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.
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
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