ID: MRFR/CO/4761-CR | July 2018 | Region: Bric | 96 pages
The Europe pipe market is anticipated to touch USD 73,824.8 million by 2023, as per an insightful report by Market Research Future (MRFR). It is expected to expand at a 5.18% CAGR during the assessment period (2017-2023).
The uptick witnessed in construction and manufacturing sectors in the region is the primary driver of the Europe pipe market. Rising demand for plastic pipes and demand in wastewater treatments is anticipated to fuel market demand over the forecast period. Supportive government policies pertaining to utilization of pipes in construction and energy sectors can bode well for the market. However, volatile prices of raw materials can act as a market deterrent. But increasing investments in oilfields and surge noticed in gas exploration and production activities can open up new opportunities for the market.
Pipes are instrumental in distribution of water in commercial, residential, and industrial settings. The material used in the fabrication and manufacture of pipes are paramount in ensuring the regular flow of liquids within complex networks.
This report allows the user to gain a deeper understanding of the current events and trends in the Europe market for pipes. By correlating the historical data with key market dynamics, our analysts were able to make highly accurate projections in the report. MRFR’s report includes a thorough segmental analysis of the Europe pipe market segmented on the basis of material, end-user, and region with astute insights. This report has been prepared to assist industry participants in making informed decisions on growth strategies and operation management. Users will also come across drivers, trends, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.
Alfatubo, GPS PE Pipe Systems, Amanco, Corporación Empresarial de Materiales de Construcción, SA (COEMAC), Wavin Holding B.V., Saint Global S.A., Benteler International AG, Buhlmann Group, Aliaxis Group, Wienerberger AG, Europipe GmbH, and others are noteworthy players in the Europe pipe market. The market is highly competitive in nature with international brands attempting to capture market share from domestic manufacturers. Cost, product quality, and aftermarket services are factors which would be paramount in determining their standing in the market by the end of the forecast period.
The report offers comprehensive profiles on these market players and assesses their current standing in the Europe pipe market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.
By material, the Europe pipe market has been segmented into copper, concrete, aluminum, plastic, steel, and others. The steel segment accounted for a large market share in 2016. It can continue its dominance till the end of the forecast period. By end-user, the market is segmented into chemicals, automotive, pharmaceuticals, food processing, oil & gas, water & wastewater, and others. Among end-users, the waste & wastewater segment has the highest growth potential.
The segments and sub-segments covered in the report are analyzed under the following regions in Europe – Portugal, Italy, Germany, the U.K, Spain, France, and Rest of Europe with respective market sizing. The report discusses and interprets the current trends and future opportunities of the industry by delivering an unbiased growth assessment.
Market Research Future (MRFR) uses a combination of primary and secondary research to compile market reports. Primary data is accumulated from interviewing industry stalwarts and secondary data is collated by studying white papers and annual reports of leading players. Our analysts use top-down and bottom-up approaches to validate the findings of the report. The report comprises news, current trends, and future prospects related to the market, all of which can provide a thorough understanding of the market to clients. Industry leaders can make accurate business decisions based on our insights.
|Market Size||2023: USD 73,824.8 Million|
|CAGR||5.18% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, End-user|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Alfatubo, GPS PE Pipe Systems, Amanco, Corporación Empresarial de Materiales de Construcción, SA (COEMAC), Wavin Holding B.V., Saint Global S.A., Benteler International AG, Buhlmann Group, Aliaxis Group, Wienerberger AG, Europipe GmbH|
|Key Market Opportunities||
|Key Market Drivers||Supportive government policies pertaining to utilization of pipes in construction and energy sectors|
Frequently Asked Questions (FAQ) :
Europe pipe market is projected to grow at approximately 5.18% CAGR during the assessment period (2017-2023).
The valuation of the Europe pipe market is estimated to increase to USD 73,824.8 MN by the end of 2023.
Favorable government policies for the development of construction & energy infrastructure and the growing demand for water & wastewater treatment application, are major tailwinds pushing the growth of the Europe pipe market.
Alfatubo, Europipe GmbH, GPS PE Pipe Systems, Amanco, Wienerberger AG, Corporación Empresarial de Materiales de Construcción, SA (COEMAC), Wavin Holding B.V., Aliaxis Group, Saint Global S.A., Buhlmann Group, and Benteler International AG, are some of the top players operating in the Europe pipe market.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the Europe pipe market adopt to gain a larger competitive advantage.
Europe Pipes – Summary
The European pipe market is expected to soar high with a CAGR of 5.18% during the forecast period (2017-2023). It can touch USD 73,824.8 million mark by 2023, reports Market Research Future (MRFR). A useful mode of supply, these pipes are now one of the major lifelines of the European states and will enjoy considerable growth owing to rapid urbanization.
Governments across regions are now intensely involved in promotion and development of infrastructures. To boost the growth of the market further and propel the real estate sector, governments are now implementing stipulations, reforms, and integrating eco-friendly methods to attain a much sustainable future. Furthermore, a rise in industrialization and public projects can act as major driving factors.
