PUBLISHER: Grand View Research | PRODUCT CODE: 1321348
PUBLISHER: Grand View Research | PRODUCT CODE: 1321348
The India pipe fabrication market size is anticipated to reach USD 51.6 million by 2030, expanding at a CAGR of 7.7% during the forecast period, according to a new report by Grand View Research, Inc. Pipe fabrication market includes the processes that are used for the piping systems creation and assembly such as cutting, bending, welding, and beveling. Piping components such as pipes, tees, flanges, elbows, and reducers are connected by the welding process in exact accordance with the design.
Piping and pipe fabrication are significant for the continuous water supply for residential and commercial buildings. The commercial sector includes restaurants, cafes, hotels, educational institutes, fitness centers and gyms, recreational activities centers, and swimming pools. The growth of the residential and commercial sectors is expected to positively impact the demand for pipe fabrication in India over the forecast period.
Non-residential sector is also booming in the country with a more positive approach and investments in commercial projects. The growing construction of office buildings, shopping malls, recreational places, and community spaces is likely to drive the growth of the pipe fabrication market. The growth has been driven by the expansion of the IT sector and the growing hotel industry due to increased tourism. This growth in residential and non-residential construction is likely to drive the demand in the market for pipe fabrication in India over the forecast period.
Pipe fabrication heavily relies on machines, hand-held tools, computers, and software for the fabrication process, still, the process tends to be people-oriented. From programming the machines to carry out cutting and piercing to carrying out the operations, creating assembly to quality check workforce is required. By using digital technology the more efficient coordination of various steps such as procurement, engineering, manufacturing, and assembly can be carried out. Various pipe fabricators in the market are investing and proactively focusing on the digitization and automation of the fabrication process over the forecast period.