Industrial Hose Market Growth, Size, Trends, Demand, Revenue, Challenges and Future Outlook
Industrial Hose Market Size- By Material, By Media, By Industry Verticals- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: COAM2401 | Pages: 1 - 217 | Formats*: |
| Category : Construction & Manufacturing | |||
Industrial Hose Market Introduction and Overview
According to SPER Market Research, the Global Industrial Hose Market is estimated to reach USD 26.78 billion by 2033 with a CAGR of 6.61%.
The report includes an in-depth analysis of the Global Industrial Hose Market, including market size and trends, product mix, Applications, and supplier analysis. A flexible hollow tube used to transport fluids from one place to another is called a hose. A hose typically has a circular cross section and a cylindrical shape. The design of hoses is determined by both performance and application. Size, weight, length, chemical compatibility, and pressure rating are frequently taken into account when designing hoses. Depending on the environment and required pressure rating, applications primarily use nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers. Teflon, stainless steel, and other metals are examples of additional hose materials. Pipes and tubes used to supply chemicals, water, and other fluid materials are referred to as industrial hoses.
- 2019: The Eaton (Ireland) auto group's aftermarket division signed a distribution agreement with Bezares SA to serve as the company's North American distributor for its portable power hydraulic portfolio. Through this partnership, Eaton's aftermarket team will be able to leverage its relationship with Bezares to provide comprehensive portable hydraulic solutions that meet client needs for PTOs and other hydraulic products.
- 2018: Gates (US) launched a new line of premium, multipurpose hydraulic hose to satisfy replacement market and OEM needs. This new product is intended for apps across multiple sectors, such as agriculture, mining, construction, and other end-market apps.
Market Opportunities and Challenges
Growing infrastructure-related developments and the need for durable industrial hoses in demanding applications are driving the industrial hose market. Global automobile demand is predicted to rise, and players in the market should see tremendous growth potential due to the modernization of agricultural practices. Different chemical-carrying hoses are critical to the expansion of the worldwide industrial hose market. Polyurethane hoses are very popular because they can be used for a variety of end-user applications and can be designed to be either rigid or flexible. Hoses used to transport chemical media should be highly resistant to chemicals and abrasions, as well as able to tolerate high pressures and temperatures.
One of the disappointing aspects of the industrial hose market's growth is the dearth of technicians who are knowledgeable about these hoses. Additionally, the worldwide industrial hose market is being hampered by a reduced ability to reach end users. Steel prices are unstable as a result of excessive steel production and fluctuating raw material prices. Steel costs are also impacted by a drop in oil prices. Because of the frequent fluctuations, steelmakers find it challenging to predict the prices of raw materials. Thus, it is projected that during the forecast period, the high price volatility of raw materials will impede the growth of the global industrial hose market.
Market Competitive Landscape
Many businesses are concentrating on organic growth tactics, including product launches, approvals, patents, and events. Among the market's observed inorganic growth strategies are acquisitions, partnerships, and collaborations. The market players' customer base and business have grown as a result of these activities. The increasing demand for industrial hoses is expected to present profitable growth opportunities for the market players in the future. Some of the key players are - Colex International., Eaton, Gates, Kurt Manufacturing, NORRES, Parker Hannifin, Piranha Hose Products, RYCO Hydraulics, Transfer Oil S.p.A.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Material, By Media, By Industry Verticals |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Colex International, Eaton, Gates, Kurt Manufacturing, NORRES, Parker Hannifin, Piranha Hose Products, RYCO Hydraulics, Transfer Oil S.p.A. |
COVID-19 Impact on Global Industrial Hose Market
Globally, the COVID-19 pandemic has affected industrial hose sales. For a few participants in the ecosystem, though, the pandemic presented opportunities. Chemical and gas hoses were in high demand because pharmaceutical manufacturing facilities were operating all over the world. Industrial hoses are used in dosing systems, pelleting machines, vacuum conveying devices, and suction conveyors in the pharmaceutical industry. In light of this, it is projected that a rise in pharmaceutical manufacturing will support the post-COVID-19 demand for industrial hoses.
Key Target Audience:
- Distributors and Suppliers
- Engineering and Consulting Firms
- Government Agencies
- Investors and Financial Institutions
- Manufacturers of Industrial Hoses
- Others
Our in-depth analysis of the Industrial Hose Market includes the following segments:
| By Material: |
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| By Media: |
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| By Industry Verticals: |
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Key Topics Covered in the Report:
- Global Industrial Hose Market Size (FY’2023-FY’2033)
- Overview of Global Industrial Hose Market
- Segmentation of Global Industrial Hose Market By Material (Natural Rubber, Nitrile Rubber, Polyvinyl Chloride (PVC), Silicone).
