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Global hose hoop market will have a revenue of approximately US$2.11 billion by 2022

Author: QYResearch | Publish date: 2018-05-21 | Views: 31
The market of hose hoop is affected by the automobile industry development situation. Over the past decades, there has been an increasing demand for the application of automobile in many countries and regions.


Publisher: QYResearch

Published Date: 2018-05-21

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The growth in automobile market will drive the market for the hose hoop market. Thus, the global hose hoop is expected to witness a remarkable growth, posting a CAGR of over 5.24% during 2017-2022 based on industry revenue. In 2016, the hose hoop market revenue was estimated at 1.55 billion USD. And the figure is forecasted to reach about 2.11 billion USD by the end of 2022.


Automobile industry witnesses the highest growth rate of hose hoop application, which holds more than 23% of the industry in 2016. General Industry and Water Treatment are also important application of hose hoop.


Although sales of hose hoop may bring a lot of opportunities; for the new entrants with only advantage in capital but without sufficient support in technology and downstream channels, the research group did not recommend taking risk to enter this market


The global hose hoop market comprises numerous players offering broad range of products. Lots of manufactures of hose hoop offer a wide range of hose hoop to fit aftermarket requirements. The concentration of the market is relative low, among those manufacturers; Norma Group, Ideal Clamp Products, Gates, Oetiker Group and Peterson Spring are the top 5 players.


The Global Hose Hoops Market Research Report 2018 report released by QYResearch provides a basic overview of the Hose Hoops industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Hose Hoops industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


Click to view the full report:https://www.qyresearch.com/index/detail/228870/global-hose-hoops-market
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Media contact: press@qyresearch.com

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