Since 1885, industrial hoses have been used to transfer various fluids, air, water, food products, beverages, cement, dry materials, chemicals, and fuel among others. 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. Kuriyama of America, Norres Schlauchtechnik gmbh, and others are a few of the players providing polymer hoses and related products. Therefore, the global hoses market is estimated to increase rapidly in the near future.
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Data Bridge Market Research analyses that the Global Hoses Market is expected to grow at a CAGR of 6.1% in the forecast period of 2023 to 2030 and is expected to reach USD 36,007.00 million by 2030. 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 for 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 such as 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 global 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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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 2016-2020)
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Quantitative Units
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Revenue in Million, Volumes in Units, Pricing in USD
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Segments Covered
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Media (Hydraulic, Steam Hoses, Air and Gas Hoses, Material Handling Hoses, Food Hoses, and Others), Material (Plastic/Polymers Hoses, Rubber Hoses, Metal Hoses, Composite Hoses, Silicon Hoses, and Others), End User (Industrial, Automotive, Commercial, and Residential), Sales Channel (Direct and Indirect)
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K., France, Spain, Italy, Turkey, Russia, Belgium, Netherlands, Switzerland, Denmark, Sweden, Norway, Finland, Poland, and the Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, New Zealand, Philippines, Vietnam, Taiwan, and the Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, Israel, South Africa, Oman, Bahrain, Kuwait, Qatar, and the Rest of the Middle East and Africa, Brazil, Argentina, and the Rest of South America
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Market Players Covered
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Gates Corporation (U.S.), PARKER HANNIFIN CORP (U.S.), ContiTech AG (Subsidiary of Continental AG) (Germany), Colex International Limited, UK (U.K.), Danfoss (Denmark), Kanaflex Corporation (Part of Kaizen Capital) (U.S.), NORRES (Part of Triton) (Germany), Kurt (U.S.), Titeflex (A Subsidiary of Smiths Group Plc) (U.S.), Robert Bosch Tool Corporation (Germany), Salem-Republic Rubber Company (U.S.), ALFA GOMMA Spa (South Africa), FlexonHose.com (U.S.), Pacific Echo (U.S.), Polyhose (India), Dunlop Hiflex AB (Sweden), Terraflex (Israel), Goodall (Canada), HBD Thermoid (U.S.), TRICOFLEX SAS (France), Kingdaflex Hose (China), Trelleborg Group (France), Semperit AG Holding (Austria), Flexhaust Inc. (U.S.), Transfer Oil S.p.A. (Italy), PIRTEK (Australia), Copely Developments Ltd (U.K.), Manuli Hydraulics (U.K.), and KURIYAMA OF AMERICA, INC. (Subsidiary of Kuriyama Holdings Corp.) (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 depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
The global 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 global hoses market is segmented into the hydraulic, steam hoses, air and gas hoses, material handling hoses, food hoses, and others
In 2023, hydraulic hose is expected to dominate the global hoses market owing to their high demand from industrial and construction sectors that require hoses that can withstand high pressures and temperatures. Additionally, hydraulic hoses are versatile and can be used in a variety of applications. They are also durable and long lasting, making them a cost-effective choice for many industries.
- On the basis of media, the global hoses market is segmented into the hydraulic, steam hoses, air and gas hoses, material handling hoses, food hoses, and others. In 2023, the hydraulic segment is expected to dominate the global hoses market with a 68.65% share.
- On the basis of material, the global hoses market is segmented into plastic/polymers hoses, rubber hoses, metal hoses, composite hoses, silicon hoses, and others. In 2023, rubber hoses segment is expected to dominate the global hoses market with a 35.68% share.
On the basis of sales channel, the global hoses market is segmented into direct and indirect
- On the basis of sales channel, the global hoses market is segmented into direct and indirect. In 2023, the indirect segment is expected to dominate the global hoses market with a 61.54% share.
- On the basis of end user, the global hoses market is segmented into industrial, automotive, commercial, and residential. In 2023, the automotive segment is expected to dominate the global hoses market with a 65.22% share.
Major Players
Data Bridge Market Research recognizes the following companies as the major key players in the global hoses market are Gates Corporation (U.S.), PARKER HANNIFIN CORP (U.S.), ContiTech AG (Subsidiary of Continental AG) (Germany), Colex International Limited, UK (U.K.), Danfoss (Denmark), Kanaflex Corporation (Part of Kaizen Capital) (U.S.), NORRES (Part of Triton) (Germany), Kurt (U.S.), Titeflex (A Subsidiary of Smiths Group Plc) (U.S.), Robert Bosch Tool Corporation (Germany), Salem-Republic Rubber Company (U.S.), ALFA GOMMA Spa (South Africa), FlexonHose.com (U.S.), Pacific Echo (U.S.), Polyhose (India), Dunlop Hiflex AB (Sweden), Terraflex (Israel), Goodall (Canada), HBD Thermoid (U.S.), TRICOFLEX SAS (France), Kingdaflex Hose (China), Trelleborg Group (France), Semperit AG Holding (Austria), Flexhaust Inc. (U.S.), Transfer Oil S.p.A. (Italy), PIRTEK (Australia), Copely Developments Ltd (U.K.), Manuli Hydraulics (U.K.), and KURIYAMA OF AMERICA, INC. (Subsidiary of Kuriyama Holdings Corp.) (U.S.), among others.
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 global hoses market.
- In December 2022, Colex International Limited added new products to the PTFE range and the Convoluted PTFE range. In response to demand, the company has created an additional size of 4mm OD x 2mm ID, which is readily available in 25m, 50 m, 75 m, and 100 m coils. Such advancement in product range helps the company to cater to more users worldwide.
- 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 global hoses market.
- In March 2022, 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 global hoses market report are U.S., Canada, Mexico, Germany, U.K., France, Spain, Italy, Turkey, Russia, Belgium, Netherlands, Switzerland, Denmark, Sweden, Norway, Finland, Poland, and the Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, New Zealand, Philippines, Vietnam, Taiwan, and the Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, Israel, South Africa, Oman, Bahrain, Kuwait, Qatar, and the Rest of the Middle East and Africa, Brazil, Argentina, and the Rest of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the hoses market globally during the forecast period 2023 - 2030
In 2023, North America is expected to dominate the hoses market due to several factors. The region has a well-established industrial and manufacturing sector, which creates a high demand for hoses in various applications. Moreover, the region has strict environmental and safety regulations, which require the use of high-quality hoses.
Asia-Pacific is estimated to be the fastest growing region in the global hoses market in the forecast period 2023 - 2030
Asia-Pacific is expected to grow during the forecast period due to the increasing adoption of advanced technologies in industries such as automotive and aerospace is expected to drive the demand for hoses in the region. In addition, the region has a high level of infrastructure development, which further drives the demand for hoses.
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