What is The Current Market Size and Growth Forecast of the Global Pipes and Pipe/Hose Fittings Industry?
The pipes and pipe/hose fittings market has witnessed robust growth in recent years, expanding from $315.79 billion in 2024 to $340.13 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. This growth in the historic period can be attributed to increased activity in water and wastewater management, oil and gas exploration, renewable energy projects, infrastructure rehabilitation, the globalization of trade, and government investments in infrastructure.
Looking ahead, the pipes and pipe/hose fittings market size is predicted to continue its strong growth trajectory, with the market size expected to reach $483.32 billion in 2029, growing at a CAGR of 9.2%. Smart city initiatives, circular economy practices, rising e-commerce for procurement, a focus on water conservation, expansion of oil and gas infrastructure, and hydraulic fracturing operations contribute to the growth in the forecast period.
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What Factors Are Driving The Growth of The Pipes and Pipe/Hose Fittings Market?
The pipes and pipe/hose fittings market continues to thrive, driven by increased construction projects. As key components in the construction industry, pipes and pipe/hose fittings are used primarily for fluid transportation in construction. For instance, according to TST Europe, in 2023, total construction spending reached $1.98 trillion, marking a 7.4% increase from the previous year. This increase in construction projects is expected to continue, facilitating the growth of the pipes and pipe/hose fittings market.
What Are The Major Segments Within The Pipes and Pipe/Hose Fittings Market?
The pipes and pipe/hose fittings market covered in this report are segmented as follows:
1) By Type: Pipes, Fittings
2) By Technology: Compression Molding, Injection Molding, Thermoforming, Extrusion, Electro Fusion, Fabricated, According to Other Types
3) By Application: Water Supply, Pumps And Piping System, Drainage And Sewage Disposal, Sanitation, Transportation Pipes, Other Applications
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Which Are The Big Names Operating In The Pipes and Pipe/Hose Fittings Market?
Major players operating in the pipes and pipe/hose fittings market include Advanced Drainage Systems Inc., Aliaxis Group, Amanco Company- Orbia, American Cast Iron Pipe Company, ArcelorMittal S.A., Chevron Phillips Chemical Company LLC, China Lesso Group Holdings Limited, Eaton Hydraulics Inc., EUROPIPE GmbH, EVRAZ plc, Forterra plc, Georg Fischer Ltd., GF Piping Systems Ltd., Hancor Inc., IPEX Inc., Nippon Steel & Sumitomo Metal Corporation, Nibco Inc., Tigre SA, JM Eagle Corporation, Tenaris SA, Sekisui Chemical Co. Ltd., Wienerberger AG, Pipelife International GmbH, Uponor Corporation, National Pipe and Plastics Inc., Rehau AG, Sika AG, Compagnie de Saint-Gobain S.A., Lubrizol Advanced Materials Inc., Victaulic Company.
What are the Emerging Technology Trends in The Pipes and Pipe/Hose Fittings Market?
Significant technological advancements are shaping the pipes and pipe/hose fittings market landscape. Major market players are focused on better efficiency and reduced costs by integrating cutting-edge technologies such as Reinforced Thermoplastic Pipe (RTP) technology. This technology offers high resistance to corrosion, the ability to handle various pressures and temperatures, and reduced maintenance needs, making it ideal for the energy sector.
Who Are The Big Players in The Pipes and Pipe/Hose Fittings Market?
North America held the largest share in 2024 and continues to be a dominant market for pipes and pipe/hose fittings. The report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Pipes and Pipe/Hose Fittings Market Report 2025 Offer?
Pipes and pipe/hose fittings refer to components that support connections, size modifications, and directional changes in pipes. These fittings are integral to various tubing and piping applications for joining two hose sections or linking a hose to a tube. The Pipes and Pipe/Hose Fittings Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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