Industrial Hose Market, by Material (Natural Rubber, Nitrile Rubber, Polyurethane, PVC), Media Type, Industry (Automotive, oil & gas, Chemicals, Pharmaceuticals, Infrastructure, food & beverages, agriculture), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), The global Industrial Hose Market size was valued at USD 13.08 Billion in 2020 and is projected to reach USD 20.07 Billion by 2028, growing at a CAGR of 5.52% from 2021 to 2028.
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A hose is a flexible hollow tube designed to carry fluids from one location to another. The shape of a hose is usually cylindrical having a circular cross section. Hose design is based on a combination of application and performance. Common factors considered for hose design are size, pressure rating, weight, length, and chemical compatibility. Applications mostly use nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers, based on the environment and pressure rating needed.
Increasing demand for robust industrial hoses in critical applications, and growing infrastructure-related developments are some of the factors that have supported long-term expansion for Industrial Hose Market.
Recent Developments
In April 2020, Continental AG (Germany) developed medical hoses needed in Bergamo and the Lombardy region’s medical sector at its Italian site in Daverio, Italy. PVC hose is suitable for the transport of air, oxygen, nitrous oxide, helium, and carbon dioxide.
In February 2020, NORRES GmbH (Germany) acquired the Swedish hose distributor Jarl Elmgren AB (“Jarl Elmgren”). This acquisition is in line with NORRES' internationalization strategy and represents a significant strengthening of the company's market position in Scandinavia.
Regional Analysis
The Asia Pacific region is expected to dominate the largest market share during the forecast period. India, China, and Japan represent the Industrial Hose Market, collectively considering for over 72% of the market value in the Asia Pacific.
Top Key Players of Industrial Hose Market
· Gates
· Eaton
· Parker Hannifin
· RYCO Hydraulics
· Transfer Oil S.p.A.
· Kuriyama of America, Inc.
· Kurt Manufacturing
· Piranha Hose Products
· NORRES
· Colex International and More
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Industrial Hose Market is segmented into material, media type, industry and region.
On the basis of Material
· Natural Rubber
· Nitrile Rubber
· PVC
· Silicone
· Polyurethane
On the basis of Media Type
· Water
· Oil
· Hot Water and Steam
· Air and Gas
· Food and Beverage
· Chemical
On the basis of Industry
· Automotive
· Infrastructure
· Oil & Gas
· Pharmaceuticals
· Food & Beverages
· Water & Wastewater
· Chemicals
· Mining
· Agriculture
· Others
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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