Plastic pipes are much in demand for their superior life expectancy, cost-effectiveness, and easy installation process. On the other hand, various sectors such as transport now prefer flexible pipes that are lightweight, consistent, and offer high resistance to corrosion. Increasing onshore and offshore drilling has spurred the demand further for such pipes.
However, fluctuating raw material prices are impeding the growth of the market as manufacturers fail to decide on a suitable price often to maintain the cost-value ratio. Also, disposable PVC pipes affect the environment which can deter the market growth.
The Europe market for pipe is segmented by material and end-user.
By material, the market includes plastic, steel, aluminum, concrete, and copper. Among these, steel accounted for a large market share in 2016. It is likely to lure in more investment during the assessment period. The scenario is expected to remain so as the segment is also expected to grow with the fastest CAGR.
Based on end-user, the market comprises oil & gas, chemicals, automotive, pharmaceutical, food processing and water & wastewater. Water & wastewater segment held over 37.96% of the market of which the valuation was USD 21,083.2 Million in 2017. It is expected to grow at a CAGR of 4.80% during the assessment period. However, oil & gas whose market valuation was USD 10,829.8 Million in 2017 is estimated to grow at CAGR of 5.93% over the same period.
The European pipe market includes the U.K., France, Spain, Germany, Italy, Portugal, and Rest of Europe.
The U.K. market accounts for almost 23.89% of the European market. The rise in investment in the construction sector has given a boost to the market. Furthermore, government policies have influenced the manufacturers to meet the renewable objectives. The U.K.’s interest in oil and natural gas can be taken into the account as the pipe market affects it directly. According to the U.K Oil and Gas Industry Association Limited, in 2017, the U.K offshore oil and gas industry was estimated at USD 6.33 billion. And on natural gas assets, the industry has spent USD 7.91 billion. The numbers can speak for itself the influence it exacted upon the pipe market.
Germany relies heavily on imports for oil & natural gas which requires a proper structure with pipes being one of the main components. The burgeoning construction sector is also unswervingly boosting demand for pipes to be used by municipal and water & wastewater sectors. Automotive and engineering sectors are also generating the need for pipes.
The world is witnessing increasing investments in energy pipelines. Europe has its focus attuned to exploration and economic recovery owing to which 24 key crude and natural gas projects are expected to start operations by 2025 in Europe despite a slump in international oil prices. This could boost the market considerably.
Some of the key players in the market are Alfatubo, Wienerberger AG, Amanco, Benteler International AG, Saint Gobain S.A., Europipe GmbH, Corporación Empresarial de Materiales de Construcción, Buhlmann Group, S.A. (COEMAC), Wavin Holding B.V., Molecor, GPS PE Pipe Systems and Aliaxis Group.
Europe Pipe Market: Competitive Landscape
Europe Pipe market is characterized by the presence of many regional and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality services, to survive and succeed in an intensely competitive market environment.
In 2017, Saint Gobain S.A was one of the leading players in the market. It is a glass manufacturing company but also produces a variety of construction and high-performance materials. The company is segmented into three businesses, namely innovative materials, construction products, and building distribution. The company intends on continuing increasing their market share in the current business lines and related business lines through acquisitions and internal growth. It uses a disciplined approach to make acquisitions that generate attractive cash returns, and as a result, it expects to continue to expand and diversify the customer base, geographic presence, and product lines.
Wienerberger AG is a global supplier of building material and infrastructure solutions, situated in Vienna. Founded in 1819, the company is a multinational producer of clay blocks, facing bricks, and roof tiles; ceramic and plastic pipes; and concrete and clay pavers. The company wants to be the most highly regarded producer of building materials and infrastructure solutions. The primary goal is to achieve a sustainable increase in the value of the company by ecological, social, and economic principles. The company has continuously been focusing on improving and developing products and system solutions for all fields of application.
Walker Modular acquired the third spot in the market. Walker Modular is Europe’s Leading designer, manufacturer and primary supplier, engaged inbuilt bathroom pods to suit all environments. Walker Modular has supplied more than 150,000 bathroom pods and specializing in the unique Marine Grade Composite bathroom pod that provides a single one-piece structure. The company sees its key strategy as investing in research and product development. It has been able to expand its prefabricated construction capabilities and come up with prefabricated structures to cater to the changing requirements of construction industry.
Europe is a global pipe manufacturer headquartered in Germany. The company has production facilities in longitudinal seam-welded large-diameter pipes in Germany and the U.S. The company intends to grow its market share in the current and related business lines through acquisitions and internal growth. They focus on a disciplined market approach to the acquisition of assets so that their functional cost would be minimum and as a result, they expect to continue to expand and diversify the customer base, geographic presence, and product lines through product diversification.
Benteler International AG is one of the largest manufacturers and sellers of products, systems, and services for the automotive, energy, and mechanical engineering sectors. The company sees its crucial strategy as merging its subsidiaries and operations with SGL Group to make the company more efficient and better positioned for growth. The company also believes in investing in product development to extend its product line.
Europe Pipe market is characterized by the presence of regional, and local vendors. The market is highly competitive with all the players competing to gain market share. The vendors compete based on cost, product quality, reliability, and aftermarket services. It is crucial for the vendors to provide cost-efficient and high-quality product and services, to survive and succeed in an intensely competitive market environment.