Roll Groovers Market Size & Share, by Type (Hydraulic, Manual, Electric); Application (Construction, Oil & Gas, Water & Wastewater, Chemical & Petrochemical, Power Generation, Machinery Processing, Pipe Industry) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5509
  • Published Date: Jan 05, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Roll Groovers Market size is anticipated to reach USD 272 Billion by the end of 2035, growing at a CAGR of 18% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of roll groovers was over USD 121 Billion. A rising number of sectors are placing more emphasis on sustainable practices due to growing environmental concerns. Components can be joined using roll grooving instead of welding or other potentially dangerous or resource-intensive joining methods. The eco-friendly characteristics of roll grooving align with the increased focus on sustainability, driving its adoption and positively impacting market revenue growth.

Furthermore, the oil & gas industry plays a significant role in driving the demand for roll groovers. As oil and gas exploration and production activities expand, there is a need for efficient and reliable pipe-joining solutions. Roll groovers offer a cost-effective and time-saving method for connecting pipes in oil and gas pipelines, contributing to the growth of the roll groovers market.


Roll Groovers Market
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Roll Groovers Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 18%

Base Year Market Size (2023)

~ USD 121 Billion

Forecast Year Market Size (2036)

~ USD 272 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Roll Groovers Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Demand for Efficient and Reliable Pipe Solutions - As industries and infrastructure projects continue to grow, there is a rising need for effective pipe joining methods. For instance, the EU's tool for strategic investment in transportation infrastructure, the Connecting Europe Facility (CEF), has been granted almost €6 billion to 107 transportation infrastructure projects that the Commission has chosen. Projects aimed at creating a more intelligent, eco-friendly, and productive network of inland waterways, maritime routes, and railroads along the trans-European transport network (TEN-T) will receive more than 80% of the financing. Therefore, the growing investments in infrastructure development are expected to accelerate the growth of the market. Roll groovers provide a reliable and efficient way to connect pipes, ensuring strong and leak-free joints. This demand for efficient pipe joining solutions contributes to the growth of the roll groovers.
  • Growth in Construction and Infrastructure Projects - With the increasing number of construction and infrastructure projects worldwide, the demand for roll groovers is on the rise. Roll groovers play a vital role in creating secure connections between pipes, making them essential in the construction industry.
  • Increasing Technological Advancements - The roll groovers market continues to benefit from technological advances. Innovations in roll grooving technology, such as automated and precision-based systems, have improved efficiency and accuracy in pipe joining. These advancements attract industries and contractors looking for more advanced and reliable solutions, driving the growth of the roll groovers market.

Challenges

  • High Initial Cost - Some firms may find it difficult to get started since roll grooving machines and related equipment might be expensive. The initial outlay necessary to buy roll groovers and train staff on how to use and maintain them can put off small businesses or those with tight finances.
  • Lack of Skilled Workforce may Hinder the Market Growth
  • Competition from Alternative Pipe Joining Methods


Roll Groovers Segmentation

Type (Hydraulic, Manual, Electric)

Roll groovers market for the electric type segment is poised to hold the largest share of 44% during the projected period. When it comes to production and efficiency, electric roll groovers are superior to manual or hydraulic ones. They are driven by electric motors, which operate steadily and dependably and cut down on the time and effort needed for pipe grooving. Additionally, technological developments have resulted in the creation of electric roll groovers with sophisticated features and functionalities. These features, which include digital controls, pipe-feeding systems that operate automatically, and programmable settings, improve the accuracy and user-friendliness of the grooving process. In addition, the increasing inclination towards automation and the integration of sophisticated gear in production procedures have propelled the expansion of electric roll groovers. Electric roll groovers are a desirable option because industries are looking for automated solutions to increase productivity and decrease manual labor. Therefore, altogether these factors are contributing to the growth of the segment.

Application (Construction, Oil & Gas, Water & Wastewater, Chemical & Petrochemical, Power Generation, Machinery Processing, Pipe Industry)

Construction segment in the roll groovers market is anticipated to hold a share of 30% during the projected period. Roll groovers offer a cost-effective and efficient solution for creating grooves in pipes, which is essential for joining pipes in construction projects. The ability to quickly and accurately groove pipes saves time and labor costs, making roll groovers a preferred choice in the construction industry. Also, the construction industry places a strong emphasis on safety and reliability. Roll groovers ensure secure and leak-free pipe connections, which are crucial for the integrity of plumbing, HVAC, and fire protection systems in buildings. Furthermore, the construction industry is constantly evolving, with new technologies and materials being introduced. Therefore, all these factors are escalating the growth of the construction industry market.

Our in-depth analysis of the global roll groovers market includes the following segments:

          Type

  • Hydraulic
  • Manual
  • Electric

          Application

  • Construction
  • Oil & Gas
  • Water & Wastewater
  • Chemical & Petrochemical
  • Power Generation
  • Machinery Processing
  • Pipe Industry

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Roll Groovers Industry - Regional Synopsis

APAC Market Forecast

Roll groovers market in Asia Pacific is expected to hold the largest share of 35% by the end of 2036. The region's rapid urbanization and industrialization, which have boosted building projects, are to blame for the growth. These instruments are necessary for cutting grooves in pipes and enabling dependable and effective pipe connections in fire safety, HVAC, and plumbing systems. Moreover, more money will be spent on initiatives related to energy, water management, and transportation infrastructure development. Roll groover use is also being fueled by the region's construction industry's adoption of cutting-edge methods and technologies. In addition, standards and regulations are being implemented by governments in the Asia-Pacific area to improve the efficiency and safety of construction projects.

North American Market Statistics

North American roll groovers market is anticipated to account for a share of 27% during the forecast period. The region's market is developing as a result of increased funding for infrastructure development, which includes projects including utilities, commercial buildings, and transportation. In North America, there is also a lot of emphasis on remodeling and retrofitting already-existing buildings and structures, which is propelling the market's expansion. In addition, North America has stringent laws and guidelines governing the security and caliber of pipe connections. Therefore, all these factors are contributing to the market growth of roll groovers in the region.

Research Nester
Roll Groovers Market Size
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Companies Dominating the Roll Groovers Landscape

top-features-companies
    • RIDGID
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Victaulic
    • Rothenberger
    • Reed Manufacturing
    • Milwaukee Tool

In-the-news

In The News

  • A new hybrid deep groove ball bearing designed for high-speed applications has been developed by SKF. The novel bearing is intended for use in electric machinery and drives, as well as traction motors used in the rail industry. Three OEMs are among SKF's current pilot customers. In comparison to conventional designs, a revolutionary lightweight cage helps to increase the limiting speed by at least 60%.
  • With the addition of a brand-new CNC groover to its catalog of kits, BFS Pressroom Solutions is now able to automate the production of its rollers. After receiving the HNC GV300 CNC grinder-groover in October 2022, BFS utilized it for grooving pattern testing until March 2023, when it was put into regular production.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5509
  • Published Date: Jan 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for efficient & reliable pipe solutions, growth in construction & infrastructure projects, and increasing technological advancements are the major factors driving the growth of the roll groovers market.

The market size of Roll Groovers is anticipated to attain a CAGR of 18% over the forecast period, i.e., 2024 – 2036.

The major players in the market are RIDGID, Victaulic, Rothenberger, Reed Manufacturing, Milwaukee Tool, TOSHIBA CORPORATION, Panasonic Corporation, Hitachi Ltd, Toyota Motor Corporation, Asada Co. Ltd., and others.

The electric segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Roll Groovers Market Report Scope
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