Global Braided Hoses Market – Introduction
- Braided hoses are tubes which can be utilized for the transfer of air, gases, and fluid substances under low or high pressure. The presence of the wire on braided hoses enhances the reliability of the hose and offers added strength. Braided metal hoses are adopted in fields of applications such as hydraulic & pneumatic medium, air-conditioning and heat techniques, technical gases, vacuum techniques, solar techniques, and hot steam conveyance.
- Braided hoses are available in different sizes, material, and configurations. They are available in both rigid and flexible form. Steel braided hoses are mainly used in manufacturing facilities and for industrial purposes etc.
Rise in usage of braided hoses in industrial manufacturing and in oil & gas industries anticipated to drive the market
- Rapid increase in installation of various types of braided hoses for industrial manufacturing, and in the oil & gas industry is projected to be a key driving factor for the market. China, India, Japan, Australia, United Arab Emirates, and other countries in Asia Pacific and Middle East & Africa are estimated to drive the braided hoses market due to expansion in the oil & gas industry, and rapid increase in construction activities. Stainless steel braided hoses are the most preferred and commonly used braided hose across the globe.
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Evolution in e-commerce industry to help manufacturers expand business
- Increase in sale of braided hoses through the online mode of distribution is projected to offer lucrative opportunities to manufacturers and distributors of braided hoses to expand their business and presence in various parts of the globe. Producers and suppliers of braided hoses are selling their products on their company website and on various e-commerce websites across the globe. Companies are also undertaking promotions and advertising campaigns on different media and online platforms to expand the reach of their products in different geographies.
North America and Europe hold major market share of braided hoses
- Geographically, the global braided hoses market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
- North America and Europe dominate the global braided hoses market. The braided hoses market in North America and Europe is anticipated to expand rapidly during the forecast period, due to rise in usage of braided hoses in industrial manufacturing and in the automotive sector in the U.S., Canada, Mexico, U.K., Germany, France, and other European countries.
- Furthermore, the market in Asia Pacific and Middle East & Africa is projected to expand at a significant growth rate during the forecast period. Increase in infrastructure development activities and installation of braided hoses in the oil & gas industry in China, India, Japan, and GCC is expected to surge the demand for braided hoses in Asia Pacific and Middle East & Africa.
Key Players Operating in the Braided Hoses Market
Prominent manufacturing companies are anticipated to face healthy competition during the forecast period. Brands such as KUZUFLEX Flexible Metal Hose, Novaflex, Penflex, Swagelok Company, and Plexitab are focusing on innovation of new products to strengthen their product portfolio and drive the sale of braided hoses in the global braided hoses market. Companies are opting for mergers and acquisitions, and joint ventures with local players to expand their product portfolio. Producers in developing countries are focusing on reducing their cost of production and increase profitability for the sustainable growth of their business. A few of the key players operating in the global braided hoses market are:
- KUZUFLEX Flexible Metal Hose
- FlexFit Hose
- Vega Flex India
- Swagelok Company
- Ponaflex Hose Manufacturing, Inc.
- All Hose Inc.
- JINYUAN RUBBER MANUFACTURING LTD
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Global Braided Hoses Market – Research Scope
Global Braided Hoses Market, by Wire Type
- Single Wire
- Double Wire
- Multi Wire
Global Braided Hoses Market, by Material
- Stainless Steel
- Polyvinyl Chloride (PVC)
- Others (Nylon, Rubber etc.)
Global Braided Hoses Market, by Application
- Industrial Manufacturing
- Oil & Gas
- Others (Agriculture and plumbing industry etc.)
Global Braided Hoses Market, by Distribution Channel
- Specialty Stores
- Hardware Stores
- E-commerce Websites
- Company-owned Websites
Global Braided Hoses Market, by Region
- North America
- Asia Pacific
- Middle East & Africa
- South America
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.