Industrial Hose Market - Trends Forecast Till 2028

Industrial Hose Market, by Material (Natural Rubber, Nitrile Rubber, Polyurethane, PVC), Media Type, Industry (Automotive, oil & gas, Chemicals, Pharmaceuticals, Infrastructure, food & beverages, agriculture), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-SE-IHM-1001

Format:  

Number of Pages: 349

Domain: Semiconductors & Electronics

Industrial Hose Market – Trends Forecast Till 2028

The global Industrial Hose Market size was valued at USD 13.08 Billion in 2020 and is projected to reach USD 20.07 Billion by 2028, growing at a CAGR of 5.52% from 2021 to 2028.

A hose is a flexible hollow tube designed to carry fluids from one location to another. The shape of a hose is usually cylindrical having a circular cross section. Hose design is based on a combination of application and performance. Common factors considered for hose design are size, pressure rating, weight, length, and chemical compatibility. Applications mostly use nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers, based on the environment and pressure rating needed.

Increasing demand for robust industrial hoses in critical applications, and growing infrastructure-related developments are some of the factors that have supported long-term expansion for Industrial Hose Market.

COVID-19 pandemic has shut-down the production of various products in the global industrial hose industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of global industrial hose market significantly from last few months, as is likely to continue during 2020.

Industrial Hose Market Size Analysis

The Asia Pacific region is expected to dominate the largest market share during the forecast period. India, China, and Japan represent the Industrial Hose Market, collectively considering for over 72% of the market value in the Asia Pacific.

Industrial Hose Market is segmented into material, media type, industry and region.

On the basis of Material

  • Natural Rubber
  • Nitrile Rubber
  • PVC
  • Silicone
  • Polyurethane

On the basis of Media Type

  • Water
  • Oil
  • Hot Water and Steam
  • Air and Gas
  • Food and Beverage
  • Chemical

On the basis of Industry  

  • Automotive
  • Infrastructure
  • Oil & Gas
  • Pharmaceuticals
  • Food & Beverages
  • Water & Wastewater
  • Chemicals
  • Mining
  • Agriculture
  • Others

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Industrial Hose Market Primary Respondent

 

Key Players

  • Gates
  • Eaton
  • Parker Hannifin
  • RYCO Hydraulics
  • Transfer Oil S.p.A.
  • Kuriyama of America, Inc.
  • Kurt Manufacturing
  • Piranha Hose Products
  • NORRES
  • Colex International

Recent Developments

  • In April 2020, Continental AG (Germany) developed medical hoses needed in Bergamo and the Lombardy region’s medical sector at its Italian site in Daverio, Italy. PVC hose is suitable for the transport of air, oxygen, nitrous oxide, helium, and carbon dioxide.
  • In February 2020, NORRES GmbH (Germany) acquired the Swedish hose distributor Jarl Elmgren AB (“Jarl Elmgren”). This acquisition is in line with NORRES' internationalization strategy and represents a significant strengthening of the company's market position in Scandinavia.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Industrial Hose Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 5.52% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

material, media type, industry and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Gates, Eaton, Parker Hannifin, RYCO Hydraulics, Transfer Oil S.p.A., Kurt Manufacturing, Piranha Hose Products, NORRES, and Colex International.

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