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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Pipe Threading Machine Market Outlook
The global pipe threading machine market is being driven by the growth of the pipe and hose fitting market. The global pipe and hose fitting market is expected to grow at a CAGR of 3.40% in the forecast period of 2024-2032.
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The Asia Pacific to Witness a Significant Growth Due to Rapid Industrialization
Region-wise, the Asia Pacific region is a significant market for pipe threading machine, owing to the rising industrialisation in the region. North America and Latin America are also witnessing a steady growth within the pipe threading machines industry. This can be ascribed to the high ratio of mining industries within these regions. The increasing construction activities within the Middle East region is expected to invigorate the market for pipe threading machines within the region. The global market for pipe threading machine is expected to witness a healthy growth over the forecast period.
The rising demand for the product in households for small plumbing works is driving the market growth. Currently, there is a rise in the demand for automated tools which increase the work efficiency. In order to cater to the rising demand, the industry is constantly innovating and has generated automated pipe threading machines, which is expected to aid the market growth in the forecast period as well.
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Pipe Threading Machine: Market Segmentation
Pipe threading machine is a tool that is used to thread the ends of a pipe so as to mount the pipe fittings and joints like elbows, flanges, tees, and reducers, among other pipe fittings. The pipe threading machines have extensive application across different industries such as mining, process, and construction, among other industries, where the piping and instrumentation is an essential part of the industries.
On the basis of type, the market is divided into:
- Pillar Type
- Bed Type
Based on operation, the industry can be bifurcated into:
- Automatic
- Manual
By size, the market is segmented into:
- 2 to 3 Inch
- 4 to 6 Inch
- More than 6 Inch
On the basis of application, the industry is categorised into:
- Chemical
- Construction
- Pharmaceutical
- Mining
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Mining Activities to Aid the Global Market Growth of Pipe Threading Machine
The market for pipe threading machine is being driven by the rising mining activities. The market is further aided by the growth in the process industries like petrochemicals, chemicals, and pharmaceuticals where the piping and instrumentation is a significant part and requires constant maintenance from time to time. Due to the rise in the new commercial and residential building in the developed as well as developing regions, the construction industry is growing. This is expected to propel the market growth of pipe threading machines. The market is aided by the further developments and innovations within the industry. For instance, there is an innovation of new pipe threading machine which can be used for threading and cutting the pipe by a single tool. It can also be used for threading of different sizes of pipes. The market may find hindrance due to the regular maintenance of pipe threading machines.
Key Industry Players in the Global Pipe Threading Machine Market
The report gives a detailed analysis of the following key players in the global pipe threading machine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Solwet Marketing Private Limited.
- Raptor Cutting Tools Inc.,
- Industrial Machinery Corporation
- Hongli Pipe Machinery
- Rex International USA, Inc.
- W.W. Grainger, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Operation |
|
| Breakup by Size |
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| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Pipe Threading Machine Market Report Snapshots
Pipe Threading Machine Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global pipe threading machine market is being aided by the global pipe and hose fitting market, which is projected to grow at a CAGR of 3.40% between 2024 and 2032.
The major drivers of the industry, such as the rising disposable incomes, increasing population, rapid industrialisation, rising construction activities, growing demand from households for small plumbing works, rising demand for automated tools, increasing mining activities, and rising process industries like petrochemicals, chemicals, and pharmaceuticals, are expected to aid the market growth.
The key trends guiding the growth of the market include the growing innovations and increasing development of automated pipe threading machines.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of pipe threading machine in the market are pillar type and bed type.
The major operations of pipe threading machine in the industry are automatic and manual.
The major sizes of pipe threading machine in the industry are 2 to 3 inch, 4 to 6 inch, and more than 6 inch.
The leading application segments in the market are chemical, construction, pharmaceutical, and mining, among others.
The major players in the industry are Solwet Marketing Private Limited., Raptor Cutting Tools Inc., Industrial Machinery Corporation, Hongli Pipe Machinery, Rex International USA, Inc., and W.W. Grainger, Inc., among others.
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