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Recovery of Manufacturing in China and India along with Rising Demand for Automobiles will Guide the Hose Pipe Market Future: Ken Research

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Title: Recovery of Manufacturing in China and India along with Rising Demand for Automobiles will Guide the Hose Pipe Market Future: Ken Research


1
Recovery of Manufacturing in China and India
along with Rising Demand for Automobiles will
Guide the Hose Pipe Market Future Ken Research
2
Automotive hose is expected to register constant
growth as demand for commercial and private
vehicles increases. Mechanization will drive
growth for hydraulic hoses used in various
machineries. Small investment required for
setting up an assembly unit will help in
diversifying the hose manufacturing to different
geographies.
3
Improving resistance to wear and increased
capability to bear extreme temperature and
pressure will expand the scope of processes where
hose can be used. Analysts at Ken Research in
their latest publication Global Automotive and
Hydraulic Hose Pipe Market Outlook to 2021
believe that RD expenditure must be increased to
attract the best minds and resources to develop
the industry. Governments must ensure that IPR
must be protected to promote RD. Companies can
interact with small manufacturers of hydraulic
machinery to create awareness about their
products. Market for automotive and hydraulic
hoses will register a positive growth in the
future as manufacturing is recovering in all
major economies. With improved living conditions
and increasing purchasing power, demand for
automobiles is on rise.
4
  • The report provides information on hydraulic and
    automotive hose pipes used in manufacturing,
    automobile and construction industry. It also
    covers the product and company profile of global
    majors such as Eaton, Trelleborg, Manuli, Gates,
    Polyhose and others.
  • With improved living conditions and increasing
    purchasing power, demand for automobiles is on
    rise. Rise in income level has also led to
    increase in demand for better infrastructure and
    real estate thus creating additional demand for
    construction machineries and other type of
    domestic hoses. Market for automotive and
    hydraulic hoses will register a positive growth
    in the future as manufacturing is recovering in
    all major economies. Emergence of several new
    countries especially in Africa, parts of Asia and
    Latin America that have focused on mechanization
    to improve efficiency and emerge as producer of
    finished goods rather than raw material will have
    positive impact on the demand for hose in future.

5
All major companies operating in hose pipe
segment have positive outlook about the future
demand for hose pipes. They are bullish about the
market on the assumption that improving economic
conditions will promote manufacturing and demand
for automobiles. Asia Pacific will continue to
maintain its dominance in the hose market as it
caters to some of the largest economies in the
world which includes countries like India, China,
Japan and Australia. Europe will remain the
largest market in EMEA however growth will
remain near stagnant in coming years as demand
for automobiles decline both in terms of
manufacturing and demand. In Middle East, most of
the demand comes for replacement and repair. Many
types of equipment are imported from foreign
countries and they are in-build to the equipment
as intermediary good.
6
The market in Canada is expected to remain stable
whereas Mexico may register growth in demand if
manufacturing is not much affected by prohibitory
policy of the US. Countries such as Brazil and
Venezuela are expected to recover from economic
slump and gain political stability to promote
economic recovery thus increasing the consumption
of hoses. Key Topics Covered in the
Report Growth in Automotive Hose Pipe
Market Industrial Hose Pipes with Fittings
Market Segmentation Automotive Hose Pipe
Market Global Hose Pipe Market Size Manufacturers
Hose Pipe India Competition in Hose Pipe
Market Rubber Hose Pipe Industry Growth Hose Pipe
Market Trends
7
Flexible Hose Pipe Market Hose Pipe Manufacturers
Global To know more about the report https//www
.kenresearch.com/manufacturing-and-construction/ma
chinery-and-parts/global-hose-pipe-market/126805-9
7.html Related Reports https//www.kenresearch.co
m/automotive-transportation-and-warehousing/automo
tive-and-automotive-components/south-africa-lubric
ant-market-report/42049-100.html
8
https//www.kenresearch.com/manufacturing-and-cons
truction/infrastructure/china-shipbuilding-market-
statistics/42910-97.html https//www.kenresearch.
com/manufacturing-and-construction/industrial-engi
neering/india-industrial-automation-market-researc
h-report/4480-97.html Contact Ken Research
Ankur Gupta, Head Marketing Communications quer
y_at_kenresearch.com 91-124-4230204
9
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