Industrial Hose Market size, share & Forecast
The Industrial Hose Market was estimated around USD 9251 million in 2019, growing at a CAGR of 9.3% over the forecast period (2020-2027). The factors driving growth of the Industrial Hose Market includes rise in the number of infrastructure related projects around the world, growing demand for hoses for material handling in the construction industry, increase in the production of electric vehicles, and improvements in the living standards. Moreover, rising focus on modernizing agricultural practices, growing adoption of advanced technologies by manufacturers, increasing use of durable industrial hoses to prevent fatal accidents and rapid urbanization, are some of the additional factors supplementing the Industrial Hose Market size . In addition, the increasing investments by major companies on research and development, strategic mergers and acquisitions between leading players and growing disposable incomes, are further propelling the market growth. However, growth of the Industr...