Market Overview:
The global oil and gas fittings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, factors such as rising investments in exploration and production activities, growing population, and improving standards of living are also contributing to the growth of this market. The global oil and gas fittings market is segmented on the basis of type, application, and region. On the basis of type, it is divided into carbon steel material, stainless steel material, alloy steel material, fiberglass material composite material,, others). Carbon steel dominates this segment owing to its low cost as compared to other materials used in manufacturing fittings for oil & gas applications. Stainless steel is another major type used in this market due its corrosion resistance properties which make it ideal for use in offshore applications where high levels or saline water are present .On th e basis o f application , t he m arket i s se gmented i nt o onshore an d offshore segments . O nshore applicatio ns dominate thi s segm ent du e t o increasin g deman d fo r energ y fr om domesti c sourc es .
Product Definition:
A fitting is a device that connects two sections of pipe. Oil and gas fittings are used in the oil and gas industries to connect pipes carrying these commodities. The importance of oil and gas fittings is twofold: first, they ensure a watertight connection between pipes, preventing the escape of these valuable resources; second, they help to direct the flow of oil or gas through pipelines.
Carbon Steel Material:
Carbon steel material is one of the most common and economical metals used in oil and gas fittings. It has a high strength-to-weight ratio which makes it ideal for applications where low weight is required. Carbon steel finds its major application in production processes such as drilling, exploration, refining, processing & transportation equipment along with pipelines.
Carbon steel materials are witnessing an increase in demand from the oil & gas industry owing to their properties such as corrosion resistance, high strength.
Stainless Steel Material:
Stainless steel material is a type of metal that has greater corrosion resistance than regular steel. The material is used in various applications including oil and gas fittings as it can withstand harsh conditions such as high temperature and pressure.
The global oil & gas fittings market size was valued at USD 31,10 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
Onshore application dominated the global oil and gas fittings market in 2017, accounting for over 60% of the overall revenue share. The growth can be attributed to increasing onshore exploration activities across major economies such as Saudi Arabia, Russia, China and Mexico. Onshore operations mainly include conventional on-site facilities such as well completions with associated equipment & services.
Global offshore application is expected to witness significant growth over the forecast period owing to rising demand from emerging economies including Brazil, South Africa and Malaysia due to increasing production levels at existing fields which has resulted in a higher number of wells being drilled per day leading to an increased requirement for platform supply vessels among others. Offshore operations mainly comprise subsea installations & services along with related equipment & services thereby contributing towards a substantial revenue share of around 40% globally in 2017.
Regional Analysis:
North America was the dominant regional market in 2017 and will expand further at a steady CAGR from 2018 to 2030 owing to the presence of mature fields and growing demand for enhanced oil recovery (EOR) techniques. The U.S., being an energy-rich nation, is one of the prominent consumers of these products globally.
Asia Pacific is expected to be one of the fastest-growing regions over the forecast period owing to increasing offshore drilling activities in countries such as China, India, Malaysia, Indonesia, Vietnam among others. In addition, rising government support for developing unconventional hydrocarbon reserves will drive industry growth over this period.
The Middle East & Africa region accounted for a share of approximately 11% in terms of volume in 2017 on account high demand from Nigeria.
Growth Factors:
- Increasing demand from the developing countries for oil and gas fittings due to the growth of their economies and population.
- Rapid industrialization in the Asia Pacific region is also expected to drive the demand for oil and gas fittings in this region over the next few years.
- The increasing use of natural gas as a fuel across various industries is also projected to boost the demand for oil and gas fittings in near future.
- Growing investments by key players in R&D activities aimed at designing advanced oil and gas fittings is likely to propel market growth during forecast period.
- Rising awareness among consumers regarding benefits of using high-quality oil and gas fittings is anticipated to create new opportunities for market players over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil and Gas Fittings Market Research Report
By Type
Carbon Steel Material, Stainless Steel Material, Alloy Steel Material, Fiberglass Material, Composite Material, Others
By Application
Onshore, Offshore
By Companies
Anvil International, AVK UK Ltd, JVS Engineers, The Weir Group, Hy-Lok, BOP Products, FitTech Industries, Gelbach, GrupoCunado, KINGSA Industries, Probe Oil Tools, PSL Pipe?Fittings, Yingkon Haitai Metal, Pipe Fittings, Woodco USA
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Oil and Gas Fittings Market Report Segments:
The global Oil and Gas Fittings market is segmented on the basis of:
Types
Carbon Steel Material, Stainless Steel Material, Alloy Steel Material, Fiberglass Material, Composite Material, Others
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
Onshore, Offshore
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:
- Anvil International
- AVK UK Ltd
- JVS Engineers
- The Weir Group
- Hy-Lok
- BOP Products
- FitTech Industries
- Gelbach
- GrupoCunado
- KINGSA Industries
- Probe Oil Tools
- PSL Pipe?Fittings
- Yingkon Haitai Metal
- Pipe Fittings
- Woodco USA
Highlights of The Oil and Gas Fittings 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:
- Carbon Steel Material
- Stainless Steel Material
- Alloy Steel Material
- Fiberglass Material
- Composite Material
- Others
- By Application:
- Onshore
- Offshore
- 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 Oil and Gas Fittings 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?
