The industrial hoses market is characterized by its versatility and wide-ranging applications. These hoses play a pivotal role in numerous industries, including manufacturing, construction, agriculture, and automotive. They are used to transport fluids, gases, and solids, making them essential components for processes such as material handling, hydraulic systems, and even firefighting. The diversity of industrial hoses, which come in various types and materials, allows them to adapt various many tasks, making them indispensable tools across numerous sectors.
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Data Bridge Market Research analyses that the Asia-Pacific Industrial Hoses Market was valued at USD 4,680.77 million in 2022 and is expected to reach a value of USD 8,042.44 million by 2030, at a CAGR of 7.0% during the forecast period of 2023-2030. Rising industrial and construction endeavors drive the demand for hoses across various applications. These flexible conduits are indispensable for fluid and material transfer, reinforcing their pivotal role in supporting diverse industrial processes and infrastructure development.
Key Findings of the Study
Safety regulations is expected to drive the market's growth rate
Stringent safety standards and environmental regulations are compelling industries to adopt high-quality hoses. The goal is to minimize the risk of accidents and adhere to eco-friendly practices. These regulations emphasize using hoses that can withstand extreme conditions, resist chemical corrosion, and prevent leaks or breaches. By ensuring compliance, industries enhance workplace safety and contribute to reduced environmental impact, supporting sustainability and responsible business practices.
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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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
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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.)
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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 Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific industrial hoses market is segmented into silicone, polyurethane, polyvinyl chloride, nitrile rubber, elastomers, metal, thermoplastics, composite, and others.
- On the basis of media, the Asia-Pacific industrial hoses market is segmented into oil, water, and gas.
- On the basis of wire type, the Asia-Pacific industrial hoses market is segmented into spiral wire and wire braided.
- On the basis of pressure, the Asia-Pacific 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 Asia-Pacific industrial hoses market is segmented into oil and gas, water, agriculture, food and beverages, pharmaceutical, automotive, mining, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the Asia-Pacific industrial hoses market market players in Asia-Pacific 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).
Market Developments
- In July 2021, NORRES Schlauchtechnik GmbH, a specialist in flexible hose system solutions, acquired Baggerman Group, known for industrial hoses and accessories. This strategic move enhances NORRES' foothold in the Asia-Pacific region and broadens its market reach. By combining their expertise, the companies can offer an extended range of products and strengthen their presence, meeting the growing demand for industrial hoses and couplings in the region.
- In September 2020, KURIYAMA OF AMERICA introduced a new product, the Tigerflex Tiger Aqua Suction and Discharge Hose. This innovative addition enhances the company's product range, expanding its customer offerings. The hose's versatility and capabilities contribute to an improved product portfolio, expected to drive increased sales. The introduction of this new product aligns with KURIYAMA OF AMERICA's strategy to meet evolving market demands and enhance its competitiveness.
- In May 2020, Ryco Hydraulics, headquartered in Australia, launched the RYCO CROCSTOP. This innovative product enables convenient and efficient inspection of hose assemblies without the need for complete disconnection. It enhances safety and reduces downtime during inspections, making it a valuable addition to their product line. The RYCO CROCSTOP reflects Ryco Hydraulics' commitment to offering practical solutions and improving the functionality of hose assemblies for their customers.
- In April 2020, Continental AG, based in Germany, manufactured specialized medical hoses at its Italian facility in Daverio, Italy, to cater to the needs of the medical sector in Bergamo and the Lombardy region. These PVC hoses are designed to safely transport essential gases, including air, oxygen, nitrous oxide, helium, and carbon dioxide. The development underscores Continental AG's commitment to delivering critical solutions, especially during challenging times such as the COVID-19 pandemic.
Regional Analysis
Geographically, the countries covered in the Asia-Pacific industrial hoses market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
As per Data Bridge Market Research analysis:
China is the dominant region Asia-Pacific industrial hoses market during the forecast period 2023-2030
China is dominant in the Asia-Pacific industrial hoses market, primarily driven by its substantial demand for these products. The region's industrial growth, including manufacturing and construction, fuels the need for hoses. Furthermore, the market is benefiting from the rising demand for hoses made of PVC materials, reflecting their versatility and applicability in various industries. This factor is expected to stimulate market expansion in the Asia-Pacific region further.
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