According to Future Market Insights, the fire hose market is expected to scale new heights with a projected US$ 700 million value by 2023-end, and a CAGR of 5.5% to reach US$ 1,200 million by 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 700 million |
| Projected Market Value in 2033 | US$ 1,200 million |
| Growth Rate (2023 to 2033) | 5.5% CAGR |
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The fire hose market is driven by several factors, including increased demand for fire safety equipment and growing awareness about the importance of fire safety in both residential and commercial buildings.
The fire hose market in Europe has witnessed significant growth in recent years due to the increasing demand for fire safety equipment. The rise in construction activities and natural disasters has also driven the market in Europe. The fire hose market in Europe is expected to continue growing in the coming years, with a focus on developing innovative fire hoses with improved performance and efficiency.
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Nylon filament is the most lucrative material used segments in the fire hose market. Nylon filament is known for its high strength and abrasion resistance, which make it a popular choice for fire hoses. The increasing demand for high-performance fire hoses and the need for lighter and more durable fire hoses have led to a growing demand for nylon filament fire hoses, making it one of the most lucrative materials used segments in the fire hose market.
The fire hose market is highly competitive with major players such as Angus Fire, National Fire Fighter, and others. These players offer a wide range of products and services, making the market highly fragmented. Key players are investing in R&D, new product launches, and mergers and acquisitions to stay ahead of the competition.
Recent Developments:
Fire Hose is important tool for firefighting applications. It is used to carry water to the end nozzle for spraying water on targeted system. Working pressure of fire hose can vary between 6 - 25 bar pressures.
Currently, fire hose materials are composed of synthetic fabrics and elastomers via extrusion process involving two layers of fibres are woven to form a hose jacket. The embedded material of fire hoses are light in weight and offer resistance to sunlight and chemicals.
Apart from use of fire hoses in firefighters application it is also used as a flotation device in water rescue applications by inflating air in hose. Simultaneously, to avoid failure of fire hose then fire hose need to be tested frequently also before testing one has insure that there is no signs of imminent failure.
There are two types of testing used in the industries such as destructive and non-destructive type of testing. Another use of fire hose is in to pump water out of basements. Hoses are available in various qualities and its life span is depends on which material quality and its usage frequency. Fire hoses are also used in offshore, marine sector, industrial premises and others.
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The mandated protocols of fire hazard prevention in residential, commercial and industrial establishments have necessitated the associated firefighting gear including fire hoses.
Also the increased usage in civic disaster incidents such as bushfires, explosions have incurred the use of fire hoses in a healthy manner. Advancement in manufacturing processes maximizing service life of fire hoses results in less maintenance cost of fire hose is considered to be a driver for the growth of global fire hose market.
Furthermore, the research and development in improved variants of fire hoses such as fire resistant attack hose has amplified its usage by the respective end users. Conversely, there are certain problems which occur while using fire hose such as maintenance, storage, and environmental effects. Hoses placed on the apparatus vibrates and rub against the walls and debris results in wear out of the outer jacket such a problems may cater growth of fire hose global market.
Also, when fire hose fails it get explodes and can send housings and couplings blasting in air which can hit to peoples by the debris. Such aspects may restrain the growth of global fire hose market with end users resorting to substitutes.
Europe and North America are the two prominent regions being both production and consumption hubs of fire hoses thus enabling its growth. Besides, Asia pacific is said to be an emerging market China, India, ASEAN and Japan like countries with healthy demand from all end use sectors. GCC countries owing to stringent safety standards for residential and commercial establishments has been a lucrative market for fire hose as well.
Major companies who are key participants in the global Fire Hose market, identified across the world are:
As of strategic point of view this key participants industries are also focusing on research and development of fire hose materials so that to make fire hose sustainable and durable. Dominant players are also focusing on manufacturing customised fire hoses to get more customer base.
The market report is compilation of total robust analysis on global fire hose market by considering its supply and demand factors. This research report involves past, latest, and research activities on fire hoses.
Globally, the Fire Hose market can be segmented on the basis of Pressure, Material Used and Size
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Fire Hose Market
