The carbon steel pipe fittings market has grown strongly in recent years. It will grow from $6.97 billion in 2023 to $7.38 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The expansion observed in the past period can be linked to several key factors, including the surge in global trade and exports, the need for replacements and maintenance, the cost-efficiency of the product, its resilience against corrosion, and its durable nature. Additionally, there was an upswing in demand due to manufacturing and fabrication requirements.
The carbon steel pipe fittings market is expected to see strong growth in the next few years. It will grow to $9.11 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. Anticipated growth in the upcoming period is primarily driven by expansive infrastructure development initiatives, the continual rise of industrialization, growth within the energy sector, increasing urbanization, and ongoing construction endeavors. Moreover, there's an expected surge in demand within the replacement market. Noteworthy trends projected for this period involve increased collaboration and partnerships, the integration of IoT and analytics, a heightened focus on health and safety standards, market expansion initiatives targeting developing regions, and the growing prevalence of modular and prefabricated solutions.
The projected growth in the carbon steel pipe fittings market is strongly linked to the surging construction and infrastructure sectors. Construction involves erecting physical structures such as buildings, bridges, and roads, while infrastructure encompasses fundamental systems supporting society. Carbon steel pipe fittings play a pivotal role in these sectors, catering to plumbing, HVAC, fire protection systems, and structural support due to their robustness, corrosion resistance, and durability. For example, ToolSense reported a 4% increase, totaling 1,337,800 housing units built in 2021, with a remarkable 275% rise in residential construction between March and July 2020. Hence, the escalating construction and infrastructure domains are pivotal drivers for the carbon steel pipe fittings market.
Anticipated expansion of the carbon steel pipe fittings market is anticipated due to the burgeoning manufacturing industry. This sector involves the production of goods through diverse processes, relying on carbon steel pipe fittings for fluid and gas conveyance, ensuring efficient operations, and bolstering infrastructure integrity. Eurostat reported a 0.2% industrial output increase in the European area in July 2023, with a similar 0.1% rise in the European Union from May to April 2023. Therefore, the burgeoning manufacturing sector significantly propels the growth of the carbon steel pipe fittings market.
Technological advancements are driving significant trends in the carbon steel pipe fittings market. In 2022, Leading companies in this domain are embracing new technologies to fortify their market positions. For instance, NIBCO Inc. introduced press technology for fuel and gas carbon steel pipe applications, expanding its product lineup to include 2-inch diameters. This BenchPress G press technology simplifies and accelerates the installation process, offering users consistent joint integrity and a streamlined appearance, sans threading tools or lubricants.
Major players in the carbon steel pipe fittings market are focusing on introducing innovative products to gain a competitive edge. Allmach Piping Systems, for instance, unveiled SurePress, an advanced press system for piping applications designed for fire protection systems. This technology eliminates welding during installation, ensuring quicker, safer, and leak-proof connections, significantly enhancing reliability. Additionally, Texas Pipe and Supply's acquisition of Woodco USA in October 2022 expanded their commercial network, providing improved service to existing and potential customers across various industries. Woodco USA, a producer of carbon steel pipe fittings for the oilfield industry, complements their range of offerings.
Major companies operating in the carbon steel pipe fittings market report are Awaji Materia Co. Ltd., Bassi Luigi and C. S.p.A, Delcorte SAS, Erne Fittings GmbH, M.E.G.A. S.p.A., Parker Hannifin CORP, S.S.E. Pipefittings Limited, SBC Bend Co. Ltd., Sungkwang Bend Co. Ltd., Thai Benkan Co. Ltd., Xinfeng Pipe-fittings, Yingkou Ever Foundry Co.Ltd., Shandong Jintong Pipeline Co. Ltd., Zhejiang Jiuli Hi-Tech Metals Co. Ltd., Jiangsu Wujin Stainless Steel Pipe Group Co. Ltd., Dodson Global, Arcelor Mittal, Baosteel Group Corporation, Nippon Steel, Tenaris SA, Aliaxis, JFE Holdings Incorporated, TMK PAO, Tianjin Pipe Group Corporation, Salzgitter AG, Chelpipe Group, Dynamic Forge & Fittings, Metline Industries, Rajendra Industrial Corporation, Steel Mart India.
Asia-Pacific was the largest region in the carbon steel pipe fittings market in 2023. North America is expected to be the fastest-growing region in the global carbon steel pipe fittings market report during the forecast period. The regions covered in the carbon steel pipe fittings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the carbon steel pipe fittings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The carbon steel pipe fittings market consists of sales of carbon steel-based ERW (Electric resistance welded) pipe fittings, welded pipe fittings, fabricated pipe fittings, seamless pipe fittings, and LSAW (longitudinal-seam submerged arc welding) pipe fittings. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Two primary variants of carbon steel pipe fittings exist, hot-rolled steel pipes and cold-rolled (drawn) steel pipes. Hot-rolled fittings are shaped from steel processed above its recrystallization temperature, utilizing the hot rolling technique. These fittings serve varied purposes in sectors such as oil and gas, chemicals, petrochemicals, construction, infrastructure, and industrial applications. They are typically distributed through both online and offline channels.
