Rubber Plated Hose Market Share, Size, Revenue, Latest Trends, CAGR Status, Growth Opportunities and Forecast 2029
The global rubber plated hose market size is expected to gain momentum owing to the rising demand in the manufacturing process in several industries during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Rubber Plated Hose Market, 2022-2029.” The availability of the product in wide varieties which include rock drill hose, oil hose, suction hose, welding hose, reinforced hose, and fuel hose are likely to aid the market growth. Its accessibility in variable sizes and shapes according to the application, and the provision of outstanding properties such as dimension accuracy, flexibility, heat resistance, chemical resistance, leak-proof, and easy adjustment make it stand out. These advantages fuel its demand in several industrial uses such as oil & gas, automotive, hydraulic, agriculture, food & beverages, chemicals, infrastructure, and mining.
Supply Chain Disruption to Hamper Growth
The rubber plated hose market system industry is a profitable marketplace hampered by the COVID-19 pandemic, which further caused all types of restrictive manufacturing and complete industrial perturbation across the countries. Due to nationwide lockdowns, social distancing norms and, disruption in the global supply chain, most manufacturers witnessed a decline in the supply-demand of materials which thereupon affected the market demand for rubber plated hose.
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Based on product type, the rubber plated hose market gets segregated into rubber rock drill hose, rubber oil hose, rubber suction hose, rubber welding hose, rubber reinforced hose, rubber fuel hose, and others. Based on end-use, the market gets divided into oil & gas, automotive, hydraulic, agriculture, food & beverages, chemicals, infrastructure, mining, and others. Finally, by geography, the market splits into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.
What does the Report Offer?
The market research report for rubber plated hose offers unified information on:
- Key drivers
- Opportunities driving the market
- Growth drivers
- Key players dominating the market
- Challenges and restrictions
- Important industrial developments
Drivers & Restraints:
Hike in Demand for Rubber Oil to Foster Market Growth
The rubber plated hose market is likely to broaden; owing to the rising inclination towards the rubber oil and suction hoses in several applications. The usage of rubber oil excellently provides longer service life, corrosion resistance, high compressive strength, and the ability to withstand temperature variations. The product finds its usage as a coolant hose for pipes and machinery, the connecting hose for the food, beverage processing industry, adhesive & chemical filling systems, and medical systems. However, the fluctuation in the rubber cost imposes a significant variation in the price of rubber plated hose which may obstruct the market growth.
Increasing Consumption of Rubber Fuel Hoses to Promote Growth in Asia Pacific
The Asia Pacific is likely to hold the dominant global rubber plated hose market share during the forecast period. The growing acquisition of rubber fuel hoses in the chemical and automotive industry is likely to expand the market in this region.
North America is likely to hold a sizeable share in the market, owing to the rising product demand in the food and beverage industry.
Manufacturers Focus on R&D Investments to Strengthen their Position
The rubber plated hose market is highly persuasive in nature. Due to the existence of the major market participants and the necessity of the latest advancements in production technologies, the industry has moderate to high entry barriers. The key trends, new product launches, expansions, and high rankings of the key players are also driving the market.
- December 2019: Gates introduced their new rubber hydraulic hose MXG 4K in India. The product promises to provide the outstanding benefits of high flexibility, light-weight, compact design, and easy application in automotive and industrial markets. The launch is likely to help Gates expand its business in India.
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List of Key Players Profiled in the Global Market for Rubber Plated Hose:
- Vardhman Hoses Pvt. Ltd.
- Shree Tirupati Rubber Products
- ACE Hose & Rubber
- Parker Hannifin Corp.
- Lomoflex Company Limited
- Teknikum Oy
- Harrison Hose & Tubing Inc.
- Anchor Rubber Products LLC
- Goodall Hoses
- NewAge Industries Inc.
- Abbott Rubber Company Inc.
- Kuriyama Holdings Corporation
- Goodflex Rubber Co. Ltd.
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