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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.
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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.
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