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The Global Industrial Hose Market is expected to grow by $ 483.55 mn during 2020-2024 progressing at a CAGR of 1% during the forecast period

ReportLinker
·2-min read

Global Industrial Hose Market 2020-2024 The analyst has been monitoring the industrial hose market and it is poised to grow by $ 483. 55 mn during 2020-2024 progressing at a CAGR of 1% during the forecast period.

New York, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Industrial Hose Market 2020-2024 2020-2024" - https://www.reportlinker.com/p05658077/?utm_source=GNW
Our report on industrial hose market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for PVC, growth in the oil and gas industry and rising demand for vehicles. In addition, increasing demand for PVC is anticipated to boost the growth of the market as well.
The industrial hose market analysis includes application segment and geographical landscapes.

The industrial hose market is segmented as below:
By Application
• Oil and gas
• Chemicals
• Food and beverages
• Automotive
• Others

By Geographical Landscapes
• APAC
• North America
• Europe
• MEA
• South America

This study identifies the rising demand for hydraulic rubber hoses in the agriculture sector as one of the prime reasons driving the industrial hose market growth during the next few years. Also, increasing demand for industrial hose in China and rise in the number of building and construction activities will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on industrial hose market covers the following areas:
• Industrial hose market sizing
• Industrial hose market forecast
• Industrial hose market industry analysis


Read the full report: https://www.reportlinker.com/p05658077/?utm_source=GNW

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