Global Industrial Hose Market to Grow at a CAGR of 3.9% During 2024-2032, Aided by Increasing Use of Industrial Hoses in Various End-Use Sectors

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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Market Breakup by Material, Media, Industry, and Region:

• The market is segmented based on material into synthetic rubber, polyvinyl chloride (PVC), natural rubber, silicone, and polyurethane.

• Based on media, the market is categorised into air and gas, oil, water and steam, chemical, and food and beverage.

• Based on industry, the market is segmented into automotive, chemicals and pharmaceuticals, infrastructure, oil and gas, food and beverages, water and wastewater, mining, and agriculture, among others.

• Region-wise, the global market for industrial hose can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The industrial hose market growth is being propelled by a rising need for durable industrial hoses in critical applications and the ongoing development of infrastructure projects. Furthermore, the global demand for automobiles is on the rise, and the modernisation of agricultural processes is increasing. These factors are expected to create significant growth opportunities for market players in the forecast period.

• The robust growth of the chemical industry due to several factors, including the expanding utilisation of chemical hoses in chemical processing, as well as the transfer and loading/unloading of liquid chemicals for various technological processes within the chemicals, food, and pharmaceutical sectors are expected to act as a catalyst for the growth of the market in the coming years.

• Prior to selecting hoses, customers carefully evaluate several crucial criteria, including resistance to catastrophic failure, permeability, compatibility with chemicals, tolerance for temperature extremes, suitability for external environmental conditions, and vacuum capabilities, among others. Leading players in the market are continuously introducing cutting-edge products designed for mission-critical applications, thereby driving the demand for durable hoses.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for industrial hose for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the materials, media, industries, and major regions of industrial hose.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models, and value chain analysis of the industrial hose market.

• The market report also analyses the trade data by covering the major importing and exporting countries.

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.

Key Highlights of the Report

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