Industrial hoses are versatile tools with applications across various sectors. They transport fluids, gases, and solids in industries such as agriculture, construction, manufacturing, and more. Key features include durability, flexibility, and resistance to abrasion, chemicals, and extreme temperatures. These hoses are available in diverse types, such as rubber, PVC, and composite, each tailored to specific needs. Industrial hoses are crucial for transferring water, oil, chemicals, and bulk materials, playing a vital role in ensuring efficient operations, environmental safety, and product quality in a wide range of industrial processes.
According to Data Bridge Market Research, North America Industrial Hoses Market is expected to reach a value of USD 6,514.44 million by 2030, at a CAGR of 6.4% during the forecast period of 2023-2030.
“High demand for PVC hose materials boost the market’s growth”
The high demand for PVC hose materials is a significant driver in the industrial hoses market. PVC hoses are preferred for their versatility, cost-effectiveness, and resistance to corrosion and chemicals. Industries such as agriculture, construction, and manufacturing rely on PVC hoses for various applications, including fluid and gas transfer. Additionally, PVC hoses are lightweight and easy to handle, making them a practical choice. Their popularity reflects the industry's need for durable, efficient, and affordable hose solutions, contributing to the growth of the industrial hoses market.
What restraints the growth of the North America industrial hoses market?
“Temperature range restraints the market’s growth”
The temperature range is a crucial restraint in the industrial hoses market. Industrial processes often involve extreme temperatures, and hoses must perform reliably in both hot and cold environments. Hoses that cannot withstand these temperature variations risk degradation, leakage, or failure, leading to operational disruptions and safety hazards. To address this challenge, manufacturers are constantly developing hoses with wider temperature tolerances, using advanced materials and insulation techniques. Meeting these stringent temperature requirements remains a key focus to ensure the continued growth and relevance of the industrial hoses market.
Segmentation: North America Industrial Hoses Market
The North America industrial hoses market is segmented into six notable segments based on type, material type, media, wire type, pressure, and industry.
- On the basis of North America industrial hoses market is segmented into six notable segments based on type, material type, media, wire type, pressure, and industry.
- On the basis of material type, the market is segmented into silicone, polyurethane, polyvinyl chloride, nitrile rubber, elastomers, metal, thermoplastics, composite, and others.
- On the basis of media, the market is segmented into oil, water, and gas.
- On the basis of wire type, the market is segmented into spiral wire and wire braided.
- On the basis of pressure, the market is segmented into low pressure (less than 3000 psi), medium pressure (between 3000 to 6000) and high pressure (more than 6000).
- On the basis of industry, the market is segmented into oil and gas, water, agriculture, food and beverages, pharmaceutical, automotive, mining and others.
Regional Insights: The U.S. dominates the North America Industrial Hoses Market
The United States holds a dominant position in the North American industrial hoses market, driven by robust demand. Furthermore, the market is poised for growth, primarily fueled by the increasing popularity of PVC hose materials. These materials are in high demand due to their versatility and resistance to corrosion and chemicals. This surge in demand for PVC hoses is expected to be a significant driving force behind the expansion of the industrial hoses market in the region.
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Recent Developments
- In July 2021, NORRES Schlauchtechnik GmbH, a firm specializing in flexible hose system solutions, completed its acquisition of Baggerman Group, a company known for manufacturing and distributing industrial hoses, couplings, and related accessories. This strategic move aimed to enhance NORRES' footprint in North America and facilitate its expansion in the market.
- In September 2020, KURIYAMA OF AMERICA introduced a novel product known as the Tigerflex Tiger Aqu Suction and Discharge Hose. This product expansion not only enriched the company's product lineup but also contributed to a potential increase in overall sales.
The Prominent Key Players Operating in the North America Industrial Hoses Market Include:
- Eaton (Ireland)
- PARKER HANNIFIN CORP (U.S.)
- RYCO Hydraulics (Australia)
- Kurt Manufacturing (U.S.)
- NORRES Schlauchtechnik GmbH (Germany)
- Transfer Oil S.p.A (Italy)
- ContiTech AG (A Subsidiary of Continental AG) (Germany)
- Kanaflex Corporation Co.,ltd. (Japan)
- Pacific Echo (U.S.)
- Colex International Limited (U.K.)
- Gates Corporation (U.S.)
- Semperit AG Holding (Austria)
- Dixon Valve & Coupling Company, LLC (U.S.)
- Titan Fittings (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of North America industrial hoses market companies contact, https://www.databridgemarketresearch.com/de/contact
Research Methodology: North America Industrial Hoses Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
