About Industrial Hose
A hose is a flexible hollow tube designed to carry fluids from one place to another. It is also sometimes referred to as pipes or more commonly tubing. The shape of a hose is usually cylindrical and its design is based on a combination of performance and application. The application of industrial hose is depended upon common factors such as size, pressure rating, length, straight hose or coil hose, and chemical compatibility. The industrial hose is primarily made by using nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers materials. Owing to the recent technological advancements, it also can be manufactured by using special grades such as LDPE, PTFE (Teflon), stainless steel and other metals.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 5.6% |
Competition among existing players is due to the Industrial Hose market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Industrial Hose Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Hose market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eaton (Ireland), PARKER (United States), Gates (United States), RYCO Hydraulics (Australia), Transfer Oil (Italy), Colex International Limited (United Kingdom), Kurt Manufacturing (United States), NORRES Schlauchtechnik (Germany), PIRANHA HOSE PRODUCTS (United States), Polyhose (India), Semperflex (Austria) and United Flexible (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are UNAFLEX Industrial Products (United States), Hose Master (United States), Salem-Republic Rubber (United States), Trelleborg (France), Terraflex (Israel), Kanaflex (United States), Merlett Tecnoplastic (Italy), Pacific Echo (United States), Suttner America (United States) and Sun-Flow (United States).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Hose market by and Region.
On the basis of geography, the market of Industrial Hose has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry, the sub-segment i.e. Oil & Gas will boost the Industrial Hose market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Polyvinyl Chloride (PVC) will boost the Industrial Hose market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Media , the sub-segment i.e. Water will boost the Industrial Hose market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Demand for Robust Industrial Hoses in Critical Applications and Growing Infrastructure-Related Developments
Challenges:
Lead Time
Restraints:
Less Scope for Product Differentiation
Opportunities:
Growing Demand for Automobiles across the Globe and Modernization of Agricultural Processes
Market Leaders and their expansionary development strategies
In January 2024, - Bridgestone HosePower, LLC, a wholly owned indirect subsidiary of Bridgestone Corporation, announced today it has acquired Greenville, South Carolina-based Cline Hose & Hydraulics, LLC. The acquisition furthers the expansion of HosePower's leading hydraulic and industrial hose solutions and service business.
In June 2018, Gates Industrial Corp. plc, a leading global provider of application-specific fluid power and power transmission solutions, has introduced the next generation of premium hydraulics with the new Gates MXT family of hoses. This innovative, patent-pending product line is lighter weight as well as a more flexible solution that meets or exceeds a wide range of industry standards and addresses both the replacement market and original equipment manufacturer needs. It is designed for applications across industries such as agriculture, construction, mining and other end-markets with demanding performance requirements.
Key Target Audience
Raw material vendors, Component manufacturers and distributors, Hose providers, Hose distributors, Hose manufacturers, End users (oil and gas, chemicals, water, food and beverages, agriculture, mining, pharmaceuticals, automobile, and other industries), Analysts and strategic business planners, Research organizations and Associations, organizations, and alliances related to industrial hoses
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.