Pipe Rehabilitation Equipment Market By Type (Pipe Bursting Equipment, Cured-in-Place-Pipe (CIPP) Lining Equipment, Others), By Pipe Diameter (Small, Medium, Large), By Application (Water and Wastewater, Oil and Gas, Industrial, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global pipe rehabilitation equipment market was valued at $1,113.9 million in 2020, and is projected to reach $2,266.1 million by 2032, registering a CAGR of 6.4% from 2023 to 2032.
To repair, renew, or enhance the condition of pipes that are broken, degraded, or in need of maintenance, a pipe rehabilitation system is employed, which is a comprehensive collection of techniques, tools, equipment, and approaches. Without the need for major excavation or complete replacement, this equipment is intended to increase the lifespan of pipes, improve their structural integrity, and restore their performance.
Rapid urbanization and infrastructure development in emerging markets offer significant opportunities for pipe rehabilitation equipment manufacturers. According to the European Union and Eurostat, residential construction of Germany surged from 5.9% to 6% from 2019 to 2020. In addition, over the last few years, residential construction witnessed substantial increase owing to rise in investments from North American, Asia-Pacific, and African countries. Furthermore, the North America construction market is expected to grow at a significant rate during the forecast period, as builders attempt to meet the demand for growing residential complexes and commercial spaces, owing to the rise in urbanization, which demands for better flow of sewage system in residential and commercial buildings. Furthermore, pipe rehabilitation is more cost effective than other replacement methods, as it does not require the expenses associated with excavation, property restoration and temporary locations. In addition, trenchless technique preserves the structural integrity of the building as they require minimal disturbance to foundation, wall, and floors, thereby preventing potential property damage. Thus, increase in population, rise in disposable income, and rapid urbanization are expected to provide opportunities for pipe rehabilitation equipment manufacturers and provide lucrative market growth in developing countries such as India.
In addition, lack of skilled labor and human resources in developing countries limits the expansion of the market. In addition, most people in developing countries believe that spending money on infrastructure based on pipe rehabilitation is a waste of money. Moreover, the use of pipe rehabilitation raises the overall cost of construction projects. In addition, the upfront cost of acquiring and implementing pipe rehabilitation equipment, especially for smaller companies or municipalities with limited budget play the crucial role that hinders market growth.
On the contrary, globally, government and the corporate sector make investments in new and renovated infrastructure due to which manufacturers of pipes rehabilitation equipment and services providers are given a substantial opportunity to meet the growing demand for pipeline repair and renewal.
The pipe rehabilitation equipment market is segmented into type, pipe diameter, application and region. By type, the market is categorized into pipe bursting equipment, cured-in-place-pipe (CIPP) lining equipment and others. Cured-in-place-pipe (CIPP) lining equipment segment dominated the market in 2020. By pipe diameter, the market is divided into small, medium, and large. Medium segment dominated the market in 2020. By application, it is classified into water & wastewater, oil & gas, industry and others. The water and wastewater segment dominated the market in 2020.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia Pacific dominate the market in 2020.
COMPETITION ANALYSIS
Key companies profiled in the pipe rehabilitation equipment market report include , Trelleborg Seals & Profiles, Picote Group, Dancutter, Vortex Companies, NordiTube Technologies, Pow-R Mole Trenchless Solutions, HammerHead, Aegion Corporation, Relining Group and Waterline Renewal Technologies.
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Key Market SegmentsBy TypePipe Bursting Equipment
Cured-in-Place-Pipe (CIPP) Lining Equipment
Others
By Pipe DiameterSmall
Medium
Large
By ApplicationWater and Wastewater
Oil and Gas
Industrial
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Relining Group
Trelleborg Seals & Profiles
Vortex Companies
Dancutter
Picote Group
NordiTube Technologies AB
Pow-R Mole Trenchless Solutions
Aegion Corporation
Waterline Renewal Technologies, Inc.
HammerHead Trenchless Equipment
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