The swivel couplers market is estimated to capture a valuation of USD 348.96 million in 2023 and is projected to reach USD 584.87 million by 2033. The market is estimated to secure a CAGR of 5.3% during the forecast period.
Increasing construction activities, an increase in the fabrication industry market size, and many other factors are anticipated to drive the sales of swivel couplers. Moreover, the usage of advanced production technologies to manufacture swivel couplers is some of the reasons why the usage of these couplers is expected to rise.
Swivel couplers comprise metals and alloys for coupling the pipes while forming a truss structure. These are extensively used in pipe fittings to avoid leakage. It makes the swivel couplers an extremely crucial part of plumbing accessories.
These valves play a crucial role in increasing the structure's load-bearing capacity.
The couplers assist in the formation of a strong structure. The historical CAGR for the global market was 4.2%. With the realization of the increasing importance of swivel couplers, the CAGR for the forecast period is predicted to be 5.3%.
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The market is driven by various essential factors as follows:
Increasing construction works
There has been an increase in residential and non-residential construction works worldwide. As these are primarily used to form the desired structure, the demand for swivel couplers is expected to increase during the forecast period.
Ease of installation
The swivel couplers are easy to install and can be done in a few minutes. It saves a lot of time, and a person need not have any technical knowledge to install them.
Low cost of raw materials
The raw materials which are used for the manufacture of swivel couplers are affordable. The manufacturers can manage to produce the swivel couplers in large numbers. It is expected to increase the sales of swivel couplers.
Usage in the fabrication process
Swivel couplers are used in industries. The raw materials must undergo various processes like incineration, industrial washing, etc., to get the final product. As the swivel couplers are used in the structures associated with these processes, the adoption of these couplers is expected to increase during the forecast period.
Lack of Awareness
Not many manufacturers are aware of the number of benefits that are offered by swivel couplers. It is something that might impede the demand for swivel couplers.
Low product replacement rate
The low product replacement rate does not go very well with the manufacturers. With time, the swivel couplers might undergo the effects of wear and tear. Because of this, there is a negative impact on the performance of the object in which these couplers are used.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 5.3% |
| Market Valuation (2023) | USD 348.96 million |
| Market Valuation (2033) | USD 584.87 million |
Principal Consultant
As per Future Market Insights (FMI), the global market grew at a steady CAGR of 5.3% between 2018 and 2022. The market captured a valuation of USD 331.40 million in 2022. The market is widely influenced by various end-use industries such as automotive, construction, oil & gas, and manufacturing.
The demand for swivel couplers is growing due to their essential connecting components, pipe structure, and securing scaffolding systems. The rising infrastructure development, maintenance, construction activity, and industrial growth have driven the global market.
The market has grown steadily between 2018 and 2022 due to various factors, including:
Construction Industry Growth: The construction industry plays a vital role are increasing the adoption of swivel couplers. Various regions increasing construction activities for commercial, residential, and infrastructure development projects fueled the global market.
Industrial Expansion: The manufacturing and industrial sectors are rapidly increasing the demand for swivel couplers. Industries expanded due to infrastructure and operations such as pipe structures and reliable scaffolding systems.
Infrastructure Development: Infrastructure projects, including railways, roads, bridges, and airports, impacts the demand for swivel couplers.
Repair and Maintenance Activities: The market size significantly drives global, ongoing repair and maintenance. Regular maintenance activities and infrastructure projects such as pipe structures and scaffolding systems drove the market growth.
The market is estimated to continue to upsurge due to growing innovative products, huge investments, and launching unique products in the coming years. The manufacturers are playing a prominent role by providing cost-effective, versatile, and reliable solutions to the end use industries during the forecast period.
Based on product type, the pressed steel swivel couplers dominate the global market by securing a maximum share during the forecast period. Pressed steel swivel couplers are popularly used for scaffolding systems. These couplers are lightweight, reliable, and cost-effective compared to other couplers.
Other couplers, including half-swivel couplers and swivel beam couplers, are crucial in acquiring maximum revenue in the global market. Half-swivel couplers are suitable for connecting two tubes for scaffolding structures. On the other hand, swivel beam couplers are designed to connect scaffolding tubes to steel beams. Pressed steel swivel couples are leading the global market during the forecast period.
