DUBLIN--(BUSINESS WIRE)--The "Industrial Hose Market - Global Forecast to 2023" report has been added to Research and Markets' offering
The industrial hose market was valued at USD 10.67 billion in 2017 and is expected to reach USD 14.81 billion by 2023, at a CAGR of 5.6% between 2017 and 2023
Increasing infrastructure-related developments and growing demand for robust industrial hoses in critical applications are the major drivers for the industrial hose market growth, while less scope for product differentiation restrains the growth of the industrial hose market.
The market for the automobile industry is expected to grow at the highest CAGR between 2017 and 2023. In the automobile industry, industrial hoses are used in radiators and heaters, hydraulic systems, power steering systems, and braking systems. These hoses are also used for the refueling of commercial as well as private automobiles and aircraft. Moreover, the growing applications of hoses in traditional as well as electric and hybrid electric vehicles drive the industrial hose market growth.
Hot water and steam media industrial hoses are used in compressors, blowing machines, spray guns, and sprayers. Water and infrastructure industries primarily use hoses to transfer hot water and steam media. These hoses are also used in chemicals, mining, oil & gas, and pharmaceuticals industries. Moreover, increasing industrialization and urbanization create demand for industrial hoses, further driving the industrial hose market.
The industrial hose market in APAC is expected to grow at the highest CAGR between 2017 and 2023. APAC is expected to witness rapid growth in the industrial hose market in the near future owing to rapid urbanization, increasing demand for automobiles, modernization of agricultural processes, and increasing demand for robust hoses from agriculture, infrastructure, and automobile industries.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industrial Hose Market, By Media Type
7 Industrial Hose Market, By Material
8 Industrial Hose Market, By Industry
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Emerging Players
- Kurt Manufacturing
- Merlett Tecnoplastic
- Pacific Echo
- Piranha Hose Products
- Ryco Hydraulics
- Transfer Oil
For more information about this report visit https://www.researchandmarkets.com/research/3l8tzk/industrial_hose