According to a recent market study published by Growth Market Reports titled, "Global Pipe Fittings Market by Material Types, Applications, End-users, Distribution Channels, and Regions: Size, Share, Trends and Opportunity Analysis, 2017-2027", The global pipe fittings market was valued at USD 29,267 Mn in 2019 and is projected to reach USD 39,905 Mn by 2027, expanding at a CAGR of 5.1% during the forecast period. The market is primarily driven by increasing pipeline projects across the several countries, which is expected to boost the demand for pipe fittings among numerous industries.

Global Pipe Fittings market has been segmented based on by Material Types, Applications, End-users, Distribution Channels, and Regions. Based on material types, the market is divided into aluminum, cast iron, copper, glass, plastic, and steel. In terms of applications, the pipe fittings market is classified as drainage and sewage disposal, pumps and piping system, HVAC, transportation pipes, water supply, and others.

On the basis of end-users, the market is categorized as agricultural, industrial, and residential. In terms of distribution channels, the pipe fittings market is bifurcated into offline and online. Based on regions, the global pipe fittings market is divided into North America, Europe, Latin America, and Middle East & Africa.

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‌Increasing Investments in Infrastructure and Rising Number of Pipeline Projects are likely to play a pivotal role in shaping the dynamics of the global pipe Fittings market during the forecast period. Economic Benefits of Pipeline Transportation in the Oil & Gas Industry along with Growing Demand Pipe Fittings from Water & Wastewater Industry is driving the market. Leakage Issues and Disposal of Pipes are major challenges to the market growth. These challenges can, in turn, impede the market growth. Technological Developments and Advancements in manufacturing pipe fittings is a growth opportunity for the market.

As per Growth Market Reports industry analyst Akshay Udavant “The spread of COVID-19 has had a negative impact on the Global Pipe Fittings market players on many fronts and outside factors, including a temporary fluctuation in consumer demand and potential effects on the Pipe Fittings market from an uncertain economic perspective. Furthermore, the pandemic has affected the supply chain and the readiness of the workforce, both of which can impact production volumes. In this challenging environment, most companies in various sectors are taking concrete steps. Governments are taking strict measures, which are hampering the overall growth of the market. Companies can make strategic cuts in the number of employees and their pays to meet short and longer-term requirements.”

Key Takeaways from the Study

  • Asia Pacific accounts for a significant share of the market, owing to rising residential construction activities and increased need for sanitation and water supply.
  • Presence of key manufacturers of pipe fittings makes North America a highly attractive region. Moreover, product innovation offered by these players is anticipated to fuel the market in the coming years.
  • The market in Europe is anticipated to grow at a significant CAGR during the forecast period, due to presence of natural gas projects, which require pipelines to transport natural gas from one place to another.
  • Middle East & Africa is projected to grow at a considerable CAGR, due to government initiatives for water supply management along with rising number of commercial buildings, which make use of HVAC systems.

Report Scope

Report Metric

Details

Market Value in 2019

USD 39,905 Million

Market Growth Rate (from 2020 to 2027)

5.1%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Market Segments

Material Types, Applications, End-users, Distribution Channels, and Regions

Region Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)

Key Companies Profiled

Compagnie de Saint-Gobain, Mueller Water Products, Inc., McWane, Inc., Charlotte Pipe and Foundry, Ward Manufacturing LLC, Core Pipe, Plasson Industries Ltd, Aliaxis Group SA, ASC Engineered Solutions, Aquatherm, GF Piping Systems, Viking Johnson, and AVK Holding A/S

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Demand Side: Drainage and Sewage Disposal, Pumps And Piping System, HVAC, Transportation Pipes, Water Supply, and others
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: International Association of Plumbing and Mechanical Officials (IAPMO), Plastic Pipe and Fittings Association (PPFA), the National Association of Pipe Fabricators: NAPF, American Pipe Fittings Association, National Corrugated Steel Pipe Association (NCSPA), American Supply Association (ASA).