Los Angeles, CA -- (SBWire) -- 01/30/2019 --The pipe wrench (US), Stillson wrench or Stillsons (UK) is an adjustable wrench used for turning soft iron pipes and fittings with a rounded surface. The design of the adjustable jaw allows it to lock in the frame, such that any forward pressure on the handle tends to pull the jaws tighter together. Teeth angled in the direction of turn dig into the soft pipe. They are not intended for use on hardened steel hex nuts or other fittings because they would ruin the head; however, if a hex nut is soft enough that it becomes rounded beyond use with standard wrenches, a pipe wrench is sometimes used to break the bolt or nut free. Pipe wrenches are usually sold in the following sizes (by length of handle): 10, 12, 14, 18, 24, 36, and 48 inches, although smaller and larger sizes are available as well.
They are usually made of cast steel. Today, aluminum is also used to construct the body of the wrench, while the teeth and jaw remain steel. Teeth, and jaw kits (which also contain adjustment rings and springs) can be bought to repair broken wrenches, as this is cheaper than buying a new wrench.First, as for the global Pipe Wrenches industry, the industry concentration rate is not high. The top 5 manufacturers have 41.32% sales revenue market share in 2016. The Stanley Black & Decker which has 12.68% market share in 2016, is the leader in the Pipe Wrenches industry. The manufacturers following Stanley Black & Decker are TTI Group and Apex Tool Group, which respectively has 8.18% and 7.37% market share globally.
To View Template Copy of Report@ https://www.qyresearch.com/sample-form/form/948226/global-pipe-wrenches-industry-analysis-report
Second, the global consumption of Pipe Wrenches products rises up from 9002 units in 2012 to 11486 units in 2016, with an average annual growth rate of 6.90%. At the same time, the revenue of world Pipe Wrenches sales market has a rise from 541.90 m dollars to 635.91 m dollars. The reason causes this increase is the growing demand for the Pipe Wrenches products, which is the result of the spurring needs of downstream customers.
Third, as for the Pipe Wrenches market, it will still show optimistic trend, and technological trends in the market will stay stable.
The global Pipe Wrenches market is valued at 670 million US$ in 2018 is expected to reach 850 million US$ by the end of 2025, growing at a CAGR of 3.0% during 2019-2025.
This report focuses on Pipe Wrenches volume and value at global level, regional level and company level. From a global perspective, this report represents overall Pipe Wrenches market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Stanley
RIDGID
TTI Group
Apex Tool Group
SNAP-ON
Irwin
REED
Stahlwille
Wiha Tools
Wheeler-Rex
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Small Size (Length?200 mm)
Medium Size (200 mm
Larger Size (Length?800 mm)
Segment by Application
Petrochemical Pipeline
Civil Pipeline
Others
Benefits of Purchasing QY Research Report
- Analyst Support: Get you query resolved from our expert analysts before and after purchasing the report
-Customer's Satisfaction: Our expert team will assist with all your research needs and customize the report
- Inimitable Expertise: Analysts will provide deep insights about the reports
- Assured Quality: We focus on the quality and accuracy of the report
Ask for Discount on Research Report@ https://www.qyresearch.com/request-discount/form/948226/global-pipe-wrenches-industry-analysis-report
About QYResearch
QYResearch is the most reliable and trustworthy source of market research, established in the year 2007. We provide the best and the most syndicated research reports which focuses on custom research but not limited to management consulting, IPO consulting, industry chain research, and data base and seminar services. We provide market research reports on Chemical and material, machinery and equipment, electronics and semiconductor, consumer goods, energy and power, healthcare etc…
Global Pipe Wrenches Market Is Expected to Reach 850 Million US$ by 2025
Global Pipe Wrenches Market-An insight on the important factors and trends influencing the Industry by 2025