According to the latest report by IMARC Group, titled "India Rubber Hose Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the India rubber hose market reached a value of US$ 476.8 Million in 2022. A rubber hose refers to a tube that is mainly designed to carry fluids from one point to another. It is a hollow cylindrical tube that generally consists of multiple reinforcing layers of spiraled or braided synthetic fiber, a seamless synthetic rubber tube and an outer cover. These layers make rubber hose ideal for systems where the material being conveyed may be cohesive, abrasive or friable in nature. It is commonly available in different sizes that are widely used for a wide range of applications across India, including gardening and landscaping, farming, and waste and water discharge and exhaust.
India Rubber Hose Market Trends:
The market in India is primarily driven by significant growth in the construction industry. Coupled with the increasing investments by private and public agencies in infrastructural development projects, such as the development of biofuel plants, are providing a boost to the demand for rubber hose across India. Moreover, the growing exploration and drilling activities of oil and gas are creating a positive market outlook. Additionally, the numerous initiatives undertaken by the government and non-government organizations (NGOs) for water conservation on account of the rising environmental concerns are impacting the market growth favorably. Furthermore, the rising utilization of rubber hoses as a coolant for multiple processing industries, machinery, medical equipment, and adhesive and chemical filling systems is significantly supporting the product demand across the country. The market is further driven by the increasing adoption of rubber hose in the manufacturing of automotive air conditioning systems. Other factors, including rapid industrialization, the growing installation of heating, ventilation, and air conditioning (HVAC) systems across buildings and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market across India. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 613.8 Million by 2028, exhibiting a CAGR of 4.2% during 2023-2028.
- On the basis of the product type, the market has been bifurcated into natural latex (rubber), synthetic and others.
- Based on the media, the market has been classified into water, oil, hot water and steam, air/gas, food and beverage and chemical.
- On the basis of the pressure rating, the market has been segmented into low, medium and high.
- Based on the application, the market has been segregated into residential, commercial, industrial, municipal, automotive, transportation and others.
- On the basis of the region, the market has been divided into North India, West and Central India, South India and East India.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
|Base Year of the Analysis
||Product Type, Media, Pressure Rating, Application, Region
|| North India, West and Central India, South India, East India
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