Global Industrial Hoses Market, By 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) - Industry Trends and Forecast to 2030.
Industrial Hoses Market Analysis and Size
Industrial hoses are widely used in various industry verticals for their wide offerings. These hoses operate in adverse surroundings causing damages such as abrasion, rupture and premature failure. Working in these conditions makes it important to select the type of hose needed for the application correctly. For high-pressure transfer, hydraulic hoses are most suitable and operate on millions of Psi pressure. The usage of hose caters to a wide range of applications, thus becoming an essential element to various industry verticals.
For this, various market players are introducing new products and forming a partnership to expand their business in the global industrial hoses market.
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. This market report also comprehensively covers pricing analysis, patent analysis and technological advancements.
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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 Year
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2021 (Customizable to 2020-2015)
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Quantitative Units
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Revenue in USD Million, Volumes in Million Meter, Pricing in USD
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Segments Covered
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By 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, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, rest of Middle East and Africa, Brazil, Argentina and rest of South America
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Market Players Covered
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Eaton, PARKER HANNIFIN CORP, RYCO Hydraulics, Kurt Manufacturing, NORRES Schlauchtechnik GmbH, Transfer Oil S.p.A, ContiTech AG (A Subsidiary of Continental AG), Kanaflex Corporation Co.,ltd., Pacific Echo, Colex International Limited, UK, Gates Corporation, Semperit AG Holding, Dixon Valve & Coupling Company, LLC and Titan Fittings
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Market Definition
Industrial hoses are flexible reinforced tubes used for transferring the different states of materials, such as liquids and gases. The industrial hose operates in a wide range of pressure, thus being suitable for a different set of applications. Industrial hoses are available in different materials such as polyurethane, thermoplastics and polyvinyl chloride among others. Each material offers a different set of operations and is used to transport various materials. Industrial hoses are available in rigid and flexible forms according to the need of industrial applications.
Global Industrial Hoses Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail below:
Drivers
- High Demand for PVC Hose Materials
In recent days, industrial hoses of PVC material are becoming prominent in automotive, pharmaceuticals, infrastructure, oil and gas, food and beverages, mining, water, agriculture and other industries for manufacturing and using tubes and pipes for the transportation of air, water, chemicals, fluids from one end to another.
The demand is getting increased day by day owing to their wide range of applications, such as air, abrasive products, mineral oils, water, technical and domestic gases, steam, fuels and others. Technological development is helping industrial hoses product supplement the market growth.
- Increasing Need for Durable Industrial 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 market are releasing cutting-edge products for mission-critical uses, which is fueling the demand for durable hoses in the industry.
Opportunity
- Growing Adoption of Hoses in Automobiles Sectors
Automobiles consist of complex internal structures and systems with various components intact. The integration of these systems and components allows the automobile to operate as an efficient machine. In automobiles, hoses play an important role as it is used as an engine cooling system, in a brake oil carrier, as a fuel carrier, in air conditioning and in other parts of the vehicle. In the design of an engine cooling system, hoses of various types are used for coolant circulation. These hoses are of different material properties as some are designed to withstand the heat of coolant, whereas others can take just cold coolant. This increases the importance of hoses in automobiles and the market growth is directly affected by the growth of the automobile industry. As the automobile sector in the EV industry is showing enormous growth over the years owing to rising demand for vehicles and electric vehicles, this is expected to provide lucrative opportunities for market growth.
Restraint/Challenge
- Limitations of Industrial Hoses in Various Applications
An industrial hose is extensively used across various industries for optimum operating efficiency and transfer of fuel, chemicals, bulk materials and air among others. Although the industrial applications of industrial hoses continue to expand, the end users are increasingly focusing on the efficiency levels of industrial hoses. However, industrial hoses pose various challenges in various system environments such as temperature range and this results in hampering the overall performance and efficiency of the system. The characteristic limitation of industrial hoses is expected to hamper the market growth. Many end users and businesses tend towards alternatives to hoses due to their limitations.
