Enjoy complimentary customisation on priority with our Enterprise License!
The plumbing pipes and pipe fittings market size is forecast to increase by USD 36.68 billion, at a CAGR of 14.76% between 2023 and 2028.
The market continues to evolve, driven by the ever-changing dynamics of various sectors. Energy efficiency remains a significant factor, with demand for pipes and fittings that minimize energy loss and enhance system performance. Pipe threading, pipe hangers, and pipe maintenance solutions are essential components in ensuring optimal functionality and longevity. Water management systems, pipe sealing, non-destructive testing, pipe repair, and pipe pressure ratings are crucial for maintaining water quality and preventing leaks. Pipe material properties, such as chemical resistance, heat resistance, and corrosion resistance, are vital considerations in applications ranging from residential to industrial piping. Leak detection systems, pipe leak repair kits, and pipe lining are essential for identifying and addressing issues before they become major problems.
Smart plumbing, pipe insulation, and water conservation technologies are increasingly important in the context of green building and sustainable practices. Market activities unfold continuously, with ongoing developments in pipe material technologies, pipe installation techniques, and advanced flow control systems. Pipe coating, pressure management, and pipe cutting solutions are essential for ensuring the longevity and efficiency of piping systems. Building codes and water quality monitoring are critical aspects of ensuring safety and compliance in various sectors. Galvanized pipes, cast iron pipes, fire sprinkler pipes, copper pipes, PPR pipes, PVC pipes, and plastic pipes each offer unique advantages and applications, reflecting the market's diversity and complexity.
The ongoing evolution of this market is shaped by a multitude of factors, including technological advancements, regulatory requirements, and evolving customer needs.
The plumbing pipes and pipe fittings 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.
The pipes segment is estimated to witness significant growth during the forecast period.
The market encompasses a range of products, including steel pipes and various types of plastic pipes, used in both residential and industrial applications. Steel pipes offer superior strength and pressure resistance, making them ideal for industrial piping and water supply lines. Plastic pipes, such as polyvinyl chloride (PVC) and chlorinated polyvinyl chloride (CPVC), are widely used in plumbing due to their unique physical properties. PVC pipes exhibit excellent resistance to wear and tear, high flex life, chemical resistance, superior abrasion resistance, and good dimensional stability at room temperature. They are non-flammable and can withstand a wide range of temperatures.
Manufacturers are continually improving the efficiency and strength of PVC pipes, expanding their use in specific applications. Pipe threading, cutting, and joining techniques ensure proper installation and connection. Pipe hangers, pipe supports, and water management systems facilitate pipe maintenance and pressure management. Pipe inspection, leak detection, and repair kits ensure the longevity and functionality of piping systems. Water treatment and pipe coating technologies enhance the durability and chemical resistance of pipes. Galvanized pipes, cast iron pipes, and fire sprinkler pipes offer additional corrosion resistance and heat resistance. Industrial piping, drainage pipes, and gas pipes require specific materials and properties to meet the demands of their respective applications.
Building codes and plumbing standards ensure safety and efficiency in piping systems. Sustainable plumbing practices, such as water conservation and IoT plumbing, are gaining popularity in both residential and commercial settings. Pipe lining and pipe rehabilitation techniques offer cost-effective alternatives to pipe replacement. Pressure testing, water quality monitoring, and non-destructive testing ensure the integrity and performance of piping systems. Overall, the market is dynamic and evolving, driven by advancements in material science, technology, and regulatory requirements.
The Pipes segment was valued at USD 14.82 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 36% 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.
The market in APAC is witnessing significant growth due to the region's robust construction industry. With countries like China and India leading the way, the market is expected to expand at a steady pace. Real estate development is surging in various APAC nations, including India, China, Vietnam, and emerging economies. In India, the construction sector's growth is noteworthy, while Thailand, the Philippines, Laos, and Singapore are witnessing moderate expansion in commercial space construction. The increasing construction of commercial spaces in these countries is fueling the growth of the real estate industry. Additionally, consumers in these nations are investing heavily in residential and commercial projects due to rising disposable incomes and changing lifestyles.
Steel pipes are widely used in plumbing applications due to their strength and durability. Energy efficiency is a crucial factor in the selection of pipe materials, leading to the increased adoption of PPR and PVC pipes. Pipe threading, pipe hangers, and pipe maintenance are essential aspects of pipe installation. Pipe fittings, pipe inspection, water treatment, and pipe material properties are vital considerations in ensuring the longevity and functionality of plumbing systems. Drainage pipes, copper pipes, and galvanized pipes are commonly used for various applications. Pressure management, pipe coating, flow control, and pipe joining are essential aspects of pipe engineering.
Sustainable plumbing practices, such as water conservation and IoT plumbing, are gaining popularity in the market. Industrial piping, pipe leak detection, pipe repair kits, and connected plumbing are essential components of large-scale infrastructure projects. Gas pipes, abs pipes, and fire sprinkler pipes are critical applications in various industries. Building codes and plumbing standards ensure the safety and efficiency of piping systems. Chemical resistance, pipe sizing, and pipe pressure ratings are essential properties to consider when selecting pipe materials. Pipe bending, pipe cutting, and pipe insulation are essential pipe fabrication techniques. Water quality monitoring, pipe rehabilitation, and pipe lining are crucial aspects of pipe maintenance and repair.
Water management systems, pipe sealing, and non-destructive testing are essential for maintaining the integrity of piping infrastructure. The market is expected to grow further due to the increasing demand for smart plumbing solutions and the need for pipe repair and rehabilitation. The market's evolution is driven by factors such as energy efficiency, water conservation, and the adoption of green building practices. The market's trends include the development of advanced pipe materials, pipe joining techniques, and pipe inspection technologies. The market's future outlook is promising, with a focus on sustainable plumbing practices and the integration of IoT technologies.
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 plumbing pipes and pipe fittings 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 plumbing pipes and pipe fittings 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
Companies are implementing various strategies, such as strategic alliances, plumbing pipes and pipe fittings market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Hindware Home Innovation Ltd. - The company specializes in supplying high-performance plumbing solutions, including the Fluxo Multilayer Piping and Fitting System and Lareter PVC-A Pipes and Fittings. Our offerings cater to various industries and applications, ensuring optimal functionality and durability. The Fluxo System boasts multilayer technology, providing enhanced resistance to corrosion and thermal shock. Lareter PVC-A Pipes and Fittings offer superior strength and flexibility, making them an ideal choice for cold water distribution systems. Our commitment to innovation and quality underpins every product we deliver.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
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.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Plumbing Pipes And Pipe Fittings Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
199 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.76% |
Market growth 2024-2028 |
USD 36676.2 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
14.26 |
Key countries |
US, China, India, Germany, Japan, Indonesia, UK, South Korea, Brazil, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this plumbing pipes and pipe fittings market research report to meet your requirements.
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by Application
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.