Pipe Wrenches Market | Contrive Datum Insights

The Global Pipe Wrench Market Is Projected To Grow From USD 1.02 Billion In 2017 To USD 1.36 Billion In 2030, At A CAGR Of 3.3% From 2017 To 2030.

Pipe Wrenches Market Overview:

A pipe wrench is a tool used to turn pipe. It has two jaws, one fixed and the other adjustable, for clamping the pipe. The wrench consists of two serrated jaws, one fixed and the other adjustable. The jaws are connected by a pivot that opens or closes the wrench. A pipe wrench is typically used to turn nuts or bolts on threaded pipe.

The growth of the global pipe wrench market can be attributed to the increasing demand for pipe wrenches from the petrochemical and civil pipeline industries and the growing demand for quality tools across regions. The small size (200 mm in length) segment is expected to grow at a higher CAGR than other segments during the forecast period owing to its low cost and ease of portability.

Pipe Wrenches market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Pipe Wrenches market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Market Segments Covered in Pipe Wrenches Industry Research:

Market Key Players:
Stanley, Stahlwille, Apex Tool Group, RIDGID, REED, TTI Group, Wheeler-Rex, Irwin, SNAP-ON, Wiha Tools, And Others.

By Type:

• Small Size (Length≤200 mm), Medium Size (200 mm below Length≤800 mm), Larger Size (Length above 800 mm)

By Application:

• Petrochemical Pipeline, Civil Pipeline, Others

By Region:

The Asia Pacific region dominated the global market in terms of revenue, with a share of over 40.0% in 2019, and is expected to continue its dominance during the forecast period. This growth can be attributed to increasing demand for natural gas, oil, and petrochemicals from various end-use industries in emerging economies such as China, India, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, etc. Europe is another major market for pipe wrenches, which is expected to grow at a significant CAGR during the forecast period.

The Asia-Pacific region is also home to some major players, including Sinopec Group; Mocal Energy; Shell Oil Company; ExxonMobil Corporation; Chevron Corporation. ConocoPhillips; Saudi Aramco (KSA); Petronas (Malaysia) Berhad (MYS); PTT Public Company Limited (Thailand). These companies are involved in extensive long-term investments to develop new production capabilities while expanding their existing networks in key countries such as China and India, thereby further driving product demand.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Growth Factors:

• The demand for pipe wrench in the construction and engineering sector is increasing due to rising infrastructure development activities.
• Pipe wrenches are gaining popularity as a multi-purpose tool in a variety of applications in the automotive and other manufacturing industries.
• There is a growing demand for adjustable pipe wrenches due to the ability to easily fit pipes of different sizes.
• Technological advancements in the design and manufacture of pipe wrenches have made them more durable and efficient than ever before.

Pipe Wrenches Market report scope:

Key Takeaways from this Pipe Wrenches Report

• Estimate Pipe Wrenches market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Pipe Wrenches market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Pipe Wrenches market?

The Pipe Wrenches Market is growing at a CAGR of 3.3% During the Forecast Period.

 What are the key types of Pipe Wrenches market?

Small Size (Length≤200 mm), Medium Size (200 mm below Length≤800 mm), Larger Size (Length above 800 mm)

What are the key applications of Pipe Wrenches market?

Petrochemical Pipeline, Civil Pipeline, Others                          

Who are the key players in Pipe Wrenches market?

Stanley, Stahlwille, Apex Tool Group, RIDGID, REED, TTI Group, Wheeler-Rex, Irwin, SNAP-ON, Wiha Tools, And others.