Industrial hoses have been used to transfer various fluids, air, water, food products, beverages, cement, dry materials, chemicals, fuel, etc. Currently, both metallic and polymer hoses are utilized in varied industrial applications. Metallic hoses are heavier as compared to polymer hoses owing to which industrial operators are shifting from metal hoses to polymer hoses. Operators need safe, quality hoses for industrial use. Low-quality hoses affect the entire operations of the organization. Therefore, the North America hoses market is estimated to increase rapidly in the near future.
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Data Bridge Market Research analyses that North America Hoses Market is expected to reach a value of USD 14.47 billion by 2031, from 8.66 billion in 2023, growing at a CAGR of 6.8%, during the forecast period of 2024 to 2031. Rubber hose is widely used in conveying systems for pipelines and bends in systems where a degree of natural flexibility is required.
Key Findings of the Study
Increasing Need of Durable Hoses in Critical Applications
The application of industrial hoses includes moving fluids, chemicals, air, water, oil, and other materials from one place to another. There is a significant demand for robust industrial hoses in the market in crucial applications like high temperature, high pressure, chemical reaction, and vacuum. Before choosing the hoses, the customers must consider a number of important criteria, including catastrophic failure, permeability, chemical compatibility, temperature, external environment, vacuum, and others. The major players in the North America industrial hoses market are releasing cutting-edge products for mission-critical uses, which is fueling the demand for durable hoses in the industry.
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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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Media (Hydraulic, Air and Gas Hoses, Material Handling Hoses, Food Hoses, Steam Hoses, and Others), Material (Rubber Hoses, Plastic/Polymer Hoses, Metal Hoses, Composite Hoses, Silicon Hoses, and Others), End User (Automotive, Industrial, Commercial, and Residential), Sales Channel (Indirect and Direct)
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Countries Covered
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U.S., Canada, and Mexico
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Market Players Covered
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Gates Corporation (U.S.), ContiTech Deutschland GmbH (Germany), PARKER HANNIFIN CORP (U.S.), Robert Bosch Tool Corporation (Germany), Danfoss (Denmark), HBD Thermoid (U.S.), Manuli Hydraulics (U.K.), ALFA GOMMA Spa (South Africa), KURIYAMA OF AMERICA, INC. (U.S.), and Trelleborg AB (France) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis
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Segment Analysis:
The North America hoses market is segmented into four notable segments which are based the media, material, end user, and sales channel.
- On the basis of media, the North America hoses market is segmented into hydraulic, steam hoses, air and gas hoses, material handling hoses, food hoses, and others
In 2024, hydraulic segment is expected to dominate the North America hoses market
In 2024, hydraulic segment is expected to dominate the market with a 69.30% share due to high demand from industrial and construction sectors that require hoses that can withstand high pressures and temperatures.
- On the basis of material, the North America hoses market is segmented into plastic/polymers hoses, rubber hoses, metal hoses, composite hoses, silicon hoses, and others
In 2024, rubber hoses segment is expected to dominate the North America hoses market
In 2024, rubber hoses segment is expected to dominate the North America hoses market with a 36.17% share due to its versatile nature and wide applicability.
- On the basis of sales channel, the North America hoses market is segmented into direct and indirect. In 2024, indirect segment is expected to dominate the North America hoses market with a 63.03% share.
- On the basis of end user, the North America hoses market is segmented into industrial, automotive, commercial, and residential. In 2024, automotive segment is expected to dominate the North America hoses market with a 65.47% share.
Major Players
Data Bridge Market Research analyzes Gates Corporation (U.S.), ContiTech Deutschland GmbH (Germany), PARKER HANNIFIN CORP (U.S.), Robert Bosch Tool Corporation (Germany), and Danfoss (Denmark) as the major players operating in the market.
Market Development
- In March 2023, Robert Bosch Tool Corporation launched the first volume pump in the 18v power for all systems. The '18V Power for Everyone System' also includes all representative products in each category; at now, roughly 60 home appliances, gardening tools, and DIY tools are included, and it even goes outside the Bosch line. Such innovation caters to customer attention globally
- In March 2023, PARKER HANNIFIN CORP launched the Critical Protection (CP) Hose Cover. A better hose cover called CP Cover was created for the roughest situations. CP cover design removes the need for additional labor and material costs. Such new development helps the company to gain user attention worldwide
- In January 2023, Manuli Hydraulics introduced its new Safemaster/2TE hose. Customers in the train industry as well as those in other industries where fire safety is a top priority have praised the railway hose line, and the introduction of the new SafeMaster/2TE hose has further increased this product line's adaptability. Such innovation has helped the company to gain global attention and customers, and hence it enhanced the company's financials as well as the growth of the North America hoses market
- In October 2022, Gates Corporation announced that the company had been named as 2022 Gold Award Winner in the annual Leadership in Engineering Achievement Program (LEAP). This award has been given to the company for its highly engineered power transmission and fluid power solutions offerings. This has allowed the company to promote its product offerings and incline new clients toward itself in the North America hoses market
- In June 2022, ContiTech AG restructured the Oedelsheim/Hann Münden production network as well as its German hose facilities. German production facilities serve as the business area's innovation engines while also closely matching the Mobile Fluid Systems (MFS) business area's requirements with those of the automobile and commercial vehicle markets, which have been undergoing constant change for a number of years. Such steps help the company to improve its facilities and product as well
Regional Analysis
Geographically, the countries covered in the North America hoses market report are U.S., Canada and Mexico.
As per Data Bridge Market Research analysis:
U.S. is the dominant and fastest growing country in the North America hoses market
The U.S. is dominating the hoses market due to its robust industrial infrastructure and technological innovation. The diverse industrial landscape in the U.S. generates substantial demand for hoses across multiple sectors, solidifying its dominance in the market.
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