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| Market size in 2024 | US$ 156.7 million |
Forecast Market size by | US$ N/A |
|---|
The "Global Roll Grooving Machine Market" size was valued at US$ 156.7 million in 2024 and is projected to reach US$ 212.4 million by 2030, at a CAGR of 5.2% during the forecast period 2024-2030.
The "United States Roll Grooving Machine Market" size was valued at US$ 45.6 million in 2024 and is projected to reach US$ 59.8 million by 2030, at a CAGR of 4.6% during the forecast period 2024-2030.
A Roll Grooving Machine is a tool used to create grooves on the outer surface of pipes, enabling secure and efficient connections with grooved pipe fittings. It employs rollers to form grooves without removing material, preserving the pipe's structural integrity. Commonly used in plumbing, fire protection, and HVAC systems, roll grooving is preferred for its speed, precision, and minimal impact on pipe strength.
The global Roll Grooving Machine market is experiencing moderate growth, driven by construction industry demands and mechanical pipe joining trends. In 2023, total unit sales reached 25,000, with fire protection systems accounting for 45% of demand. The portable machine segment is the fastest-growing at 6.2% annually. The market saw a 12% increase in demand for electric-powered units in 2023, reflecting ease-of-use requirements. Portable machines dominate with a 70% market share, while stationary units are growing at 4% annually. North America leads with a 40% market share, while Asia Pacific is the fastest-growing region at 5.8% CAGR. The industry is focusing on developing automated groove measurement, with a 15% growth in R&D investments for quality control features.
Report Overview
Roll Grooving Machine Market provides a deep insight into the global Roll Grooving Machine market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Roll Grooving Machine Market, Roll Grooving Machine Market introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, Roll Grooving Machine Market is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Roll Grooving Machine market in any manner.
Global Roll Grooving Machine Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
By Type
By Application
Geographic Segmentation
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| Report Attributes | Report Details |
|---|---|
| Report Title | Global Roll Grooving Machine Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 156.7 million |
| Forecast Market size by | US$ N/A |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 124 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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