The carbon steel pipe fittings market research report provides carbon steel pipe fittings market statistics, including the carbon steel pipe fittings industry global market size, regional shares, competitors with a carbon steel pipe fittings market share, detailed carbon steel pipe fittings market segments, market trends, and opportunities, and any further data you may need to thrive in the aspherical lens industry. This carbon steel pipe fittings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The carbon steel pipe fittings market is expected to see strong growth in the next few years. It will grow to $9.11 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. Anticipated growth in the upcoming period is primarily driven by expansive infrastructure development initiatives, the continual rise of industrialization, growth within the energy sector, increasing urbanization, and ongoing construction endeavors. Moreover, there's an expected surge in demand within the replacement market. Noteworthy trends projected for this period involve increased collaboration and partnerships, the integration of IoT and analytics, a heightened focus on health and safety standards, market expansion initiatives targeting developing regions, and the growing prevalence of modular and prefabricated solutions.
The projected growth in the carbon steel pipe fittings market is strongly linked to the surging construction and infrastructure sectors. Construction involves erecting physical structures such as buildings, bridges, and roads, while infrastructure encompasses fundamental systems supporting society. Carbon steel pipe fittings play a pivotal role in these sectors, catering to plumbing, HVAC, fire protection systems, and structural support due to their robustness, corrosion resistance, and durability. For example, ToolSense reported a 4% increase, totaling 1,337,800 housing units built in 2021, with a remarkable 275% rise in residential construction between March and July 2020. Hence, the escalating construction and infrastructure domains are pivotal drivers for the carbon steel pipe fittings market.
Anticipated expansion of the carbon steel pipe fittings market is anticipated due to the burgeoning manufacturing industry. This sector involves the production of goods through diverse processes, relying on carbon steel pipe fittings for fluid and gas conveyance, ensuring efficient operations, and bolstering infrastructure integrity. Eurostat reported a 0.2% industrial output increase in the European area in July 2023, with a similar 0.1% rise in the European Union from May to April 2023. Therefore, the burgeoning manufacturing sector significantly propels the growth of the carbon steel pipe fittings market.
Technological advancements are driving significant trends in the carbon steel pipe fittings market. In 2022, Leading companies in this domain are embracing new technologies to fortify their market positions. For instance, NIBCO Inc. introduced press technology for fuel and gas carbon steel pipe applications, expanding its product lineup to include 2-inch diameters. This BenchPress G press technology simplifies and accelerates the installation process, offering users consistent joint integrity and a streamlined appearance, sans threading tools or lubricants.
Major players in the carbon steel pipe fittings market are focusing on introducing innovative products to gain a competitive edge. Allmach Piping Systems, for instance, unveiled SurePress, an advanced press system for piping applications designed for fire protection systems. This technology eliminates welding during installation, ensuring quicker, safer, and leak-proof connections, significantly enhancing reliability. Additionally, Texas Pipe and Supply's acquisition of Woodco USA in October 2022 expanded their commercial network, providing improved service to existing and potential customers across various industries. Woodco USA, a producer of carbon steel pipe fittings for the oilfield industry, complements their range of offerings.
Major companies operating in the carbon steel pipe fittings market report are Awaji Materia Co. Ltd., Bassi Luigi and C. S.p.A, Delcorte SAS, Erne Fittings GmbH, M.E.G.A. S.p.A., Parker Hannifin CORP, S.S.E. Pipefittings Limited, SBC Bend Co. Ltd., Sungkwang Bend Co. Ltd., Thai Benkan Co. Ltd., Xinfeng Pipe-fittings, Yingkou Ever Foundry Co.Ltd., Shandong Jintong Pipeline Co. Ltd., Zhejiang Jiuli Hi-Tech Metals Co. Ltd., Jiangsu Wujin Stainless Steel Pipe Group Co. Ltd., Dodson Global, Arcelor Mittal, Baosteel Group Corporation, Nippon Steel, Tenaris SA, Aliaxis, JFE Holdings Incorporated, TMK PAO, Tianjin Pipe Group Corporation, Salzgitter AG, Chelpipe Group, Dynamic Forge & Fittings, Metline Industries, Rajendra Industrial Corporation, Steel Mart India.
