Enjoy complimentary customisation on priority with our Enterprise License!
The industrial hose market size is valued to increase by USD 2.65 billion, at a CAGR of 4.36% from 2023 to 2028. Increasing demand for PVC will drive the industrial hose market.
Get Key Insights on Market Forecast (PDF) Request Free Sample
Industrial hoses play a crucial role in various business operations, enabling the transfer of fluids and gases across industries. In the competitive hose market, two key materials, thermoplastic polyurethane (TPU) hose and silicone rubber hose, dominate due to their distinct advantages. TPU hoses offer superior abrasion resistance and higher temperature ratings, while silicone rubber hoses exhibit excellent flexibility and resistance to pressure pulsation effects. Hose material selection significantly impacts business outcomes. For instance, the use of hoses with improved flow rate measurement capabilities can lead to increased efficiency and cost reduction in industrial processes. Additionally, hose end fittings that align with compliance standards ensure regulatory adherence, reducing potential fines and legal issues. Furthermore, hose design innovations such as vibration damping hoses, spiral hose construction, and hose routing optimization contribute to reduced hose wear mechanisms and improved hose life expectancy. These advancements lead to lower maintenance costs and higher ROI for businesses. In high-pressure hydraulic applications, reinforced thermoplastic hoses and chemical-resistant hoses demonstrate significant advantages, offering increased hose fatigue resistance and improved burst pressure ratings. These hoses contribute to the overall reliability and safety of industrial processes. Industrial hose clamps, hose assembly processes, and hose leak testing are essential components of hose maintenance, ensuring optimal hose performance and minimizing downtime. The adoption of advanced hose assembly technologies, such as PTFE hose assemblies, further enhances hose reliability and reduces hose failure risks. In conclusion, the market continues to evolve, with a focus on innovative hose designs, material advancements, and process improvements that contribute to increased efficiency, safety, and cost savings for businesses.
The significant increase in demand for PVC (polyvinyl chloride) serves as the primary driver for the growth of the PVC market.
In the agriculture sector, the demand for hydraulic rubber hoses is on the rise, representing an emerging market trend.
The volatility in raw material prices poses a significant challenge to the industry's growth trajectory.
The industrial hose industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The oil and gas segment is estimated to witness significant growth during the forecast period.
In the dynamic industrial landscape, the market continues to evolve, driven by the diverse requirements of various sectors. Industrial hoses are essential components in numerous applications, including fluid transfer in the oil and gas industries, where they ensure the safe and efficient transportation of petroleum products. These hoses are manufactured using a range of materials, such as thermoplastic polyurethane, silicone rubber, and nitrile rubber, each offering distinct advantages. For instance, thermoplastic polyurethane hoses boast high-pressure resistance, while silicone rubber hoses exhibit excellent temperature resistance. Hose material selection is crucial, considering factors like pressure pulsation effects, hose inner diameter, flow rate measurement, and hose fitting types.
The Oil and gas segment was valued at USD 3.02 billion in 2018 and showed a gradual increase during the forecast period.
Industrial hoses undergo wear mechanisms due to vibration damping, hose fatigue resistance, and hose routing optimization. Additionally, hoses are engineered to meet specific industry standards, such as hose leak testing, hose burst pressure, and hose assembly process. PTFE hose assemblies and hose life expectancy are critical considerations in high-pressure hydraulic hoses. The market growth is fueled by the increasing demand for chemical resistant hoses, reinforced thermoplastic hoses, and hose crimping machines in various industries. Approximately 50% of industrial hoses are used in oil and gas applications, underscoring their indispensable role in this sector.
APAC is estimated to contribute 58% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
See How Industrial Hose Market Demand is Rising in APAC Request Free Sample
The market in the Asia Pacific (APAC) region is poised for significant growth during the forecast period, holding a substantial share of the global market. APAC's industrial hose industry stands out for its demand, innovation, and quality, making it a key player in product development. The primary drivers of this market's expansion are the burgeoning sectors of automotive, construction, agriculture, food and beverages, and chemical industries. In particular, the construction and automotive sectors in APAC are significant contributors to the market's growth. China, India, Indonesia, Vietnam, and Thailand are major consumers of vehicles and are expected to maintain their leading positions in the automotive industry during the forecast period.
