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 decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $24.9 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025. The major growth drivers for this market are increasing construction activities, growth in vehicle production, and increasing agricultural yield.
Browse 56 market data tables and 136 figures spread through 205 pages and in-depth TOC on “Global Hose Pipe Market"
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In this market, different types of hose pipe such as hydraulic, pneumatic, chemical, and others are used as product type. On the basis of comprehensive research, 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.
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 hose pipe 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 and others are among the major hose pipe manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global hose pipe market by product type, end use industries, material type, diameter type, working pressure type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Hose Pipe Market 2020-2025: 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 2014 – 2025]:
Construction
Automotive
Oil and gas
Food and beverages
Agriculture
Others
By Product Type [Volume (M lbs) and ($M) shipment analysis for 2014 – 2025]:
Hydraulic
Pneumatic
Others
=By Material Type [Value ($M) shipment analysis for 2014-2025]:
By Diameter Type [Value ($M) shipment analysis for 2014 – 2025]:
Small Diameter (< 5 inch)
Large Diameter (> 5 inch)
By Working Pressure Type [Value ($M) shipment analysis for 2014 – 2025]:
Low Pressure
Medium Pressure
High Pressure
By Region (Million pounds and $ million shipment analysis from 2014 to 2025):
North America
Europe
Germany
The United Kingdom
France
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
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 click on this link https://www.lucintel.com/hose-market-global-t-f-19.aspx or helpdesk@lucintel.com.