Industrial Hose Market Analysis Report (2019 - 2024)

Posted by kishore on February 10th, 2020

Market Overview

According to the research report, the size of the Industrial Hose Market size is expected to be valued at 13 billion by revenue in 2019 and expected to reach 17 billion by the end of 2024, with CGAR of 6% in the forecast period of 2019 - 2024.

The rising construction and real estate industry owing to economic stability and a gradual shift from traditional farming practices to mechanized farming are the factors that are driving the growth of the global industrial hose market. But the lack of product differentiation, shortage of product offerings and availability of affordable variants, especially in unorganized markets of emerging countries are the aspects that are hindering the global market.

Recent developments

• Eaton's aftermarket division reached a distribution contract with Bezares SA to become the North American distributor for its portable power hydraulic portfolio.
• Gates launched a new line of premium, multipurpose hydraulic hose to satisfy replacement market and OEM needs and is intended for apps across multiple sectors, such as agriculture, construction, mining, constructions, and other end-market apps.
• A new hydraulic hose series- GH681 by Eaton, which has high-efficiency and durability in environmentally severe applications such as small building machinery, agricultural cars, aerial lift platforms, and Forestry machines.

Market drivers and restraints

Rise in the adoption of the latest technology and recently developed cultivating techniques that are done by machines, technological advancements in various industries such as automotive, healthcare and many more are the reasons for the growth of the global industrial hose market. Moreover, the wide range of applications and options to choose from the various types of hoses is also boosting the usage of these products.

The lack of technicians who are aware of these industrial hoses and also the less reach to the end-user are the challenges that the global industrial hose market was facing.

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Report Segmented as

By Material:

• Natural Rubber
• Nitrile Rubber
• Polyvinyl Chloride(PVC)
• Silicone
• Polyurethane
• Others (EPDM, UPE)

By Media

• Chemical
• Water
• Oil
• Hot Water and Steam
• Air and Gas
• Food and Beverage

By Industry:

• Automotive
• Pharmaceuticals
• Infrastructure
• Oil & Gas
• Food & Beverages
• Chemicals
• Water & Wastewater
• Mining
• Agriculture
• Others

Geographical Analysis

• North America
• Europe
• Asia-Pacific
• South America
• Middle-East & Africa

Asia-Pacific is the region that has acquired the major share of the global industrial hose market in geographical segmentation. The growth of this region in the industrial hose business is due to the increasing urbanization, growing demand of automobiles, and modernization of agricultural procedures in countries like India, China, and Japan.

Key market players

1. Gates(US)
2. Eaton(Ireland)
3. Parker Hannifin(US)
4. RYCO Hydraulics(Australia)
5. Kurt manufacturers(US)
6. NORRES(Germany)
7. Piranha Hose Products(US)
8. Transfer Oil S.p.A(Italy)
9. Colex International(UK)
10. Kanaflex Corporation(US)
11. Pacific Echo Inc.(US)
12. Merlett Technoplastic S.p.A(Italy)
13. Semperit(Austria)
14. Kuriyama of America Inc.(US)
15. Salem-Republic Rubber Company(US)

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