Asia-Pacific was the largest region in the carbon steel pipe fittings market in 2023. North America is expected to be the fastest-growing region in the global carbon steel pipe fittings market report during the forecast period. The regions covered in the carbon steel pipe fittings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the carbon steel pipe fittings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The carbon steel pipe fittings market consists of sales of carbon steel-based ERW (Electric resistance welded) pipe fittings, welded pipe fittings, fabricated pipe fittings, seamless pipe fittings, and LSAW (longitudinal-seam submerged arc welding) pipe fittings. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Two primary variants of carbon steel pipe fittings exist, hot-rolled steel pipes and cold-rolled (drawn) steel pipes. Hot-rolled fittings are shaped from steel processed above its recrystallization temperature, utilizing the hot rolling technique. These fittings serve varied purposes in sectors such as oil and gas, chemicals, petrochemicals, construction, infrastructure, and industrial applications. They are typically distributed through both online and offline channels.
The carbon steel pipe fittings market research report provides carbon steel pipe fittings market statistics, including the carbon steel pipe fittings industry global market size, regional shares, competitors with a carbon steel pipe fittings market share, detailed carbon steel pipe fittings market segments, market trends, and opportunities, and any further data you may need to thrive in the aspherical lens industry. This carbon steel pipe fittings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Carbon Steel Pipe Fittings Market Characteristics3. Carbon Steel Pipe Fittings Market Trends and Strategies31. Global Carbon Steel Pipe Fittings Market Competitive Benchmarking32. Global Carbon Steel Pipe Fittings Market Competitive Dashboard33. Key Mergers and Acquisitions in the Carbon Steel Pipe Fittings Market
4. Carbon Steel Pipe Fittings Market - Macro Economic Scenario
5. Global Carbon Steel Pipe Fittings Market Size and Growth
6. Carbon Steel Pipe Fittings Market Segmentation
7. Carbon Steel Pipe Fittings Market Regional and Country Analysis
8. Asia-Pacific Carbon Steel Pipe Fittings Market
9. China Carbon Steel Pipe Fittings Market
10. India Carbon Steel Pipe Fittings Market
11. Japan Carbon Steel Pipe Fittings Market
12. Australia Carbon Steel Pipe Fittings Market
13. Indonesia Carbon Steel Pipe Fittings Market
14. South Korea Carbon Steel Pipe Fittings Market
15. Western Europe Carbon Steel Pipe Fittings Market
16. UK Carbon Steel Pipe Fittings Market
17. Germany Carbon Steel Pipe Fittings Market
18. France Carbon Steel Pipe Fittings Market
19. Italy Carbon Steel Pipe Fittings Market
20. Spain Carbon Steel Pipe Fittings Market
21. Eastern Europe Carbon Steel Pipe Fittings Market
22. Russia Carbon Steel Pipe Fittings Market
23. North America Carbon Steel Pipe Fittings Market
24. USA Carbon Steel Pipe Fittings Market
25. Canada Carbon Steel Pipe Fittings Market
26. South America Carbon Steel Pipe Fittings Market
27. Brazil Carbon Steel Pipe Fittings Market
28. Middle East Carbon Steel Pipe Fittings Market
29. Africa Carbon Steel Pipe Fittings Market
30. Carbon Steel Pipe Fittings Market Competitive Landscape and Company Profiles
34. Carbon Steel Pipe Fittings Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on carbon steel pipe fittings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for carbon steel pipe fittings? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Type: Hot-Rolled Steel Pipes; Cold-Rolled (Drawn) Steel Pipes
2) By Application: Oil and Gas; Chemicals and Petrochemicals; Construction and Infrastructure; Industrial
3) By Distribution Channel: Online; Offline
Companies Mentioned: Awaji Materia Co. Ltd.; Bassi Luigi and C. S.p.A; Delcorte SAS; Erne Fittings GmbH; M.E.G.A. S.p.A.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Awaji Materia Co. Ltd.
- Bassi Luigi and C. S.p.A
- Delcorte SAS
- Erne Fittings GmbH
- M.E.G.A. S.p.A.
- Parker Hannifin CORP
- S.S.E. Pipefittings Limited
- SBC Bend Co. Ltd.
- Sungkwang Bend Co. Ltd.
- Thai Benkan Co. Ltd
- Xinfeng Pipe-fittings
- Yingkou Ever Foundry Co.Ltd
- Shandong Jintong Pipeline Co. Ltd
- Zhejiang Jiuli Hi-Tech Metals Co. Ltd.
- Jiangsu Wujin Stainless Steel Pipe Group Co. Ltd.
- Dodson Global
- Arcelor Mittal
- Baosteel Group Corporation
- Nippon Steel
- Tenaris SA
- Aliaxis
- JFE Holdings Incorporated
- TMK PAO
- Tianjin Pipe Group Corporation
- Salzgitter AG
- Chelpipe Group
- Dynamic Forge & Fittings
- Metline Industries
- Rajendra Industrial Corporation
- Steel Mart India
Methodology
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