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Asia-Pacific Dredging Hose Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030

08-11-2023 10:10 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Asia-Pacific Dredging Hose Market Share, Trends, Future

Asia-Pacific dredging hose market is estimated to grow at a CAGR of nearly 3.7% during the forecast period. Rising development of port infrastructure and significant focus on riverbed dredging are some key factors contributing to the market growth in the region. Rising seaborne trade has led the demand for port maintenance and development in the region. China is the leader in the global exports and therefore, seven out of the top ten busiest ports are in China, as per the World Shipping Council. Further, in India, the government initiatives including the National Perspective Plan for Sagarmala are encouraging ports development in the country.

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Emerging economies including Bangladesh are also focusing on investment in port infrastructure. For instance, in February 2020, the Bangladesh government prepared a master plan to dredge 10,000 km of rivers to increase navigability and ensure better water transportation. Nearly 178 rivers will be dredged over the next five years. This leads to increasing demand for dredging equipment including hoses for suction and discharge applications and is suited in most demanding applications.

Some prominent players in the market include Trelleborg AB, JinYuan Rubber Manufacturing (JYM Hose) Ltd., VHMarineTech Co., Ltd. The market players are adopting key strategies including mergers and acquisitions, product launches, and partnerships and collaborations, to gain a competitive advantage. Trelleborg's operation of engineered products manufactures a bend rubber dredging hose in China, which is the only one of its kind available in the country. Trelleborg's pre-bend rubber dredging hoses produced in China is strengthened with armored rings, thus reinforcing the hose, and increasing its use-life. There is an emerging new extraction project in China that increased the need for new types of hoses that can withstand more extreme working conditions. As a result, the product delivers a higher level of wear. Even while pumping extremely abrasive media, it ensures a longer lifetime.

Asia-Pacific Dredging Hose Market Segmentation

By Type

Floating Dredge Hose
Non-Floating Dredge Hose

A full report of Asia-Pacific Dredging Hose Market available @ https://www.omrglobal.com/industry-reports/asia-pacific-dredging-hose-market

Regional Analysis

China
India
Japan
Rest of Asia-Pacific

Company Profiles

Carborundum Universal Ltd.
ContiTech AG
JinYuan Rubber Manufacturing (JYM Hose) Ltd.
Kanta Rubber Pvt. Ltd.
Mithra Fluidtrans Pvt. Ltd.
Nanjing Vincit- Gao Industrial Co., Ltd.
Ohji Rubber & Chemicals Co., Ltd.
Q&R Industrial Hoses Pty Ltd.
Sandhya Enterprises
Sangir Plastics Pvt. Ltd.
Trelleborg AB
VHMarineTech Co., Ltd.

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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