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  • Industrial Hose Market Global Analysis | 2023-2030

    Industrial Hose Market Global Analysis | 2023-2030

    Industrial Hose Market Global Analysis | 2023-2030
    Report code - SR2798 Published On : Feb,2024 No. of Pages: 150
    Industrial Hose Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Oppo See more...

    "The industrial hoses market is estimated to grow at a healthy CAGR of 3.8% during the forecast period to reach a value of US$ 5.2 Billion in 2030".

    Market Dynamics

    Introduction

    A hose is a flexible tube used to convey media for a specific purpose. Hoses are designed to convey fluids, gases, or granular materials from one location to another. They come in various sizes, lengths, and configurations, depending on the intended application. Hoses are commonly used in a wide range of industries, including automotive, construction, agriculture, and chemicals. An industrial hose is a specific type of hose that is designed and manufactured to withstand the demands of industrial applications. These hoses are engineered to handle various fluids and materials. These hoses come in diverse sizes, materials, and configurations to accommodate specific needs, including conveying water, chemicals, oil, air, and abrasive materials. Industrial hoses are crucial components in industries such as manufacturing, construction, agriculture, and more, facilitating the efficient movement of substances and ensuring the proper functioning of machinery and equipment. They play a vital role in modern industrial processes, enabling safe and reliable fluid and material transfer.

    Market Drivers 

    During the forecast period, the demand for industrial hoses is expected to increase due to several major factors, such as the growing need for sturdy hoses for important applications across various industries, such as automotive, construction, and chemicals. Additionally, the demand for industrial hoses is expected to rise due to increasing oil & gas exploration, infrastructural development, the expanding automotive industry, and increasing capital expenditure in the mining industry. In addition, growth in the agriculture industry coupled with modern agricultural practices and rapid urbanization and industrialization are further expected to fuel the growth of the industrial hose market. Also, advancements in materials and manufacturing technologies have resulted in more durable and efficient hoses, meeting the evolving requirements of industries, and the need for better performance, flexibility, and longevity in hoses has driven research and development efforts, further spurring market growth.

    Recent Development 

    Recent Market JVs and Acquisitions:

    • In July 2021, NORRES GmbH, a company that develops, manufactures, and distributes flexible hose system solutions, acquired Baggerman Group, a producer and distributor of industrial hoses, couplings, and accessories. This acquisition will enable NORRES GmbH to expand its global reach and increase its market share.
    • In February 2020, NORRES GmbH acquired Swedish industrial hose distributor Jarl Elmgren AB. This acquisition was in line with NORRES' internationalization strategy and to strengthen the company's market position in Scandinavia.

    Market Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    End-Use Industry-Type Analysis

    Agriculture, Automotive, Chemical, Construction, Food & Beverage, Marine, Mining, Oil & Gas, and Others

    Construction is anticipated to remain the biggest demand generator for industrial hose in the years to come.

    Hose-Type Analysis

    Air & Multipurpose Hose, Chemical Hose, Food & Beverage Hose, Material Handling Hose, Oil & Gas Hose, Water & Steam Hose, Mining Hose, and Speciality Hose

    Air & Multipurpose hoses are expected to be the dominant category in the market during the forecast period.

    Material-Type Analysis

    Rubber, Thermoplastics, and Others

    Rubber is likely to remain the dominant material and thermoplastic is expected to be the fastest-growing material during the forecasted period.

    Reinforcement-Type Analysis

    Textile Braided, Helix Wire, Wire Braided, Spiral Braided, and Others (Polyester Cord and yarn)

    Textile braided hoses are expected to maintain their dominance during the forecasted period.

    Pressure-Type Analysis

    Low-Pressure Hose, Medium-Pressure Hose, High-Pressure Hose

    The low-pressure hose remains the largest segment during the forecasted period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    Asia-Pacific is expected to remain the largest market over the next five years and is likely to grow at the fastest rate.

     

    By End-use Industry Type

    "Construction industry dominates the industrial hose market during the forecast period"

    Based on the end-use industry type, the industrial hose market is segmented into agriculture, automotive, chemical, construction, food & beverage, marine, mining, oil & gas, and others. The construction industry dominates the industrial hose market, driven by factors such as growing urbanization, rapid investment in infrastructure developments, and economic growth. As urbanization and infrastructure development continue globally, the demand for construction hoses has risen significantly. Additionally, advancements in hose technology have resulted in more durable and efficient hoses, reducing downtime and increasing productivity on construction sites. Stringent safety regulations in construction also drive the need for high-quality hoses that can handle challenging conditions. Overall, the growth in construction activities and the necessity for reliable fluid and material transfer contribute to the expansion of the industrial hose market in this sector.

    By Hose Type

    "Air & multipurpose hose is expected to be the dominant hose type in the market"

    Based on the hose type, the market is segmented into air & multipurpose hose, chemical hose, food & beverage hose, material handling hose, oil & gas hose, water & steam hose, mining hose, and specialty hose. Air & multipurpose hose is expected to be the dominant hose type in the market. They are versatile and can be used in a wide range of applications. They are also relatively inexpensive, which makes them a cost-effective solution for a wide range of applications. These hoses are designed to handle compressed air, water, oil, and chemicals, making them suitable for miscellaneous industrial applications. As industries increasingly seek cost-effective solutions and flexible equipment, air and multipurpose hoses offer an efficient means of transferring different media, reducing the need for multiple specialized hoses.