Oil and gas fittings are the connections between the wellhead, production tubing, and other equipment. They allow oil and gas to flow freely from the wellhead to where it is needed.
Some of the major players in the oil and gas fittings market are Anvil International, AVK UK Ltd, JVS Engineers, The Weir Group, Hy-Lok, BOP Products, FitTech Industries, Gelbach, GrupoCunado, KINGSA Industries, Probe Oil Tools, PSL Pipe?Fittings, Yingkon Haitai Metal, Pipe Fittings, Woodco USA.
The oil and gas fittings 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. Oil and Gas Fittings 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. Oil and Gas Fittings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil and Gas Fittings Market - Supply Chain
4.5. Global Oil and Gas Fittings Market Forecast
4.5.1. Oil and Gas Fittings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil and Gas Fittings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oil and Gas Fittings Market Absolute $ Opportunity
5. Global Oil and Gas Fittings 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. Oil and Gas Fittings Market Size and Volume Forecast by Type
5.3.1. Carbon Steel Material
5.3.2. Stainless Steel Material
5.3.3. Alloy Steel Material
5.3.4. Fiberglass Material
5.3.5. Composite Material
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oil and Gas Fittings 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. Oil and Gas Fittings Market Size and Volume Forecast by Application
6.3.1. Onshore
6.3.2. Offshore
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oil and Gas Fittings 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. Oil and Gas Fittings 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 Oil and Gas Fittings 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. Oil and Gas Fittings 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 Oil and Gas Fittings Demand Share Forecast, 2019-2026
9. North America Oil and Gas Fittings 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 Oil and Gas Fittings 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 Oil and Gas Fittings Market Size and Volume Forecast by Application
9.4.1. Onshore
9.4.2. Offshore
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oil and Gas Fittings Market Size and Volume Forecast by Type
9.7.1. Carbon Steel Material
9.7.2. Stainless Steel Material
9.7.3. Alloy Steel Material
9.7.4. Fiberglass Material
9.7.5. Composite Material
9.7.6. Others
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 Oil and Gas Fittings Demand Share Forecast, 2019-2026
10. Latin America Oil and Gas Fittings 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 Oil and Gas Fittings 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 Oil and Gas Fittings Market Size and Volume Forecast by Application
10.4.1. Onshore
10.4.2. Offshore
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oil and Gas Fittings Market Size and Volume Forecast by Type
10.7.1. Carbon Steel Material
10.7.2. Stainless Steel Material
10.7.3. Alloy Steel Material
10.7.4. Fiberglass Material
10.7.5. Composite Material
10.7.6. Others
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 Oil and Gas Fittings Demand Share Forecast, 2019-2026
11. Europe Oil and Gas Fittings 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 Oil and Gas Fittings 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 Oil and Gas Fittings Market Size and Volume Forecast by Application
11.4.1. Onshore
11.4.2. Offshore
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oil and Gas Fittings Market Size and Volume Forecast by Type
11.7.1. Carbon Steel Material
11.7.2. Stainless Steel Material
11.7.3. Alloy Steel Material
11.7.4. Fiberglass Material
11.7.5. Composite Material
11.7.6. Others
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 Oil and Gas Fittings Demand Share, 2019-2026
12. Asia Pacific Oil and Gas Fittings 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 Oil and Gas Fittings 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 Oil and Gas Fittings Market Size and Volume Forecast by Application
12.4.1. Onshore
12.4.2. Offshore
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oil and Gas Fittings Market Size and Volume Forecast by Type
12.7.1. Carbon Steel Material
12.7.2. Stainless Steel Material
12.7.3. Alloy Steel Material
12.7.4. Fiberglass Material
12.7.5. Composite Material
12.7.6. Others
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 Oil and Gas Fittings Demand Share, 2019-2026
13. Middle East & Africa Oil and Gas Fittings 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 Oil and Gas Fittings 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 Oil and Gas Fittings Market Size and Volume Forecast by Application
13.4.1. Onshore
13.4.2. Offshore
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oil and Gas Fittings Market Size and Volume Forecast by Type
13.7.1. Carbon Steel Material
13.7.2. Stainless Steel Material
13.7.3. Alloy Steel Material
13.7.4. Fiberglass Material
13.7.5. Composite Material
13.7.6. Others
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 Oil and Gas Fittings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Oil and Gas Fittings Market: Market Share Analysis
14.2. Oil and Gas Fittings Distributors and Customers
14.3. Oil and Gas Fittings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Anvil International
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AVK UK Ltd
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. JVS Engineers
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. The Weir Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hy-Lok
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BOP Products
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FitTech Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Gelbach
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GrupoCunado
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. KINGSA Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Probe Oil Tools
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. PSL Pipe?Fittings
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yingkon Haitai Metal
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Pipe Fittings
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Woodco USA
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
