Industrial Hose Market Driven by North America and Europe by 2023 – Drivers, Restraints, Opportunities
Detailed analysis of the industrial hose market based on media type, material, industry, and region. The report forecasts the market size, in terms of value, for various segments with regard to 4 main regions—North America, Europe, APAC, and RoW.
Pune, India – April 27, 2018 /MarketersMedia/ —
The industrial hose market is forecast to reach $14.81 billion by 2023 from $10.67 billion in 2017 at a CAGR of 5.6% during (2017-2023) driven by increasing infrastructure-related developments and growing demand for robust industrial hoses in critical applications.
Access Sample Papers of 65 Market Data Tables and 57 Figures spread through 128 Pages and in-depth TOC on “Industrial Hose Market by Material (PVC, Polyurethane, Rubber, Silicone, Others), Media Type, Industry (Oil & Gas, Automobile, Water, Pharmaceuticals, Food & Beverages, Chemicals, Infrastructure, Agriculture, Mining), and Region – Global Forecast to 2023” http://www.reportsnreports.com/contacts/requestsample.aspx?name=1202902 .
The major players in the industrial hose market are Eaton (Ireland), PARKER (US), Gates (US), RYCO Hydraulics (Australia), Transfer Oil (Italy), Colex International Limited (UK), Kurt Manufacturing (US), NORRES Schlauchtechnik (Germany), PIRANHA HOSE PRODUCTS (US), Polyhose (India), Semperflex (Austria), United Flexible (US), UNAFLEX Industrial Products (US), Hose Master (US), Salem-Republic Rubber (US), Trelleborg (France), Terraflex (Israel), Kanaflex (US), Merlett Tecnoplastic (Italy), Pacific Echo (US), Suttner America (US), and Sun-Flow (US).
Key Target Audience:
• Raw material vendors
• Component manufacturers and distributors
• Hose providers
• Hose distributors
• Hose manufacturers
• Analysts and strategic business planners
• Research organizations
• Associations, organizations, and alliances related to industrial hoses
The industrial hose market in APAC is expected to grow at the highest CAGR between 2017 and 2023. APAC is expected to witness rapid growth in the industrial hose market in the near future owing to rapid urbanization, increasing demand for automobiles, modernization of agricultural processes, and increasing demand for robust hoses from agriculture, infrastructure, and automobile industries. Moreover, high population density and growing per capita income of this region, along with large-scale industrialization and urbanization, are driving the growth of the industrial hose market in APAC.
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The industrial hose market for automobile industry expected to grow at highest CAGR between 2017 and 2023. In the automobile industry, industrial hoses are used in radiators and heaters, hydraulic systems, power steering systems, and braking systems. These hoses are also used for the refueling of commercial as well as private automobiles and aircraft. Moreover, the growing applications of hoses in traditional as well as electric and hybrid electric vehicles drive the industrial hose market growth.
The industrial hose market for hot water and steam media type expected to grow at highest CAGR during forecast period. Hot water and steam media industrial hoses are used in compressors, blowing machines, spray guns, and sprayers. Water and infrastructure industries primarily use hoses to transfer hot water and steam media. These hoses are also used in chemicals, mining, oil & gas, and pharmaceuticals industries. Moreover, increasing industrialization and urbanization create demand for industrial hoses, further driving the industrial hose market.
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In the process of determining and verifying the industrial hose market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across several regions.
The breakup of the profiles of primary participants has been given below:
• By Company Type: Tier 1 – 20%, Tier 2 – 55%, and Tier 3 – 25%
• By Designation: C-Level Executives – 50%, Directors – 25%, and Others – 25%
• By Region: North America – 60%, Europe – 20%, APAC – 10%, and RoW – 10%
The report defines, describes, and forecasts the industrial hose market based on media type, material, industry, and geography. It provides detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the industrial hose market. It also analyzes the competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches carried out by the key players to grow in the market.
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