Based on end-use, the construction industry is estimated to dominate the global market by capturing a significant share by 2033. The construction industry plays a vital role by providing a secure connection, facilitating construction activities, and scaffolding systems. It includes various construction activities and structures such as bridges, roads, and buildings.
On the other hand, the oil & gas industry is capturing a significant share by increasing the adoption of swivel couplers for petrochemicals, pipelines, and offshore platforms. These couplers are necessary to connect with the pipe structure for securing and assembling. The manufacturing sector also contributes better revenue in the global market for repairing, maintaining, and installing equipment.
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The North American swivel couplers market currently has a share of 18%. During the forecast period, the sales of swivel couplers are expected to increase.
An increase in construction and industrial activities are also some of the major drivers for this market in the region. There is also an increase in the waterworks with the growing population. So, the swivel couplers are used in the water tanks to ensure that these tanks can store enough water.
The European swivel couplers market currently has a share of 29%, and during the forecast period, it is expected to be one of the large markets. The swivel couplers are used in this region for heavy-duty applications, with large bolts and flange nuts. Additionally, the swivel couplers couple the pipes together owing to increasing construction activities.
Europe is a place which is famous for buildings as well. For this purpose, the swivel couplers are used for holding transoms and handrails in position. It is expected to increase the demand for swivel couplers.
There is very little development in the start-up ecosystem of the global market. As such, the developments are happening only amongst the key competitors.
But for all aspiring wantrepreneurs, the global market is an exciting space to start your venture. It is very attractive due to the lack of entry barriers, increased usage of swivel couplers across sectors, and not many existing players in the market.
With the kind of growth the market is expected to see during the forecast period, it would be a wise option to develop a start-up in this market. Because of this, more people become aware of the benefits offered by the couplers, as a result of which swivel couplers' market share is estimated to increase in the future.
The market is highly competitive by the number of key players in the regions. These key players drive the global market by capturing huge revenue by investing heavily in research and development activities. The key players are innovating advanced and unique products per consumers' requirements through various marketing strategies.
These strategies are mergers, acquisitions, collaborations, product launches, and agreements. The prominent players are improving their gaps as consumers' feedback, suggestions, and requirements upsurge the global market.
With the immense focus on quality control, the key players are now looking at ways to further improve the production process. For this, the companies capture everything in real-time, from collecting the raw material to converting it into the final product. It allows customers to get an idea about the process being followed.
Some of the key players are Supertek Scafform, XSF Xtreme Structures & Fabrication, Musson Theatrical, Inc., Scaffco, ScaffoldMart, Thiel United BV., Prajapati Tubes Pvt. Ltd., Theatrixx Technologies, Inc., HAKI AB, and Doughty Engineering Ltd.
Other Essential Plays in the Global Market are:
Recent Developments in the Global Market
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Product Type, Load Capacity, End User, Region |
| Key Companies Profiled | Supertek Scafform; XSF Xtreme Structures & Fabrication; Musson Theatrical, Inc.; Scaffco; ScaffoldMart; Thiel United BV.; Prajapati Tubes Pvt. Ltd.; Theatrixx Technologies, Inc.; HAKI AB; Doughty Engineering Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
China may witness significant growth in the Swivel Couplers market.
The increasing demand from the oil and gas industry, the construction industry, and the marine industry are expected to drive Swivel Couplers sales.
The growing demand for high-performance Swivel Couplers and the increasing adoption of automation in industrial applications are driving the market.
The market recorded a CAGR of 5.3% in 2022.
Substantial investment in R&D and the development of new products may provide growth prospects for the market players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Pressed 5.2. Forged 5.3. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Load Capacity 6.1. upto 1100 lbs 6.2. 1100-2300 lbs 6.3. Above 2300 lbs 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Construction industry 7.2. Manufacturing & Fabrication industry 7.3. Water Works 7.4. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Supertek Scafform 18.2. XSF Xtreme Structures & Fabrication 18.3. Musson Theatrical, Inc. 18.4. Scaffco 18.5. ScaffoldMart 18.6. Thiel Value (USD Million) & Volume (Units)ed BV. 18.7. Prajapati Tubes Pvt. Ltd. 18.8. Theatrixx Technologies, Inc. 18.9. HAKI AB 18.10. Doughty Engineering Ltd. 19. Assumptions & Acronyms Used 20. Research Methodology
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Swivel Couplers Market
