Hydraulic Hose and Fittings Market
The rising demand for better infrastructure facilities and surge in demand for construction equipment are driving the growth of the hydraulic hose and fittings market. Also, the growth of the mining industry is propelling the demand for hydraulic hose and fittings. However, modern mining firms present huge challenges for companies in the hydraulic hose and fittings market as they fail to provide products that meet or exceed equipment’s requirements. Consequently, keeping pace with market challenges and adapting to the fast-changing marketplace is becoming vital to succeed in the long-run. As such, companies are partnering with market intelligence solutions providers like Infiniti Research to leverage their expertise in offering custom market intelligence solution.
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Business Challenge[spacer height=”20px”]
The client is a hydraulic hose and fittings manufacturer based out of Canada.
Our client, a hose and fitting company, faced challenges due to the rising demand from mining companies for new equipment design with larger inside diameters and compounds to handle multiple fluids. Also, the new equipment design necessitated the client to recruit skilled labor and invest more into R&D. However, before investing a huge sum into this project, the client wanted to understand the rising needs and requirements of the Canadian mining sector and design products accordingly. In addition, the client wanted to understand the potential for their products for the next five years and gather comprehensive insights into their competitors’ strategies and business models.
Furthermore, as surface mining equipment required larger hose and fittings coverage than in underground mines, the client wanted to thoroughly understand the needs and requirements of surface and underground mining equipment manufacturers to design hose and fittings as per the requirement.
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