The global pipe threading machine market is expected to grow at a CAGR of 3.40% in the forecast period of 2025-2034.
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.
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.
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
- Asia-Pacific
- Latin America
- Middle East and Africa
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
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Pipe Threading Machine Market Analysis
6 North America Pipe Threading Machine Market Analysis
7 Europe Pipe Threading Machine Market Analysis
8 Asia-Pacific Pipe Threading Machine Market Analysis
9 Latin America Pipe Threading Machine Market Analysis
10 Middle East and Africa Pipe Threading Machine Market Analysis
11 Market Dynamics
13 Competitive Landscape
Companies Mentioned
The key companies featured in this Pipe Threading Machine market report include:- Solwet Marketing Private Limited.
- Raptor Cutting Tools Inc.,
- Industrial Machinery Corporation
- Hongli Pipe Machinery
- Rex International USA, Inc.
- W.W. Grainger, Inc.