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NEW YORK , March 10, 2023 /PRNewswire/ -- According to Technavio, the global industrial hose market size is estimated to grow by USD 2592.01 million from 2022 to 2027. The market is estimated to grow at a CAGR of 4.43% during the forecast period. The increasing demand for PVC is significantly driving the demand for the market. However, factors like competition from local vendors may impede the growth of the market growth during the forecast period.
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Industrial Hose Market - Segmentation Assessment Segment Overview Technavio has segmented the market based on application (oil and gas, chemicals, food and beverages, automotive, and others), material (polyurethane, polyvinyl chloride, silicone, rubber, and others), and geography (APAC, North America , Europe , Middle East and Africa , and South America ).
Geography Overview By geography, the global industrial hose market is segmented into APAC, North America , Europe , Middle East and Africa , and South America . The report provides actionable insights and estimates the contribution of all regions to the growth of the global industrial hose market.
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Industrial Hose Market – Market Dynamics Key factor driving market growth
Leading trends influencing the market
Major challenges hindering the market growth
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What are the key data covered in this Industrial Hose Market report?
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The hydraulic hose and fittings market size is expected to increase by USD 416.79 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.81%. Growth in unconventional E&P projects is a key trend impacting the global hydraulic hose and fittings market growth.
The fire hose market is estimated to grow at a CAGR of 6.14% between 2022 and 2027. The size of the market is forecast to increase by USD 1,212.1 million. The stringent regulations for fire safety are the key factor driving the market growth.
Accelerate at a CAGR of 4.43%
APAC, North America, Europe, Middle East and Africa, and South America
US, China, Japan, India, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Bridgestone Corp., Continental AG, Eaton Corp. Plc, Flexaust Inc., Gates Industrial Corp. Plc, Hose Master LLC, Kanaflex Corp. Co. Ltd., Kuriyama of America Inc., Kurt Manufacturing, NORRES Schlauchtechnik GmbH, Pacific Echo Inc., Parker Hannifin Corp., RYCO Hydraulics Pty Ltd., Salem Republic Rubber Co., Semperit AG Holding, Smiths Group Plc, Sun Flow Inc., Transfer Oil Spa, Trelleborg AB, and UIP International Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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