Market Overview:
The global concentric reducers market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for concentric reducers in various applications such as chemistry, industry, living facilities, and others. In addition, the growing awareness about the benefits of using concentric reducers is also expected to fuel the demand for this product over the forecast period. On the basis of type, iron accounted for a major share of the global concentric reducers market in 2017. This can be attributed to its properties such as durability and resistance against corrosion. However, plastic is projected to exhibit highest CAGR during 2018-2030 owing to its properties such as lightweight and easy installation. Based on application, industry held a dominant position in 2017 and is expected to maintain its dominance throughout the forecast period.
Product Definition:
Concentric reducers are a type of fitting that is used to join two pipes together. They are typically used when there is a need to reduce the size of the pipe, as they can decrease the diameter of the pipe by up to 50%. This type of fitting is often used in plumbing applications, as it allows for a more seamless transition between two different-sized pipes.
Iron:
Iron is a chemical element that has the symbol Fe and the atomic number 26. It is a metal, which was first discovered in 1803 by Hans Christian Oersted. Oersted named it after the color of iron oxide (Fe2O3) that he noticed when he tested its magnetic property for himself.
Plastic:
Plastic is a generic name for synthetic or artificial substances used in the production of various products. The most common types of plastic are polyethylene, polypropylene, and polystyrene. Plastic is produced from crude oil by means of polymerization and/or copolymerization under high temperatures and pressures.
Application Insights:
The industry application segment accounted for the largest share of the global revenue in 2017. The growing chemical industry across the globe is expected to provide numerous opportunities for reduction solutions providers over the next six years. Iron and steel are used as raw materials in large quantities for manufacturing various industrial equipment, such as blast furnace, rolling mills, cold rolled sheets and bars, hot rolled coils and rods among others.
The living facilities application segment is projected to witness significant growth over the forecast period owing to increasing construction activities at a global level due to rapid urbanization along with rising demand from other applications such as agriculture equipment & tools among others. Steel products are widely used in residential constructions owing to their lightweight properties which reduces structural stress on buildings during earthquakes or typhoons without compromising on durability or quality standards required by end-users.
Regional Analysis:
Asia Pacific dominated the global concentric reducers market in 2017 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing demand for high-speed machinery from several industries, such as automotive, electronics and textile. Increasing population in emerging countries of Asia Pacific including China, India and Bangladesh has led to an increase in construction activities across these regions which will further boost product demand.
The North America market was valued at USD X million in 2017 owing to a rise in spending on infrastructure projects by governments as well as private companies operating within the U.S., Canada and Mexico region will drive product demand over the forecast period.
Europe accounted for a significant share of revenue generated by concentric reducers globally due to presence of major automobile manufacturers such as Volkswagen Group; BMW AG; Mercedes Benz AG; Fiat Chrysler Automobiles N.
Growth Factors:
- Increasing demand from the end-use industries
- Growing popularity of concentric reducers in the global market
- Rising investments by leading players in research and development activities
- Technological advancements in the manufacturing process of concentric reducers
- Expansion of distribution channels by key players to reach a wider customer base
Scope Of The Report
Report Attributes
Report Details
Report Title
Concentric Reducers Market Research Report
By Type
Iron, Plastic, Other
By Application
Chemistry, Industry, Living Facilities, Others
By Companies
United Forge, HUAYU PIPE FITTING, Ahmedabad, Rajendra, Fernco, ZHEJIANG KINDLY PIPE FITTINGS, Wenzhou Welsure Steel, Bonney Forge, Cangzhou Kunhang Pipe Fittings, GT Metals＆Tubes, Hebei Haihao High Pressure Flange Pipe Fitting
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Concentric Reducers Market Report Segments:
The global Concentric Reducers market is segmented on the basis of:
Types
Iron, Plastic, Other
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
Chemistry, Industry, Living Facilities, Others
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:
- United Forge
- HUAYU PIPE FITTING
- Ahmedabad
- Rajendra
- Fernco
- ZHEJIANG KINDLY PIPE FITTINGS
- Wenzhou Welsure Steel
- Bonney Forge
- Cangzhou Kunhang Pipe Fittings
- GT Metals＆Tubes
- Hebei Haihao High Pressure Flange Pipe Fitting
Highlights of The Concentric Reducers 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:
- Iron
- Plastic
- Other
- By Application:
- Chemistry
- Industry
- Living Facilities
- Others
- 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 Concentric Reducers 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Concentric reducers are a type of reducer that reduce the number of intermediate results by grouping together results that have similar properties.
Some of the major players in the concentric reducers market are United Forge, HUAYU PIPE FITTING, Ahmedabad, Rajendra, Fernco, ZHEJIANG KINDLY PIPE FITTINGS, Wenzhou Welsure Steel, Bonney Forge, Cangzhou Kunhang Pipe Fittings, GT Metals＆Tubes, Hebei Haihao High Pressure Flange Pipe Fitting.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Concentric Reducers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Concentric Reducers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Concentric Reducers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Concentric Reducers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Concentric Reducers Market Size & Forecast, 2020-2028
4.5.1 Concentric Reducers Market Size and Y-o-Y Growth
4.5.2 Concentric Reducers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Iron
5.2.2 Plastic
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemistry
6.2.2 Industry
6.2.3 Living Facilities
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Concentric Reducers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Concentric Reducers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Iron
9.6.2 Plastic
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemistry
9.10.2 Industry
9.10.3 Living Facilities
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Iron
10.6.2 Plastic
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemistry
10.10.2 Industry
10.10.3 Living Facilities
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Iron
11.6.2 Plastic
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemistry
11.10.2 Industry
11.10.3 Living Facilities
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Iron
12.6.2 Plastic
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemistry
12.10.2 Industry
12.10.3 Living Facilities
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Iron
13.6.2 Plastic
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemistry
13.10.2 Industry
13.10.3 Living Facilities
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Concentric Reducers Market: Competitive Dashboard
14.2 Global Concentric Reducers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 United Forge
14.3.2 HUAYU PIPE FITTING
14.3.3 Ahmedabad
14.3.4 Rajendra
14.3.5 Fernco
14.3.6 ZHEJIANG KINDLY PIPE FITTINGS
14.3.7 Wenzhou Welsure Steel
14.3.8 Bonney Forge
14.3.9 Cangzhou Kunhang Pipe Fittings
14.3.10 GT Metals＆Tubes
14.3.11 Hebei Haihao High Pressure Flange Pipe Fitting
