Mandrel Bars Market: By Type
The Global Mandrel Bars Market is segmented by type into two categories: Less Than or Equal to 200 mm and Greater Than 200 mm. The segment of Less Than or Equal to 200 mm is the largest, primarily due to the application of these seamless pipes in hydraulic systems. Seamless pipes with a diameter of less than 200 mm are the major segment, leading to increased demand in the Global Mandrel Bars Market.
Mandrel Bars Market: Drivers and Restraints
The growth of the mandrel bars market is driven by increasing industrialization and the availability of advanced tooling methods. Hydraulic power units, which are widely used in both industrial and automotive applications, require seamless pipes for the construction of hydraulic circuits. Mandrel bars are essential for manufacturing these seamless pipes.
Moreover, some gas vessels are manufactured using this method, which requires high mechanical advantages for their high-pressure carrying capacity. This necessity is expected to drive the growth of the Global Mandrel Bars Market.
On the other hand, the increasing automation and the capability of electrical equipment to perform tasks traditionally carried out by hydraulic units are expected to reduce the use of hydraulic units. This reduction directly impacts the demand for Global Mandrel Bars.
Mandrel Bars Market: Regional Overview
The Global Mandrel Bars Market is segmented region-wise into Asia Pacific, North America, Europe, South America, and the Middle East & Africa. The Asia Pacific region dominates the mandrel bars market due to the presence of large manufacturing units of steel companies and a vast number of food and beverage industries. Mandrel bars are also extensively used in the oil and gas industry, which is expected to further boost the market in the Asia Pacific region due to ongoing exploration activities. North America is the second-largest region in the Global Mandrel Bars Market, followed by Europe.
Conclusion
In summary, the Global Mandrel Bars Market is experiencing significant growth driven by industrialization and the essential role of mandrel bars in the manufacturing of seamless pipes for hydraulic systems. However, the market faces challenges from the rise of automation and advanced electrical equipment. Regionally, Asia Pacific leads the market due to its industrial base and exploration activities, with North America and Europe also contributing substantially. The forecast indicates continued growth, supported by ongoing industrial and exploration activities worldwide.
Post time: Jun-24-2024
