The global swivel couplers market is projected to reach a value of USD 584.87 million by 2033, growing at a steady CAGR of 5.3% during the forecast period from 2023 to 2033. In 2023, the market is anticipated to reach USD 348.96 million. The market growth is primarily driven by increasing construction activities and the expanding fabrication industry.
Swivel couplers, made from metals and alloys, are used to connect pipes and form truss structures. They are widely employed in pipe fittings to prevent leakage and are crucial components in plumbing systems. These couplers enhance the load-bearing capacity of structures, contributing to the formation of strong, durable frameworks.
The future outlook for the swivel couplers market is promising, with rising construction activity worldwide, particularly in both residential and non-residential sectors, fueling demand. Additional factors like the low cost of materials and easy installation further promote their use.
Swivel couplers are also gaining popularity across various industries. In manufacturing processes such as incineration and industrial washing, these couplers play a key role in equipment operations. As a result, the adoption of swivel couplers is expected to rise throughout the forecast period from 2022 to 2032.
Key Takeaways:
- Rising construction and fabrication industries to boost market possibilities.
- Lack of awareness and low product replacement rate may hamper the market.
- Swivel couplers market in North America to account for 18% of the market share.
- Europe swivel couplers market is expected to be one of the largest markets over the assessment period, currently accounting for 29% market share.
- Start-up ecosystem has a positive outlook within the swivel couplers market.
Competitive Landscape
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. among others are some of the major players in the swivel coupler market that are profiled in the full version of the report.
Due to increasing emphasis being laid on quality control, major market players are focusing on various ways to further enhance the production process. Many businesses within the market are concentrating on collecting real-time data beginning with raw material collection to the final product so that they can improve on the quality of the production process and the product. This will also have a positive influence on customer relations as they would have a clear idea of the process.
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
Report Preview: https://www.futuremarketinsights.com/reports/swivel-couplers-market
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