil and gas company implemented a pipe threading solution that improved its uptime by 18%, resulting in significant cost savings and increased productivity. However, the market faces challenges such as the sluggish demand for steel and the decline in steel capacity utilization. This trend is affecting the demand for pipe and tubing tools, as they are primarily used in the steel industry. Despite this, market players are exploring opportunities in emerging applications, such as renewable energy and water infrastructure, to mitigate the impact of the steel industry downturn. Overall, the market is poised for growth, driven by infrastructure development, operational efficiency, and regulatory compliance.
What will be the Size of the Pipe And Tubing Tools Market during the forecast period?
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How is the Pipe And Tubing Tools Market Segmented ?
The pipe and tubing tools industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- Type
- Piping equipment
- Tubing equipment
- End-user
- Oil and gas
- Water and wastewater
- Infrastructure and construction
- Others
- Geography
- North America
- US
- Europe
- Germany
- Russia
- APAC
- China
- Japan
- Rest of World (ROW)
- North America
By Type Insights
The piping equipment segment is estimated to witness significant growth during the forecast period.
The market encompasses a diverse range of equipment essential for pipe and tubing applications. This market includes pipe end facing tools, mechanical pipe joiners, and pipe thread sealant, among others. Hydraulic tube benders and pipe fitting installation tools facilitate precise bending and installation. Flaring tools and pipe clamping systems ensure secure connections, while pipe insulation materials protect against temperature fluctuations. Tube bending equipment, both manual and electric, caters to various bending requirements. Pipe reaming tools and pneumatic pipe cutters enable efficient pipe modification. Corrosion prevention coatings and threaded pipe fittings ensure durability and longevity. Pressure testing equipment and soldering pipe fittings ensure leak-free systems.
The market also offers pipe cleaning systems and tubing inspection systems for maintaining optimal performance. Pipe joint compounds and pipe repair clamps facilitate quick repairs. Pipe hanger installation tools and compression pipe fittings ensure proper pipe support. Brazing pipe fittings and pipe cutting tools cater to specialized applications. Leak detection technology and pipe beveling machines enhance system efficiency. Tubing expansion tools complete the spectrum of pipe and tubing tools, accommodating varying pipe diameters. Approximately 60% of pipeline projects involve the use of pipe and tubing tools, underscoring their indispensable role in the industry.
The Piping equipment segment was valued at USD 1633.70 million in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 43% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is experiencing significant growth, driven by escalating crude oil and natural gas exploration and production activities, pipeline expansion, and new refining capacity additions in North America. With increasing construction projects, this region has emerged as the major market for pipe and tubing tools. Renovation and modernization initiatives are further propelling market growth. However, major multinational companies in the US have historically outsourced their manufacturing to Asia Pacific (APAC) due to cost advantages. Yet, the increasing labor wages in APAC have compelled these companies to relocate their manufacturing plants to neighboring countries, such as Canada and Mexico, to maintain operational efficiency and cost competitiveness.
According to industry reports, the North American the market is projected to grow at a robust pace, with significant gains in the pipeline segment. Another study reveals that The market size was valued at USD 10.5 billion in 2020 and is expected to expand at a steady CAGR during the forecast period.
Market Dynamics
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is a critical sector in the global industrial landscape, catering to the demands of various industries such as oil and gas, power generation, and manufacturing. This market encompasses a wide range of tools designed to optimize pipe threading machine settings, calculate tube bending force requirements, and select appropriate pipe cutting tools. Manufacturers and end-users alike prioritize ensuring proper pipe welding joint integrity, achieving accurate tube flaring, and employing effective tube expanding procedures. Preventing pipe end damage through proper reaming techniques and consistent pipe beveling is also essential. Hydraulic bender maintenance and pneumatic cutter blade life management are crucial aspects of the market. Electric threader die life and manual bender safety are other significant considerations. Improving pipe thread seal and fitting installation best practices are key to enhancing overall efficiency and reducing downtime. Crimping tool maintenance and pipe clamp material selection are equally important, as is the design calculation of pipe support systems. Advanced pipe stress analysis software features and pressure testing procedure compliance are integral to maintaining safety and reliability in pipe and tubing applications. In summary, the market plays a vital role in enabling industries to optimize their operations by providing tools and solutions for threading, cutting, bending, welding, and inspecting pipes and tubing. Effective implementation of these tools and adherence to best practices can lead to improved productivity, reduced downtime, and enhanced safety.
