Market Highlights
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.
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. 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 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.
|
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.
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.
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.
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.
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.
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 industrial hose market.
- 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.
- Alfagomma S.p.A.
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 Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for existing and new players
- Key success factors
The Industrial Hose Market is segmented into the following categories.
Industrial Hose Market, by End-Use Industry Type
- Agriculture (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Chemical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Food & Beverage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Hose Market, by Hose Type
- Air & Multipurpose Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Chemical Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Food & Beverage Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Material Handling Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Oil & Gase Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Water & Steam Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Mining Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Speciality Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Hose Market, by Material Type
- Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Thermoplastics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Hose Market, by Reinforcement Type
- Textile Braided (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Helix Wire (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Wire Braided (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Spiral Braided (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Polyester cord & Yarn) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Hose Market, by Pressure Type
- Low-Pressure Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Medium-Pressure Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- High-Pressure Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Industrial Hose Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Spain, Russia, and The Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
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
