A hose is a flexible hollow tube designed to carry fluids from one location to another. Hoses are also sometimes called pipes, or more generally tubing. The shape of a hose is usually cylindrical. Hose design is based on a combination of application and performance. Common factors are size, pressure rating, weight, length, straight hose or coilhose, and chemical compatibility.
A tyre is a ring-shaped vehicle component that covers the wheel's rim to protect it and enable better vehicle performance. Most tyres, such as those for automobiles and bicycles, provide traction between the vehicle and the road while providing a flexible cushion that absorbs shock.
The global hoses market is expected to grow at a substantial growth rate in the near future owing to the increased demand for hoses particularly from agricultural and industrial applications. The demand for hydraulic rubber hoses is increasing considerably in the industries of construction, agriculture, and automotive.
The global tyre market reached figures worth more than 2.9 Billion units in 2016, growing at a CAGR of around 4.5% during the last seven years. This market can be broken into two sectors – the OEM and the replacement market. The demand from the OEM tyre market is dependent upon the sales of new vehicles and is thus prone to a high degree of cyclicality. Demand in the replacement tyre market depends upon the usage patterns and the replacement cycles of existing tyres. Thus, due to demand it is a good project for entrepreneurs to invest.
Few Indian Major Players are as under
· Echlin India Ltd.
· Lakshmi Auto Components Ltd.
· Minda T G Rubber Pvt. Ltd.
· Parker Hannifin India Pvt. Ltd.
· Poly Hose India (Rubber) Pvt. Ltd.
· Ace Tyres Ltd.
· Apollo Tyres Ltd.
· Balkrishna Industries Ltd.
· Bridgestone India Pvt. Ltd.
· Ceat Ltd.