Corrugated conduit is a type of pipe that is usually made of high-density polyethylene and is used for protecting wires and cables in various industries and applications. As a flexible pipe, corrugated conduit can be easily installed and manipulated to fit into complex and hard-to-reach spaces, making it ideal for architectural engineering, industrial field, agricultural garden projects, and other related uses.
With the growing demand for better protection of cables and wires, the corrugated conduit industry has experienced significant growth in recent years. According to a report by HJResearch, the global corrugated conduit market size reached US$3,287 million in 2016 and is expected to grow at a compound annual growth rate (CAGR) of 3.3% from 2017 to 2022, reaching a market size of US$4,035 million in 2022.
Architectural engineering is currently the largest application area for corrugated conduit, accounting for around 35% of the market share. Industrial field and agricultural garden projects are other significant areas of application, with a combined market share of approximately 30%. The remaining share is made up of applications in other sectors, such as automotive and telecommunications.
In terms of market concentration, the corrugated conduit industry is fragmented, with a few major players dominating the market. The major global manufacturers of corrugated conduit include JM Eagle, Chevron Phillips Chemical Company, WL Plastics, Armtec, Uponor, ADS, Plasson USA, Dura-Line (Audax Group), IPEX, Contech Engineered, TIMEWELL, Oregon Plastic Tubing, and Crumpler Plastic Pipe. Among these companies, Dura-Line is considered to be the global market leader, with a market share of approximately 8%.
Looking ahead, the corrugated conduit industry is expected to continue its steady growth in the coming years, driven by the increasing demand for more advanced and cost-effective protection solutions for cables and wires. Moreover, technological advancements in the production of corrugated conduit, such as the development of new materials and manufacturing methods, are expected to further increase the market's growth potential.
In conclusion, the corrugated conduit industry is a growing market with vast potential in various applications. As the demand for more effective and efficient cable and wire protection solutions continues to increase, the industry is expected to remain strong and competitive, creating new opportunities for manufacturers and suppliers alike.
The SWOT analysis of the Corrugated Conduit industry is as follows:
Strengths:
1. Dependable and sustainable material for electrical installations and transportation.
2. Can be used in a variety of environments due to its strength and durability.
3. Offers protection against moisture, extreme temperatures, and physical harm.
4. Long-lasting and can withstand harsh industrial and commercial conditions.
5. Easy to install and low maintenance costs.
6. Corrugated conduits can be customized to meet specific needs.
Weaknesses:
1. Not as flexible as some other types of conduits.
2. May be more expensive than other conduit types.
3. Not suitable for high-pressure applications.
4. May become brittle over time, which could lead to cracking and damage.
Opportunities:
1. Growing construction industry and increasing demand for electrical installations.
2. Technological advances in material engineering may improve the strength and flexibility of corrugated conduits.
3. Expansion into emerging markets with growing construction and infrastructure development.
4. The potential for new applications in industries such as automotive, telecommunications, and aerospace.
Threats:
1. Competition from alternative conduit types such as PVC or metal.
2. Fluctuations in raw material prices and supply chain disruptions.
3. Uncertainty in global economic conditions.
4. The potential for stricter regulations and environmental compliance standards.
Key players in global Corrugated Conduit market include:
JM Eagle
Chevron Phillips Chemical Company
WL Plastics
Armtec
Uponor
ADS
Plasson USA
Dura-Line (Audax Group)
IPEX
Contech Engineered
TIMEWELL
Oregon Plastic Tubing
Crumpler Plastic Pipe
Market segmentation, by product types:
Small Caliber Type
Large Caliber Type
Market segmentation, by applications:
Architectural Engineering
Industrial Field
Agricultural Garden Project
Others
Summary:
Get latest Market Research Reports on Corrugated Conduit. Industry analysis & Market Report on Corrugated Conduit is a syndicated market report, published as Global Corrugated Conduit Market Report 2018-2029. It is complete Research Study and Industry Analysis of Corrugated Conduit market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.