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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 is experiencing significant growth, driven by the increase in construction activities and the increasing demand for sustainable plumbing solutions. The construction sector's expansion, particularly in emerging economies, is fueling the market's growth. Moreover, there is a growing trend towards the use of eco-friendly and sustainable plumbing pipes and pipe fittings, which is expected to further boost market growth. However, fluctuations in raw material prices pose a challenge to market players, as they can significantly impact the cost of production and, consequently, the selling price of plumbing pipes and pipe fittings. Overall, the market is expected to continue its growth trajectory, driven by these key trends and challenges.
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The market 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. Plumbing pipes and pipe fittings are essential components of both residential and commercial buildings, with consumer lifestyle patterns significantly influencing market trends. Technological innovation has led to the development of advanced piping systems, such as CPVC piping systems, which offer superior heat resistance, flame resistance, and smoke pressure resistance. Plastics, including CPVC and cross-linked polyethylene, are increasingly popular due to their eco-friendliness and sustainability. In the residential sector, bathroom fixtures, kitchen fixtures, and toilet fixtures utilize these piping systems. Residential development and commercial development continue to drive infrastructure expenditure, leading to increased demand for pipes, valves, and fittings. Leading suppliers like Charlotte Pipe and Foundry offer a wide range of products to cater to this growing demand.
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The pipes was the largest and was valued at USD 14.82 billion in 2018. Consumer disposable income and building activity are crucial cost components in the market. Infrastructure projects, including piping systems for water supply, sewage, and natural gas, also contribute significantly to market growth. The use of hybrid models, combining plastics and metals, is gaining popularity due to their cost-effectiveness and performance benefits. Supplier evaluation and engagement models are essential for ensuring the quality and reliability of piping systems. Technological advancements, such as low-flow fixtures, the Internet of Things, and leak detection technologies, are transforming the industry. Trade disruptions and freight costs remain challenges for market participants. Brass and copper continue to be popular materials for piping systems due to their durability and resistance to corrosion. Overall, the market is poised for growth, driven by consumer demand, technological innovation, and infrastructure development.
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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 market trends and drivers that shape the market during the forecast period. The market encompasses the production, sales, and installation of various types of pipes and fittings used in water supply, sewage, and industrial applications. The market's cost structure includes raw material expenses, labor costs, and overheads. Salary benchmarking is essential for understanding the labor costs involved in the manufacturing and installation processes. The wages for plumbers and pipefitters can vary significantly depending on the region, skill level, and complexity of the project. Raw materials, such as copper, PVC, and steel, account for a substantial portion of the overall cost. The pricing for these materials can be influenced by factors such as availability, demand, and production costs. Understanding the cost structure and salary benchmarks is crucial for market participants to optimize their operations and remain competitive in the plumbing pipes and pipe fittings industry.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aliaxis Holdings SA - The company offers plumbing pipes and pipe fittings products such as Fluxo Multilayer piping and fitting System, Lareter PVC-A Pipes and Fittings and others.
Technavio provides ranking index for the top 20 companies along with insights on market positioning of:
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Market structure |
Fragmented |
YoY growth 2023-2024 |
14.26 |
The market encompasses a wide range of products used in various applications, including Residential Building and Commercial Development. Consumer Lifestyle Patterns have led to an increasing demand for eco-friendly and sustainable solutions, such as CPVC Piping Systems and their advanced technologies. These systems offer Heat Resistance, Flame Resistance, and Smoke Pressure Resistance, making them popular choices for both residential and commercial applications. The market includes Pipes, Valves, and Fittings made from Plastics and Metals, catering to various sectors like Bathroom Fixtures, Kitchen Fixtures, and Toilet Fixtures. Technological Innovation continues to shape the industry, with trends like cross-linked polyethylene, polyvinyl chloride, Low-flow fixtures, and the Internet of Things (IoT) influencing market growth. Infrastructure projects and Piping systems for Commercial applications are significant market drivers. Trade disruptions and freight costs are key cost components that impact the market's dynamics. Brass and Copper are among the materials used in the production of plumbing pipes and pipe fittings. 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.
Rise in construction activities is notably driving market growth. The market's expansion has resulted in the development of office spaces, commercial complexes, and residential buildings worldwide. This growth is driven by infrastructure investments, which foster economic growth, particularly in developed economies such as the US, Canada, and those in the EU. Developing countries like China and India are also witnessing significant growth in their building construction industries. In India, the real estate sector is thriving in seven major cities, including Bengaluru, Ahmedabad, Pune, Chennai, Goa, Delhi, and Dehradun. Residential housing completions are on the rise globally. Plumbing pipes and pipe fittings are essential components of building construction. The market for these products is influenced by consumer lifestyle patterns, residential and commercial development, and technological innovation. CPVC piping systems, known for their heat resistance, flame resistance, and smoke pressure resistance, have gained popularity due to their eco-friendliness and sustainability. Plastics and metals are the primary materials used in the production of pipes, valves, and fittings. Bathroom and kitchen fixtures, such as toilets and low-flow fixtures, are integral to plumbing systems.
Infrastructure projects, including piping systems for water supply and sewage disposal, are significant contributors to the market's growth. Technological innovations, such as the Internet of Things and leak detection technologies, are transforming the industry. Trade disruptions and freight costs are critical cost components that impact the market. Leading suppliers of plumbing pipes and pipe fittings include Charlotte Pipe, Infrastructure Expenditure, and Brass and Copper. Supplier evaluation and engagement models are crucial for ensuring the quality and reliability of these products. The market is expected to continue growing due to increasing disposable income, building activity, and the adoption of hybrid models that combine traditional materials with advanced technologies. Thus, such factors are driving the growth of the market during the forecast period.
