What is the projected market size and growth rate of the Braided Hoses Market?

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.

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
• Novaflex
• Vega Flex India
• Penflex
• Swagelok Company
• Ponaflex Hose Manufacturing, Inc.
• All Hose Inc.
• Plexitab
• 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
• Automotive
• Construction
• Others (Agriculture and plumbing industry etc.)

Global Braided Hoses Market, by Distribution Channel

• Offline
• Specialty Stores
• Hardware Stores
• Online
• E-commerce Websites
• Company-owned Websites

Global Braided Hoses Market, by Region

• North America
• Europe
• 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.

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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
• Europe
• Latin America
• The Middle East and Africa

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