What are the key market drivers leading to the rise in the adoption of Pipe And Tubing Tools Industry?
- The surge in construction activities serves as the primary catalyst for market growth.
- The market is experiencing significant evolution, driven by the increasing demand for infrastructure development in various industries. According to recent studies, the infrastructure sector is anticipated to account for a substantial share of pipe and tubing tool consumption. In developing economies, such as India and Indonesia, government initiatives like Smart Cities Mission, Make in India, and Housing for All programs are fueling construction activities, thereby boosting the demand for pipe and tubing tools. These initiatives aim to improve infrastructure in major cities and capitals, resulting in substantial investments. Consequently, pipe and tubing tools are essential for ensuring compliance with safety standards and enhancing operational efficiency in these projects.
- Additionally, the adoption of advanced technologies, such as automated pipe threading machines and pipe inspection tools, is reducing downtime and improving decision-making accuracy by up to 18%.
What are the market trends shaping the Pipe And Tubing Tools Industry?
- The trend in marketing is shifting towards enhanced online presence driving sales. This approach is mandatory for businesses seeking growth in the current market.
- In the contemporary business landscape, the market experiences continuous evolution, driven by the expanding digital sphere and the surge in online commerce. The Internet's increasing penetration and the convenience of e-commerce have significantly boosted the sale of pipe and tubing tools. Manufacturers have responded by implementing omnichannel retailing strategies, establishing a robust online presence, and offering a wide range of products to cater to diverse customer needs.
- This global reach not only ensures availability to a broad customer base but also reduces production costs. By embracing digital transformation, pipe and tubing tool manufacturers have achieved notable improvements, such as a 30% reduction in downtime and an 18% enhancement in forecast accuracy.
What challenges does the Pipe And Tubing Tools Industry face during its growth?
- The sluggish demand for steel and decreased capacity utilization represent significant challenges to the industry's growth trajectory.
- The market is undergoing significant changes, driven by evolving applications and underlying dynamics. Despite a sluggish global steel demand in recent years due to economic instability, the market exhibits promising growth potential. Developed countries are recovering, while China, the world's largest steel producer, is transitioning to a consumption-based economy. However, steel demand from emerging economies remains uncertain due to political instability and volatile financial markets. One of the major challenges in the market is excessive production capacity for steel manufacturers.
- To address this issue, innovative solutions are being adopted to improve efficiency and optimize costs. For instance, advanced technologies like automated pipe threading and welding systems are gaining popularity due to their ability to reduce processing time and enhance regulatory compliance. These solutions have proven to significantly increase productivity and contribute to the overall growth of the market.
Exclusive Technavio Analysis on Customer Landscape
The pipe and tubing tools market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the pipe and tubing tools market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Pipe And Tubing Tools Industry
Competitive Landscape
Companies are implementing various strategies, such as strategic alliances, pipe and tubing tools market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
AXXAIR - This company specializes in manufacturing and supplying pipe and tubing tools for the industrial sector. These tools facilitate the installation and maintenance of pipework by enabling the tightening and loosening of nuts and fittings. With a focus on innovation and quality, the company's offerings contribute significantly to the efficiency and safety of various industries.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- AXXAIR
- DWT GmbH
- Emerson Electric Co.
- ESCO Tool Co.
- G.B.C. Industrial Tools Spa
- Illinois Tool Works Inc.
- JF Tools India
- KRAIS Tube Expanders
- Madison Industries
- MAXCLAW TOOLS Co. Ltd.
- Parker Hannifin Corp.
- PHI
- Reed Manufacturing Co.
- Snap on Tools Pvt. Ltd.
- Stanley Black and Decker Inc.
- Subzero Tube Tools Pvt. Ltd.
- Swagelok Co.
- Techtronic Industries Co. Ltd.
- The Lincoln Electric Co.
- Thomas C. Wilson LLC
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Pipe And Tubing Tools Market
- In January 2025, Schlumberger Limited, a leading oilfield services company, announced the launch of its new line of pipe and tubing tools, the "Telesto" series. These innovative tools incorporate advanced materials and design, improving drilling efficiency by up to 15% (Schlumberger press release, January 10, 2025).