Post-COVID-19 Impact on Global Industrial Hoses Market
The industrial hoses industry noted a gradual decrease in demand due to lockdown and COVID-19 governmental laws, as manufacturing facilities and services were closed. Moreover, the industry was also affected by the halt of the supply chain especially of raw materials used in the manufacturing process of industrial hoses. As industrial hose production slowed down owing to the restrictions by governments across the globe, the production was not meeting the demand in the first three quarters of 2020. Moreover, high demand/requirement for industrial hose products in the chemical, pharmaceutical and agriculture sector and hydraulics applications has been witnessed. The resuming production of the oil and gas industry and automotive further fueled the rising demand for industrial hoses across the globe. Thus, this not only led to a hike in the demand but also increased the cost of the product.
Recent Developments
- In July 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. This acquisition would help the company to increase its global presence and also help expand the market.
- In September 2020, KURIYAMA OF AMERICA company developed a new product called Tigerflex Tiger Aquaâ" Suction and Discharge Hose. This new addition of a product would not only improve the product portfolio of the company but also help in boosting overall sales.
Global Industrial Hoses Market Scope
The global industrial hoses market is segmented into six notable segments based on type, material type, media, wire type, pressure and industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
BY TYPE
- Hydraulic Hoses
- WRAS Hoses
- Oil Resistant Hoses
- Layflat Hoses
- Stripwound and Corrugated Hoses
- Thermo-Duct
- Others
Based on type, the market is segmented into hydraullic hoses, WRAS hoses, oil resistant hoses, layflat hoses, stripwound and corrugated hoses, thermo-duct and others.
BY MATERIAL TYPE
- Silicone
- Polyvinyl Chloride
- Polyurethane
- Nitrile Rubber
- Elastomers
- Thermoplastics
- Metal
- Composite
- Others
Based on material type, the market is segmented into silicone, polyurethane, polyvinyl chloride, nitrile rubber, elastomers, metal, thermoplastics, composite and others.
BY MEDIA
- Oil
- Water
- Gas
Based on media, the market is segmented into oil, water and gas.
BY WIRE TYPE
- Spiral Wire
- Wire Braided
Based on wire type, the market is segmented into spiral wire and wire braided.
BY PRESSURE
- Low Pressure (Less Than 3000 Psi)
- Medium Pressure (Between 3000 To 6000)
- High Pressure (More Than 6000)
Based on pressure, the market is segmented into low pressure (less than 3000 psi), medium pressure (between 3000 to 6000) and high pressure (more than 6000).
BY INDUSTRY
- Automotive
- Pharmaceuticals
- Oil And Gas
- Food And Beverages
- Water
- Mining
- Agriculture
- Others
Based on industry, the market is segmented into oil and gas, water, agriculture, food and beverages, pharmaceutical, automotive, mining and others.
Global Industrial Hoses Market Regional Analysis/Insights
Global industrial hoses market is analyzed and market size insights and trends are provided by country, type, material type, media, wire type, pressure and industry as referenced above.
The countries covered in this market report are the U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, rest of Middle East and Africa, Brazil, Argentina and rest of South America. Asia-Pacific dominates the global industrial hoses market due to the high demand for industrial hoses. Additionally, the high demand for PVC hose materials is expected to act as a driving factor for market growth.
The region section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Global Industrial Hoses Market Share Analysis
Global industrial hoses market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the global industrial hoses market are Eaton, PARKER HANNIFIN CORP, RYCO Hydraulics, Kurt Manufacturing, NORRES Schlauchtechnik GmbH, Transfer Oil S.p.A, ContiTech AG (A Subsidiary of Continental AG), Kanaflex Corporation Co.,ltd., Pacific Echo, Colex International Limited, UK, Gates Corporation, Semperit AG Holding, Dixon Valve & Coupling Company, LLC and Titan Fittings among others.
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