- Segmentation of Global Industrial Hose Market By Media (Chemical, Food and Beverage, Oil, Water and Others.)
- Segmentation of Global Industrial Hose Market By Industry Verticals (Agriculture, Automotive, Government, Healthcare, Manufacturing.)
- Statistical Snap of Global Industrial Hose Market
- Expansion Analysis of Global Industrial Hose Market
- Problems and Obstacles in Global Industrial Hose Market
- Competitive Landscape in the Global Industrial Hose Market
- Impact of COVID-19 and Demonetization on Global Industrial Hose Market
- Details on Current Investment in Global Industrial Hose Market
- Competitive Analysis of Global Industrial Hose Market
- Prominent Players in the Global Industrial Hose Market
- SWOT Analysis of Global Industrial Hose Market
- Global Industrial Hose Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Industrial Hose Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Industrial Hose Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Industrial Hose Market
7. Global Industrial Hose Market, By Material (USD Million)
7.1. Global Industrial Hose Market Value Share and Forecast, By Material, 2023-20337.2. Natural Rubber7.3. Nitrile Rubber7.4. Polyvinyl chloride (PVC)7.5. Silicone7.6. Others
8. Global Industrial Hose Market, By Media (USD Million)
8.1. Global Industrial Hose Market Value Share and Forecast, By Media, 2023-20338.2. Chemical8.3. Food and Beverage8.4. Oil8.5. Water8.6. Others
9. Global Industrial Hose Market, By Industry Verticals (USD Million)
9.1. Global Industrial Hose Market Value Share and Forecast, By Industry Verticals, 2023-20339.2. Automotive9.3. Pharmaceuticals9.4. Oil Gas9.5. Water Wastewater9.6. Others
10. Global Industrial Hose Market Forecast, 2019-2033 (USD Million)
10.1. Global Industrial Hose Market Size and Market Share
11. Global Industrial Hose Market, By Material, 2019-2033 (USD Million)
11.1. Global Industrial Hose Market Size and Market Share By Material (2019-2026)11.2. Global Industrial Hose Market Size and Market Share By Material (2027-2033)
12. Global Industrial Hose Market, By Media, 2019-2033 (USD Million)
12.1. Global Industrial Hose Market Size and Market Share By Media (2019-2026)12.2. Global Industrial Hose Market Size and Market Share By Media (2027-2033)
13. Global Industrial Hose Market, By Industry Verticals, 2019-2033 (USD Million)
13.1. Global Industrial Hose Market Size and Market Share By Industry Verticals (2019-2026)13.2. Global Industrial Hose Market Size and Market Share By Industry Verticals (2027-2033)
14. Global Industrial Hose Market, By Region, 2019-2033 (USD Million)
14.1. Global Industrial Hose Market Size and Market Share By Region (2019-2026)14.2. Global Industrial Hose Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific14.4. Europe14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe14.5. Middle East and Africa14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa14.6. North America14.6.1. Canada14.6.2. Mexico14.6.3. United States14.7. Latin America14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. Colex International15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Eaton15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Gates15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Kurt Manufacturing15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. NORRES15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Piranha Hose Products15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Parker Hannifin15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. RYCO Hydraulics15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Transfer Oil S.p.A.15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Industrial Hose Market is projected to reach USD 26.78 Billion by 2033, growing at a CAGR of 6.61% during the forecast period.
Industrial Hose Market grew in market size from 2023. The Market is expected to reach USD 26.78 Billion by 2033, at a CAGR of 6.61% during the forecast period.
Industrial Hose Market CAGR of 6.61% during the forecast period.
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Industrial Hose Market size is USD 26.78 Billion from 2023 to 2033.
Industrial Hose Market Segment is Covered By Material, By Media, By Industry Verticals
The North America region is anticipated to have the highest market share in Industrial Hose Market.
The key players in the market include Companies Covered Colex International, Eaton, Gates, Kurt Manufacturing, NORRES, Parker Hannifin, Piranha Hose Products, RYCO Hydraulics, Transfer Oil S.p.A.
The design of hoses is determined by both performance and application. Size, weight, length, chemical compatibility, and pressure rating are frequently taken into account when designing hoses.
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