Industrial pipe clamps Market: Introduction
Industrial pipe clamps are mainly designated for the application in piping structure for various end use verticals. Industrial pipe clamps are used for the fitting of lightweight, medium-weight and heavy pipelines made from various materials. Industrial pipe clamps are implemented for connecting pipes to the hanger assembly. Moreover, pipe clamps also supports to achieve damping vibration along with the providing supports to the loosening of welds and joints.
Industrial pipe clamps can be made from various materials such as iron, stainless steel, heavy duty carbon steel, etc. Nowadays, manufacturers are also providing industrial pipe clamps made from PVC for reduced wear & tear and increased durability.
There are various types of industrial pipe clamps such as U-bolt clamps, swivel bolt clamps, rigid clamps, oval clamps, etc. Manufacturers are also providing cushioned industrial pipe clamps for better gripping and improved efficiency.
Industrial pipe clamps have wide range of applications in various industries including construction, oil & gas, water & wastewater, etc. The substantial increase in the industrial and construction activities in various countries across the globe is positively influencing the growth of industrial pipe clamps market.
COVID-19 Crisis Impact
The ongoing crisis of COVID-19 has severely hit the global economy. The impact on growth in global economy, remains highly uncertain and could be more severe if the pandemic or the associated collapse in activity worsens. The impact of pandemic have resulted in national lockdowns causing the complete halt of the production activities and supply chain networks across the globe correspondingly causing severe impact on the industrial pipe clamps market. However, the market is expected to witness sharp recovery as the economic activity resumes post the containment of the pandemic.
Industrial pipe clamps Market: Dynamics
The substantial increase in the demand from construction industry is a key driving factor for the growth in demand for industrial pipe clamps market. Continuously rising population across the globe is boosting the construction activities across the globe. Which is subsequently expected to bolster the demand for industrial pipe clamps during the forecast period.
Rapid growth in industrialization across the developing countries is expected to create positive prospects for the growth in demand for industrial pipe clamps during the forecast period.
The government investments for development of water infrastructure in order to fulfill the rising water demand from residential and industrial sectors is expected to augment the growth of industrial pipe clamps market.
The prevalence of large number of regional and domestic manufacturers is a challenging factor for the industrial pipe clamps market growth. Furthermore, penetration of new small and medium sized market players is expected to create intense competition in the market during the forecast period.
The manufacturers are developing industrial pipe clamps made with galvanized steel or alloys in order to provide increased corrosion resistance cushioned with EPDM or other rubber products to avoid frequent wear & tear. In addition, development of industrial pipe clamps made from PVC is also expected to create high growth virtues for the industrial pipe clamps market growth.
Industrial pipe clamps Market: Segmentation
The global industrial pipe clamps market can be segmented by product type, material type, and end use industry.
On the basis of product type, the global industrial pipe clamps market van be segmented as:
On the basis of material type, the global industrial pipe clamps market van be segmented as:
On the basis of end use industry, the global industrial pipe clamps market van be segmented as:
Industrial pipe clamps Market: Regional Outlook
Europe is expected to account for highest market share in the global industrial pipe clamps market during the forecast period. The growth is attributable to substantial growth in the construction industry coupled with increasing government spending on infrastructure development activities in the countries from the region.
The countries from Middle East & Africa region has witnessed substantial growth in the chemical & petrochemical industry in the recent years and the growth is expected to persist over the forecast period subsequently fueling the growth of industrial pipe clamps market in the region.
Asia Pacific is expected to witness highest growth over the forecast period on the grounds of thriving construction industry, rapid industrial growth, etc. The increasing focus of global players towards shifting of their manufacturing bases in the countries like China, India, etc. is also expected to create growth virtues for the industrial pipe clamps market growth.
North America is expected to hold significant share in the global pipe clamps market owing to presence of major oil & gas and other industrial activities in the region.
Industrial pipe clamps Market: Key Market Participants
The research report presents a comprehensive assessment of the industrial pipe clamps market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to the industrial pipe clamps market segments such as geographies, vise type, material type, holding type, operation and closing type.
The report covers exhaustive analysis on:
Regional analysis includes:
The global Industrial pipe clamps market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The global Industrial pipe clamps market report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The global Industrial pipe clamps market report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.