Mining Hoses Market to Reach US$ 616.43 Million by 2032 - Future Market Insights, Inc.
As per the research at FMI, the mining hoses market was valued at US$ 370.86
Million and is predicted to reach US$ 616.43 Million by 2032,
growing at an average 5.6% CAGR.
Increased production of various minerals such as copper,
gold, and iron, including some product manufacturing companies implementing
mining programs, are driving the mining hoses market.
The booming construction sector as developing countries
like India and China build and reform their infrastructure
to support consistent economic development along with building and repairing
highways is also flourishing the growth of the mining hoses market in new
markets.
Cost-effective and environmentally friendly construction
techniques are integrating with modern construction practices, including
transportation and building, which are driving the market's growth and
expanding its market size worldwide.
Increased production of minerals and mineral-based products
like mineral powders in emerging economies like India and China are
opening up new market spaces for the mining hoses market, enhancing the sales
of mining hoses solutions.
The use of hoses is an integral part of most equipment in
mines, along with surface operations, industrial hoses, and shops, fuelling the
sales of mining hoses in multiple regions.
To Know More@
https://www.futuremarketinsights.com/reports/mining-hoses-market
KEY TAKEAWAYS:
- The
slurry segment from the mining hoses market's transporting
media category is expected to grow at the fastest CAGR of 6.3% in
the service type category, helping it to reach US$ 110.1 Mn.
- The
synthetic rubber segment is expected to grow at a strong CAGR of
7.19% in the component category of the mining hoses market. USA, Canada, Japan, China,
and Europe hold a 6% CAGR that is estimated for the slurry
segment of transporting media category.
- United
States is expected to reach a market size of US$
83.2 million in mining hoses by 2032.
- The
market size of the mining hoses market in China is
expected to reach US$ 152.3 Million by 2032, growing at a CAGR
of 9.1% during the research period.
- Canada's mining
hoses market is expected to thrive at a CAGR of 5.3% over the
forecast period.
- Japan's mining
hoses market is expected to flourish at a CAGR of 3.2% during the
research period (2022-2032).
- While Germany within Europe grows
slowly at a CAGR of 3.7% between 2022 and 2032.
COMPETITIVE LANDSCAPE:
Some of the mining hoses market's key
competitors profiled in the research are AlfaGomma SpA, Continental
Group, Eaton Corporation PLC, Weir Group PLC, Trelleborg AB, Goodall, Metso
Corporation, TESS International, and Novaflex Inc.
Key segments
By Transporting Media:
- Industrial
Water/Alkali
- Bulk
Water
- Slurry
By Material:
- Natural
Rubber
- Synthetic
Rubber
By Region:
- North
America
- South
America
- Europe
- Asia
Pacific
- Middle
East & Africa
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