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2024 U.S. Industry Statistics & Market Forecast - Plastics Pipe and Pipe Fitting Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Plastics Pipe and Pipe Fitting Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Plastics Pipe & Pipe Fitting Manufacturing industry has been significantly impacted by evolving trends in the last few years. One of the primary trends disrupting the industry is the increasing demand for plastics pipes and pipe fittings in various sectors such as construction, oil & gas, chemical, and others. As a result, manufacturers are focusing on developing durable and sustainable plastic pipes to meet the growing demands and regulations.Another significant trend in the industry is the adoption of digital technologies, such as automation, robotics, and artificial intelligence, in manufacturing processes. The integration of these technologies in production processes is helping manufacturers to increase efficiency, reduce costs, and improve the quality of the products.
Moreover, the industry is increasingly focusing on sustainability, with manufacturers investing in research and development to develop eco-friendly piping systems. This trend has created opportunities for companies to expand their product offerings and cater to the growing demand for sustainable solutions.
Another trend impacting the industry is the emergence of new and innovative materials, like high-density polyethylene(HDPE) and Polyvinyl Chloride(PVC), which are replacing traditional materials in construction and other applications. This trend is opening up new markets for manufacturers that can offer these innovative solutions.
Finally, the industry is experiencing significant consolidation and integration as larger companies acquire smaller ones or merge with other companies to achieve economies of scale and reduce competition in the market. This trend is leading to the creation of larger and more streamlined organizations with higher production capacities and better supply chain management.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Plastics Pipe and Pipe Fitting Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Plastics Pipe and Pipe Fitting Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Plastics Pipe and Pipe Fitting Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Office and Administrative Support Occupations | 7% | |||
| Installation, Maintenance, and Repair Occupations | 6% | |||
| Other Installation, Maintenance, and Repair Occupations | 5% | |||
| Production Occupations | 59% | |||
| Assemblers and Fabricators | 11% | |||
| Miscellaneous Assemblers and Fabricators | 10% | |||
| Metal Workers and Plastic Workers | 27% | |||
| Forming Machine Setters, Operators, and Tenders, Metal and Plastic | 6% | |||
| Extruding and Drawing Machine Setters, Operators, and Tenders, Metal and Plastic | 5% | |||
| Molders and Molding Machine Setters, Operators, and Tenders, Metal and Plastic | 14% | |||
| Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic | 14% | |||
| Other Production Occupations | 14% | |||
| Inspectors, Testers, Sorters, Samplers, and Weighers | 5% | |||
| Inspectors, Testers, Sorters, Samplers, and Weighers | 5% | |||
| Transportation and Material Moving Occupations | 11% | |||
| Material Moving Workers | 10% | |||
| Laborers and Material Movers | 9% | |||
Plastics Pipe and Pipe Fitting Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Plastics Pipe and Pipe Fitting Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Plastics Pipe and Pipe Fitting Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Plastics Pipe and Pipe Fitting Manufacturing industry. |
Source:
Innovation News
- Nov 16, 2021: Poly-Cam trademarks "THE ULTIMATE JOINING SYSTEM" - Metal couplings for use with pipes
- Nov 16, 2021: Aqc Industries trademarks "Q LOK" - Heating, ventilating and air conditioning ducts primarily of metal and metal fittings, supports, mounts, braces, and interlocking seals therefor
- Dec 15, 2020: Shoreline Plastics trademarks "ECOPILE" - Construction materials
- Jun 06, 2019: Aqc Industries patents Multi-tube Offset Pre-insulated Hvac Ducting Technology
- Jan 04, 2018: Shoreline Plastics patents Pylon Snap Jacket Encasement
- Dec 24, 2015: Shoreline Plastics patents Substrate With Protective Polyvinyl Chloride Sleeve
Recent Federal Contracts for Plastics Pipe and Pipe Fitting Manufacturing- Apr 02, 2024: DGS SERVICES INC. (Duck Creek Village, UT) awarded $155,963
- Apr 02, 2024: TAPESOUTH INCORPORATED (Gainesville, FL) awarded $1,451
- Mar 18, 2024: B DAVID COMPANY INCORPORATED (Minneapolis, MN) awarded $8,780
- Mar 12, 2024: SPIKA DESIGN & MANUFACTURING, INC. (Lewistown, MT) awarded $222,143
- Mar 11, 2024: CENTRAL AIR COMPRESSOR COMPANY (Warren, MI) awarded $13,156
- Feb 28, 2024: RM WAITE COMPANY (Walnut Creek, CA) awarded $1,125
- Apr 02, 2024: DGS SERVICES INC. (Duck Creek Village, UT) awarded $155,963
- Apr 02, 2024: TAPESOUTH INCORPORATED (Gainesville, FL) awarded $1,451
- Mar 18, 2024: B DAVID COMPANY INCORPORATED (Minneapolis, MN) awarded $8,780
- Mar 12, 2024: SPIKA DESIGN & MANUFACTURING, INC. (Lewistown, MT) awarded $222,143
- Mar 11, 2024: CENTRAL AIR COMPRESSOR COMPANY (Warren, MI) awarded $13,156
- Feb 28, 2024: RM WAITE COMPANY (Walnut Creek, CA) awarded $1,125
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