Market Overview:
The global compression fitting market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for compression fittings in residential, commercial, and industrial applications. Union is the most commonly used type of compression fitting in these applications and is expected to hold a major share of the market during the forecast period. North America dominates the global compression fitting market and is followed by Europe, Asia Pacific, Latin America, and Middle East & Africa respectively.
Product Definition:
Compression fittings are used in plumbing to join two pieces of pipe together. They work by compressing a gasket between the two pipes, which creates a watertight seal.
Union:
The global union market size was valued at USD 2.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of its increasing application in the oil & gas industry for compression fittings such as male/female, tee, triple-seal, and globe valves. The growth factor is attributed to factors such as growing demand from emerging economies including China & India coupled with expansion activities by major players operating in these regions.
Union Elbow:
The elbow is a joint in the human body which is used for moving the arm and hand. The elbow has a very important role to play while performing any physical activity. If this joint gets injured then it will affect the entire body movement. Union (Also known as lateral intercostal or lateral interphalangeal) Elbow Compression fitting helps in reducing pain, improving function, and increasing range of motion during any physical activity by supporting damaged ligaments at your elbow joint.
Application Insights:
The industrial application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. Union Compression Fitting (UCE) has numerous applications in industries such as oil & gas, power generation, chemicals, etc. The product reduces energy costs by reducing heat loss caused due to friction between pipes and equipment insulation owing to its high thermal conductivity property.
The residential application segment was valued at USD 1,252.1 million in 2017.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of key players such as 3M; CooperSolutions, Inc.; Elcoman Srl; and Plasti- subscribon. North America is also home to several universities and colleges, which are actively engaged in research activities pertaining to engineering solutions using compression fittings.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing construction activities due tp growing population along with rising disposable income levels especially in developing countries such as China and India.
Growth Factors:
- Increasing demand for compressed air in various industries for efficient and effective operations
- Growing popularity of pneumatic tools, which require compressed air for operation
- Rising investments in manufacturing and processing sectors across the globe
- Proliferation of advanced technologies and equipment that need compressed air for their functioning
- Stringent government regulations to reduce environmental pollution levels
Scope Of The Report
Report Attributes
Report Details
Report Title
Compression Fitting Market Research Report
By Type
Union, Union Elbow, Union TEE, Union Cross
By Application
Residential, Commercial, Industrial, Other
By Companies
Parker Hannifin, Swagelok, Brennan, Eaton, HOKE, Beswick Engineering, Mid-America Fittings, AMC, DK-Lok, Ham-Let, Pegler Yorkshire, Hy-lok, FIP, Coilhose Pneumatics, Eisele Pneumatics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Compression Fitting Market Report Segments:
The global Compression Fitting market is segmented on the basis of:
Types
Union, Union Elbow, Union TEE, Union Cross
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Parker Hannifin
- Swagelok
- Brennan
- Eaton
- HOKE
- Beswick Engineering
- Mid-America Fittings
- AMC
- DK-Lok
- Ham-Let
- Pegler Yorkshire
- Hy-lok
- FIP
- Coilhose Pneumatics
- Eisele Pneumatics
Highlights of The Compression Fitting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Union
- Union Elbow
- Union TEE
- Union Cross
- By Application:
- Residential
- Commercial
- Industrial
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Compression Fitting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Compression fitting is a process of using a specially designed tool to fit an object, such as a pipe or tube, into an opening in another object.
Some of the major companies in the compression fitting market are Parker Hannifin, Swagelok, Brennan, Eaton, HOKE, Beswick Engineering, Mid-America Fittings, AMC, DK-Lok, Ham-Let, Pegler Yorkshire, Hy-lok, FIP, Coilhose Pneumatics, Eisele Pneumatics.
The compression fitting market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Compression Fitting Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Compression Fitting Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Compression Fitting Market - Supply Chain
4.5. Global Compression Fitting Market Forecast
4.5.1. Compression Fitting Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Compression Fitting Market Size (000 Units) and Y-o-Y Growth
4.5.3. Compression Fitting Market Absolute $ Opportunity
5. Global Compression Fitting Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Compression Fitting Market Size and Volume Forecast by Type
5.3.1. Union
5.3.2. Union Elbow
5.3.3. Union TEE
5.3.4. Union Cross
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Compression Fitting Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Compression Fitting Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Compression Fitting Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Compression Fitting Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Compression Fitting Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Compression Fitting Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Compression Fitting Demand Share Forecast, 2019-2026
9. North America Compression Fitting Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Compression Fitting Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Compression Fitting Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Compression Fitting Market Size and Volume Forecast by Type
9.7.1. Union
9.7.2. Union Elbow
9.7.3. Union TEE
9.7.4. Union Cross
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Compression Fitting Demand Share Forecast, 2019-2026
10. Latin America Compression Fitting Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Compression Fitting Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Compression Fitting Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Compression Fitting Market Size and Volume Forecast by Type
10.7.1. Union
10.7.2. Union Elbow
10.7.3. Union TEE
10.7.4. Union Cross
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Compression Fitting Demand Share Forecast, 2019-2026
11. Europe Compression Fitting Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Compression Fitting Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Compression Fitting Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Compression Fitting Market Size and Volume Forecast by Type
11.7.1. Union
11.7.2. Union Elbow
11.7.3. Union TEE
11.7.4. Union Cross
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Compression Fitting Demand Share, 2019-2026
12. Asia Pacific Compression Fitting Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Compression Fitting Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Compression Fitting Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Compression Fitting Market Size and Volume Forecast by Type
12.7.1. Union
12.7.2. Union Elbow
12.7.3. Union TEE
12.7.4. Union Cross
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Compression Fitting Demand Share, 2019-2026
13. Middle East & Africa Compression Fitting Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Compression Fitting Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Compression Fitting Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Compression Fitting Market Size and Volume Forecast by Type
13.7.1. Union
13.7.2. Union Elbow
13.7.3. Union TEE
13.7.4. Union Cross
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Compression Fitting Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Compression Fitting Market: Market Share Analysis
14.2. Compression Fitting Distributors and Customers
14.3. Compression Fitting Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Parker Hannifin
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Swagelok
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Brennan
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eaton
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. HOKE
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Beswick Engineering
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mid-America Fittings
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AMC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DK-Lok
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ham-Let
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pegler Yorkshire
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hy-lok
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. FIP
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Coilhose Pneumatics
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Eisele Pneumatics
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
