NEW YORK, March 10, 2023 /PRNewswire/ — According to Technavio, the global industrial hose market size is estimated to grow by USD 2592.01 million from 2022 to 2027. The market is estimated to grow at a CAGR of 4.43% during the forecast period. The increasing demand for PVC is significantly driving the demand for the market. However, factors like competition from local vendors may impede the growth of the market growth during the forecast period.
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Industrial Hose Market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on application (oil and gas, chemicals, food and beverages, automotive, and others), material (polyurethane, polyvinyl chloride, silicone, rubber, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
- The market share growth of the oil and gas segment will be significant during the forecast period. The growing oil and gas extraction activities in the US and the Middle East will drive the use of industrial hoses during the forecast period.
- Industrial hoses are used to transmit oil and other petroleum products both on land and ocean.
- Hence, the increasing number of oil and gas extraction activities in the Middle East and the US will drive the use of industrial hoses during the forecast period.
Geography Overview
By geography, the global industrial hose market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global industrial hose market.
- APAC is estimated to contribute to 53% of the market growth during the forecast period. The growth in the automotive, construction, agriculture, food and beverages, and chemical sectors in the region is driving market growth.
- High demand for industrial hoses in countries like China, Vietnam, Japan, and India will significantly contribute to the regional market growth during the forecast period.
- Factors like growing urban population, rising disposable income, and growing pharmaceutical industry are expected to act as key contributors to the market growth.
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Industrial Hose Market – Market Dynamics
Key factor driving market growth
- The increased demand for PVC is a major driver for the industrial hose market growth during the forecast period.
- It is predominantly used in end-user industries like automotive, pharmaceutical, infrastructure, oil and gas, food and drinks, mining, and water, among others.
- PVC is known to be cost-effective, durable, flexible, and exhibits high tensile strength.
- Owing to the wide range of applications of PVC, the demand for the industrial hose market is expected to grow.
Leading trends influencing the market
- The increasing demand for hydraulic rubber hoses in the agricultural sector is a leading trend in the global market.
- These hoses, used in machinery are known to significantly improve the agricultural process.
- In the agricultural industry, industrial hoses are used in pneumatic grain conveyor systems and irrigation.
- The rapid increase in food consumption drives the global agriculture industry. This is forcing farmers to improve crop yield by using new methods, including hydraulic rubber hoses.
Major challenges hindering the market growth
- The fluctuations in raw-material prices may impede the growth of the segment during the forecast period.
- Owing to the systematic demand-supply imbalance in the global rubber market, there could be significant fluctuations in the prices.
- These price fluctuations may affect production costs and reduce the vendors’ profit margins.
- Steel is another raw material used in the production of industrial hoses. Steel prices may fluctuate because of the price fluctuation in raw materials and excess steel production.
To know more about other drivers, trends, and challenges, historic period (2017 to 2021), and Forecast (2023 to 2027)- Request a sample report!
What are the key data covered in this Industrial Hose Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the industrial hose market between 2023 and 2027
- Precise estimation of the industrial hose market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the industrial hose market industry across APAC, North America, Europe, Middle East and Africa, and South America
- A thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of industrial hose market vendors
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Industrial Hose Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.43% |
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Market growth 2023-2027 |
USD 2,592.01 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
3.97 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 53% |
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Key countries |
US, China, Japan, India, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Bridgestone Corp., Continental AG, Eaton Corp. Plc, Flexaust Inc., Gates Industrial Corp. Plc, Hose Master LLC, Kanaflex Corp. Co. Ltd., Kuriyama of America Inc., Kurt Manufacturing, NORRES Schlauchtechnik GmbH, Pacific Echo Inc., Parker Hannifin Corp., RYCO Hydraulics Pty Ltd., Salem Republic Rubber Co., Semperit AG Holding, Smiths Group Plc, Sun Flow Inc., Transfer Oil Spa, Trelleborg AB, and UIP International Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio Industrials market reports
Table of Contents
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 – 2025
- Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition – Five forces 2020
