Industrial hoses are flexible reinforced tubes used for transferring different states of materials, such as liquids and gases. An industrial hose operates under a wide range of pressure, thus being suitable for a different set of applications. They 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.
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Data Bridge Market Research analyzes that the Global Industrial Hoses and Fittings Market is expected to grow at a CAGR of 6.2% in the forecast period of 2023 to 2030 and is expected to reach USD 23,774,930.24 thousand by 2030 from USD 14,809,514.86 thousand in 2022. The non-metal hose is cheaper in price as compared to the metal hose, which may be beneficial for the operator. Owing to the high cost of the metal ultimately increases the price of metal hose. Hence, non-metal hoses are more convenient and highly adaptable.
Key Findings of the Study
Advancements in hoses and fitting technologies
Advancements in hoses and fitting technologies play a pivotal role in driving market growth. Therefore, the quality of non-metal hose will be enhanced and better. Rubber hose is widely used in conveying systems for pipelines and bends in systems where a degree of natural flexibility is required. Its properties also make it ideal for use in systems where the material being conveyed may be friable, abrasive, or cohesive. Rubber hoses are generally the strongest and most long-lasting.
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 Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Hoses and Fittings), Distribution Channel (Distributors and OEM), Industry (Industrial Automation, Mining, Construction, Oil & Gas, Automotive, Pharmaceutical, Food & Beverages, Agriculture, Water, and Others), Material Type (Rubber, Polyurethane, Polyvinyl Chloride, Metal, Thermoplastics, Composite, Silicone, and Others), Media (Oil, Water, Gas, and Others), 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)), Parts (Original Parts and Replacement Parts)
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Countries Covered
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U.S., Canada, Mexico, China, India, South Korea, Japan, Singapore, Australia, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Germany, U.K., Russia, Italy, Spain, France, Turkey, Netherlands, Portugal, Belgium, Switzerland, Rest of Europe, Brazil, Argentina, Rest of South America, Saudi Arabia, U.A.E., South Africa, Israel, Egypt, and Rest of Middle East and Africa
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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. (U.S.), Pacific Echo (U.S.), Colex International Limited UK (England), Gates Corporation (U.S.), Semperit AG Holding (Austria), KURIYAMA OF AMERICA INC. (A Subsidiary Of Kuriyama Holdings Corporation)(U.S.), Titeflex (A Subsidiary Of Smiths Group Plc) (U.S.), Trelleborg Group (A Subsidiary Of Trelleborg AB) (France), Flexaust Inc. (U.S.), Salem-Republic Rubber Company (U.S.), PIRTEK (Australia), Dixon Valve & Coupling Company LLC (U.S.), Titan Fittings (U.S.), and Piranha Hose Products, Inc.(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 global industrial hoses market is segmented into eight notable segments based on type, distribution channel, industry, material type, media, wire type, pressure, and parts.
- On the basis of type, the market is segmented into hoses and fittings.
In 2023, the hoses segment is expected to dominate the global industrial hoses and fitting market
In 2023, the hoses segment is expected to dominate the market with a 60.67% market share due to the growing advancement in the material that has raised the demand for hoses.
- On the basis of material type, the market is segmented into rubber, Polyurethane, Polyvinyl Chloride, metal, thermoplastics, composite, Silicone, and others
In 2023, the rubber segment is expected to dominate the global industrial hoses and fitting market
In 2023, the rubber segment is expected to dominate the market with a 22.36% market share as this 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.
- 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 38.16% market share.
- 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 60.24% market share.
- 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 40.26% market share.
- On the basis of industry, the market is segmented into oil and gas, water, agriculture, food and beverages, pharmaceuticals, automotive, mining, industrial automation, and others. In 2023, the mining segment is expected to dominate the market with a 23.98% market share.
- On the basis of distribution channel, the market is segmented into distributors and OEM. In 2023, the distributors segment is expected to dominate the market with a 83.27% market share.
- On the basis of parts, the market is segmented into original parts and replacement parts. In 2023, the original parts segment is expected to dominate the market with a 81.21% market share.
Major Players
Data Bridge Market Research recognizes the following companies as the major key players in the global industrial hoses and fittings market that include 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. (U.S.), Pacific Echo (U.S.), Colex International Limited UK (England), Gates Corporation (U.S.), Semperit AG Holding (Austria), KURIYAMA OF AMERICA INC. (A Subsidiary Of Kuriyama Holdings Corporation)(U.S.), Titeflex (A Subsidiary Of Smiths Group Plc) (U.S.), Trelleborg Group (A Subsidiary Of Trelleborg AB) (France), Flexaust Inc. (U.S.), Salem-Republic Rubber Company (U.S.), PIRTEK (Australia), Dixon Valve & Coupling Company LLC (U.S.), Titan Fittings (U.S.), and Piranha Hose Products, Inc.(U.S.) among others.
Market Developments
- In June 2023, Kurt Manufacturing introduced a new lineup of stainless-steel couplings. The couplings are manufactured from high carbon grade 316 SS with high nickel and chromium content, which provides resistance to chemical attack and corrosion. The launch of the stainless-steel couplings helped Kurt Hydraulics to expand its market presence and to acquire new customers in the marine, food production, medical, fertilizer, and chemical handling industries
- In July 2022, Continental AG introduced a new Smart Test Bench technology to improve hose-build solutions, technology company Continental recently. By integrating the technology with the company's CrimpIQ crimpers, fabricators can create a high-quality hose assembly in any situation. This helped the company to increase its offering and capture the potential market
- In July 2022, ContiTech, an industrial division of Continental AG, started a significant reorganization of its German hose manufacturing facilities. This step took place to prepare the market for automotive hoses and lines for the upcoming competition in the area of e-mobility for cars and trucks. This allowed the company to meet future market demands
- In November 2021, Flexaust shared a blog on its official website regarding different types of commercial vacuum hoses. Through this, the company was creating awareness about industrial hoses and their applications. In addition, with such a blog, the company targets potential customers for its offered products in the market
- In July 2021, NORRES Schlauchtechnik GmbH, which is engaged in manufacturing, developing, and distributing flexible hose system solutions globally, acquired Baggerman Group ("Baggerman"), a manufacturer and distributor of industrial hoses, couplings, and accessories. This acquisition will help the company to increase its global presence, and also it will help to expand the market
Regional Analysis
Geographically, the countries covered in the global industrial hoses and fittings market report are U.S., Canada, Mexico, China, India, South Korea, Japan, Singapore, Australia, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Germany, U.K., Russia, Italy, Spain, France, Turkey, Netherlands, Portugal, Belgium, Switzerland, Rest of Europe, Brazil, Argentina, Rest of South America, Saudi Arabia, U.A.E., South Africa, Israel, Egypt, and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
In 2023, Asia-Pacific is expected to dominate the global industrial hoses and fittings market
In 2023, Asia-Pacific is expected to dominate the market due to several factors. The region has a well-established different set of operations and transport sector, which creates a high demand for hoses and fitting solutions in various applications. Moreover, the region has strict environmental and safety regulations, which require the use of high-quality hoses and fittings.
Asia-Pacific is estimated to be the fastest-growing region in the global industrial hoses and fittings market during the forecast period 2023-2030
Asia-Pacific is expected to grow during the forecast period due to the presence of major market players and the rapid development of technological facilities in emerging economies in this region. In addition to this, the rising level of transportation and operational sectors has significantly contributed to the market expansion, which further drives the demand for industrial hoses.
For more detailed information about the global industrial hoses and fittings market report, click here- https://www.databridgemarketresearch.com/zh/reports/global-industrial-hoses-and-fittings-market
