Industrial hoses are flexible, reinforced tubes designed for various applications across industries to transport fluids, gases, and bulk materials. These hoses play a crucial role in facilitating the transfer of substances such as water, chemicals, petroleum, air, and more within industrial processes. They are characterized by their durability, flexibility, and resistance to abrasion, chemicals, and extreme temperatures. Industrial hoses find applications in sectors such as manufacturing, construction, agriculture, and mining, among others. The materials used in their construction vary based on the intended use, with options such as PVC, rubber, metal, and composite materials.
According to Data Bridge Market Research analyzes that the Global Industrial Hoses Market is expected to reach a value of USD 22,638.21 million by 2030, at a CAGR of 6.2% during the forecast period of 2023-2030.
"High Demand for PVC Hose Material Boosts the Market Growth"
The surging demand for PVC hose materials drives the growth of the market due to its exceptional versatility, corrosion resistance, cost-effectiveness, and ease of installation and maintenance. PVC hoses cater to a wide range of industries, including automotive, pharmaceuticals, infrastructure, oil and gas, food and beverages, mining, and agriculture, due to their ability to efficiently transport air, water, chemicals, and fluids. The regulatory compliance of PVC materials, coupled with their temperature and pressure resistance, enhances their appeal in sectors where safety and reliability are paramount. Ongoing innovation in PVC hose design further contributes to their increasing adoption. The overall growth of industries and infrastructure development also plays a significant role in driving the demand for PVC hose materials as a vital component in fluid and air transportation systems.
What restraints the growth of global industrial hoses market?
“Limitations that Restrain the Market Growth”
The industrial hoses market faces significant constraints that impede its growth and widespread adoption across industries. Limitations such as temperature range restrictions, chemical compatibility issues, and constraints in flexibility and abrasion resistance impact the overall efficiency and performance of industrial hoses in diverse applications. These challenges drive end users to seek alternative solutions, including flexible piping systems and specialized conveyance methods, thereby contributing to a market shift away from traditional hoses.
Segmentation: Global Industrial Hoses Market
The global industrial hoses market is segmented into six notable segments based on type, material type, media, wire type, pressure and industry.
- On the basis of type, the global industrial hoses market is segmented into hydraullic hoses, WRAS hoses, oil resistant hoses, layflat hoses, stripwound and corrugated hoses, thermo-duct and others
- On the basis of material type, the global industrial hoses market is segmented into silicone, polyurethane, polyvinyl chloride, nitrile rubber, elastomers, metal, thermoplastics, composite and others
- On the basis of media, the global industrial hoses market is segmented into silicone, polyurethane, polyvinyl chloride, nitrile rubber, elastomers, metal, thermoplastics, composite and others
- On the basis of wire type, the global industrial hoses market is segmented into wire braided and spiral wire
- On the basis of pressure, the global industrial hoses 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 global industrial hoses market is segmented into oil and gas, water, agriculture, food and beverages, pharmaceuticals, automotive, mining, construction and others
Regional Insights: Asia-Pacific dominates the Global Industrial Hoses Market
The Asia-Pacific dominates the global industrial hoses market due to high demand driven by robust industrialization and economic growth. The region's preference for polyvinyl chloride (PVC) hose materials, known for versatility and durability, further fuels its dominance. This strong demand aligns with ongoing infrastructure development and industrial projects, establishing Asia-Pacific as a key driver of global market growth.
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Recent Developments in Global Industrial Hoses Market
- In July 2021, NORRES Schlauchtechnik GmbH, a leading provider of flexible hose system solutions, successfully acquired Baggerman Group, a prominent manufacturer and distributor of industrial hoses, couplings, and accessories. This strategic move is poised to significantly enhance NORRES's global presence, fostering market expansion and diversification
- In September 2020, KURIYAMA OF AMERICA demonstrated its commitment to market leadership by introducing a cutting-edge product, the Tigerflex® Tiger Aqua™ Suction and Discharge Hose. This innovative addition not only enriches the company's product portfolio but also serves as a catalyst for overall sales growth, reinforcing KURIYAMA's position as a key player in the industry
The Prominent Key Players Operating in the Global 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, UK (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 global industrial hoses market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global 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.
