Global Pipe Threading Equipment Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Pipe Threading Equipment is primarily designed to create threads on pipe ends, enabling efficient connection for a wide array of applications. Key features of these devices include durability, precision cutting abilities, and versatility in handling different pipe materials and sizes. They have major applications in sectors such as plumbing, heating, and electrical conduit installations. The recent trend towards automated and electric threading machines, offering improved speed and accuracy, is driving an upsurge in demand.
Market Key Insights
- The Pipe Threading Equipment market is projected to grow from $415.3 million in 2024 to $888 million in 2034. This represents a CAGR of 7.9%, reflecting rising demand across Oil & Gas Industry, Utility Services and Construction Industry.
- RIDGID, Reed Manufacturing, ROTHENBERGER are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Pipe Threading Equipment market and are expected to observe the growth CAGR of 5.1% to 7.6% between 2024 and 2030.
- Emerging markets including Vietnam, UAE and Chile are expected to observe highest growth with CAGR ranging between 9.1% to 10.9%.
- Transition like Digitalization in Pipe Threading is expected to add $68.6 million to the Pipe Threading Equipment market growth by 2030
- The Pipe Threading Equipment market is set to add $473 million between 2024 and 2034, with manufacturer targeting Aviation & Oil & Gas End-user Industry projected to gain a larger market share.
- With Popularity of diy maintenance, and Advances in technology, Pipe Threading Equipment market to expand 114% between 2024 and 2034.
Opportunities in the Pipe Threading Equipment
Strategic collaborations with construction firms could prove beneficial for the Pipe Threading Equipment market. Partnerships leading to long-term supply contracts can provide stability, boost brand recognition, and ensure customer loyalty.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
North America remains a powerhouse in the pipe threading equipment market, backed by factors such as extensive oil and gas operations and robust industrial sector. The region presents significant opportunities for manufacturers, given the ever-growing demand for energy-efficient and technologically advanced pipe threading tools. Competition in North America is fierce, dominated by key providers that emphasize innovative solutions and durability in their products. A major driver in this region is the continuing surge in hydrocarbon exploration activities, which directly impacts the requirement for cohesive, reliable, and efficient pipe threading equipment.
Asia-Pacific Outlook
The Asia-Pacific region is rapidly emerging as a vital player in the pipe threading equipment industry, propelled by expanding infrastructure and heightened levels of industrialization. This region has witnessed an escalating demand for automatic and semi-automatic pipe threading machines driven by the burgeoning construction industry, particularly in developing economies such as China and India. Intense competition exists owing to the high concentration of manufacturers and low-cost production capabilities. Market growth in the Asia-Pacific region can be attributed to increasing government initiatives towards infrastructure development, necessitating high-quality, fast, and accurate pipe threading operations.
Market Dynamics and Supply Chain
Driver: Popularity of DIY Maintenance, and Expansion of Gas Pipeline Infrastructure
Technological advancements have also introduced automated pipe threading equipment to the market, streamlining the operations within the large-scale construction industry. This automation has also made pipe threading processes faster, more efficient, while eliminating the human error factor. The adoption of these advanced tools in commercial construction applications significantly also drives the demand.
Restraint: High Cost of Equipment
Opportunity: Exploiting Untapped Markets and Technological Innovations Boosting Market Scope
With technology continually evolving, There is a demand for more efficient, automated, and portable Pipe Threading Equipment. Investment in integrating innovative technological features such as digital threading, sensor-based functionality, and automated alignment can create further market scope. It will not only improve product efficiency but also cater to the demands of technologically savvy buyers, thereby amplifying overall market reach and resultant revenues.
Challenge: Slow Technological Advancements
Supply Chain Landscape
Vallourec
ArcelorMittal
Ridgid
Rex Industries
Home Depot
MSC Industrial Supply
Oil and gas
Construction
Vallourec
ArcelorMittal
Ridgid
Rex Industries
Home Depot
MSC Industrial Supply
Oil and gas
Construction
Applications of Pipe Threading Equipment in Oil & Gas , Utility Services & Construction
The oil and gas industry is one of the primary sectors where pipe threading equipment is widely adopted. The specialized equipment is typically used for threading pipes that are integral to the extraction, transportation and refinement of oil and gas. The notable players within this application include Ridgid, Rothenberger, and Collins who are recognized for their high-quality manufacture, durable equipment and reliable threading performance. Threading machines from these manufacturers have proven to be invaluable in maintaining seamless operations in this demanding sector.
Pipe threading equipment also finds substantial application in the construction industry. Here, manual pipe threading tools are commonly used to facilitate plumbing, HVAC installations, and other construction-related activities. Manufacturers such as DeWalt and Irwin Hanson are the frontrunners, demonstrating a strong market presence with equipment known for ease of use, robust design, and durability. Their tools are the preferred choice for construction professionals who appreciate robustness, precision, and time-saving features.
Utility services encompass water, electric, gas services, and more. These services require frequent pipe installations, replacements, and extensions - making pipe threading equipment a necessity. In particular, hydraulic pipe threading machines are often used, given their operational efficiency and versatility. Notable manufacturers are Wheeler-Rex and Steel Dragon Tools who have carved a strong market niche. Their pipe threading equipment is designed for continuous heavy-duty use, delivering unmatched efficiency and longevity.
Recent Developments
Prominent manufacturer of Pipe Threading Equipment, Dezhou Drillstar Cutting Tool Co., Ltd, debuted a new computer-controlled automatic pipe threading machine that considerably speeds up the threading process, improving efficiency and accuracy
Ridgid Tools unveiled advanced-model 535 Pipe Threading Equipment featuring superior thread quality and innovative technology for improved durability and a tremendous boost on-site productivity
Jiangsu Hongyuan which is a leading provider of threading solutions introduced a robust, five-axis CNC pipe threading machine designed explicitly for oil and gas applications, reducing time and cost by improving threading precision.