Global Pipe Wrenches Market Growth 2019-2024

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.

According to this study, over the next five years the Pipe Wrenches market will register a 3.1% CAGR in terms of revenue, the global market size will reach US$ 800 million by 2024, from US$ 670 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Pipe Wrenches business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Pipe Wrenches market by product type, application, key manufacturers and key regions and countries.

This study considers the Pipe Wrenches value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Small Size (Length≤200 mm)
Medium Size (200 mm Larger Size (Length≥800 mm)
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Petrochemical Pipeline
Civil Pipeline
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Stanley
RIDGID
TTI Group
Apex Tool Group
SNAP-ON
Irwin
REED
Stahlwille
Wiha Tools
Wheeler-Rex

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Pipe Wrenches consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Pipe Wrenches market by identifying its various subsegments.
Focuses on the key global Pipe Wrenches manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Pipe Wrenches with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Pipe Wrenches submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.