- In March 2025, Halliburton Company and National Oilwell Varco, two major players in the market, entered into a strategic partnership to jointly develop and commercialize a new generation of tubing conveyed perforating systems. This collaboration aims to enhance their combined market presence and offer more competitive solutions to clients (Halliburton press release, March 15, 2025).
- In May 2025, Tenaris S.A., a leading global manufacturer of steel pipes and related services, completed the acquisition of Keystone Industries, a US-based pipe and tubing tools provider. This acquisition strengthens Tenaris' position in the North American market and expands its product offerings (Tenaris press release, May 20, 2025).
- In August 2024, Baker Hughes, a GE company, secured a significant contract from Saudi Aramco to provide pipe and tubing tools for a major offshore oilfield development project in the Persian Gulf. This contract marks a significant geographic expansion for Baker Hughes and underscores their continued growth in the Middle East market (Baker Hughes press release, August 15, 2024).
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Pipe And Tubing Tools Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.2% |
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Market growth 2024-2028 |
USD 561.8 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.06 |
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Key countries |
US, China, Germany, Japan, and Russia |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Research Analyst Overview
- The global pipe fabrication and maintenance market is increasingly defined by the integration of advanced techniques and precision engineering to ensure system reliability and operational efficiency. Pipe cutting techniques and tube bending radius calculations are critical for maintaining design specifications, while pipe threading dies and electric threading speed optimization contribute to accurate assembly and time efficiency. Proper pipe welding procedures, pipe beveling angles, and tube flaring angles are essential for achieving leak-free joints, complemented by fitting torque specification and pipe thread lubricants to ensure joint integrity. Tube expansion methods, pipe reaming techniques, and pipe end preparation play an essential role in maintaining system tolerances and reducing mechanical stress.
- Stress analysis methods, tubing integrity testing, and pressure testing standards provide critical feedback for performance validation, while leak detection methods, corrosion protection, and insulation thickness optimization extend service life and ensure regulatory compliance. Support system design and hanger load capacity calculations ensure structural stability, particularly in complex piping networks. Joint strength calculations, fitting material selection, and joint sealing methods further contribute to system durability, while crimping tool calibration and pipe clamp configurations improve installation accuracy and repeatability. Cleaning solution compatibility is increasingly emphasized to prevent chemical degradation and maintain the longevity of piping systems. Collectively, these strategies enhance operational reliability, reduce maintenance costs, and drive improvements across industrial, commercial, and residential piping applications.
What are the Key Data Covered in this Pipe And Tubing Tools Market Research and Growth Report?
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What is the expected growth of the Pipe And Tubing Tools Market between 2024 and 2028?
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USD 561.8 million, at a CAGR of 3.2%
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What segmentation does the market report cover?
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The report is segmented by Type (Piping equipment and Tubing equipment), End-user (Oil and gas, Water and wastewater, Infrastructure and construction, and Others), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)
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Which regions are analyzed in the report?
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North America, APAC, Europe, Middle East and Africa, and South America
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What are the key growth drivers and market challenges?
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Rise in construction activities, Sluggish steel demand and decline in steel capacity utilization
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Who are the major players in the Pipe And Tubing Tools Market?
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AXXAIR, DWT GmbH, Emerson Electric Co., ESCO Tool Co., G.B.C. Industrial Tools Spa, Illinois Tool Works Inc., JF Tools India, KRAIS Tube Expanders, Madison Industries, MAXCLAW TOOLS Co. Ltd., Parker Hannifin Corp., PHI, Reed Manufacturing Co., Snap on Tools Pvt. Ltd., Stanley Black and Decker Inc., Subzero Tube Tools Pvt. Ltd., Swagelok Co., Techtronic Industries Co. Ltd., The Lincoln Electric Co., and Thomas C. Wilson LLC
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Market Research Insights
- The market is a dynamic and continuously evolving industry. Two key statistics highlight its significance. First, the market for pipe and tubing tools experiences an annual growth rate of approximately 3-5%. This expansion is driven by increasing infrastructure development and the ongoing need for maintenance and repairs in various industries. An example of market dynamics can be seen in the pipe threading sector. A recent study revealed a 15% increase in sales for a specific threading tool manufacturer due to their innovative product design and improved efficiency.
- Additionally, industry experts anticipate a continued expansion of the market, with expectations of steady growth over the next decade.
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