Press Release

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

North America Industrial Hose Market to Grow at a CAGR of around 3.6% During 2022-2027, Aided by the Rising Demand for the Product in the Automotive Sector

According to a new report by EMR titled, ‘North America Industrial Hose Market Report and Forecast 2022-2027’, the market attained a value of almost USD 2.46 billion in 2020. The North America market for industrial hose is further expected to grow at a CAGR of around 3.6% between 2022 and 2027.

The thriving automotive industry in North America is generating a significant demand for industrial hoses. The robust development of automobile manufacturing facilities in the region is propelling the demand for hoses to facilitate high-pressure operations smoothly such as welding. Over the forecast period, the increasing sales of electric vehicles in the region are anticipated to support the market growth. Meanwhile, the rising investment in the infrastructure development projects, owing to the rapid urbanisation and rising population, is anticipated to be a major driving factor for the industrial hose industry growth. Moreover, the increasing use of industrial hoses for media routing applications in the food and beverage and agriculture sectors, among others, is likely to accelerate the market growth in the coming years. Furthermore, a hydraulic hose is a crucial component in the oil and gas industry as it helps in shifting the oil pressure to power the machine. In this regard, the increasing investments in the oil and gas sector, owing to the increasing demand for crude oil in the region, are likely to garner the market growth in the forecast period.

In May 2020, Eaton Corporation PLC (NYSE: ETN) announced the launch of new thermoplastic hydraulic hoses and fittings in the Synflex Optimum family, aimed towards improving hydraulic system performance, simplifying assembly, and optimising inventory for demanding applications. The product can be applied in several applications including aerial lifts, agriculture and construction machinery, forestry equipment, and lift trucks, among others, owing to the high abrasion resistance and wide range of pressure it offers. Such developments are expected to support the growth of the industrial hose industry in the forecast period.

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

  • The market is segmented, based on material, into rubber, polyvinyl chloride (PVC), silicone, and polyurethane, among others.
  • Based on media, the market has been segmented into air and gas, chemical, oil, water and steam, and food and beverage.
  • On the basis of industry, the market can be segregated into agriculture, automotive, oil and gas, food and beverages, chemical and pharmaceuticals, water and wastewater, and construction and mining, among others.
  • Region-wise, the North America market for industrial hose can be divided into the United States of America and Canada.

Key Findings of the Report:

  • The industrial hose industry in North America is being driven by the increasing application of the product in the automotive sector. 
  • The rising demand for industrial hose in the oil and gas sector, owing to the increasing demand for crude oil and crude oil-based products, is likely to drive the market in the coming years. 
  • The progressive product launches by the leading market players in the region, such as the new thermoplastic hose for various applications, are anticipated to spearhead the market growth in the forecast period.
  • The market is anticipated to be aided by the growing government expenditure on infrastructure development and urbanisation projects.

Key Offerings of the Report:

  • The EMR report gives an overview of the North America market for industrial hose for the periods (2017-2021) and (2022-2027). 
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the materials, media, industries, and 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.

The major players in the North America industrial hose market are Eaton Corporation, Parker Hannifin Corporation, Gates Industrial Corporation, Kurt Manufacturing Company, HBD Industries Inc., NovaFlex Group, Kuriyama of America, Inc., and Copper State Rubber, Inc, 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.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER