China dredging hose market is estimated to grow at a CAGR of nearly 3.9% during the forecast period. Significant rise in investment in port infrastructure is contributing to the rising number of dredging contracts in the country. In 2013, China’s Belt and Road Initiative (BRI) was introduced which is a major port infrastructure project in the country. Under the initiative, China is spending close to $1 trillion to connect trade hubs and ports from the Pacific to Northern Europe. With the growing exports to other countries, China is significantly focusing on improving port infrastructure, which leads to an increasing dredging activity and thereby encouraging the market growth in the country. 

China is the major provider of electronic products across the globe, which has primarily led its global trade operations. China exports a large number of electronic components that are utilized in televisions and smartphones. China exports all major electronic components, including LED chips, printed circuit boards, memory, mobile displays, capacitors, and open-cell TV panels. The demand for consumer electronic products globally is one of the major aspects of the increasing exports from the country. Further, as per the Eurostat, in 2019, China was the largest partner for EU imports of goods (19%) and the third-largest partner for EU exports of goods (9%) In 2019, EU imports of goods from China were nearly $406.2 billion. Therefore, seven ports out of the top ten global ports in the container handling by volume are from China. This, in turn, is leading the demand for port construction and maintenance activities in the country.

Some prominent players in the market include Hebei Zebung Rubber Technology Co., Ltd., Trelleborg AB, VHMarineTech Co., Ltd., and JinYuan Rubber Manufacturing (JYM Hose) Ltd. JYM Hose Ltd. exports its products to the international market, which includes Japan, Europe, South America, and the US. JYM range of products includes material handling hoses, oil and gas exploration hose, air and multipurpose hose, cement, chemical hoses, plaster and grout hoses, gas hoses, petroleum hose, food and beverage hoses, and some other specialty hoses, such as hot water hose and steam hose. The company serves its products across various sectors, such as construction, dredging, agriculture, oil & gas, automotive, mining, and welding, among others.

Research Methodology

The market study of the China 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:

• China Dredging Hose Market Research and Analysis, By Type

The Report covers:

• Comprehensive research methodology of the China 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 China dredging hose market.
• Insights about market determinants which are stimulating the China dredging hose market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.