Pipe Manufacturing Machines Market Forecast and CAGR
Liquids and gases play an important role in different industries. Thus, the transportation of the same becomes a crucial task. To serve the purpose of transportation pipes are used. Using pipes is less damaging to the environment as other modes of transport are not needed to transport materials.
Plus, they are more economical and convenient. Also, their longevity and reliability make them a likable product by many.
Thus, the use of pipes is widespread across industries. Pipes are used in the agricultural sector for irrigation, portable water supply sector, drainage and water supply sector, industrial applications and chemical transportation sector, and carrying cable and electrical conducts sector.
Pipes are used widely as they carry materials safely. The size of pipes, specifically their length, and their capacity of holding liquids without letting them spill makes them extremely useful. In addition to this, certain pipes are flame and corrosion-resistant.
Different types of pipes like PEX pipe, PVC pipe, rigid copper pipe, flexible copper pipe, galvanized steel pipes will boost the pipe market due to their functionality quotient.
For instance, Hindustan Plastic & Machine Corporation, a key player, is focusing on machines that would manufacture pipes in bulk.
The end-user demand for bulk production has increased due to the increase in production of various sectors. Thus, the company’s HDPE pipe extruder produces small are large numbers of pipes within a short period of time.
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On the basis of material type of pipe, the pipe manufacturing machines market can be segmented as:
- Stainless steel
On the basis of the type, the pipe manufacturing machines market can be segmented as:
- Welded Steel Pipe
- Seamless Pipes
On the basis of the manufacturing process, the pipe manufacturing machines market can be segmented as:
- Mandrel Mill Process
- Mannesmann Plug Mill Pipe Process
- Forged Process
Some of the market participants operating across the value chain of the global pipe manufacturing machines market are:
- Hindustan Plastic & Machine Corporation
- Windsor Machines Limited
- Drip Research Technology Solutions (DRTS)
- Toshiba Machine Co., Ltd
- Ased srl
- KraussMaffei Group
- Adescor Inc.
- CRC-Evans, (Stanley Oil & Gas Company)
- SICA S.p.A.
- SRET Equipment Co. Ltd
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast.
Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study.
Europe is the largest market for pipe manufacturing machines followed by North America and Asia Pacific.
The market for pipe manufacturing machines in China is expected to register a high growth rate, owing to the recent initiatives taken by the China government to make the country a manufacturing hub.
North America and the Middle East are major markets for pipe manufacturing machines where the market is exhibiting significant growth, owing to the increasing production capacity of oil and gas processing plants in this region.
Pipe manufacturing machines are growing at a moderate rate in Asia Pacific, mainly owing to the increased production capacity of China and India.
The rest of the world is estimated to account for a relatively small share of the pipe manufacturing machines market.
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