Swivel Couplers Market: Overview with Geographical Segmentation & Revenue 2022 to 2032
As of 2022, the swivel couplers market is worth US$ 331.4 million. The market is estimated to grow at a CAGR of 5.3%, reaching a value of US$ 556.3 million by 2032.The European swivel couplers market now has a 29% share and is predicted to be one of the leading markets over the forecast period.
The swivel couplers are used in this region for heavy duty applications, with large bolts and flange nuts. Additionally, owing to increasing constructional activities, the swivel couplers are used to couple the pipes together. 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. This is expected to increase the demand for swivel couplers.
Swivel coupler sales are expected to be driven by an increase in construction activity, an expansion of the fabrication industry market, among other factors. The use of these couplers is anticipated to increase for a number of reasons, including the use of advanced production technologies in their manufacture.
Metals and alloys are used to create swivel couplers, which connect the pipes to form a truss structure. To prevent leaks, these are widely used in pipe fittings. As a result, swivel couplers are an essential component of plumbing accessories.
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These valves are essential for increasing the structure’s ability to support more weight. Couplers aid in the development of a sturdy structure. The market for swivel couplers has historically experienced a CAGR of 4.2 percent. Swivel couplers are becoming more and more important, and the CAGR for the forecast period is expected to be 5.3%.
The majority of businesses around the world have suffered over the past few months. This can be attributed to significant disruptions in their specific assembly and storage network operations caused by various prudent lockdowns and other limitations upheld by administrative experts around the world.
The global market for swivel couplers is comparable. Customer demand has also decreased as a result because people are now more eager to borrow money for small expenses from their individual financial plans because the overall financial situation of most people has been severely impacted by this flare-up.
Here are some key takeaways regarding the swivel couplers market:
Swivel couplers are widely used in construction and industrial applications to connect two scaffold tubes at any angle. The market for swivel couplers is expected to grow due to increasing construction and industrial activities worldwide. The demand for swivel couplers is also driven by the need for safe and secure scaffolding structures that meet safety regulations. The market is highly competitive with numerous players offering swivel couplers of various sizes and types. The Asia-Pacific region is expected to dominate the swivel couplers market in terms of demand, owing to rapid infrastructure development in countries such as China and India. Key players in the swivel couplers market include APL Apollo, Tianjin Wellmade Scaffold Co. Ltd., Safway Group Holding LLC, and Rapid Scaffolding (Engineering) Co. Ltd. Swivel couplers made of high-grade steel or aluminum are expected to witness higher demand due to their durability and strength. The COVID-19 pandemic has impacted the global swivel couplers market, with disruptions in the supply chain and construction activities leading to a decline in demand. However, the market is expected to recover in the coming years as construction activities resume.
Over the gauge course of events, the aforementioned factors are predicted to disrupt the revenue direction of the global market for swivel couplers. However, as personal care professionals lift these supported lockdowns, the global Swivel Couplers market is anticipated to recover as well.
Competitive Landscape
The major players are now focusing heavily on quality control while also looking for ways to further enhance the production process. The businesses are doing this by recording every step in real time, from gathering the raw materials to turning them into the finished goods. Customers will be able to learn more about the procedure being used as a result.
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 Doughty Engineering Ltd.
In order to increase their respective consumer bases, a number of major market participants in the global Swivel Couplers Market sector are now concentrating more on forming successful joint ventures, acquisitions, and/or collaborations. By being able to serve their given target bases both domestically and abroad, they stand to increase them.
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Key Segments Profiled In The Swivel Couplers Market Survey
By Product Type:
Pressed Swivel Couplers Forged Swivel Couplers Others
By Load Capacity:
upto 1100 lbs 1100-2300 lbs above 2300 lbs
By End Use:
Construction industry Manufacturing & Fabrication industry Water Works Others
By Region:
North America Latin America Asia Pacific MEA Europe