Hose pipes are flexible pipes majorly used for
transportation of liquid and gas. According to a new market report published by
Lucintel, the future of the hose pipe market looks promising with opportunities
in the construction, automotive, oil & gas, food & beverages, and
agriculture industries. The global hose pipe market is expected to reach an
estimated $26.5 billion by 2024 with a CAGR of 4.3% from 2019 to 2024. The major
growth drivers for this market are increasing construction activities, growth
in vehicle production, and increasing agricultural yield.
In this market, hydraulic, and pneumatic hose
pipes are used in various end use industries. Lucintel forecasts that hydraulic
hose pipes will remain the largest segment and it is also expected to witness
the highest growth due to increasing demand from construction, automotive, and
agriculture industry.
Within the hose pipe market, Lucintel forecast
that construction will remain the largest segment by end use industry over the
forecast period and it is also expected to witness highest growth due to growth
in commercial and residential construction.
In this market, rubber and plastic are used
for manufacturing hose pipes. Lucintel forecasts that rubber hose pipes will
remain the largest segment. Lucintel predicts that the plastic hose pipe
segment is expected to witness the highest growth due to it’s outstanding flow
characteristics, chemical resistance, and wear resistance properties.
Asia Pacific is expected to
remain the largest region and witness the highest growth over the forecast
period due to the growth of different end use
industries such as construction, automotive, oil and gas, food and beverages,
agriculture, and others.
Emerging
trends, which have a direct impact on the dynamics of the industry, include development
of self straighten to avoid twisting, and tangling and innovation of
polyurethane safe soaker hose pipe. Sumitomo Riko, Eaton, Gates Corporation, Parker
Hannifin, and Nichrin are among the major suppliers of hose pipes.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in the
global hose pipe market by product type, end use industries, material type, diameter
type, working pressure type, and region. Lucintel has prepared a comprehensive
research report entitled
“Growth
Opportunities in the Global Hose Pipe Market 2019-2024: Trends, Forecast, and
Opportunity Analysis.” The
Lucintel report serves as a catalyst for
growth strategy as it provides a comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the global hose pipe
market by product type, end use industries, material type, diameter type,
working pressure type, and region.as follows:
By End Use Industries [Volume (M lbs) and ($M)
shipment analysis for 2013 – 2024]:
- Construction
- Automotive
- Oil and gas
- Food and beverages
- Agriculture
- Others
By Product Type [Volume (M lbs) and ($M)
shipment analysis for 2013 – 2024]:
- Hydraulic
- Pneumatic
- Others
By Material Type
[Value ($M) shipment analysis for 2013-2024]:
- Rubber
- Plastic
- Others
By Diameter Type [Value ($M) shipment analysis
for 2013 – 2024]:
- Small Diameter (< 5 inch)
- Large Diameter (> 5 inch)
By Working Pressure Type [Value ($M) shipment
analysis for 2013 – 2024]:
- Low Pressure
- Medium Pressure
- High Pressure
By Region [Volume and ($M) shipment analysis
for 2013 – 2024]:
·
North America
−
US
−
Canada
−
Mexico
·
Europe
−
Germany
−
The United Kingdom
−
France
−
Russia
·
Asia Pacific
−
China
−
Japan
−
India
−
South Korea
·
The Rest of the World
−
Brazil
−
Argentina
This
205-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT
Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key
decision-makers in a variety of industries. For further information, visit
www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high growth opportunities for the global hose pipe market by end use
industries (construction, automotive, oli & gas food & beverages,
agriculture, others), product type (hydraulic, pneumatic, chemical, and others),
material type (rubber, plastic, and others), diameter type (large diameter and small
diameter), working pressure type (low pressure, medium pressure, and high
pressure) and region (North America, Europe, Asia Pacific, and the Rest of the
World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are the emerging trends in this
market and the reasons behind them?
Q.7 What are the changing demands of customers
in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
No comments:
Post a Comment