Wilmington, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Global Copper Pipes & Tubes Market size is valued at US$ 29.5 billion in 2023 and is predicted to rise at a substantial CAGR of 4.2% during the forecast period of 2023 and 2030 according to RationalStat analysis.
Market Definition, Market Scope, and Report Overview
The copper pipes and tubes market is influenced by several drivers that impact its growth and demand. The construction industry is a major driver for the copper pipes and tubes market. Copper pipes and tubes are extensively used in plumbing, heating, and cooling systems in residential, commercial, and industrial buildings. The expanding construction activities, especially in emerging economies, drive the demand for copper pipes and tubes.
Further, Copper pipes and tubes offer several advantages, including high thermal and electrical conductivity, corrosion resistance, durability, and recyclability. These properties make copper a preferred choice over other materials in various industries, such as HVAC (heating, ventilation, and air conditioning), plumbing, and electronics, thereby driving the market growth.
- According to a deep-dive market assessment by RationalStat, the copper pipes & tubes market has been analyzed based on market segments, including finish type, application, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the copper pipes & tubes market covers market sizes based on market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the copper pipes & tubes market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
Request A Customization- https://store.rationalstat.com/store/global-copper-pipes-tubes-market/#tab-ux_global_tab
Global Copper Pipes & Tubes Market: Segmental and Market Share Analysis
- Based on the application, the industrial heat exchanger segment is expected to capture the majority of the copper pipes & tubes market as copper is an excellent heat and electricity conductor, which makes it a preferable material in industries.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 29.5 billion |
| Market Size Forecast | US$ 39.3 billion |
| Growth Rate | 4.2% |
| Dominant Segment | Industrial Heat Exchanger Segment |
| Leading Region | Asia Pacific |
| Key Market Drivers |
|
| Companies Profiled |
|
Explore more about this report- https://store.rationalstat.com/store/global-copper-pipes-tubes-market/#tab-ux_global_tab
Competition Analysis and Market Structure
Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players.
Some of the prominent players and suppliers operating and contributing significantly to the copper pipes & tubes market growth include Furukawa Electric Co., Ltd, KME Germany GmbH, Kobe Steel, Ltd., Luvata, MetTube Sdn Bhd, Mueller Industries Inc., KMCT Corporation, Cerro Flow Products LLC, Golden Dragon Precise Copper Tube Group Inc., and Qingdao Hongtai Metal Co., Ltd., among others.
Get A Free Sample- https://store.rationalstat.com/store/global-copper-pipes-tubes-market/#tab-ux_global_tab
RationalStat has segmented the copper pipes & tubes market based on finish type, application, and region
- Global Copper Pipes & Tubes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Finish Type
- LWC Grooved
- Straight Length
- Pan Cake
- LWC Plain
- Global Copper Pipes & Tubes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- HVAC
- Industrial Heat Exchanger
- Plumbing
- Electrical
- Others
- Global Copper Pipes & Tubes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Copper Pipes & Tubes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- US
- Canada
- Latin America Copper Pipes & Tubes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Copper Pipes & Tubes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Copper Pipes & Tubes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Copper Pipes & Tubes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Copper Pipes & Tubes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Copper Pipes & Tubes Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
For more information about this report- https://store.rationalstat.com/store/global-copper-pipes-tubes-market/
Key Questions Answered in the Copper Pipes & Tubes Report:
- What will be the market value of the copper pipes & tubes market by 2030?
- What is the market size of the copper pipes & tubes market?
- What are the market drivers of the copper pipes & tubes market?
- What are the key trends in the copper pipes & tubes market?
- Which is the leading region in the copper pipes & tubes market?
- What are the major companies operating in the copper pipes & tubes market?
- What are the market shares by key segments in the copper pipes & tubes market?
Running a Year End Discount of 20%- https://store.rationalstat.com/store/global-copper-pipes-tubes-market/#tab-ux_global_tab
Explore Our Trending Reports
- Global Tuned Mass Damper Market- Global Tuned Mass Damper Market is expected to grow at a significant CAGR over the forecast period of 2022-2028
- Global Metal Cladding Market- Market Intelligence and Forecast Analysis by Countries, Material, End Use, Application, and Competitive Landscape
- Global Corrugated Roofing Sheets Market- Global Corrugated Roofing Sheets Market is expected to grow at a significant CAGR of 3.4% over the forecast period of 2022-2028.
- Global Construction and Mining Market-Global Construction and Mining Market is expected to grow at a CAGR of 4.3% over the forecast period of 2022-2028
- Global Bridge Expansion Joints Market- Global Bridge Expansion Joints Market is expected to grow at a CAGR of 5.1% over the forecast period of 2022-2028.
- Global Building Information Modeling [BIM] Solutions Market- Global Building Information Modeling [BIM] Solutions Market is expected to grow at a CAGR of 17.6% over the forecast period of 2022-2028.
- Global Portable Hyperbaric Chamber Market- Global Portable Hyperbaric Chamber Market is expected to grow at a CAGR of 8.4% over the forecast period of 2022-2028.
- Global Sonic Drill Rigs Market- Global Sonic Drill Rigs Market is expected to grow at a significant CAGR over the forecast period of 2022-2028.
- Global Down the Hole Hammers Market- Global Down the Hole Hammers Market is expected to grow at a CAGR of 8.1% over the forecast period of 2022-2028
- Global Sonic Drill Rigs Market- Global Sonic Drill Rigs Market is expected to grow at a significant CAGR over the forecast period of 2022-2028
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoints to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Download Key Insights and Market Data - Raise a Query
About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
Contact
RationalStat LLC
Kimberly Shaw,
Content and Press Manager
US Phone: +1 302 803 5429
UK Phone: +44 203-287-1245
LinkedIn | Facebook | Twitter | Instagram | Pinterest
