Pipe Wrenches Market

The global Pipe Wrenches market was valued at 70.66 Million USD in 2021 and will grow with a CAGR of 3.07% from 2021 to 2027, based on newly published report.
The prime objective of Pipe Wrenches Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Pipe Wrenches Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
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. Pipe wrenches are usually sold in the following sizes (by length of handle): 10, 12, 14, 18, 24, 36, and 48 inches, although smaller and larger sizes are available as well. They are usually made of cast steel. Today, aluminum is also used to construct the body of the wrench, while the teeth and jaw remain steel. Teeth, and jaw kits (which also contain adjustment rings and springs) can be bought to repair broken wrenches, as this is cheaper than buying a new wrench. 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. Third, as for the Pipe Wrenches market, it will still show optimistic trend, and technological trends in the market will stay stable.
By Market Verdors:
Stanley
RIDGID
TTI Group
Apex Tool Group
SNAP-ON
Irwin
REED
Stahlwille
Wiha Tools
Wheeler-Rex

By Types:
Small Size (Length?200 mm)
Medium Size (200 mmLarger Size (Length?800 mm)

By Applications:
Petrochemical Pipeline
Civil Pipeline

Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements