DUBLIN, May 15, 2023 /PRNewswire/ — The “Global Industrial Hose Market Report and Forecast 2023-2028” report has been added to  ResearchAndMarkets.com’s offering.
According to the report, the global industrial hose market attained a value of USD 12969 million in 2022.
Aided by the increasing demand from various end-use industries such as oil and gas, chemicals, food and beverages, and construction, the market is projected to further grow at a CAGR of 3.8% between 2023 and 2028 to reach a value of USD 16238.39 million by 2028.
Industrial hoses are flexible, hollow tubes designed to transfer fluids, gases, and granular materials from one location to another. They are commonly used in oil and gas, chemicals, food and beverages, construction, and agriculture industries, among others. The growth of the industrial hose market is primarily driven by the increasing demand from various end-use industries. The expansion of oil and gas exploration activities and the increasing demand for energy are expected to boost the demand for industrial hoses in this sector.
Similarly, the chemical industry relies on industrial hoses for the safe transfer of various chemicals and solvents. The growing chemical industry, especially in emerging economies, is expected to contribute to the growth of the industrial hose market. Moreover, the food and beverage industry requires specialised hoses that meet strict hygiene and safety standards for the transfer of food products, potable water, and other consumables. The growth of the food and beverage industry is expected to further propel the demand for industrial hoses.
The construction industry also contributes significantly to the growth of the industrial hose market. Industrial hoses are used in various construction applications, such as concrete placement, plastering, and grouting. The increasing number of construction projects, infrastructure development, and urbanisation in developing countries are likely to boost the demand for industrial hoses in the construction sector. Another factor driving the growth of the industrial hose market is technological advancements in hose materials and designs. These advancements have expanded the range of applications for industrial hoses, further fuelling market growth. Additionally, the increasing focus on preventive maintenance and the need to reduce downtime in various industries are expected to contribute to the growth of the market.
Regular maintenance and replacement of hoses can help prevent equipment failures and costly production downtime, leading to a growing demand for high-quality industrial hoses. The industrial hose market is also influenced by the implementation of stringent regulations and industry standards related to hose safety and performance. These regulations are expected to drive the demand for high-quality, compliant hoses, further propelling the growth of the market.
Market Segmentation
The market can be divided on the basis of material, media, industry, and region.
Market Division by Material:
- Synthetic Rubber
- Polyvinyl Chloride (PVC)
- Natural Rubber
- Silicone
- Polyurethane
Market Segregation by Media:
- Air and Gas
- Oil
- Water and Steam
- Chemical
- Food and Beverage
Market Segmentation by Industry:
- Automotive
- Chemicals and Pharmaceuticals
- Infrastructure
- Oil and Gas
- Food and Beverages
- Water and Wastewater
- Mining
- Agriculture
- Others
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global industrial hose companies. Some of the major key players explored in the report 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
- Others
Key Topics Covered:
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
4 Key Assumptions
5 Executive Summary
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Industrial Hose Market Analysis
9 North America Industrial Hose Market Analysis
10 Europe Industrial Hose Market Analysis
11 Asia Pacific Industrial Hose Market Analysis
12 Latin America Industrial Hose Market Analysis
13 Middle East and Africa Industrial Hose Market Analysis
14 Market Dynamics
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 4009)
17 Price Analysis
18 Competitive Landscape
19 Key Trends and Developments in the Market
Companies Mentioned
- 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.
For more information about this report visit https://www.researchandmarkets.com/r/ftmk6a
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