NEW
YORK, Aug. 12, 2024 /PRNewswire/ -- The global
industrial hose market size is estimated to grow by USD 2650.8 mn from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of 4.36%
during the forecast period. Increasing demand for pvc is
driving market growth, with a trend towards rising demand
for hydraulic rubber hoses in agriculture sector.
However, fluctuations in raw material prices poses a
challenge. Key market players 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..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Oil and
gas, Chemicals, Food and beverages, Automotive, and Others),
Material (Polyurethane, Polyvinyl chloride, Silicone, Rubber, and
Others), and Geography (APAC, North America, Europe, Middle East
and Africa, and South America)
|
Region
Covered
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
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.
|
Key Market Trends Fueling Growth
The agricultural industry is a significant contributor to the
global economy, accounting for approximately 3.5% of the world's
Gross Domestic Product (GDP). This sector involves the cultivation
of plants and animals for food, fiber, and other essential
products. Industrial hoses play a crucial role in enhancing
agricultural processes through their extensive use in agricultural
machinery. Hydraulic rubber hoses, in particular, are widely
adopted for applications such as pneumatic grain conveyors and
irrigation systems. These hoses offer robust leak protection and
flexibility, making them a preferred choice over traditional pipes.
With the increasing global population and the resulting demand for
food, the agricultural industry is undergoing rapid growth. This
trend is expected to fuel the demand for industrial hoses,
including hydraulic rubber hoses, during the forecast period. Some
of the major industrial hoses used in agriculture are spray hoses,
hydraulic hoses, fittings, valves, and hose assemblies. These hoses
enable farmers to optimize their operations and improve crop yield,
thereby contributing to the overall growth of the agricultural
sector.
The industrial hose market is experiencing significant growth
due to increasing demands for high-performance hoses in various
industries. HVAC vacuum hoses, coolant systems, fuel systems, air
conditioning systems, brake systems, power steering systems, and
transmission systems all rely on industrial hoses for optimal
functionality. Hygienic solutions and regulatory requirements, such
as NSF certification, are driving the demand for oil-resistant
hoses made with high-strength fibers and steel wires. Workplace
safety and environmental concerns are also key factors, with a
focus on preventing workplace accidents and minimizing
environmental damage. The agriculture, chemicals, and automotive
sectors, including EVs, are major consumers of industrial hoses.
Brands like Gates, Ryco Hydraulics, Continental, Kurt, NORRES,
Colex International, and others, offer a range of PVC material
hoses for hydraulic machines and transfer oil applications. OICA
and industry leaders continue to innovate, developing new solutions
for chemical hoses and addressing the needs of specific
industries.
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Market Challenges
- The industrial hose market relies heavily on rubber and steel
as primary raw materials for manufacturing. However, the prices of
these materials experience significant fluctuations, posing
challenges for vendors. Rubber prices are influenced by the global
demand-supply imbalance, leading to unpredictable market conditions
and increased production costs. Similarly, steel prices are
subjected to instability due to fluctuating raw material prices and
excess production. A decline in oil prices also impacts steel
prices. These price fluctuations reduce vendors' profit margins,
making it difficult to estimate production costs and hindering the
growth of the industrial hose market during the forecast
period.
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challenges - Download a Sample Report
Segment Overview
This industrial hose market report extensively covers market
segmentation by
- Application
- 1.1 Oil and gas
- 1.2 Chemicals
- 1.3 Food and beverages
- 1.4 Automotive
- 1.5 Others
- Material
- 2.1 Polyurethane
- 2.2 Polyvinyl chloride
- 2.3 Silicone
- 2.4 Rubber
- 2.5 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Oil and gas- In the oil and gas sector, industrial
hoses play a crucial role in transporting various petroleum
products, including oil and gas, on both land and ocean platforms.
These hoses are manufactured using materials such as nitrile
rubber, PVC, and SBR. Nitrile rubber hoses offer superior
resistance to abrasion, tears, and oil and solvent, making them
ideal for the oil and gas industry. SBR hoses exhibit excellent
water resistance, heat and abrasion resistance, low-temperature
flexibility, and heat aging properties. The expanding oil and gas
extraction activities in the Middle
East and the US will fuel the demand for industrial hoses
during the forecast period. With the rise in unconventional oil and
gas sources, advanced well completion and stimulation methods like
hydraulic fracturing, acidizing, and other techniques are gaining
popularity. These methods require robust industrial hoses that can
withstand high pressures and harsh conditions.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Industrial Hose Market is witnessing significant growth due
to the increasing demand for fluid transfer solutions in various
industries such as Agriculture, Chemicals, and Vehicle Production.
The use of industrial hoses is essential in sectors like Mechanized
Farming, where large-scale irrigation and chemical application
require efficient and reliable fluid transfer systems. In the
Chemicals industry, the need for customized industrial hoses made
of materials like PVC and PVC-coated steel for handling corrosive
fluids is on the rise. The adoption of hoses in Energy Conservation
and Hydraulic Machines is also driving market growth. The shift
towards Electric Vehicles (EVs) and the Investment in
Infrastructure are expected to further boost demand. Technology
advancements, including the development of high-pressure hoses and
hoses that meet Regulations and Standards, are also contributing to
market expansion.
Market Research Overview
The Industrial Hose Market encompasses a wide range of hose
types used in various end-use industries for transferring fluids,
gases, and solids. These industries include Agriculture for
mechanized farming and irrigation, Chemicals for production and
transportation, and OICA for oil and gas exploration. The market is
driven by the increasing demand for energy conservation,
urbanization, and food demand in rural contexts. Industrial hoses
are used in Hydraulic machines, EVs, and the Automotive sector for
efficient and cost-effective transfer of fluids. The market
includes various hose types like Chemical hoses, PVC hoses, and
customized industrial hoses. Material types include Rubber, Metal,
and Silicone, while media types include Water, Oil, Gases, and
different components like welds, performance, and different
operating conditions. Regulations and standards like NSF and
oil-resistant hoses ensure workplace safety and prevent workplace
accidents and environmental damage. The market is also influenced
by technology, investment in infrastructure, and the adoption of
hoses in new mobility services and autonomous driving.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- 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
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market 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 market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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