The industrial hoses are rubber hoses used for industrial applications such as delivery and transportation of pressure gas and liquid, conveying and drawing water and oil, and others. Hoses made of polyurethane have gained high momentum in recent years due to their exceptional resistance to gasoline, oil, and other petroleum products. Also, high demand from automotive industries is likely to create a favorable landscape for the players of the industrial hose market during the forecast period.
The industrial hose market is anticipated to lucrative growth in the forecast period owing to driving factors such as high demand from industries for robust hoses suitable in critical applications. Increasing demand for polyvinyl chloride material and growing infrastructure-related developments further augment the growth of the industrial hose market. On the other hand, lack of technicalities in industrial hoses may hamper the growth of the industrial hose market during the forecast period. Nevertheless, modernization in agricultural processes and increasing automobile sales is likely to create growth opportunities for the key stakeholders in the industrial hose market over the coming years.
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The global industrial hose market is segmented on the basis of material and industry vertical. Based on material, the market is segmented as natural rubber, nitrile rubber, polyurethane, PVC, silicone, and others. On the basis of the industry vertical, the market is segmented as automotive, water & wastewater, oil & gas, chemicals, infrastructure, food & beverages, agriculture, mining, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global industrial hose market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The industrial hose market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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The report analyzes factors affecting industrial hose market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the industrial hose market in these regions.