NEW YORK, Feb. 13, 2024 /PRNewswire/ — The industrial hose market is to grow by USD 2.59 billion between 2023 and 2027, and register a CAGR of 4.43%, according to Technavio’s latest market research report estimates. To help businesses improve their market position, the industrial hose market provides a detailed analysis of around 15+ companies operating in the market. Some of these companies include Bridgestone Corp., Continental AG, Eaton Corp. Plc, Flexaust Inc., Gates Industrial Corp. Plc, Hose Master LLC, Kanaflex Corp. Co. Ltd., Kuriyama of America Inc., Kurt Manufacturing, NORRES Schlauchtechnik GmbH, Pacific Echo Inc., Parker Hannifin Corp., RYCO Hydraulics Pty Ltd., Salem Republic Rubber Co., Semperit AG Holding, Smiths Group Plc, Sun Flow Inc., Transfer Oil Spa, Trelleborg AB, and UIP International Inc. Technavio offers in-depth market insights that assist global businesses in obtaining growth opportunities. Read a Free Sample Report
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Report Coverage |
Details |
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Page number |
180 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.43% |
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Market growth 2023-2027 |
USD 2.59 Billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.97 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 53% |
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Key countries |
US, China, Japan, India, and Germany |
NORRES Schlauchtechnik GmbH – The company offers a wide range of industrial hoses such as PROTAPE PUR 301 AS, PROTAPE PUR 330 AS.
The report is segmented by application, material, and Geography. This report offers an up-to-date analysis regarding the current scenario, the latest trends and drivers, and the overall environment.
- Application
- Oil And Gas
- Chemicals
- Food And Beverages
- Automotive
- Others
- Material
- Polyurethane
- Polyvinyl chloride
- Silicone
- Rubber
- Others
- Geography
- APAC
- North America
- Europe
- Middle East And Africa
- South America
The growth of the oil and gas segment will be significant during the forecast period. Advanced well completion and stimulation methods are crucial for unconventional oil and gas extraction. Hydraulic fracturing drives shale gas extraction growth, creating opportunities for companies. Industrial stocking for oil transmission utilizes hoses made of nitrile rubber, PVC, and SBR, offering various properties. To learn more about the factors assisting the growth , download a free sample
The rising demand for vehicles is notably driving the growth. Rubber, silicon, and PVC hoses are widely used in vehicles for engine manufacturing and air conditioning ducts. The increasing vehicle production and demand for electric vehicles will drive growth.
- New Product launches are a major trend.
- Fluctuations in raw material prices are significant challenges impeding the growth.
Key Highlights
- CAGR during the forecast period 2023-2027
- Detailed information on factors that will assist growth during the next five years
- Estimation of the size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will challenge the growth of companies
The Global Industrial Hoses Market is witnessing significant growth across various sectors. In the Automotive industry, hoses play a crucial role in coolant systems and hydraulic applications. Pharmaceuticals rely on hoses for fluid transfer during manufacturing processes, ensuring hygiene and sterility. Infrastructure projects utilize hoses for conveying fluids, including water and chemicals. In the Oil and Gas sector, hoses are essential for transferring petroleum products and chemicals safely. Food and Beverages industries depend on hoses for sanitary handling of liquids and gases. Mining operations utilize hoses for slurry and abrasive material transport. Water management involves hoses for irrigation, dewatering, and firefighting. Agriculture relies on hoses for crop spraying and irrigation systems. Additionally, hoses are integral components of tubes and pipes systems across various applications, ensuring seamless fluid transfer and containment in diverse industries.
Related Reports
The mechanical connectors market size is estimated to grow by USD 4.46 billion at a CAGR of 5.54% between 2022 and 2027.
The hydraulic hose and fittings market size is estimated to grow by USD 555.79 million at a CAGR of 4.81% between 2022 and 2027.
ToC:
Executive Summary
LandscaSizing
Historic Sizes
Five Forces Analysis
Segmentation by Application
Segmentation by Material
Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging trends and provide actionable insights to help businesses identify opportunities and develop effective strategies to optimize their positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable insights to identify opportunities in existing and potential markets and assess their competitive positions within changing scenarios.
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SOURCE Technavio
