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Global Pipe Threading Machine Market to Grow at a Healthy Pace During 2021-2026, Driven by Rising Mining Activities

According to a new report by EMR titled, 'Global Pipe Threading Machine Market Report and Forecast 2021-2026', the global market for pipe threading machine to be aided by the growth of the global pipe and hose fitting market, which is expected to grow at a CAGR of 3.4% in the forecast period of 2021-2026.

The market for pipe threading machine is driven by the rising mining activities worldwide. The market is further aided by the increasing construction activities within developed as well as developing regions. The rising demand for automated pipe threading machine is expected to positively influence the market growth. The new versions of the product work efficiently and enhance the work quality within several end-use sectors, such as chemical, construction, pharmaceutical, and mining, among others, which is furthering the growth of the market.

Major companies such as W.W. Grainger, Inc. and Solwet Marketing Private Limited. Are also contributing to the market growth. W.W. Grainger, Inc. (NYSE: GWW), offers machines that help thread pipe for professional services like remodelling and repair jobs, pipe production, among others. The company has a variety of pipe threading machines, ranging from manual and power threaders to portable threading machines. A pipe thread ratchet can be useful in confined areas. A powerful production threading machine is used while working with high volumes of black, galvanized and plastic-coated pipe, IMC, stainless steel, and heavy-wall conduit and rod up to 2”. These products cater to varied application requirements, further aiding the market growth of pipe threading machine.

Market Analysis by Type, Operation, Size, Application, and Region:

  • The pipe threading machine industry, on the basis of type, is divided into pillar type and bed type.
  • Based on operation, the market is bifurcated into automatic and manual.
  • On the basis of size, the market is segmented into 2 to 3 Inch, 4 to 6 Inch, and more than 6 inch.
  • On the basis of application, the industry is categorised into chemical, construction, pharmaceutical, and mining, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global pipe threading machine industry is driven by the increasing mining activities across the globe.
  • The growth in the process industries is also aiding the market as the product is used in the core part and further helps in the maintenance process, which is required from time to time.
  • The market is further aided by the rise in the new commercial as well as residential buildings, which is further accelerating the construction activities across the globe.
  • Further R&D in the industry is expected to push the market growth in the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for pipe threading machine for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) for the types, operations, sizes, applications, and regional markets of pipe threading machine.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Solwet Marketing Private Limited., Raptor Cutting Tools Inc., Industrial Machinery Corporation, Hongli Pipe Machinery, Rex International USA, Inc., and W.W. Grainger, Inc., among others, are the key players in the global pipe threading machine market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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