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 15: Application – Market share 2020-2025 (%)
- 5.2 Comparison by Application
- Exhibit 16: Comparison by Application
- 5.3 Oil and gas – Market size and forecast 2020-2025
- Exhibit 17: Oil and gas – Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Oil and gas – Year-over-year growth 2020-2025 (%)
- 5.4 Chemicals – Market size and forecast 2020-2025
- Exhibit 19: Chemicals – Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Chemicals – Year-over-year growth 2020-2025 (%)
- 5.5 Food and beverages – Market size and forecast 2020-2025
- Exhibit 21: Food and beverages – Market size and forecast 2020-2025 ($ million)
- Exhibit 22: Food and beverages – Year-over-year growth 2020-2025 (%)
- 5.6 Automotive – Market size and forecast 2020-2025
- Exhibit 23: Automotive – Market size and forecast 2020-2025 ($ million)
- Exhibit 24: Automotive – Year-over-year growth 2020-2025 (%)
- 5.7 Others – Market size and forecast 2020-2025
- Exhibit 25: Others – Market size and forecast 2020-2025 ($ million)
- Exhibit 26: Others – Year-over-year growth 2020-2025 (%)
- 5.8 Market opportunity by Application
- Exhibit 27: Market opportunity by Application
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 29: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 30: Geographic comparison
- 7.3 APAC – Market size and forecast 2020-2025
- Exhibit 31: APAC – Market size and forecast 2020-2025 ($ million)
- Exhibit 32: APAC – Year-over-year growth 2020-2025 (%)
- 7.4 North America – Market size and forecast 2020-2025
- Exhibit 33: North America – Market size and forecast 2020-2025 ($ million)
- Exhibit 34: North America – Year-over-year growth 2020-2025 (%)
- 7.5 Europe – Market size and forecast 2020-2025
- Exhibit 35: Europe – Market size and forecast 2020-2025 ($ million)
- Exhibit 36: Europe – Year-over-year growth 2020-2025 (%)
- 7.6 MEA – Market size and forecast 2020-2025
- Exhibit 37: MEA – Market size and forecast 2020-2025 ($ million)
- Exhibit 38: MEA – Year-over-year growth 2020-2025 (%)
- 7.7 South America – Market size and forecast 2020-2025
- Exhibit 39: South America – Market size and forecast 2020-2025 ($ million)
- Exhibit 40: South America – Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 41: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 42: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- Exhibit 43: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Competitive Scenario
- 9.2 Overview
- Exhibit 44: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 45: Landscape disruption
- Exhibit 46: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 47: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 48: Market positioning of vendors
- 10.3 Bridgestone Corp.
- Exhibit 49: Bridgestone Corp. – Overview
- Exhibit 50: Bridgestone Corp. – Business segments
- Exhibit 51: Bridgestone Corp. – Key news
- Exhibit 52: Bridgestone Corp. – Key offerings
- Exhibit 53: Bridgestone Corp. – Segment focus
- 10.4 Continental AG
- 10.5 Eaton Corp. Plc
- Exhibit 58: Eaton Corp. Plc – Overview
- Exhibit 59: Eaton Corp. Plc – Business segments
- Exhibit 60: Eaton Corp. Plc – Key news
- Exhibit 61: Eaton Corp. Plc – Key offerings
- Exhibit 62: Eaton Corp. Plc – Segment focus
- 10.6 Gates Industrial Corp. Plc
- Exhibit 63: Gates Industrial Corp. Plc – Overview
- Exhibit 64: Gates Industrial Corp. Plc – Business segments
- Exhibit 65: Gates Industrial Corp. Plc – Key offerings
- Exhibit 66: Gates Industrial Corp. Plc – Segment focus
- 10.7 Kanaflex Corp. Co. Ltd.
- Exhibit 67: Kanaflex Corp. Co. Ltd. – Overview
- Exhibit 68: Kanaflex Corp. Co. Ltd. – Product and service
- Exhibit 69: Kanaflex Corp. Co. Ltd. – Key offerings
- 10.8 Kurt Manufacturing
- Exhibit 70: Kurt Manufacturing – Overview
- Exhibit 71: Kurt Manufacturing – Product and service
- Exhibit 72: Kurt Manufacturing – Key offerings
- 10.9 Parker Hannifin Corp.
- Exhibit 73: Parker Hannifin Corp. – Overview
- Exhibit 74: Parker Hannifin Corp. – Business segments
- Exhibit 75: Parker Hannifin Corp. – Key news
- Exhibit 76: Parker Hannifin Corp. – Key offerings
- Exhibit 77: Parker Hannifin Corp. – Segment focus
- 10.10 RYCO Hydraulics Pty Ltd.
- Exhibit 78: RYCO Hydraulics Pty Ltd. – Overview
- Exhibit 79: RYCO Hydraulics Pty Ltd. – Product and service
- Exhibit 80: RYCO Hydraulics Pty Ltd. – Key offerings
- 10.11 Semperit AG Holding
- Exhibit 81: Semperit AG Holding – Overview
- Exhibit 82: Semperit AG Holding – Business segments
- Exhibit 83: Semperit AG Holding – Key offerings
- Exhibit 84: Semperit AG Holding – Segment focus
- 10.12 Smiths Group Plc
- Exhibit 85: Smiths Group Plc – Overview
- Exhibit 86: Smiths Group Plc – Business segments
- Exhibit 87: Smiths Group Plc – Key news
- Exhibit 88: Smiths Group Plc – Key offerings
- Exhibit 89: Smiths Group Plc – Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Currency conversion rates for US$
- Exhibit 90: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 91: Research Methodology
- Exhibit 92: Validation techniques employed for market sizing
- Exhibit 93: Information sources
- 11.4 List of abbreviations
- Exhibit 94: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Originally published at https://www.prnewswire.com/news-releases/industrial-hose-market-to-grow-at-a-cagr-of-4-43-from-2022-to-2027–driven-by-the-growing-demand-for-pvc—technavio-301768160.html
