Through their extensive offerings, industrial hoses are frequently used in a variety of industry sectors. These hoses work in challenging conditions that can lead to abrasion, rupture, and premature failure. It's critical to make the appropriate hose selection for the application when working in these circumstances. Hydraulic hoses work best for high-pressure transfer and can withstand pressures of millions of PSI. Hoses can be used for a wide variety of purposes, making them a crucial component in many different industry sectors.
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Data Bridge Market Research analyses that the Industrial Hoses Market is expected to value USD 22,638.21 million by 2030, at a CAGR of 6.2% during the forecast period. The continuous industrialization and expansion of manufacturing sectors across the globe create a high demand for industrial hoses. These hoses are essential for fluid transfer, material handling, and various applications in industries such as manufacturing, oil and gas, chemicals, food and beverages, pharmaceuticals, construction, and more.
Key Findings of the Study
Increasing focus on environmental sustainability is expected to drive the market's growth rate
The increasing focus on environmental sustainability in industrial applications has driven the development of eco-friendly hoses. These hoses are manufactured using recyclable materials and incorporate sustainable production practices, reducing their carbon footprints. With the growing demand for greener solutions, these eco-friendly hoses provide an environmentally conscious alternative. They align with the goals of industries seeking to minimize their environmental impact and meet the rising demand for sustainable and eco-friendly products in the market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Hydraulic Hoses, Layflat Hoses, WRAS Hoses, Oil Resistant Hoses, Stripwound Hoses, Corrugated Hoses, Thermo-Duct and Others), Material Type (Silicone, Polyurethane, Polyvinyl Chloride, Nitrile Rubber, Elastomers, Metal, Thermoplastics, Composite and Others), Media (Oil, Water and Gas), Wire Type (Wire Braided and Spiral Wire), Pressure (Low Pressure (Less Than 3000 Psi), Medium Pressure (Between 3000 To 6000) and High Pressure (More Than 6000)), Industry (Oil and Gas, Water, Agriculture, Food and Beverages, Pharmaceuticals, Automotive, Mining, Construction and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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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.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The industrial hoses market is segmented on the basis of type, material type, media, wire type, pressure, and industry.
- On the basis of type, the market is segmented into hydraulic hoses, lay flat hoses, wras hoses, oil-resistant hoses, strip wound and corrugated hoses, thermo-duct, and others. In 2023, the hydraulic hoses segment is expected to dominate the market with a 24.0% market share in the forecast period of 2023 to 2030 due to its wide use in every sector. The growing advancement in the material has raised the demand for hydraulic hoses.
- On the basis of material type, the market is segmented into silicone, polyurethane, polyvinyl chloride, metal, thermoplastics, Nitrile rubber, composite, and others. In 2023, rubber is expected to dominate the market with a CAGR of 5.5% in the forecast period of 2023 to 2030 due to the material having the property to withstand high pressure.
In 2023, rubber is expected to dominate the material type of the industrial hoses market
In 2023, rubber is expected to dominate the market owing to the material has the property to withstand high pressure also these types of hoses are widely used in irrigation dams, road construction, rock drilling mines, and among others with a CAGR of 5.5% in the forecast period of 2023 to 2030
- On the basis of media, the market is segmented into oil, water, and gas. In 2023, the oil segment is expected to dominate the market with a CAGR of 7.0% in the forecast period of 2023 to 2030 due to the various industrial purposes, including fuel for transportation, lubrication, and the production of plastics and chemicals. Oil has a higher viscosity compared to water and gas, meaning it flows more slowly.
- On the basis of wire type, the market is segmented into wire braided and spiral wire. In 2023, the wire braided segment is expected to dominate the market with a 60.1% market share in the forecast period of 2023 to 2030 due to its especially used for transporting petrochemical and hydraulic fluids.
- On the basis of pressure, the market is segmented into low pressure (less than 3000 psi), medium pressure (between 3000 and 6000), and high pressure (more than 6000). In 2023, the low pressure (less than 3000 Psi) segment is expected to dominate the market with a 40.0% market share in the forecast period of 2023 to 2030 due to it being widely in those applications where low pressure is required.
In 2023, low pressure (less than 3000 Psi) segment is expected to dominate the pressure segment of the market
In 2023, the low pressure (less than 3000 Psi) segment is expected to dominate the market owing to gas or fluid being relatively weak compared to higher pressure levels With a CAGR of 6.7% in the forecast period of 2023 to 2030.
- On the basis of industry, the market is segmented into oil and gas, water, agriculture, food and beverages, pharmaceuticals, automotive, mining, and others. In 2023, the Mining segment is expected to dominate the market with a CAGR of 7.4% in the forecast period of 2023 to 2030 due to the growing raw materials for various sectors but also presents environmental and social challenges.
Major Players
Data Bridge Market Research recognizes the following companies as the major industrial hoses market players in industrial hoses market are 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.)
Market Development
- In August 2022, Eaton launched a new platform for construction digitalization. This step is estimated to create an opportunity for the company to increase its market reachability and project productivity for its consumers.
- In 2022, PARKER HANNIFIN CORP announced that the company had acquired Meggitt PLC for approximately USD 6.3 billion.
- In 2021, Baggerman Group ("Baggerman"), a manufacturer and distributor of industrial hoses, couplings, and accessories, was purchased by NORRES Schlauchtechnik GmbH, a manufacturer, developer, and distributor of flexible hose system solutions.
- In 2021, NORRES Schlauchtechnik GmbH, a manufacturer, developer, and distributor of flexible hose system solutions, acquired Baggerman Group ("Baggerman"), a manufacturer and distributor of industrial hoses, couplings, and accessories.
- In 2020, Tigerflex Tiger Aqua Suction and Discharge Hose is a new product created by KURIYAMA OF AMERICA. This new product would not only broaden the company's product line but also contribute to increased overall sales.
- In 2020, KURIYAMA OF AMERICA company developed a new product called Tigerflex Tiger Aquaâ" ¢ Suction and Discharge Hose. This new addition of a product will not only improve the product portfolio of a company but also will help to boost the overall sales
Regional Analysis
Geographically, the countries covered in the industrial hoses market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the industrial hoses market during the forecast period 2023-2030
The Asia-Pacific region holds a dominant position in the global industrial hoses market due to the region's robust industrial sector and increasing infrastructure development. The high demand for industrial hoses in industries such as manufacturing, construction, oil and gas, and mining contributes to the market's growth. Furthermore, the region's preference for PVC hose materials, which offer flexibility, durability, and cost-effectiveness, acts as a driving factor for the market's expansion in Asia-Pacific.
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