Report Details-
Asia-Pacific Industrial Hoses Market is expected to reach a value of USD 7,643.30 million by 2029, at a CAGR of 6.8% during the forecast period. Hydraulic hoses account for the most prominent modules mode segment. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Asia-Pacific Industrial Hoses Market Analysis and Size
Industrial hoses are being widely used in various industry verticals for their wide offerings. These hoses operate in adverse surroundings causing damages such as abrasion, rupture, and premature failure; working in these conditions makes it important to correctly select the type of hose needed for the application. For high pressure transfer, hydraulic hoses are most suitable and operate on millions of Psi pressure. The oil and gas sector uses hoses for the transfer of fuels and gases and requires high-quality build hoses to meet the standard specifications and safety. The Asia-Pacific industrial hoses market is growing rapidly due to increasing demand for robust industrial hoses in critical applications.
Market Definition
Industrial hoses are flexible reinforced tubes used for transferring different states of materials such as liquids and gases. The industrial hose operates in a wide range of pressure, thus being suitable for different sets of applications. Industrial hoses are available in different materials such as polyurethane, thermoplastics, and polyvinyl chloride among others. Each material offers a different set of operations and is used to transport various materials. The industrial hoses are available in rigid and flexible forms according to the need of industrial applications.
Post-COVID-19 Impact on Asia-Pacific Industrial Hoses Market
COVID-19 created a major impact on the Asia-Pacific industrial hoses market as almost every country opted for shutdown of every production facility except the ones dealing in producing the essential goods. The government took some strict actions such as shutdown of production and sale of non-essential goods, blocked international trade, and many more to prevent the spread of COVID-19. The only business which was operating during this pandemic was the essential services that were allowed to open and run the processes.
Competitive Landscape and Asia-Pacific Industrial Hoses Market Share Analysis
Some of the major players operating in the Asia-Pacific industrial hoses market are
· Eaton,
· PARKER HANNIFIN CORP,
· RYCO Hydraulics,
· NORRES Schlauchtechnik GmbH,
· Transfer Oil S.p.A,
· ContiTech AG,
· Kanaflex Corporation Co.,ltd.,
· Semperit AG Holding,
· KURIYAMA OF AMERICA, INC.,
· Titeflex,
· PIRTEK,
· Colex International Limited, UK, and
· Gates Corporation.
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Asia-Pacific Industrial Hoses Market Regional Analysis/Insights
The Asia-Pacific industrial hoses market is analyzed and market size insights and trends are provided by country, type, material type, media, wire type, pressure, and industry as referenced above.
The countries covered in this market report are
§ Japan,
§ China,
§ South Korea,
§ Australia,
§ India,
§ Thailand,
§ Malaysia,
§ Singapore,
§ Philippines,
§ Indonesia, and
§ Rest of Asia-Pacific.
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
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