India Pipe Fabrication Market Size, Share, Report 2023-2032
The India pipe fabrication market was estimated at USD 28.55 million in 2022 and it is expected to surpass around USD 60.23 million by 2032, poised to grow at a CAGR of 7.75% from 2023 to 2032.
Key Pointers
Report Scope of the India Pipe Fabrication Market
| Report Coverage | Details |
| Market Size in 2022 | USD 28.55 million |
| Revenue Forecast by 2032 | USD 60.23 million |
| Growth rate from 2023 to 2032 | CAGR of 7.75% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Companies Covered | Darshil Technology; FABRI-TEK ENGINEERS; McDermott; DEE Piping Systems; Artson; Shree Sainath Enterprises; TECHSKILL (INDIA) PVT. LTD. ; Deepak Steel India; Fabri-Tek Engineers; Radhe Enterprise |
The rising demand for piping systems used for transferring essential liquids and gases at industrial processing facilities is likely to boost the growth of the Indian pipe fabrication market. The growth can be attributed to the high demand for the product from various end-use industries such as chemical, oil & gas, electronics, food & beverage, and energy & power. The piping system is a significant part of any industrial process and activity, wherein pipe fabrication plays a vital role.
The growing population nationally and internationally also drives the production of consumer goods, clothing, electronics, energy, processed food & beverages, and other essential products. This is creating pressure on the local and global industrial players to expand the manufacturing output to cater to the growing need.
The players are likely to double the industrial output by launching increasing production lines or launching new production facilities. This is anticipated to augment the demand for pipe fabrication. For instance, in February 2023, Volvo CEO Jim Rowan announced the possibility of a new global electric vehicle plant set up in India. Moreover, the company is planning to go all-electric by the end of the decade and also collaborating with local partners for contract manufacturing.
End-use Insights
The manufacturing segment dominated the market in 2022 with a revenue share of 29%. The manufacturing industry includes food & beverage, textile, pharmaceutical, and chemicals, among other industries. The increasing expansion of various food processing and manufacturing facilities demands robust pipe fabrication made up of stainless steel owing to their corrosion resistance characteristics to transport liquids, water, steam, and gases. This growth in the food & beverage industry is likely to drive the demand for the market over the forecast period.
The oil and gas segment is expected to grow at a CAGR of 8.33% from 2023 to 2032. Pipe fabrication is essential in oil & gas construction projects where pipe networks are required. It is required to guarantee the utmost quality of work in the oil & gas industry and to ensure the proper functioning of the piping network is conducted to minimize accidents. The market is propelled by a significant increase in oil production, flourishing natural gas consumption, and pipeline expansion projects along with new gas pipeline projects. Which will positively impact the market growth.
The automotive segment was valued at USD 2.7 million in 2022 this is attributed to growing automotive production, along with the expansion of the automotive assembly line. In the automotive industry, welded steel pipes are significantly used for processing exhaust pipes, muffler condensation pipes, control shaft tube stack pipes, cooling water pipes, air conditioning pipes, oil shortage shafts, etc. This is one of the main factors driving the growth of the market.
Service Insights
Welding held a 39% share of the India pipe fabrication market in 2022. Welding techniques used for pipe welding include tungsten inert gas (TIG) Welding, submerged arc welding, gas metal arc welding (GMAW), and flux-cored arc welding (FCAW). The pipe welding is utilized in various end-use industries including oil & gas, chemical, and automotive.
Pipe welding is frequently used in the oil & gas and chemical industries owing to exposure to caustic chemicals and high temperatures due to the hostile environment of chemical procedures. The expansion of new oil and gas pipeline projects across India is expected to positively impact the demand for the market in the coming years.
Cutting is anticipated to grow at a CAGR of 7.15% over the forecast period. The pipe cutting is a fabrication process to remove the extra material from the pipe to gain the desired profile. Normally fabrication includes midsection holes, saddles, miters, and straight cuts. Cutting techniques used for pipe fabrication include cold saw cutting, abrasive cutting, gas cutting, and laser cutting.
Pipe-cutting services are frequently used in the construction industry in various application such as residential & non-residential infrastructure for water distribution, HVAC systems, drainage, etc. Thus, the rising investment opportunities along with government initiatives boost the demand for pipe fabrication services such as cutting, bending, beveling, and welding.
India Pipe Fabrication Market Segmentations:
By End-use
By Service
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on India Pipe Fabrication Market
5.1. COVID-19 Landscape: India Pipe Fabrication Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. India Pipe Fabrication Market, By End-use
8.1. India Pipe Fabrication Market, by End-use, 2023-2032
8.1.1. Manufacturing
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Oil and Gas
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Energy and Power
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Construction
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Automotive
8.1.5.1. Market Revenue and Forecast (2020-2032)
8.1.6. Electronics
8.1.6.1. Market Revenue and Forecast (2020-2032)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 9. India Pipe Fabrication Market, By Service
9.1. India Pipe Fabrication Market, by Service, 2023-2032
9.1.1. Welding
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Cutting
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Bending
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Beveling
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 10. India Pipe Fabrication Market, Regional Estimates and Trend Forecast
10.1. India
10.1.1. Market Revenue and Forecast, by End-use (2020-2032)
10.1.2. Market Revenue and Forecast, by Service (2020-2032)
Chapter 11. Company Profiles
11.1. Darshil Technology
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. FABRI-TEK ENGINEERS
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. McDermott
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. DEE Piping Systems
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. Artson
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Shree Sainath Enterprises
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. TECHSKILL (INDIA) PVT. LTD.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Deepak Steel India
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Fabri-Tek Engineers
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Radhe Enterprise
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers