What is Tubing Cutter Market?
Tube cutter is defined as the hand tool which allows the user to cut through plastic tubing. It is widely used by plumbers in order to cut pipes. It is available in different style as per the specific usage requirements of the customers. Demand for tubing cutters products has increased owing to increasing usage of tube cutter in residential and commercial buildings. For instance, according to the Government of United Kingdom, the number of new company construction insolvencies has increased by more than 3.4% as compared to the 2016 year, which is equating to 2,792 insolvent construction firms. Hence, the rising number of construction industry and rising disposal income among middle-class families will affect the growth of the market in the future.
The market study is being classified by Type (Ratchet Tube Cutters, Three way Tube Cutters, Power Tube Cutters, Wheel Tube Cutters, Pivot Joint Tube Cutters and Others), by Application (Piping System, Industrial Plumbing, Waste Water Treatment and Others) and major geographies with country level break-up.
Milwaukee Electric Tool (United States), Stanley Black & Decker, Inc. (United States), The Emerson Electric Co. (United States), Tools Plus (United States), Rex International USA, Inc. (United States), DiversiTech Corporation (United States), Rothenberger, S.A. (Spain), Reed Manufacturing Co (United States), Festo AG & Co. KG (Germany), Stride Tool Inc. (United States) and Ritchie Engineering Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Robert Bosch GmbH (Germany) Huskie Tools, Inc. (United States), General Tools & Instruments LLC (United States), H.T Mould Inc. (Canada) and Klein Tools, Inc. (United States).
The global tubing cutter market is characterized as a highly fragmented industry owing to the presence of multiple global as well as regional players. Some of the key manufacturers operating in the market are Milwaukee Electric Tool (United States), Stanley Black & Decker, Inc. (United States), The Emerson Electric Co. (United States), among others Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Tubing Cutter market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Tubing Cutter market by Type, Application and Region.
On the basis of geography, the market of Tubing Cutter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Upsurge in Construction of Residential and Commercial Buildings
- Rise in Urbanization across the world
Market Trend
- Increasing Number of Customer from Online Channel
Restraints
- Issue related to Tool Life is Shortened when Cutting Hard Materials
- Difficult to Cut exotic Alloys and Austenitic Stainless Steels
Opportunities
- Paradigm Shift of Manufacturers in the Emerging Asia Pacific Region
- Growing Demand from Emerging Market such as China, India, Brazil, among others
Challenges
- On Certain Sizes, burr & sharp edges are present and Cycle times are Comparatively Slow
Key Target Audience
Manufacturers of Tubing Cutter, Suppliers of Tubing Cutter Products, Wholesalers, Distributors and Retailers of Tubing Cutter Products, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others