Asia-Pacific dredging hose market is estimated to grow at a CAGR of nearly 3.7% during the forecast period. Rising development of port infrastructure and significant focus on riverbed dredging are some key factors contributing to the market growth in the region. Rising seaborne trade has led the demand for port maintenance and development in the region. China is the leader in the global exports and therefore, seven out of the top ten busiest ports are in China, as per the World Shipping Council. Further, in India, the government initiatives including the National Perspective Plan for Sagarmala are encouraging ports development in the country. 

Emerging economies including Bangladesh are also focusing on investment in port infrastructure. For instance, in February 2020, the Bangladesh government prepared a master plan to dredge 10,000 km of rivers to increase navigability and ensure better water transportation. Nearly 178 rivers will be dredged over the next five years. This leads to increasing demand for dredging equipment including hoses for suction and discharge applications and is suited in most demanding applications.

Some prominent players in the market include Trelleborg AB, JinYuan Rubber Manufacturing (JYM Hose) Ltd., VHMarineTech Co., Ltd., and Hebei Zebung Rubber Technology Co., Ltd. The market players are adopting key strategies including mergers and acquisitions, product launches, and partnerships and collaborations, to gain a competitive advantage. Trelleborg’s operation of engineered products manufactures a bend rubber dredging hose in China, which is the only one of its kind available in the country. Trelleborg’s pre-bend rubber dredging hoses produced in China is strengthened with armored rings, thus reinforcing the hose, and increasing its use-life. There is an emerging new extraction project in China that increased the need for new types of hoses that can withstand more extreme working conditions. As a result, the product delivers a higher level of wear. Even while pumping extremely abrasive media, it ensures a longer lifetime.

Research Methodology

The market study of the Asia-Pacific dredging hose market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

• Asia-Pacific Dredging Hose Market Research and Analysis, By Type

The Report covers:

• Comprehensive research methodology of the Asia-Pacific dredging hose market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific dredging hose market.
• Insights about market determinants which are stimulating the Asia-Pacific dredging hose market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.