Global Pipe Market is set to expand at a 5.01% CAGR from 2024 to 2034, attaining a Valuation of US$ 238.67 billion | Future Market Insights, Inc. [Yahoo! Finance]
Advanced Drainage Systems, Inc. (WMS)
Last advanced drainage systems, inc. earnings: 2/6 06:40 am
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Source: Yahoo! Finance
The major growth drivers for this market are increasing construction of new pipelines, replacement of aging pipelines, urbanization rate, and infrastructure development. NEWARK, Del, March 27, 2024 (GLOBE NEWSWIRE) -- The pipe market is anticipated to be valued at US$ 146.38 billion by 2024. The market valuation is estimated to be US$ 238.67 billion by 2034, projected at a CAGR of 5.01% Rising urbanization, population growth, and industrialization necessitate the construction of new residential, commercial, and industrial facilities, fueling demand for pipes across various sectors. Infrastructure initiatives such as road construction, water supply networks, sewage systems, and oil and gas pipelines contribute significantly to the market growth. One key threat facing the pipe market is the volatility of raw material prices. Fluctuations in the prices of metals, plastics, and other materials used in pipe manufacturing can impact a manufacturer's production costs and profit margins
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News
- Stevie® Award Winners Announced in The 22nd Annual American Business Awards®PR Web
- Advanced Drainage Systems (WMS) Stock Moves 0.02%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Advanced Drainage Rated A Buy For Potential Growth And Profitability [Seeking Alpha]Seeking Alpha
- Advanced Drainage Systems, Inc. (NYSE: WMS) had its price target raised by analysts at Oppenheimer Holdings Inc. from $172.00 to $180.00. They now have an "outperform" rating on the stock.MarketBeat
- Advanced Drainage Systems to Announce Fourth Quarter and Fiscal Year 2024 Results on May 16, 2024Business Wire
WMS
Earnings
- 2/8/24 - Beat
WMS
Sec Filings
- 3/15/24 - Form 4
- 3/8/24 - Form 4
- 3/6/24 - Form 144
- WMS's page on the SEC website