The worldwide market for Pipe Wrenches is expected to grow at a CAGR of roughly 3.1% over the next five years, will reach 800 million US$ in 2023, from 670 million US$ in 2017, according to a new study.
Historical data available in the report elaborates on the development of the Pipe Wrenches market on national, regional and international levels. The report uses this data on current state of the market to further list trends that have brought market shifts. In addition to this, the supervisory scenario of the market has been covered in the report from both, global and regional, perspectives.
The pipe wrench (US), Stillson wrench or Stillsons (UK) is an adjustable wrench used for turning soft iron pipes and fittings with a rounded surface. The design of the adjustable jaw allows it to lock in the frame, such that any forward pressure on the handle tends to pull the jaws tighter together. Teeth angled in the direction of turn dig into the soft pipe. They are not intended for use on hardened steel hex nuts or other fittings because they would ruin the head; however, if a hex nut is soft enough that it becomes rounded beyond use with standard wrenches, a pipe wrench is sometimes used to break the bolt or nut free.
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First, as for the global Pipe Wrenches industry, the industry concentration rate is not high. The top 5 manufacturers have 41.32% sales revenue market share in 2016. The Stanley Black & Decker which has 12.68% market share in 2016, is the leader in the Pipe Wrenches industry. The manufacturers following Stanley Black & Decker are TTI Group and Apex Tool Group, which respectively has 8.18% and 7.37% market share globally.
Second, the global consumption of Pipe Wrenches products rises up from 9002 units in 2012 to 11486 units in 2016, with an average annual growth rate of 6.90%. At the same time, the revenue of world Pipe Wrenches sales market has a rise from 541.90 m dollars to 635.91 m dollars. The reason causes this increase is the growing demand for the Pipe Wrenches products, which is the result of the spurring needs of downstream customers.
Global market is analyzed for the world’s main regions North America, Europe, Asia-Pacific, South America, Middle East and Africa in this research including market size, share, trends, conditions, price, capacity, supply, demand and industry growth rate on a case to case basis. Market predictions along with the statistical nuances presented in the report render an insightful view of the Pipe Wrenches market.
Market Segment by Type, covers
- Small Size (Length?200 mm)
- Medium Size (200 mm
Market size of Pipe Wrenches is estimated, and the report covers every aspect of the global market, starting from the basic information and advancing further to various significant criteria, based on which, the industry is segmented. The competitive framework of the Pipe Wrenches market in terms of contribution and share of major companies has been evaluated in the report. The top players and their overall business view covering a basic profile, manufacturing details, product and offerings information and more have been included in the report. Companies profiled include Stanley, RIDGID, TTI Group, Apex Tool Group, SNAP-ON, Irwin, REED, Stahlwille, Wiha Tools, Wheeler-Rex
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The study on global Pipe Wrenches industry 2018-2023 is a detailed report scrutinizing statistical data related to the global market. Furthermore, the factors on which the companies compete in the market have been evaluated in the report. The report offers a close summary of the key segments within the market.
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Few Table of Contents are:
1 Market Overview
1.1 Pipe Wrenches Introduction
1.2 Market Analysis by Type
1.2.1 Small Size (Length?200 mm)
1.2.2 Medium Size (200 mm
4 Global Pipe Wrenches Market Analysis by Regions
4.1 Global Pipe Wrenches Sales, Revenue and Market Share by Regions
4.2 North America Pipe Wrenches Sales and Growth Rate (2013-2018)
5 North America Pipe Wrenches by Countries
5.1 North America Pipe Wrenches Sales, Revenue and Market Share by Countries
5.2 United States Pipe Wrenches Sales and Growth Rate (2013-2018)
5.3 Canada Pipe Wrenches Sales and Growth Rate (2013-2018)
5.4 Mexico Pipe Wrenches Sales and Growth Rate (2013-2018)
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