Global Industrial Hose Market

Industrial Hose Market Size, Share, Growth Analysis, By Material(Silicone, Polyvinyl Chloride), By Media(Chemical, Water), By Vertical(Infrastructure, Pharmaceuticals) - Industry Forecast 2024-2031

Report ID: SQMIG20B2062 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 96 | Figures: 70

Industrial Hose Market News

  • In February 2023, A new range of industrial hoses with enhanced flexibility and chemical resistance made of sophisticated thermoplastic materials was unveiled by Parker Hannifin Corporation. These hoses meet the increasing need for robust and adaptable fluid handling solutions by serving a variety of applications in sectors like industry, oil and gas, and agricultural.
  • In October 2022, Eaton Corporation introduced a line of high-performing industrial hoses with Internet of Things (IoT) sensors to monitor vital metrics like flow rate, temperature, and pressure in real time. This invention improves operational effectiveness and safety in many industries, such as mining, building, and auto production.
  • In June 2023, A revolutionary composite industrial hose from Gates Corporation was presented; it is made for harsh environments and combines a lightweight design with remarkable endurance and resilience to UV radiation, chemicals, and abrasion. Reliability and performance are critical factors in industries including aerospace, maritime, and utilities, which are served by this development.
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Industrial Hose Market size was valued at USD 13.2 billion in 2022, USD 14.01 billion in 2023 and is projected to grow USD 21.20 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).

A lot of companies are focusing on organic growth strategies, such as events, patents, approvals, and new product releases. The market has noticed acquisitions, partnerships, and collaborations as inorganic growth tactics. These actions have increased the clientele and revenue of the market participants. It is anticipated that the market players will have lucrative growth prospects in the future due to the growing demand for industrial hoses. NORRES, Parker Hannifin, Eaton, Gates, Kurt Manufacturing, Piranha Hose Products, RYCO Hydraulics, and Transfer Oil S.p.A. are a few of the major participants. 'NORRES Schlauchtechnik GmbH (Germany) ', 'Colex International Limited, UK (UK) ', 'RYCO Hydraulics (Australia) ', 'Dixon Valve & Coupling Company, LLC (US) ', 'Pacific Echo (US) ', 'Eaton (Ireland) ', 'Gates Corporation (US) ', 'Transfer Oil S.p.A (Italy) ', 'Kurt Manufacturing (US) ', 'Kanaflex Corporation Co., Ltd. (Japan) ', 'Titan Fittings (US)', 'ContiTech AG (A Subsidiary of Continental AG) (Germany) ', 'PARKER HANNIFIN CORP (US) ', 'Semperit AG Holding (Austria) '

Demand for hoses is being created by the growing number of infrastructure-related projects, which is stimulating private participation in infrastructure (PPI) to invest more. Growing infrastructure improvements as a result lead to an increase in the need for hoses. It is anticipated that most of the developments would occur in Africa and Asia. Infrastructure improvements in APAC are the main factor driving rapid urbanisation and industrialization; this trend is increasing demand for hoses because they can be used for a variety of tasks, including moving various kinds of fluids from one place to another in various

Durability and Efficiency of Thermoplastic Materials: Thanks to technological improvements, hoses that can survive hostile environments are becoming more efficient and durable. The use of thermoplastic materials into the production process of industrial hoses signifies a noteworthy advancement in terms of improving their general quality and functionality. These materials are excellent at withstanding a broad variety of chemicals, which makes them ideal for applications involving the transmission of caustic compounds.

The Industrial Hose Market is dominated by Asia Pacific due to several important factors. Industrial hoses are in high demand across a variety of industries, including manufacturing, construction, and agriculture, because of the region's rapidly growing industrialization, especially in nations like China and India. Furthermore, as cities grow more rapidly, infrastructure development initiatives are fueled, which supports market expansion even more. The region's supremacy is further reinforced by advantageous government measures supporting industrial expansion and investments in industries like chemicals, oil and gas. The region's supremacy is further reinforced by advantageous government measures supporting industrial expansion and investments in industries like chemicals, oil and gas. extensive supply chain infrastructure and the existence of significant manufacturing centers further solidify Asia Pacific's standing as a prominent participant in the industrial hose market.

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Global Industrial Hose Market

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