Industrial Hose Market Outlook
According to the report by Expert Market Research (EMR), the global industrial hose market size is projected to grow at a CAGR of 3.9% between 2024 and 2032. Aided by the expanding industrial sector, increasing infrastructural development, and the growing adoption of advanced machinery and equipment across diverse industries, the market is expected to grow significantly by 2032.
Industrial hoses, recognised for their durability and versatility, are employed to transfer fluids, gases, and granular materials between equipment and systems in various industrial setups. They are designed to withstand challenging operational conditions, making them suitable for applications ranging from fluid handling and steam ventilation to specialised tasks like material conveying in heavy machinery. Made primarily from rubber, PVC, silicone, and stainless steel, these hoses are tailored to meet the specific requirements of numerous industries, including oil & gas, chemicals, food & beverages, and agriculture.
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The ever-growing demand for energy has propelled the oil and gas industry to new heights. As this industry expands, the industrial hose market demand is anticipated to witness a heightened growth in the forecast period, especially those resistant to high temperatures and pressures, ensuring safe and efficient fuel transport. The chemical industry, with its requirement for hoses that can handle corrosive substances, further amplifies the demand.
The increasing focus on sanitation and hygiene in the food & beverage sector is pushing the demand for FDA-approved industrial hoses that can ensure contamination-free fluid transfer. These hoses, resistant to the corrosive nature of certain foods and beverages, play a pivotal role in maintaining product quality.
According to the industrial hose market analysis, as urbanisation accelerates, construction and infrastructure projects are on the rise. The requirement for durable hoses in concrete and plaster applications, as well as in air and water supply, is thus surging. The agriculture sector, too, with its extensive irrigation needs, depends heavily on industrial hoses, further bolstering market growth.
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Technological advancements and continuous research and development have led to the introduction of lightweight, flexible, and more durable hoses, influencing the industrial hose market outlook. Innovations like smart hoses equipped with sensors to monitor wear and tear or detect potential leakages offer added safety and are rapidly gaining traction in critical applications.
The ongoing transition towards sustainable manufacturing practices has spurred the demand for eco-friendly hoses. Made from bio-based materials, these hoses aim to reduce the carbon footprint of industries, aligning with global sustainability goals.
Regionally, while North America and Europe account for a significant portion of the industrial hose market share, owing to their advanced industrial sectors, Asia Pacific, led by countries like China and India, presents a burgeoning market. As these nations undergo rapid industrialisation, their demand for industrial hoses, essential for various manufacturing processes, is escalating.
Industrial Hose Market Segmentation
The market can be divided based on material, media, industry, and region.
Market Breakup by Material
- Synthetic Rubber
- Polyvinyl Chloride (PVC)
- Natural Rubber
Market Breakup by Media
- Air and Gas
- Water and Steam
- Food and Beverage
Market Breakup by Industry
- Chemicals and Pharmaceuticals
- Oil and Gas
- Food and Beverages
- Water and Wastewater
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global industrial hose market. Some of the major players explored in the report by Expert Market Research are as follows:
- Eaton Corporation plc
- Gates Industrial Corporation plc
- Parker-Hannifin Corporation
- Transfer Oil S.p.A.
- Kurt Manufacturing Company
- Piranha Hose Products, Inc.
- NORRES Schlauchtechnik GmbH
- Colex International Ltd.
- Kuriyama Holdings Corporation
- ALMAPlast S.r.l.
- Griflex Limited
- REHAU Industries SE & Co. KG
- Danfoss A/S
- RR Italia SPA
- Alfaflex NV
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