openPR Logo
Press release

Mining Hoses Market Is Anticipated To Have A Steady CAGR Of 6.7% During The Period 2022-2032, Future Market Insights Inc.

09-23-2022 03:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Mining Hoses Market Is Anticipated To Have A Steady CAGR Of 6.7%

The mining hoses market is anticipated to have a steady CAGR of 6.7% during the period 2022-2032. The mining hoses market is predicted to grow from US$ 390.6 Mn in 2022 to US$ 749.3 Mn in 2032. Previously, the market was thriving at a higher CAGR of 7.2% (2015-2021), resulting in a market size of US$ 364.0 Mn in 2021.

The mining hoses market is being driven by increased production of various minerals such as copper, gold, and iron, as well as some product manufacturing companies implementing mining programmes. The booming construction sector, as developing countries such as India and China build and reform their infrastructure to support consistent economic development, as well as building and repairing highways, is also boosting the mining hoses market in new markets.

Cost-effective and environmentally friendly construction techniques are integrating with modern construction practises, such as transportation and building, driving market growth and expanding market size globally.

Request For Sample@

Increased production of minerals and mineral-based products like mineral powders in emerging economies like India and China are opening up new market spaces for the mining hoses market, enhancing the sales of mining hoses solutions.

The use of hoses is an integral part of most equipment in mines, along with surface operations, industrial hoses, and shops, fuelling the sales of mining hoses in multiple regions.

• The slurry segment from the mining hoses market's transporting media category is expected to grow at the fastest CAGR of 6.3% in the service type category, helping it to reach US$ 110.1 Mn.
• The synthetic rubber segment is expected to grow at a strong CAGR of 7.19% in the component category of the mining hoses market. USA, Canada, Japan, China, and Europe hold a 6% CAGR that is estimated for the slurry segment of transporting media category.
• United States is expected to reach a market size of US$ 83.2 million in mining hoses by 2032.
• The market size of the mining hoses market in China is expected to reach US$ 152.3 Million by 2032, growing at a CAGR of 9.1% during the research period.
• Canada's mining hoses market is expected to thrive at a CAGR of 5.3% over the forecast period.
• Japan's mining hoses market is expected to flourish at a CAGR of 3.2% during the research period (2022-2032).
• While Germany within Europe grows slowly at a CAGR of 3.7% between 2022 and 2032.


Some of the mining hoses market's key competitors profiled in the research are AlfaGomma SpA, Continental Group, Eaton Corporation PLC, Weir Group PLC, Trelleborg AB, Goodall, Metso Corporation, TESS International, and Novaflex Inc.

Request PDF Brochure@

Recent Developments
• Continental Group has introduced its new series of material handling, dredge & mining hoses, increasing the sales of mining hoses.
• Eaton Corporation PLC has launched and upgraded its new set of hoses, tubing, connectors, and fittings. This pushes the sales of mining hoses worldwide.
• Metso Corporation has launched its Slurry hoses that have a high standard of quality and safety, fuelling the sales of mining hoses worldwide.
• Weir Group PLC has launched its series of hose and pipe spools that are robust & reliable rubber hose products, pushing the overall demand for mining hoses.
• Trelleborg AB has launched and designed new and better hoses with high manufacturing quality for specific industries. This pushes the demand for mining hoses in new markets.

Customization Before Buying, Visit@

Key segments
By Transporting Media:
• Industrial Water/Alkali
• Bulk Water
• Slurry

By Material:
• Natural Rubber
• Synthetic Rubber

By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East & Africa

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
United Arab Emirates
For Sales Enquiries:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Mining Hoses Market Is Anticipated To Have A Steady CAGR Of 6.7% During The Period 2022-2032, Future Market Insights Inc. here

News-ID: 2746597 • Views: 172

More Releases from Future Market Insights

Automatic Filling Machine Market expanding at a CAGR of 4.6% by the year 2032
The market for automatic filling machines is anticipated to reach a value of US$ 6,619.1 million in 2022 and grow at a moderate CAGR of 4.6% over the same period. By 2032, the market is anticipated to increase to a value of US$10,378.0 million. According to Future Market Insights' analysis, the historical CAGR was 2.6%. Automatic filling machines, which are tools used to fill holding containers like pouches, bags, bottles, and boxes with solid, semi-solid, and liquid product
Market for Gourmet Salts is Expected to Expand at US$ 480.06 Mn by 2032 | FMI
The market for gourmet salts worldwide is predicted to increase at a CAGR of 7.3% over the course of the projected period. It is projected to increase in value from US$ 237.3 Mn in 2022 to US$ 480.06 Mn by 2032. Gourmet salts are unrefined, top quality salts obtained from a natural source with a low sodium content. This salt is used in cuisine to enhance taste of food and also
Lactose-free Cheese Market to Surpass US$ 1.5 Bn by 2032 with Burgeoning Prevale …
According to FMI, the global lactose-free cheese market size is expected to reach a valuation of US$ 676.3 Mn by the end of 2022. The market is set to accelerate at a CAGR of 8.4% during 2022-2032. It is anticipated to be valued at US$ 1,515.1 Mn in 2032. FMI further states that around 35% of the global population was lactose intolerant, and 28% had dairy sensitivity or allergy in 2020.
Electrical Steel Market to grow at a rate of 6.5% by 2031 | Get Customized Repor …
The electrical steel market value will total US$ 37.5 Bn in 2021, as per Future Market Insights (FMI). Exhibiting a CAGR of 6.5% for 2021-2031, the market is expected to reach US$ 70.5 Bn by the end of 2031. Despite logistical challenges amid restrictions imposed to contain the pandemic in 2020, the market is forecast to register 5.3% year-on-year growth in 2021. The demand for electrical steel will surge particularly in

All 5 Releases