    By Material Type

    "Rubber is expected to be the most preferred material in the market due to its exceptional combination of properties"

    Based on the material type, the market is segmented into rubber, thermoplastics, and others. Rubber is expected to be the most preferred material in the industrial hose market due to its exceptional combination of properties. Rubber hoses offer flexibility, which is crucial for accommodating movement and bending in various industrial applications. They exhibit excellent resistance to abrasion, weathering, and chemicals, ensuring longevity and reliability in diverse environments. Rubber hoses can handle a wide range of temperatures and pressures, making them versatile for different industries. Moreover, rubber hoses are resistant to environmental factors such as UV radiation, ozone, and weathering. This resistance helps maintain the hose's performance and appearance over time.

    By Reinforcement Type

    "Textile-braided reinforcement is anticipated to be the largest segment of the industrial hose market during the forecast period"

    Based on the reinforcement type, the market is segmented into textile braided, helix wire braided, spiral braided, and others (polyester cord & yarn). Textile-braided reinforcement is anticipated to be the largest segment of the industrial hose market due to its flexibility, cost-effectiveness, and consistency. These hoses feature layers of high-strength textile fibers, typically polyester or nylon, that provide excellent strength while remaining flexible. Textile braiding ensures durability in various industrial applications, such as conveying fluids, chemicals, and abrasive materials. Moreover, textile braided hoses are comparatively more affordable than alternatives like wire braiding or spiral reinforcement, making them the preferred choice for a wide range of industrial uses, thus, securing their dominance in the market. Typically, textile braiding is utilized in low-pressure industrial hoses, the largest industrial hose by pressure type.

    By Pressure Type

    "Low-pressure hose is expected to maintain its dominance during the forecast period"

    Based on the pressure type, the market is segmented into low-pressure hose, medium-pressure hose, and high-pressure hose. Low-pressure hose is expected to maintain its dominance during the forecast period due to its widespread applicability. Many industrial processes and applications require the controlled and efficient flow of liquids or gases at lower pressure levels. Low-pressure hoses, typically designed for pressures below 300 psi, are cost-effective, lightweight, and easy to handle. They find extensive use in industries such as agriculture, construction, manufacturing, and automotive, where tasks like transferring fluids, conveying air, or pneumatic tool operation demand lower-pressure ratings.

    Regional Analysis

    "Asia-Pacific is expected to remain the largest market for industrial hoses over the forecast period"

    In terms of regions, the Asia-Pacific is expected to remain the largest market for industrial hoses over the forecast period. In addition to that, the region is also likely to witness the highest growth in the coming years. Major factors, such as flourishing industrial sectors, robust infrastructure development, increasing construction activities owing to rapid urbanization and economic growth, and substantial manufacturing activities, are expected to drive the regional market during the forecast period. The region's rapid economic growth, large population, and diverse industries, including manufacturing, agriculture, and construction, will drive substantial demand for industrial hoses. As Asia-Pacific continues to experience industrial expansion and urbanization, the demand for industrial hoses in applications ranging from manufacturing to agriculture and construction remains consistently high, solidifying its position as the leading market for industrial hoses.

    Key Players

    The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc.

    The following are the key players in the Service Robotics Market (arranged alphabetically)

    • Alfagomma S.p.A.
    • ContiTech AG
    • Eaton Corporation
    • Gates Corporation
    • Kuriyama Holdings Corporation
    • Manuli Rubber Industries
    • NORRES GmbH
    • Parker Hannifin Corp.
    • Rehau Group AG
    • Semperit AG Holdings
    • Spirax-Sarco Engineering PLC
    • ZEC S.p.A.

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    in-depth Analysis of the Industrial Hose Market 

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s industrial hose market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions

    The industrial hose market is estimated to grow at a CAGR of 3.8% by 2030, driven by rapid industrialization, increasing infrastructure development, and expanding manufacturing sectors worldwide. Rising demand for efficient fluid transfer, material handling, and various industrial processes drive the need for hoses across various industries.

    Gates Corporation, Parker Hannifin Corp., ContiTech AG, Eaton Corporation, NORRES GmbH, Kuriyama Holdings Corporation, Rehau Group AG, Semperit AG Holdings, Spirax-Sarco Engineering PLC, Manuli Rubber Industries, ZEC S.p.A., and Alfagomma S.p.A. are the leading players in the industrial hose market.

    Asia Pacific is estimated to remain dominant in the industrial hose market in the foreseeable future. The key economies driving the regions demand for industrial hose are China, India, and Japan.

    Asia-Pacific is estimated to remain the fastest-growing market for industrial hoses in the foreseeable future. Rapid urbanization, significant economic growth, and huge investment in automation and industrialization are the factors fueling the demand for industrial hoses in Asia-Pacific.

    The construction industry is expected to continue dominating the market over the next five years due to increased investments in infrastructure, rapid urbanization, a growing population, and significant economic growth in emerging economies.