The latest report published by IMARC Group, titled “Industrial Hose Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global industrial hose market is expected to exhibit a CAGR of 5.4% during 2022-2027. An industrial hose, also known as a rubber hose, is a cylindrical hollow tube designed to transfer fluids from one point to another. It comprises multiple layers, including an outer cover, seamless synthetic rubber tube, and braided or spiraled reinforcing layers. Over the years, industrial hoses made of different materials have replaced hard hoses due to their improved flexibility.
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Global Industrial Hose Market Trends:
The market is primarily driven by the increasing applications in chemical, aerospace, food and beverage, pharmaceutical, agriculture, and automotive industries. For instance, rubber hoses are used for material handling and transferring fluids in the infrastructure and construction industries. Besides this, the widespread utilization of rubber hoses in automobiles for optimizing engine performance and enhancing fuel efficiency is accelerating the market growth. Furthermore, the development of innovative industrial rubber hoses for the discharge and suction of multiple media is bolstering the market. Moreover, the rapid industrialization, growing modernization of agriculture processes and the developing oil and gas sector are anticipated to propel the market growth further.
Key Market Segmentation:
Breakup by Material:
Breakup by Wire Type:
Breakup by End Use Industry:
Breakup by Region:
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Key highlights of the report:
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