Global Mining Hoses Market to Reach $573.2 Million by 2030
The global market for Mining Hoses estimated at US$378.7 Million in the year 2023, is expected to reach US$573.2 Million by 2030, growing at a CAGR of 6.1% over the analysis period 2023-2030. Mining Hoses for Transporting Industrial Water/Alkali, one of the segments analyzed in the report, is expected to record a 6.2% CAGR and reach US$188.3 Million by the end of the analysis period. Growth in Mining Hoses for Transporting Bulk Powder segment is estimated at 5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $100 Million, While China is Forecast to Grow at 9.2% CAGR
The Mining Hoses market in the U.S. is estimated at US$100 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$132.7 Million by the year 2030 trailing a CAGR of 9.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$81.2 Million by the year 2030.
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