Global Metal Hose Market valued approximately USD 21.1 billion in 2017 is anticipated to grow with a healthy growth rate of more than 8.30% over the forecast period 2018-2025. The Metal Hose Market is continuously growing in the global scenario at significant pace. A metal hose is a flexible metal line element. Metal Hose includes Strip wound hoses and Corrugated hoses on the base of classification. Escalating utility in manufacturing and production sector, surging urbanization in both developed and developing countries and escalating utility in automotive sector are the substantial driving factors of the market during the forecast period. Moreover, surging utility in manufacturing & production facilities are the factors that likely to create numerous opportunity in the near future. Further, metal hose also offers various benefits such as extreme temperature, high physical strength, good corrosion resistance and so on, due to these benefits demand for metal hose is increasing across the globe. However, increasing cost associated with the metal and availability of substitute are the key restraining factors of the market during the forecast period. The regional analysis of Global Metal Hose Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.
The major market player included in this report are:
- BOA Group Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- Automotive Industry
- Steel Industry
- Aviation Industry
- Chemical Industry
- Energy Industry
- Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Metal Hose Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers