The study will cover the market intelligence and information for a period of 12 years from 2014 to 2026. The base year for the study is 2020.
Global Flexible Pipes Market Forecast:
The global Flexible Pipes Market is anticipated to recoup from the effects of COVID-19 starting from the year 2021 and will grow at a modest CAGR during the forecast period of 2021-2026.
Global flexible pipes market is likely to recover in the coming years and will register a healthy CAGR of 5.3% during the forecast period.
The market is estimated through a rigorous triangulation process of internal data, secondary analysis and the insights gained from the primary interviews with industry experts.
The Flexible Pipes Market growth depends upon numerous factors which have direct or indirect impact the demand.
The key factors governing the demand for Flexible Pipes Market are:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
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Flexible Pipes Market Segmentation:
A flexible pipe is a hollow structure designed to transfer fluids or liquids from one location to another. It is widely used in offshore and onshore oil and gas exploration as well as in production process. Technological advancements are serving the evolution of flexible pipes. Corrosion is one of the major downsides allied with metal piping systems. It ensures both inside and outside the pipe; thus, significantly impeding the hydraulic efficiency. HDPE pipes do not corrode or rust and are unaffected by any biological growth, thus, offering extended service life and continuing cost savings. Flexible pipes are widely used for conveying liquids and fluids, such as crude oil. They can operate even under high pressure and temperature conditions.
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COVID-19 IMPACT Analysis on Flexible Pipes Market
COVID-19 has affected all the businesses, small or big, present in any sector. The dynamics of Flexible Pipes Market have seen a huge shift in the year 2020. The market environment and the way of operations have taken a huge turn and have led to many changes in the processes, which will have repercussions for a long period. 2021 is likely to be better than 2020 for the Flexible Pipes Market players as most of the businesses have resumed their operations and the demand is getting restored for them.
Note: This report will be updated to incorporate the impact of COVID-19 on the market forecast for the period of 2021 to 2026.
Flexible Pipes Market Competitive Analysis:
The report studies the competitive framework and business environment via different analytical frameworks such as
- Porters Five Forces Model
- SWOT Analysis
- PEST Analysis
- Success Factors
- Growth Matrix
The key players in Flexible Pipes Market are:
- Airborne Oil & Gas B.V.
- Contitech AG
- Flexsteel Pipeline Technologies Inc.
- GE Oil & Gas Corporation
- Magma Global Ltd.
- National Oilwell Varco (NOV)
- Pipelife Nederland B.V.
- Prysmian Group
- Shawcor Ltd.
- TechnipFMC Plc
The Flexible Pipes Market report benchmarks the major competitors on critical parameters, some of which are mentioned below:
- Sales from the Flexible Pipes Market segment
- Geographic diversification
- New product launches
- Market Share
- Strategic alliances, mergers and acquisitions
- Alignment with the market
- Regional dominance of the competitors
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