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Industrial Hose Market Report 2023-2032: Industry Demand, Growth Opportunities, Recent Developments And Leading Players
Industrial Hose Market
The Business Research Company's Industrial Hose Global Market Report 2023 identifies Rapid urbanization as the major driver for the Industrial Hose market's growth in the forecast period. Urbanization refers to the rise in the percentage of people who live in cities and towns. An industrial hose is used in urban areas for the discharge of water under pressure, among other uses.
The global industrial hose market size is expected to grow from $12.35 billion in 2022 to $13.31 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial hose market size is expected to grow to $17.51 billion in 2027 at a CAGR of 7.1%.
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Major competitors in the Industrial Hose market are Colex International Limited, Eaton Corporation plc, Gates Industrial Corporation plc, Kuriyama of America Inc.
A key trend in the Industrial Hose market includes advancements in technology. Major players operating in the industrial hose market are developing new products with advanced technologies to sustain their position in the industrial hose market. For instance, in April 2022, Niedner Inc., a Canada-based company specializing in high-performing flexible fluid transport solutions, introduced ALTRA 3D. ALTRA 3D is a new hose technology that is a double-jacketed hose, designed for high-pressure conditions and reliable for industrial applications. This technology offers safety and corrosion prevention for various industrial verticals. This 3D circular woven hose eliminates wrinkling and snaking while combining the benefits of a double-jacketed hose into one.
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The Industrial Hose market is segmented -
• By Type: Hydraulic Hoses, Layflat Hose, Wras Hose, Oil Resistant Hose, Corrugated Hoses, Stripwound, Thermo-Duct, Other Types
• By Material Type: Rubber, Polyurethane, Polyvinyl Chloride, Metal, Thermoplastics, Composite, Silicone, Other Material Types
• By Wire Type: Wire Braided, Spiral Wire
• By Pressure: Low Pressure (Less Than 3000 Psi), Medium Pressure (Between 3000 to 6000), High Pressure (More Than 6000)
• By Industry: Oil and Gas, Water, Agriculture, Food and Beverages, Pharmaceuticals, Automotive, Mining, Other Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Industrial Hose market.
The Business Research Company's "Global Industrial Hose Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Industrial Hose Market Include:
1. Executive Summary
2. Industrial Hose Market Characteristics
3. Industrial Hose Market Trends And Strategies
4. Industrial Hose Market - Macro Economic Scenario
5. Industrial Hose Market Size And Growth
………………………………………………………….
26. Africa Industrial Hose Market
27. Industrial Hose Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Hose Market
29. Industrial Hose Market Future Outlook and Potential Analysis
30. Appendix
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