Construction, Sales and Repair of Automobile, and Mechanization in Manufacturing and Agriculture will Grow the demand of Hoses in Global Market: Ken Research

Recovery in Chinese economy, Rise in Global Demand for Automobiles and Mechanization in Agriculture and manufacturing in Emerging Economies will drive the Market for Global Hose Pipe

The report titled “Global Automotive and Hydraulic Hose Pipe Market Outlook to 2021 – Growth in Global Construction and Rising Demand for Automobiles will Drive the Future” by Ken Research suggested that market for automotive and hydraulic hoses will register a positive growth in the future as manufacturing sector is recovering in all major economies. Asia Pacific will continue to maintain its dominance in the hose market as it caters to some of the largest manufacturing economies and has a very large consumer base in the world.

Global Automotive and Hydraulic Hose Pipe Market

The market for global hose pipe was determined based on the revenue generated from sale of automotive and hydraulic hose. Hydraulic hose led the market and all major companies in both hydraulic and automotive hose segment. Global automotive and hydraulic hose pipe market registered a positive CAGR in 2011-2016, and is expected to maintain the momentum of growth in future. In 2012-2013, construction and manufacturing was at boom in China leading to increased demand for equipments, machines and tools. Many of these equipments have fluids flowing through them as fuel, lubrication fluid, power transmission fluid and others creating demand for hoses. The oil and gas prices were on surge and many companies had expanded their business in the sector creating demand for hoses in the industrial sector. Asia Pacific was the biggest region in terms of revenue followed by the Americas and EMEA.

Hose pipes can bear limited pressure and temperature because of their construction material. Their flexibility makes it easier to store large sections and reduce number of intersections. Demand for replacement of old hose pipes is another segment contributing to the revenue of hose pipe in the market. Hose have limited life and need to be maintained under proper condition to ensure their longevity. The market for hose pipe was largely dominated by many large players such as Manuli, Trelleborg, Gates and others. Demand for B2B sales was the key source of revenue and were largely dominated by large industry players with global presence.

Key Topics Covered in the Report

Indonesia Parker Market Share Hose Pipe

Automotive Hose Pipe Market Competition

Competition Hose Pipe Global

Future Hose Pipe Market Global

Indonesia Hose Pipe Market Size

Global Hydraulic Hose Pipe Market

India Hose Pipe Market

Indonesia Hose Pipe Industry

Global Automotive Hose Pipe Market

Future Hose Pipe Market

To know more about the report:

https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/global-hose-pipe-market/126805-97.html

Related Reports

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/south-africa-lubricant-market-report/42049-100.html

https://www.kenresearch.com/manufacturing-and-construction/infrastructure/china-shipbuilding-market-statistics/42910-97.html

https://www.kenresearch.com/manufacturing-and-construction/industrial-engineering/india-industrial-automation-market-research-report/4480-97.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s