The global industrial hose market accounted for $10.89 billion in 2018 and is expected to reach $21.12 billion by 2027 growing at a CAGR of 7.6% during the forecast period.
Increasing demand for polyvinyl chloride (PVC) and rising infrastructure-related developments are the factors driving the market. However, the lack of technical know-how of industrial hoses is hampering market growth.
A hose is a flexible and often reinforced vessel used to transfer fluids from one location to another. Industrial hose covers the broad spectrum of fluid transfer lines, including flow lines for fluids and gases in pneumatic, hydraulic, or process applications, as well as specialized uses in heavy industry such as mining, geotechnical, and construction. Industrial hose is usually application-specific; consultation with hose manufacturers regarding specific applications is typical.
By material, the polyurethane segment is likely to have a huge demand during the forecast period. Polyurethane is a plastic material, which exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as building insulation, composite wood panels, insulation of refrigerators and freezers, and car parts. They have exceptional resistance to gasoline, oil, kerosene, and other petroleum-based products, making them suitable for use in industries, such as oil & gas, chemicals, mining, food & beverages, and agriculture.
Based on geography, Asia Pacific is estimated to have a lucrative growth during the forecast period. APAC is a potential market for industrial hoses owing to increasing urbanization, increasing demand for automobiles, and modernization of agricultural processes. High population density and growing per capita income of this region, along with large-scale industrialization and urbanization, are the driving factors for the growth of the market.
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments and the regional markets
4 Porters Five Force Analysis 4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry
5 Global Industrial Hose Market, By Type 5.1 Introduction 5.2 Wire Reinforced Products 5.3 Textile Reinforced Products
6 Global Industrial Hose Market, By Media 6.1 Introduction 6.2 Water 6.3 Chemical 6.4 Oil 6.5 Hot Water and Steam 6.6 Air and Gas 6.7 Food and Beverage
7 Global Industrial Hose Market, By Material 7.1 Introduction 7.2 Polyvinyl Chloride (PVC) 7.3 Polyurethane 7.4 Silicone 7.5 Rubber 7.5.1 Nitrile Rubber 7.5.2 Natural Rubber 7.6 Other Materials 7.6.1 Ethylene Propylene Diene Monomers (EPDM) 7.6.2 Ultra High Molecular Weight Polyethylene (upe)
8 Global Industrial Hose Market, By End User 8.1 Introduction 8.2 Infrastructure 8.3 Food & Beverages 8.4 Pharmaceuticals 8.5 Oil & Gas 8.6 Automotive 8.7 Chemicals 8.8 Mining 8.9 Water & Wastewater 8.10 Agriculture 8.11 Construction 8.12 Industrial Manufacturing 8.13 Steel Works 8.14 Other End Users
9 Global Industrial Hose Market, By Geography 9.1 Introduction 9.2 North America 9.2.1 US 9.2.2 Canada 9.2.3 Mexico 9.3 Europe 9.3.1 Germany 9.3.2 UK 9.3.3 Italy 9.3.4 France 9.3.5 Spain 9.3.6 Rest of Europe 9.4 Asia Pacific 9.4.1 Japan 9.4.2 China 9.4.3 India 9.4.4 Australia 9.4.5 New Zealand 9.4.6 South Korea 9.4.7 Rest of Asia Pacific 9.5 South America 9.5.1 Argentina 9.5.2 Brazil 9.5.3 Chile 9.5.4 Rest of South America 9.6 Middle East & Africa 9.6.1 Saudi Arabia 9.6.2 UAE 9.6.3 Qatar 9.6.4 South Africa 9.6.5 Rest of Middle East & Africa
10 Key Developments 10.1 Agreements, Partnerships, Collaborations and Joint Ventures 10.2 Acquisitions & Mergers 10.3 New Product Launch 10.4 Expansions 10.5 Other Key Strategies
11 Company Profiling 11.1 Gates Industrial Corporation PLC 11.2 RYCO Hydraulics 11.3 Transfer Oil S.P.A. 11.4 Eaton Corporation PLC 11.5 Parker Hannifin Corporation 11.6 Piranha Hose Products, Inc. 11.7 Kurt Manufacturing 11.8 NORRES Schlauchtechnik MBH 11.9 Colex International Ltd. 11.10 Kanaflex 11.11 United Flexible 11.12 Semperit AG Holding 11.13 Campbell Fittings, Inc. 11.14 Continental AG 11.15 Trelleborg AB