Market Overview:
The global plumbing wrenches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for plumbing wrenches in residential and commercial applications. In addition, the growing construction industry is also contributing to the growth of this market. The global plumbing wrenches market can be segmented on the basis of type into adjustable and fixed plumbing wrenches. The adjustable type is expected to grow at a higher CAGR than the fixed type during the forecast period from 2018 to 2030. This can be attributed to its versatility as it can be used for multiple applications. On the basis of application, this market can be segmented into residential and commercial applications.
Product Definition:
A plumbing wrench is a tool that is used to tighten or loosen fittings on pipes. They come in a variety of sizes and shapes, but all are specifically designed to work with plumbing fittings.
Adjustable:
An adjustable wrench is a tool, which can be used to provide a tight grip and torque specifications. It's basically an open-ended pipe or shaft with an attached angle iron or wooden handle. The end of the pipe is usually fitted with a nut that allows the user to tighten it by turning the nut clockwise and anticlockwise using hand pressure applied to the ends of the pipe.
Fixed:
Fixed or rigid wrenches are used in plumbing wrenches market for the purpose of turning, tightening or loosening the nuts and bolts. The fixed wrench is a tool that is used to hand-tighten and -loosen fittings on various equipment such as household appliances, automotive components, tools & machinery among others. Fixed wrenches are also known as spanner wrenches which are widely accepted across several industries including construction equipment manufacturing and oil & gas industry among others.
Application Insights:
The residential application segment accounted for the largest share of more than 60.0% in 2017. The rising number of single-family houses and multi-story residential buildings in developing countries including India and China is expected to remain a prominent factor driving the global plumbing wrenches market over the forecast period. In addition, increasing urbanization in developing countries including India, China and Brazil is likely to propel product demand from 2018 to 2030.
Commercial applications are projected to expand at a CAGR of XX% from 2018 to 2030 owing majorly due to growing construction spending by businesses across various regions including North America and Europe Pacific as well as Latin America which will further fuel product demand over the next eight years or so.
Regional Analysis:
Asia Pacific was the leading revenue contributor in 2017 and is anticipated to continue its dominance over the forecast period. The region is home to some of the major markets including China, India, Japan and South Korea. Increasing construction activities coupled with growing residential applications are expected to drive product demand in Asia Pacific during the forecast period.
Europe accounted for a significant share of global market revenue owing to high product adoption by consumers for various plumbing tasks such as installation or repair of pipes and fixtures in their houses or commercial buildings such as restaurants, hotels, hospitals etc. In addition, increasing number of plumbing companies offering services at domestic level is also expected to boost industry growth over next eight years.
North America emerged as one of the prominent regional markets due to presence of developed economies like U S A & Canada along with other developing nations like Mexico that have a huge potential for economic development through infrastructure projects which can be used for piping system installation thereby driving industry growth over next eight years.
Growth Factors:
- Increasing demand for plumbing services in developing countries
- Rising construction of new homes and buildings
- Growing popularity of do-it-yourself (DIY) projects
- Technological advancements in wrench manufacturing process
- Emergence of online retail platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Plumbing Wrenches Market Research Report
By Type
Adjustable, Fixed
By Application
Residential, Commercial
By Companies
Husky, RIDGID, Milwaukee, Apollo, Eastman, Imperial, Klein Tools, JSC, Armour Line, The Plumber's Choice
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Plumbing Wrenches Market Report Segments:
The global Plumbing Wrenches market is segmented on the basis of:
Types
Adjustable, Fixed
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
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:
- Husky
- RIDGID
- Milwaukee
- Apollo
- Eastman
- Imperial
- Klein Tools
- JSC
- Armour Line
- The Plumber's Choice
Highlights of The Plumbing Wrenches 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:
- Adjustable
- Fixed
- By Application:
- Residential
- Commercial
- 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 Plumbing Wrenches 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?
A plumbing wrench is a tool used to tighten or loosen screws in pipes.
Some of the major companies in the plumbing wrenches market are Husky, RIDGID, Milwaukee, Apollo, Eastman, Imperial, Klein Tools, JSC, Armour Line, The Plumber's Choice.
The plumbing wrenches market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plumbing Wrenches 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 Plumbing Wrenches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plumbing Wrenches 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 Plumbing Wrenches 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 Plumbing Wrenches Market Size & Forecast, 2018-2028
4.5.1 Plumbing Wrenches Market Size and Y-o-Y Growth
4.5.2 Plumbing Wrenches Market Absolute $ Opportunity
Chapter 5 Global Plumbing Wrenches 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 Plumbing Wrenches Market Size Forecast by Type
5.2.1 Adjustable
5.2.2 Fixed
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plumbing Wrenches 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 Plumbing Wrenches Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plumbing Wrenches 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 Plumbing Wrenches 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 Plumbing Wrenches Analysis and Forecast
9.1 Introduction
9.2 North America Plumbing Wrenches 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 Plumbing Wrenches Market Size Forecast by Type
9.6.1 Adjustable
9.6.2 Fixed
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 Plumbing Wrenches Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
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 Plumbing Wrenches Analysis and Forecast
10.1 Introduction
10.2 Europe Plumbing Wrenches 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 Plumbing Wrenches Market Size Forecast by Type
10.6.1 Adjustable
10.6.2 Fixed
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 Plumbing Wrenches Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
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 Plumbing Wrenches Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plumbing Wrenches 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 Plumbing Wrenches Market Size Forecast by Type
11.6.1 Adjustable
11.6.2 Fixed
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 Plumbing Wrenches Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
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 Plumbing Wrenches Analysis and Forecast
12.1 Introduction
12.2 Latin America Plumbing Wrenches 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 Plumbing Wrenches Market Size Forecast by Type
12.6.1 Adjustable
12.6.2 Fixed
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 Plumbing Wrenches Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
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) Plumbing Wrenches Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plumbing Wrenches 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) Plumbing Wrenches Market Size Forecast by Type
13.6.1 Adjustable
13.6.2 Fixed
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) Plumbing Wrenches Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
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 Plumbing Wrenches Market: Competitive Dashboard
14.2 Global Plumbing Wrenches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Husky
14.3.2 RIDGID
14.3.3 Milwaukee
14.3.4 Apollo
14.3.5 Eastman
14.3.6 Imperial
14.3.7 Klein Tools
14.3.8 JSC
14.3.9 Armour Line
14.3.10 The Plumber's Choice
