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The future of the global concrete pipe market looks good with opportunities in the sewage, drainage, potable water, and irrigation sectors. The global concrete pipe market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $24.7 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025. The major growth drivers for this market are residential and non-residential construction activities and the replacement of aging pipelines.
Emerging trend, which have a direct impact on the dynamics of the concrete pipe market, include increased usage of vibration casting technology in concrete pipes.
A total of 155 figures / charts and 107 tables are provided in this 223 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this concrete pipe market report download the report brochure.
Concrete pipe opportunities have evolved through number of stages as presented in figure below:
Evolution of Concrete Pipe Opportunities
In this market, sewage is the largest application type of concrete pipe, whereas reinforced concrete pipe is the largest material. Growth in various segments of the concrete pipe market are given below:
Concrete Pipe Market by Segments