Hoses Market 14.81 Billion USD by 2023 | Industry Key Players - Semperit Group, Trelleborg, Transfer Oil S.P.A, PIX Europe Ltd. and US Hose

A hose is a flexible hollow tube structure designated to carry fluids from one location to another. Hoses usually have circular cross section and are also known as flexible pipes or tubing. Typically, a hose is designed based on various parameters such as type of application, performance etc. Common factors associated with hoses are, pressure rating, size, length, weight, straight/coilhose, compatibility with chemicals etc. Hoses are used for a wide range of applications including household applications, industrial applications, agricultural applications, building and construction applications, automotive applications, medicine and chemistry applications etc.

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The Global Hoses Market is expected to grow at a substantial growth rate in the near future owing to the increased demand for hoses particularly from agricultural and industrial applications. In hoses are extensively used in gardens for watering gardens or lawns or convey water to sprinklers. Hoses are also used for firefighting applications for water delivery. In automotive applications hoses are used in lubrication, cooling and hydraulic applications. Also hoses are used to carry fuel. Hydraulic circuits are an important part of heavy machinery where most of the force applied is with the help of hydraulic pressure. Hoses can be made of plastic or rubbers. The demand for rubber hoses are anticipated to increase due to increase in industrial activity and the demand for plastic hoses are expected to grow on account of growing construction activities across the globe.

Hoses form an important part of automobiles. It is used in the lubrication circuits, cooling circuits and other hydraulic circuits. With the growing demand for automobiles across the globe, the demand for hoses is also expected to increase in the next few years. Lubrication circuits form an integral part of an automobile, where the lubricants are transported to engine and other parts in order to reduce friction and increase its efficiency. Hoses play an important part of transporting the lubricants to its intended area of use. With growing concerns over emission norms and overall vehicular efficiency, the demand for hoses used in lubrication circuits are expected to witness strong growth in the next few years. There has been a growing demand for automobiles especially from the emerging economies such as China, India, Brazil, Russia and South Africa. Moving forward, the demand for automobiles in these regions is anticipated to grow at a robust growth which in turn is expected to propel the demand for hoses used in automobile applications. Hoses are also extensively used in construction machinery and industrial machinery.

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Construction machinery such as excavators, tractors, loaders make extensive use of hydraulic circuits. This hydraulic fluid is conveyed using various hoses throughout the machinery. With growing construction and mining activities across the globe are expected to drive the market for hoses across the globe. The growth in industrial production is expected to increase the demand for machinery across the globe. This increase in demand for machinery will consequently increase the demand for industrial hoses.

In terms of demand Asia-Pacific was the largest market for hoses followed by North America and Europe. Asian countries such as China, India dominated the demand for hoses in Asia Pacific on account of growing industrial, agricultural and construction activities in this region. In North America, U.S was the major market followed by Canada and Mexico. The demand for hoses is expected to witness strong growth from countries such as Brazil, Indonesia, Russia etc. in the next few years. The demand for hoses from Europe is also expected to be high on account of growing automotive demand in this region.

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Some of the major companies operating in the global hoses market are Semperit Group, Trelleborg, Transfer Oil S.P.A, PIX Europe Ltd. and US Hose Corporation among others.

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