The Asia Pacific Hose Pipe Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 2,864.1 million Meter, showcasing a growth of 5.2% (2019-2022).
A hose pipe is a flexible, cylindrical conduit designed to transfer and transport any fluid from one end to the other. The design of the hose is primarily founded on its combined performance and application properties. Some important factors for its design and manufacturing are dimensions, chemical reliability, length, straighter or coil hose, pressure rating, and weight. Depending on the surrounding environment and required pressure gauges, hose pipelines are made from polyurethane, polyester, natural or synthetic rubber.
Rubber pipes are resilient, possessing both high durability and adaptability. The most flexible dredge hoses are used to transport silt and garbage. Flexible dredge hoses consist of floating rubber hose, exhaust hose, draw hose, battle horse, and ceramic hose, among others. In addition, demand growth in the agricultural, construction, and manufacturing industries drives the expansion of the hose pipe market. Greater food consumption has compelled the agriculture industry to increase crop yield, increasing the demand for hose pipes.
As per the International Trade Administration (ITA), China remains the largest vehicle sector in terms of annual sales and output from manufacturing, with domestic production expected to exceed 35 million vehicles by 2025. According to the Ministry of Industry and Information Technology, more than 26 million vehicles, including 21.48 million passenger vehicles, were sold in 2021, a 7.1% increase from 2020. Sales of commercial vehicles reached 4.79 million units, 6.6% less than in 2020. China has become the world's largest automotive industry, with millions of vehicles produced and sold yearly. These factors are contributing to the growth of the market in this region.
The China market dominated the Asia Pacific Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,937.6 million by 2030. The Japan market is experiencing a CAGR of 4.4% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 5.8% during (2023 - 2030).
Based on Type, the market is segmented into Pneumatic, Hydraulic and Others. Based on End Use, the market is segmented into Construction, Food & Beverages, Oil & Gas, Agriculture, Automotive and Others. Based on Material, the market is segmented into Rubber, Plastic and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Hose Pipe Market is Predict to reach $31.6 Billion by 2030, at a CAGR of 4.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Parker Hannifin Corporation, Eaton Corporation PLC, Gates Industrial Corporation plc (Blackstone Inc.), Manuli Hydraulics UK Ltd, SHP Primaflex GmbH, Sumitomo Riko Company Limited, Nichirin Co., Ltd., Polyhose Inc, Continental AG and Colex International Ltd.
By Type (Volume, Million Meter, USD Billion/Million, 2019-2030)
By End Use (Volume, Million Meter, USD Billion/Million, 2019-2030)
By Material (Volume, Million Meter, USD Billion/Million, 2019-2030)
By Country (Volume, Million Meter, USD Billion/Million, 2019-2030)
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