Global Press Fittings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Press Fittings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Press fittings are a range of pipework and fittings that are mechanically pressed with specific tools. Press fitting technology is a mechanical, solder-less method of tube joining. The pressing operation leads to a mechanical joint between the tube and the fitting. No torches or solvents are required to make the water-tight seal.

Market Overview:

The latest research study on the global Press Fittings market finds that the global Press Fittings market reached a value of USD 3097.5 million in 2022. It’s expected that the market will achieve USD 4083.79 million by 2028, exhibiting a CAGR of 4.71% during the forecast period.

The popularity is constantly increasing

The popularity of press fittings can be contributed to many factors. Press fittings have been able to fill a gap in the workforce by reducing the time for installation of a pipe joint by as much as 60 percent. Press fittings are offered in o.5 inch up to four inches in size, making a press solution-especially for larger sizes -sought after by contractors.
With the decline of young people coming into the plumbing and pipefitting trades, it is assured that press technology will continue to grow in popularity. As the technology develops, there will be new applications in the near future. The evolution of press-fitting technology has certainly made a positive impact in the plumbing and heating industry. Some of the most popular applications are for potable water distribution, natural gas and propane piping distribution, refrigeration, fire protection, compressed air, corrosives, hydronic heat, low-pressure steam, vacuum, gas, and petroleum products.

Diversification of Distribution Channel

Product availability and retail shelf space plays a vital role in creating product demand. Distribution is a key success factor in the current press fittings industry. The popularity of e-commerce has increased press fittings products sales. More and more companies are adopting online and offline integration, strengthening the construction of sales channels and expanding their marketing networks. Through the promotion of the breadth and depth of each sales channel, the market coverage and competitiveness will be further enhanced, and the good and sustainable development of sales will be realized. With the further development of online sales of press fittings, the diversified and perfect sales channels in the industry will further promote the sales of the whole market.

Region Overview:

Geographically, Europe held the largest market share -45.11% in 2021.

Company Overview

Viega is one of the major players operating in the Press Fittings market, holding a share of 19.75% in 2022.

Viega

Viega is a family owned international manufacturer of Plumbing and HVAC solutions. Viega sells PEX for Radiant heating and plumbing systems along with copper, stainless, and metal alloy pipe along with mechanical pressure fitting products.
Viega is an expert in healthy drinking water in buildings and one of the key technology leaders in the installation sector. As a quality-focused family business employing almost 5000 people, the company has over 120 years of experience in building technology.

Conex Banninger

Conex Bänninger is a leading innovator and manufacturer of high quality metal fittings, valves and accessories. With a history tracing back over 110 years, Conex Bänninger have the experience, knowledge and product portfolio to support the requirements for a range of industries including HVAC and refrigeration amongst others.

Segmentation Overview:

By type, Copper and Copper Alloys segment accounted for the largest share of market in 2021.

According to the different types of raw materials used, press fittings can be divided into stainless steel, copper and copper alloys, carbon steel and other types.

Because press fittings are available in copper and copper alloys, stainless steel and carbon steel, they will work with virtually any pipe system made of those materials.

Application Overview:

The market's largest segment by application is the segment Residential, with a market share of 43.55% in 2021.

Press Fittings is used in all kinds of scenes, including residential projects, commercial projects or industrial plants.

Press fittings are excellent for use in potable water systems. Whether in large-scale commercial applications or residential new construction building projects, press fittings make it easier for contractors to install hot and cold potable water lines.

Keep industrial and mechanical operations running like well-oiled machines by using press fittings for pipe connections. From fuels like diesel, butane, kerosene and propane to petroleum-based lubricants and heating oils, a wide range of press fittings are safe for use with combustible substances. Industrial facilities can benefit from the chemical resistance of press fittings. Depending on the brand and gauge of material, some stainless-steel press fittings are approved for use in pipe systems that carry highly corrosive chemicals like nitric and phosphoric acids. Because press tools require no flame to create a secure connection, the potential hazard of exposing industrial chemicals to heat is eliminated.

Key Companies in the global Press Fittings market covered in Chapter 3:

Mueller Streamline
Zhejiang Hualong Valves
NIBCO
PCC GmbH
Viega
Jungwoo Metal
M-Press Fittings
CHNCON
Wenzhou DunShan
IVAR Group
Raccorderie Metalliche
SANHA
Apollo Valves
Besco GmbH
Conex Banninger

In Chapter 4 and Chapter 14.2, on the basis of types, the Press Fittings market from 2018 to 2029 is primarily split into:

Carbon Steel
Stainless Steel
Copper and Copper Alloys

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Press Fittings market from 2018 to 2029 covers:

Household
Commercial
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)