INDUSTRIAL HOSE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global industrial hose market is estimated to be valued at US$ 14.88 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031. Global industrial hose market has witnessed significant growth in the recent years owing to thriving oil and gas, food processing, mining, and chemical industries globally. Industrial hoses are critical equipment utilized for transferring myriad fluids across various industrial applications. These are usually made of durable materials like rubber, plastic, and metal to withstand high temperatures and pressures. Rapid industrialization has boosted demand for hoses from numerous end-use industries to efficiently transport liquids and gases. Moreover, stringent regulations regarding workers safety have prompted industrial operators to invest in high-quality hoses. Global industrial hose market is expected to witness growth in the near future due to growing manufacturing activities worldwide.

 Market Dynamics:

Global industrial hose market growth is driven by robust expansion of process industries and rising demand from chemical and mining sectors. Significant growth in hydrocarbon exploration and production activities has boosted consumption of hoses in oil & gas industry. Stringent regulations regarding workers safety are prompting industrial operators to utilize reliable hoses made of quality materials. However, volatility in raw material prices remains a key challenge for market players. Market opportunities lie in increasing investments in emerging economies to cater to rising needs of industrial sectors. Technological advancements in hose fabrication methods is expected to introduce new product variants with superior properties.

 Key features of the study:

• This report provides in-depth analysis of the global industrial hose market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global industrial hose market based on the following parameters  company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Gates Industrial Corporation plc, Eaton Corporation plc, Parker-Hannifin Corporation, Ryco Hydraulics, Transfer Oil S.p.A., Kuriyama of America, Inc., Continental AG, Kurt Manufacturing, NORRES, Colex International, Sanipure Water Systems, Polyhose, Vardhman Hoses Pvt Ltd, Manuli Hydraulics, Bridgestone Hose Power, Kingdaflex Hydraulic Hose, Dunlop Hiflex, National Rubber Industries, Letone, Perfect Hydraulic India are the major players
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global industrial hose market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial hose market

Detailed Segmentation

• By Material:
• • Rubber
  • PVC
  • Silicone
  • Teflon
  • Others
• By Media Type:
• • Water
  • Oil
  • Hot Water and Steam
  • Air and Gas
  • Food and Beverage

• • Others (Chemical, etc.)
• By Industry:
• • Oil & Gas
  • Chemical
  • Food & Beverage
  • Pharmaceuticals
  • Agriculture
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Gates Industrial Corporation plc
  • Eaton Corporation plc
  • Parker-Hannifin Corporation
  • Ryco Hydraulics
  • Transfer Oil S.p.A.
  • Kuriyama of America, Inc.
  • Continental AG
  • Kurt Manufacturing
  • NORRES
  • Colex International
  • Sanipure Water Systems
  • Polyhose
  • Vardhman Hoses Pvt Ltd
  • Manuli Hydraulics
  • Bridgestone Hose Power
  • Kingdaflex Hydraulic Hose
  • Dunlop Hiflex
  • National Rubber Industries
  • Letone
  • Perfect Hydraulic India