Increasing demand for sustainable plumbing pipe and pipe fittings is the key trend in the market. In the realm of construction and infrastructure development, sustainability has emerged as a key consideration for consumer lifestyle patterns. As such, the demand for eco-friendly plumbing pipes and pipe fittings has both residential and commercial sectors. Manufacturers are responding to this trend by focusing on technological innovation in CPVC piping systems, which offer heat resistance, flame resistance, and smoke pressure resistance. These properties make CPVC pipes an attractive alternative to traditional metals like brass and copper. Moreover, the shift towards sustainable building practices has led to increased interest in cross-linked polyethylene and polyvinyl chloride pipes. These plastics offer excellent durability and are recyclable, making them a preferred choice for sustainability-conscious projects. Infrastructure expenditure and building activity are expected to remain strong drivers for the market.
However, trade disruptions and freight costs can impact the cost components of these materials. Therefore, leading suppliers like Charlotte Pipe are adopting a hybrid model of engagement with their customers, providing detailed information about their products and services, and offering customized solutions to mitigate these challenges. In the era of the Internet of Things, leak detection technologies and low-flow fixtures are also gaining popularity, adding to the overall value proposition of plumbing pipes and pipe fittings. Supplier evaluation and transparency regarding the composition and sourcing of materials are crucial factors in the selection process for sustainable building projects. Thus, such trends will shape the growth of the market during the forecast period.
Fluctuations in raw material prices of plumbing pipes and pipe fittings is the major challenge that affects the growth of the market. Plumbing pipes and pipe fittings are essential components of both residential and commercial construction projects. Consumer lifestyle patterns influence the demand for these products, particularly in the areas of bathroom fixtures, kitchen fixtures, and toilet fixtures. Technological innovation plays a significant role in the plumbing industry, with CPVC piping systems gaining popularity due to their heat resistance, flame resistance, and smoke pressure resistance. Both plastics and metals are used in the production of pipes and fittings, with the choice of material depending on the specific application and building development. Infrastructure expenditure and building activity are major drivers of the market. However, fluctuations in raw material prices, particularly for metals and plastics, can impact the cost structure of manufacturers. In India, for instance, the price of steel has been decreasing since the third quarter of 2023 due to increased imports and decreased demand. Such disruptions can lead to challenges in sourcing cost-effective raw materials, potentially resulting in production delays or increased production costs. Leading suppliers in the market include Charlotte Pipe, Infrastructure projects, and various other piping systems providers.
The commercial sector is a significant consumer of these products, with a growing emphasis on eco-friendly and sustainable solutions. The use of cross-linked polyethylene and polyvinyl chloride pipes, as well as low-flow fixtures, is becoming increasingly popular. Additionally, technological advancements such as the Internet of Things and leak detection technologies are transforming the industry, with suppliers offering engagement models and hybrid supplier evaluation strategies to meet the evolving needs of their customers. Freight costs and other cost components also play a role in the overall pricing structure of plumbing pipes and pipe fittings. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
The market is witnessing significant growth due to changing consumer lifestyle patterns and the increasing demand for Residential Building and Commercial Development projects. The market is segmented into CPVC Piping Systems, Plastics, and Metals. CPVC Piping Systems are gaining popularity due to their Heat Resistance, Flame Resistance, and Smoke Pressure Resistance properties. Technological Innovation plays a crucial role in the market's growth, with eco-friendly and sustainable solutions such as cross-linked polyethylene and polyvinyl chloride pipes gaining traction. Infrastructure projects, including Piping systems, are a significant contributor to the market's growth, driven by Infrastructure Expenditure and Disposable Income. Bathroom Fixtures, Kitchen Fixtures, and Toilet Fixtures are essential components of the market.
Also, the market includes Valves and Fittings, which are essential for maintaining the functionality and efficiency of the plumbing systems. Leading suppliers in the market include Charlotte Pipe, among others. Supplier evaluation and engagement models are essential for businesses to ensure a reliable supply chain. Further, the market isinfluenced by factors such as Trade disruptions, Freight costs, and Cost components. The market is witnessing the adoption of the Hybrid model, which combines traditional and digital channels for sales and marketing. The Internet of Things and Leak detection technologies are transforming the market, offering improved efficiency and cost savings. Brass and Copper are traditional materials used in the market, but their usage is decreasing due to the availability of more cost-effective and sustainable alternatives.
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 36.68 billion |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 36% |
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 |
Key companies profiled |
Hindware Home Innovation Ltd., Aliaxis Holdings SA, Apollo Pipes Ltd., Astral Ltd., Charlotte Pipe and Foundry Co., Chevron Phillips Chemical Co. LLC, China Lesso Group Holdings Ltd., Compagnie de Saint-Gobain S.A., Finolex Industries Ltd, Hindware Ltd., IPEX BRANDING INC., JM Eagle Inc, NIBCO INC., Pipelife International GmbH, Polypipe Ltd, R C Plasto Tanks and Pipes Private Ltd, The Supreme Industries Ltd., Uponor Corp., Viega GmbH and Co. KG, and Wavin BV |
Market dynamics |
Parent market growth analysis, Market Forecasting, 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 market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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
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