The impact that COVID-19 has had on industries across the country is unparalleled, unlike anything we’ve seen in our years of business. Some industries, however, have been better able to navigate the new normal than others, and one of those has been the hydraulic hose industry. Over the past few months, PIRTEK has continued to grow and it’s still a great time to open a hydraulic hose repair business! Here, we’ll share some of the projections we’ve seen, and discuss how our team can help you get started.
The Four-Year Forecast
Many of the businesses that have suffered the most during these last few months have been B2C brands that rely on consumer foot traffic and an open society. For the hydraulic hose industry, however, the pandemic has been far less consequential; many repair brands have remained open and continue to bring their services to essential businesses across the globe.
Recently, a market report was published on the impact of COVID-19 on the global hydraulic hose industry that showed favorable projections for the coming years. According to Business Wire, the global hydraulic hose and fittings market’s overall growth is projected to increase 5% each year, from 2020-2024, and revenue is also expected to grow to $506 million. Hydraulic hoses play an essential role in the stability of high-pressure equipment. As these hoses continue to be utilized in the daily operations of large-scale businesses, PIRTEK will be there to repair them, thus preventing costly gaps in productivity.
How We’ve Grown
Despite the COVID-19 crisis, the PIRTEK network has continued to grow. Recently, franchisees based in Colorado and Illinois have scaled their investments due to the increased demand they’ve seen in their markets for a dependable hydraulic hose repair partner. Throughout the entirety of the pandemic, we’ve reassured our clients that our teams will be there for them 24/7, whenever they need us. Our business has been able to stay up and running thanks to our mobile capabilities that allow our teams to arrive on-site and deliver a high-quality service, without putting people at risk unnecessarily. PIRTEK is adaptive and innovative enough to navigate the circumstances of any situation. By opening a hydraulic hose repair franchise with us, you’ll be partnering with a company at the top of its game, one that’s growing at an impressive rate.
How We Support You
Of course, we don’t expect our franchisees to execute a game plan without our full support. One of the significant benefits of franchising is not having to worry about having all the answers. Many of our franchisees are new to business ownership, so throughout the pandemic, we’ve made sure to help them overcome any potential hurdles and address all their concerns. Thankfully, not many situations have prevented our franchisees from delivering their repair services, but we’ll always be there for them should they need us.
Would you like to learn more about opening a hydraulic hose repair business with PIRTEK? We’re here to help, so with any questions you might have!