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The spoolable pipes market is projected to grow by USD 743.7 million with a CAGR of 6.36% during the forecast period 2021 to 2026.
This spoolable pipes 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 spoolable pipes market segmentation by type (thermoplastic and thermoset) and geography (North America, APAC, Europe, the Middle East and Africa, and South America). The spoolable pipes market report also offers information on several market vendors, including Baker Hughes Co., Changchun Gaoxiang Special Pipe Co. Ltd., Cosmoplast Ind. Co. LLC, Hebei Heng An Tai Pipeline Co. Ltd., NOV Inc., Shawcor Ltd., Smartpipe Technologies, Strohm B.V, TechnipFMC plc, Wienerberger AG, Flexpipe Modular Material Handling System, FlexSteel Pipeline Technologies Inc, Future Pipe Industries, and Victrex Plc among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the spoolable pipes market. During the COVID-19 pandemic, the demand for the spoolable pipes market was impacted negatively. A holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.
Key Spoolable Pipes Market Driver
Key Spoolable Pipes Market Trend
Key Spoolable Pipes Market Challenge
This spoolable pipes 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 2022-2026.
Technavio categorizes the global spoolable pipes market as a part of the global oil and gas storage and transportation 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 spoolable pipes market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the spoolable pipes market encompasses successful business strategies deployed by the key vendors. The spoolable pipes market is concentrated and the vendors are deploying growth strategies such as price, quality, innovation, reputation, brand identity, and distribution to compete in the market.
To make the most of the opportunities and recover from the 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 spoolable pipes market report contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.
Our In-house experts produce extensive information on the value chain and parent market of the spoolable pipes market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
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42% of the market’s growth will originate from North America during the forecast period. The US is the key market for the spoolable pipes market in North America. Market growth in this region will be slower than the growth of the market in other regions.
The growing upstream oil and gas sector will facilitate the spoolable pipes market growth in North America 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-19 Impact and Recovery Analysis
In 2020 and the first half of 2021, the restrictions imposed to curb the spread of COVID-19 negatively impacted oil and gas pipeline projects in the region. However, in 2021, with the introduction of COVID-19 vaccines, the number of COVID-19 cases declined in the region. This led to the lifting of COVID-19-related restrictions, which has resulted in the resumption of operations on several delayed oil and gas pipeline projects.
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The spoolable pipes market share growth in the thermoplastic segment will be significant during the forecast period. The development in the pipeline infrastructure and the expansion of offshore oil and gas fields have propelled the demand for thermoplastic spoolable pipes. Therefore, the segment is expected to grow at a significant rate during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the spoolable pipes market size and actionable market insights on the post-COVID-19 impact on each segment.
Spoolable Pipes Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.36% |
Market growth 2022-2026 |
$743.7 million |
Market structure |
Concentrated |
YoY growth (%) |
4.92 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 42% |
Key consumer countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Baker Hughes Co., Changchun Gaoxiang Special Pipe Co. Ltd., Cosmoplast Ind. Co. LLC, Hebei Heng An Tai Pipeline Co. Ltd., NOV Inc., Shawcor Ltd., Smartpipe Technologies, Strohm B.V, TechnipFMC plc, Wienerberger AG, Flexpipe Modular Material Handing System, FlexSteel Pipeline Technologies Inc, Future Pipe Industries, and Victrex Plc |
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, and Market condition analysis for the forecast period. |
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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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