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Flexible Metallic Tubing Market Size

Report ID: GMI10032
Published Date: Jun 2024
Report Format: PDF

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Flexible Metallic Tubing Market Size

Flexible Metallic Tubing Market was valued at USD 448.6 million in 2023 and is expected to showcase about 9.2% CAGR between 2024 and 2032. Increasing urbanization and infrastructure development across residential, commercial, and industrial sectors are significantly boosting demand for reliable electrical and data cabling protection solutions.

Flexible Metallic Tubing Market

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As per Worldbank, in 2022, about a third of India's population lived in cities, reflecting over a 4% increase in urbanization over the past decade as people migrated from rural areas seeking employment. The rise in construction activities, especially in emerging economies, requires durable and flexible conduit systems to ensure efficient wiring installations.

Flexible Metallic Tubing Market Report Attributes
Report Attribute	Details
Base Year:	2023
Flexible Metallic Tubing Market Size in 2023:	USD 448.6 Million
Forecast Period:	2024-2032
Forecast Period 2024-2032 CAGR:	9.2%
2032 Value Projection:	USD 1.01 Billion
Historical Data for:	2021-2023
No. of Pages:	110
Tables, Charts & Figures:	20
Segments covered:	Trade Size, Application and End Use
Growth Drivers:	Expansion of smart grid networks Refurbishment & retrofit of the existing grid infrastructure. Rising peak load demand Increasing electricity demand
Pitfalls & Challenges:	Slow paced technological evolution across the developing regions

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Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of flexible metallic tubing industry was reached USD 448.6 million in 2023 and is projected to expand at 9.2% CAGR from 2024 to 2032, due to the increasing urbanization and infrastructure development across residential, commercial, and industrial sectors.

The 2 ½ to 3 trade size segment in the flexible metallic tubing (FMT) industry is projected to surpass USD 290 million by 2032, as they offer an ideal balance of flexibility and rigidity for ensuring adequate structural integrity for a wide range of industrial applications.

The industrial end-use segment in the flexible metallic tubing (FMT) industry is projected to expand at over 8.5% CAGR from 2024 to 2032, due to the increasing demand for robust, durable, and versatile tubing solutions across various industrial applications.

Asia Pacific flexible metallic tubing (FMT) industry is projected to garner more than USD 410 million by 2032, due to the rapid industrialization and urbanization in countries like China, India, and Japan.