These countries also extensively use industrial hoses in automotive, construction, agriculture, food and beverages, and chemical applications. For instance, China, Cambodia, and Vietnam account for a considerable portion of the global industrial hose demand due to their extensive usage in these sectors. The market in APAC benefits from operational efficiency gains and cost reductions, making it an essential component in various industries. By addressing the evolving needs of these sectors, the market in APAC continues to expand and innovate.
Customer Landscape of Industrial Hose Industry
Companies are implementing various strategies, such as strategic alliances, industrial hose market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Eaton Corporation - This company specializes in manufacturing and supplying hydraulic and industrial hoses for various industries, including construction, mining, agriculture, and transportation markets.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Industrial Hose Market insights. See full methodology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
194 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
|
Market growth 2024-2028 |
USD 2650.8 million |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
4.11 |
|
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Egypt, Oman, Argentina, KSA, UAE, and Brazil |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market caters to various sectors requiring optimal hose routing for their applications to ensure efficient production processes. Hose performance, however, is significantly influenced by several factors. One such factor is pressure pulsation, which can lead to premature hose failure and decreased lifespan. Therefore, selecting appropriate hose materials for chemical compatibility and understanding the comparison between thermoplastic and rubber hose materials is crucial. Thermoplastic hoses offer advantages such as higher resistance to abrasion and better flexibility at low temperatures compared to rubber hoses. However, the former may not be suitable for applications involving high temperatures or extreme pressure. Hydraulic hose failure modes, including leaks, bursts, and kinking, necessitate preventative maintenance. Hose diameter plays a vital role in determining flow rate and pressure drop, impacting overall system efficiency. Temperature extremes can also affect hose performance, necessitating preventative maintenance techniques such as insulation and thermal protection. Design considerations for high-pressure hose systems include assessing hose material degradation mechanisms and calculating working pressure based on material properties. Hose clamp selection for optimal sealing performance is equally important. In the context of supply chain and operational planning, evaluating different hose assembly techniques and their impact on hose lifespan based on operating conditions and material selection can lead to significant cost savings and improved compliance. Vibration damping and noise reduction are essential considerations for hose system design, particularly in industries with stringent environmental regulations. The indirect numerical comparison between hose assembly techniques reveals that quick-disconnect couplings can reduce hose assembly time by up to 50% compared to traditional methods, enhancing operational efficiency. In conclusion, understanding these factors and implementing appropriate solutions can lead to improved hose performance, increased efficiency, and reduced downtime in industrial applications.
What is the expected growth of the Industrial Hose Market between 2024 and 2028?
USD 2.65 billion, at a CAGR of 4.36%
What segmentation does the market report cover?
The report is segmented by Application (Oil and gas, Chemicals, Food and beverages, Automotive, and Others), Material (Polyurethane, Polyvinyl chloride, Silicone, Rubber, and Others), Geography (APAC, North America, Europe, Middle East and Africa, South America, and Rest of World (ROW)), and End-use (Construction, Agriculture, and Manufacturing)
Which regions are analyzed in the report?
APAC, North America, Europe, Middle East and Africa, and South America
What are the key growth drivers and market challenges?
Increasing demand for PVC, Fluctuations in raw material prices
Who are the major players in the Industrial Hose Market?
Eaton Corporation, Parker Hannifin, Gates Corporation, Continental AG, Alfagomma, Kuriyama Holdings, Kanaflex Corporation, Semperit AG, Colex International, Trelleborg AB, RYCO Hydraulics, Manuli Hydraulics, Pacific Echo, Sumitomo Riko, Hose Master, Flexaust, Novaflex Group, Transfer Oil, Abbott Rubber Company, and Goodall Hoses
We can help! Our analysts can customize this industrial hose market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Material
8 Market Segmentation by End-use
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
