Industrial Hose Market

Industrial Hose Market witnessed USD 9251 million in 2019, growing at a robust CAGR of 9.3% during forecast period.

Industrial hose is a term for hoses that are used in various industries. Hoses have a multiple variety of uses and are a prominent way of transferring several media from one place to another. Hoses come in a variety of shapes and sizes made from a range of different materials, depending on the media that is being transferred. Industrial hose is a malleable and usually reinforced vessel that covers a wide extent fluid lines containing flow lines for gases and fluids in hydraulic, pneumatic, or process applications.

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The significant factor propelling the growth of the global industrial hose market is rising demand of industrial hoses among various industries. Nowadays, there is a massive demand for PVC material due to its properties such as corrosion resistance, chemical resistance, and durability, which is growing the demand for industrial hoses made up of PVC material. There is continuous advancement in the agricultural sector by inducing latest technology and new techniques such as chemical suction transfer, heavy-duty water suction, and discharge applications, which require industrial hose. The increasing number of advancements are contributing to the growth of the global industrial hose market.

Industrial hoses come in a wide range of varieties and are used in various applications, which enables industries to choose the appropriate option as per their requirements. Due to rapid industrialization, there is an enormous growth in construction projects, which has several applications of industrial hose. It is a crucial factor that is driving the growth of the global industrial hose market. On the contrary, if hoses are not assembled properly or hose and hose fitting are combined inappropriately, then it can cause fatal accidents as vapor release of inflammable fluids may cause fire or explosion. These practices should be carried out by the technical experts. The shortage of technically skilled professionals might restrain the growth of the global industrial hose market.

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Based on the material, the market is segmented into natural rubber, nitrile rubber, polyvinyl chloride (PVC), silicone, polyurethane, and others. The polyurethane segment is projected to grow at a higher CAGR during the forecast period owing to its ability to be rigid and flexible both as per requirement. Polyurethane is resistant to gasoline, kerosene, and chemicals, which enables it to be used in numerous industries such as oil & gas, chemical, agriculture, and mining. The growing adoption of industrial hoses manufactured by using polyurethane across various industries is surging the growth of this segment.

Based on the media type, the market is segmented into water, oil, hot water & steam, air & gas, food & beverage, and chemical. The chemical segment is expected to grow at a higher CAGR in the global industrial hose market over the forecast period. This is due to the growing adoption of industrial hose in various chemical processes such as for transferring liquid chemicals from one place to another, loading/unloading of chemicals to carry out further processes in chemical, pharmaceuticals, and food & beverage industries.

Based on the industry, the market is segmented into automotive, pharmaceuticals, infrastructure, oil & gas, food & beverages, chemicals, water & wastewater, mining, agriculture, and others. The automotive segment is anticipated to witness a faster CAGR over the forecast period attributed to the growing demand for vehicles by individuals. Increasing demand for vehicles further surged the demand for industrial hoses in the automotive industry as hoses are used in several parts of vehicles.

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Based on the region, Asia-Pacific is expected to grow at a higher CAGR over the forecast period due to the increasing consumption of oil, which has raised the number of refineries in this region. Industrial hose is widely used in oil & gas industry due to increasing environmental concerns as oil is inflammable in nature. All these factors are surging the growth of industrial hose market in Asia-Pacific.

Various notable players operating in the market include Gates Industrial Corporation, RYCO Hydraulics, Eaton, Transfer Oil S.p.A., Kurt, Continental AG, Colex International Limited, Kuriyama of America, Inc., Parker Hannifin Corp., and Alfa Gomma Spa, among others. 

Key Developments:

• • In 2019, Gates Industrial Corporation launched MXG 4K in India, which is light weight, compact design, and highly flexible hydraulic hose for industrial and automotive replacement markets.

The global industrial hose market has been segmented on the basis of material, media type, industry, and regions. Based on material, the market is segmented into natural rubber, nitrile rubber, polyvinyl chloride (PVC), silicone, polyurethane, and others. Based on media type, the market is segmented into water, oil, hot water & steam, air & gas, food & beverage, and chemical. Based on industry, the market is segmented into automotive, pharmaceuticals, infrastructure, oil & gas, food & beverages, chemicals, water & wastewater, mining, agriculture, and others. Based on the regions, the global email encryption market has been segmented into Asia-Pacific, Europe, North America, and RoW. 

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Key questions answered in this research report:

• • At what pace is global industrial hose market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in industrial hose market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global industrial hose market?
  • Which material generated maximum revenues in 2019 and identify the most promising material during the forecast period?
  • What are the various industry areas of global industrial hose market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Industrial Hose Market by Material

• • Natural Rubber
  • Nitrile Rubber
  • Polyvinyl Chloride (PVC)
  • Silicone
  • Polyurethane
  • Others

Global Industrial Hose Market by Media Type

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

Global Industrial Hose Market by Industry

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

Global Industrial Hose Market by Region

• • North America Industrial Hose Market (Option 1: As a part of the free 25% customization)
    • North America Industrial Hose Market by Material
    • North America Industrial Hose Market by Media Type
    • North America Industrial Hose Market by Industry
    • US Industrial Hose Market All-Up
    • Canada Industrial Hose Market All-Up
  • Europe Industrial Hose Market (Option 2: As a part of the free 25% customization)
    • Europe Industrial Hose Market by Material
    • Europe Industrial Hose Market by Media Type
    • Europe Industrial Hose Market by Industry
    • UK Industrial Hose Market All-Up
    • Germany Industrial Hose Market All-Up
    • France Industrial Hose Market All-Up
    • Spain Industrial Hose Market All-Up
    • Rest of Europe Industrial Hose Market All-Up
  • Asia-Pacific Industrial Hose Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Industrial Hose Market by Material
    • Asia-Pacific Industrial Hose Market by Media Type
    • Asia-Pacific Industrial Hose Market by Industry
    • China Industrial Hose Market All-Up
    • India Industrial Hose Market All-Up
    • Japan Industrial Hose Market All-Up
    • Rest of APAC Industrial Hose Market All-Up
  • RoW Industrial Hose Market (Option 4: As a part of the free 25% customization)
    • RoW Industrial Hose Market by Material
    • RoW Industrial Hose Market by Media Type
    • RoW Industrial Hose Market by Industry
    • Brazil Industrial Hose Market All-Up
    • South Africa Industrial Hose Market All-Up
    • Saudi Arabia Industrial Hose Market All-Up
    • UAE Industrial Hose Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Industrial Hose Market All-Up

Major Players Operating the Industrial Hose (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Gates Industrial Corporation
  • RYCO Hydraulics
  • Eaton
  • Transfer Oil S.p.A.
  • Kurt
  • Continental AG
  • Colex International Limited
  • Kuriyama of America, Inc.
  • Parker Hannifin Corp
  • Alfa Gomma Spa