Global Braided Hoses Market size was valued at US $ XX Bn in 2019 and the total revenue is expected to grow at XX % through 2020 to 2027, reaching US$ XX Bn. The report has covered Country Market trends with a competitive landscape.
The report covers an in-depth analysis of COVID 19 pandemic impact on the Global Braided Hoses Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Braided Hoses Market
Global Braided Hoses Market Overview:
Braided hoses are preferred in multiple industrial applications due to the properties such as high flexibility, high-pressure performance, and abrasion-resistance. Braided hoses are used in piping systems to accommodate motion and eliminate the problems caused by vibration, piping alignment, and thermal expansion. They are ideal for applications requiring high flexibility and protection against bursting. The life expectancy of braided hoses depends upon the factors like temperature, pressure, fluid type, movement, cycle count, vibration, external damage, & the amount of corrosives present in the fluid and vary by application.
Rise in Usage of Braided Hoses in Industrial Manufacturing Anticipated to Drive the Market
The Growing use of various types of braided hoses for industrial applications is the key factor driving the growth of braided hoses market. Developing regions like India, China, Japan, and other countries in the Asia Pacific and Middle East & Africa are projected to drive the braided hoses market due to expanding automotive industry in the region.
Rapid Development in Construction Activities Boosting the Demand for Braided Hoses
The constantly developing construction industry across the globe is aiding the increased demand for braided horses. The global construction industry is expected to reach USD 10,835.6 billion by 2023 lifting the braided hoses market during the forecast period.
Uncertainty to the Oil and Gas market due to COVID-19 Outbreak Hindering the Growth
The global outbreak of COVID-19 has unfavorably affected the oil and gas industry as the consumption of transport fuels are increasing more slowly. Moreover, global attention is increasingly focused on the need for clean energy transitions to lower the risks of climate change affecting the oil and gas industry thereby hindering the braided hoses market.
Stainless Steel Segment held the Largest Market Share
By material, the stainless steel segment held the largest market share of XX % in 2019. The dominance is attributed to the wide use of stainless steel hoses in the industry due to properties of components such as high physical strength coupled with light weight, and anti-corrosive nature.
North America and Europe Dominates the Braided Hose Market
North America and Europe is expected to grow at a fast pace during the forecast period. Growth no the regions is attributed to the increasing usage of braided hoses in multiple sectors such as industrial manufacturing, automotive, and construction sector in the U.S., Mexico, Canada, U.K., Germany, France, and others.
APAC is likely to show the fastest growth of XX% during the forecast period. Constant infrastructure development activities and rise in industrial manufacturing is supplementing the increased demand for braided hoses in the region. According to India Brand Equity Foundation, India is estimated to become the third largest construction market by 2022 in the world.
The MMR reports cover key developments in the Braided Hoses Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product approvals product launches, and others. Inorganic growth strategies activities witnessed in the Braided Hoses Market were merges & acquisitions and collaborations & partnership.
The objective of the report is to present a comprehensive analysis of the Global Braided Hoses Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Braided Hoses Market dynamics, structure by analyzing the market segments and projects the Global Braided Hoses Market size. Clear representation of competitive analysis of key players by End Use, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Braided Hoses Market make the report investor’s guide.
Scope of the Global Braided Hoses Market
Global Braided Hoses Market1
Global Braided Hoses Market, By Region
• North America:
• South America
o Rest of South America
o CIS countries
o Rest of Europe
o South Korea
o Rest of APAC
• Middle East & Africa
o GCC Countries
o South Africa
o Rest of MEA
• Latin America
o Rest of Latin America
Key players operating in the Global Braided Hoses Market
• FlexFit Hose LLC
• KUZUFLEX GmbH
• NovaFlex Group
• Vega Flex India
• Penflex, Corp.
• Swagelok Company
• Ponaflex Hose Manufacturing, Inc.
• All Hose Inc.
• Plexistab Bulgaria
• Jinyuan Rubber Manufacturing Ltd
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