Press Release
Press Release
The demand for industrial hoses is experiencing a continuous rise due to their extensive array of applications involving air, abrasive materials, mineral oils, water, technical and household gases, steam, fuels, and various other substances. The industrial hose market demand is further fuelled by ongoing technological advancements, which enhance the capabilities and offerings of industrial hose products.
Industrial hoses are employed for transferring a variety of substances, including fluids, chemicals, air, water, and oil, from one location to another. There is also a substantial demand for durable industrial hoses, particularly in critical applications such as those involving high temperatures, high pressures, chemical reactions, and vacuum conditions.
The Asia Pacific is expected to continue its position as the primary market leader in the forecast period. Specifically, India, China, and Japan collectively hold a significant position in the Asia Pacific market. The strong levels of activity within the construction and industrial sectors in the region play a pivotal role in propelling the market growth. China is renowned as one of the world's foremost manufacturers of construction equipment, further solidifying the region's standing in the market.
Eaton Corporation PLC (NYSE: ETN) stands out as one of the leading players in the market. The company provides industrial hose products made from a range of different compounds and reinforcements, and these products can be customised with specific colours and branding for easy and rapid identification. Additionally, Eaton operates a state-of-the-art manufacturing facility located in Cerkezkoy, Turkey, boasting an impressive size of over 1 million square feet dedicated to hose production. This facility is one of the largest industrial hose manufacturing plants in the world.
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The major players in the global industrial hose market include 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., and Alfaflex NV, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Material |
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Breakup by Media |
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Breakup by Industry |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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