What is Global PEX Pipe Crimp Tools Market?
The Global PEX Pipe Crimp Tools Market is a specialized sector within the broader market of plumbing and construction tools. PEX, or cross-linked polyethylene, is a type of plastic that is used extensively in water supply piping systems due to its flexibility, resistance to scale and chlorine, and ability to maintain water temperature. The crimp tools used for PEX pipes are specifically designed to join these pipes using copper crimp rings, ensuring a tight and secure connection. These tools are essential for plumbers and contractors working with PEX piping systems, and the market for these tools is influenced by the broader trends in the construction and plumbing industries.
PEX Crimp Tool, Crimp Ring Removal Tool in the Global PEX Pipe Crimp Tools Market:
PEX Crimp Tool and Crimp Ring Removal Tool are two key products in the Global PEX Pipe Crimp Tools Market. The PEX Crimp Tool is used to crimp the copper rings that secure the PEX pipe to the fittings. This tool is designed to ensure a tight and secure connection, preventing leaks and ensuring the longevity of the piping system. The Crimp Ring Removal Tool, on the other hand, is used to remove these crimp rings when alterations or repairs are needed. Both these tools are essential for any professional or DIY enthusiast working with PEX piping systems.
Residential, Commercial in the Global PEX Pipe Crimp Tools Market:
The Global PEX Pipe Crimp Tools Market finds its usage in both residential and commercial sectors. In residential settings, these tools are used in the installation and maintenance of home plumbing systems, particularly in areas where PEX pipes are used, such as in radiant heating systems or water supply lines. In commercial settings, these tools are used in larger scale plumbing systems found in office buildings, hotels, and other commercial properties. The versatility and ease of use of these tools make them a popular choice in both these sectors.
Global PEX Pipe Crimp Tools Market Outlook:
The Global PEX Pipe Crimp Tools Market is currently valued at US$ 75 million as of 2022, and it is expected to grow to US$ 94 million by 2029. This represents a compound annual growth rate (CAGR) of 3.5% during the forecast period of 2023-2029. The market is dominated by two key manufacturers, Viega and Sharkbite (RWC), who hold market shares of about 21% and 14% respectively. The largest market for PEX Pipe Crimp Tools is America, which holds over 40% of the market share, followed by Europe and Asia-Pacific, with market shares of about 37% and 20% respectively. In terms of product types, the PEX Crimp Tool is the most popular, occupying over 95% of the market share.
| Report Metric | Details |
| Report Name | PEX Pipe Crimp Tools Market |
| Accounted market size in 2022 | US$ 75 in million |
| Forecasted market size in 2029 | US$ 94 million |
| CAGR | 3.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Viega, Sharkbite (RWC), Zurn, Ridgid, Sioux Chief, Watts, Wheeler Rex, Apollo, Waterline |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
