Global Pipe and Tubing Tools Market 2017-2021: End-user Segmentation and Forecast by Technavio

July 13, 2017

#Research--According to the latest market study released by Technavio, the global pipe and tubing tools market is expected to grow at a CAGR of more than 2% during the forecast period.

This research report titled ‘Global Pipe and Tubing Tools Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

The market research analysis categorizes the global pipe and tubing tools market into six major end-user segments, of which the top three are discussed in detail. They are:
- Oil and gas
- Water and wastewater
- Infrastructure and construction
- Automotive
- Engineering
- Others
Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Oil and gas

The global pipe and tubing tools market will be affected by the performance of the oil and gas industry worldwide, which is expected to face challenges during the forecast period. Uncertain conditions in exploration and production activities, pipeline developments, and refineries are expected to impact the industry in terms of spending. Considering these factors and their influence on the oil and gas industry worldwide, Technavio expects the global pipe and tubing tools market in this industry to grow at a slower rate. The expansion of oil and gas pipelines, due to increased exploration and production (E&P) activities in shale gas will lead to the growth of the market.

Water and wastewater

The global water industry includes processes, such as wastewater treatment, effluent treatment plants, sewage treatment plants, and water recycling. Technologies like disinfection, filtration, distillation, and testing are some of the critical processes of the global water and wastewater treatment industry. The need for efficient water management solutions is mostly propelled by the economic development and rapid urbanization in emerging nations like China and India. Industries and organizations are required to treat and recycle wastewater before discharging.

“The increase in demand for water is driven by fast-paced industrial and urban development. Inadequate availability of fresh water resources has led to stringent regulations on the discharge of wastewater, thus increasing the demand for tubes and pipes, which are widely used for municipal and industrial water and sewage applications,” says Anju Ajaykumar, a lead analyst at Technavio for tools and components research.

Infrastructure and construction

The global urban population is expected to rise by more than 70% by 2050. To cater to the rising population, there is an increase in demand for infrastructure development, residential, and non-residential projects.

“The global construction market is expected to reach USD 12 trillion by 2020. This is expected to impact the market for pipe and tubing tools positively. Pipes and tubes are widely used for water supply and as wastewater conveyors for residential and commercial construction,” says Anju.

Galvanized pipes of 0.5 to 1.5-inch diameter are mostly used in four-storey buildings and up to 4-inch diameter pipes are used in high-rise buildings. Pipes with large diameters, such as up to 10-inch diameter, are used for water supply in large residential colonies and complexes.

The top vendors highlighted by Technavio’s market research analysts in this report are:
- ESCO Tool
- Reed Manufacturing
- RIDGID
- Techtronic Industries
Browse Related Reports:
About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

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LONDON–(BUSINESS WIRE)–#Research–According to the latest market study released by Technavio,
the global
pipe and tubing tools market is expected to grow at a CAGR of
more than 2% during the forecast period.

This research report titled ‘Global
Pipe and Tubing Tools Market 2017-2021’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This report also includes an up to date analysis and forecasts for
various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

The market research analysis categorizes the global pipe and tubing
tools market into six major end-user segments, of which the top three
are discussed in detail. They are:

Oil and gas
Water and wastewater
Infrastructure and construction
Automotive
Engineering
Others

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Oil and gas

The global pipe and tubing tools market will be affected by the
performance of the oil and gas industry worldwide, which is expected to
face challenges during the forecast period. Uncertain conditions in
exploration and production activities, pipeline developments, and
refineries are expected to impact the industry in terms of spending.
Considering these factors and their influence on the oil and gas
industry worldwide, Technavio expects the global pipe and tubing tools
market in this industry to grow at a slower rate. The expansion of oil
and gas pipelines, due to increased exploration and production (E&P)
activities in shale gas will lead to the growth of the market.

Water and wastewater

The global water industry includes processes, such as wastewater
treatment, effluent treatment plants, sewage treatment plants, and water
recycling. Technologies like disinfection, filtration, distillation, and
testing are some of the critical processes of the global water and
wastewater treatment industry. The need for efficient water management
solutions is mostly propelled by the economic development and rapid
urbanization in emerging nations like China and India. Industries and
organizations are required to treat and recycle wastewater before
discharging.

“The increase in demand for water is driven by fast-paced industrial
and urban development. Inadequate availability of fresh water resources
has led to stringent regulations on the discharge of wastewater, thus
increasing the demand for tubes and pipes, which are widely used for
municipal and industrial water and sewage applications,” says Anju
Ajaykumar, a lead analyst at Technavio for tools
and components research.

Infrastructure and construction

The global urban population is expected to rise by more than 70% by
2050. To cater to the rising population, there is an increase in demand
for infrastructure development, residential, and non-residential
projects.

“The global construction market is expected to reach USD 12 trillion
by 2020. This is expected to impact the market for pipe and tubing tools
positively. Pipes and tubes are widely used for water supply and as
wastewater conveyors for residential and commercial construction,” says
Anju.

Galvanized pipes of 0.5 to 1.5-inch diameter are mostly used in
four-storey buildings and up to 4-inch diameter pipes are used in
high-rise buildings. Pipes with large diameters, such as up to 10-inch
diameter, are used for water supply in large residential colonies and
complexes.

The top vendors highlighted by Technavio’s market research analysts in
this report are:

ESCO Tool
Reed Manufacturing
RIDGID
Techtronic Industries

Browse Related Reports:

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 630 333 9501
UK: +44 208 123 1770
www.technavio.com