Europe Industrial Hoses Market Size, CAGR of 5.5%, Industry Analysis, Trends, Major Players and Forecast 2022-2030

The world class "Europe Industrial Hoses Market" research report shares detailed information about the key factors influencing the growth of the Market (growth potential, opportunities, drivers, industry-specific challenges and risks). Moreover, it projects the consumption of submarkets with respect to key regions (along with their respective key countries). This Market document also analyzes competitive developments such as expansions, agreements, new product launches, and acquisitions in the market. It strategically profiles the key players and comprehensively analyzes their growth strategies. keyword Market analysis document is the perfect Market research study which helps clients to map their needs. 

A detailed keyword Market research study focuses on several essential parameters and examines competitive landscape, brief segmentation and industrial infrastructure. This industry analysis report is specifically designed with a set of proven guidelines and methodologies. It also offers proper direction for important firms and individuals interested in strengthening their position in the Market internationally. The report explains key elements such as revenue, business distribution, Market share, shipment, gross profit etc. that help readers to understand more information about industry competitors. An in-depth overview of the This industry is coupled with all applications, development technology, and definition.

Data Bridge Market Research analyzes that the Europe industrial hoses market is expected to reach a value of USD 4,841.23 million by 2030, at a CAGR of 5.5% during the forecast period. This market report also comprehensively covers pricing analysis, patent analysis, and technological advancements. 

Top Key Players Mentioned in the Europe Industrial Hoses Market Research Report:

Eaton
PARKER HANNIFIN CORP
RYCO Hydraulics
Kurt Manufacturing
NORRES Schlauchtechnik GmbH
Transfer Oil S.p.A
ContiTech AG (A Subsidiary of Continental AG)
Kanaflex Corporation Co.,ltd., Pacific Echo
Colex International Limited
UK, Gates Corporation
Semperit AG Holding
Dixon Valve & Coupling Company
LLC and Titan Fittings among others.

Read Detailed Index of full Research Study @: https://www.databridgemarketresearch.com/reports/europe-industrial-hose-market

Recent Developments

In July 2021, NORRES Schlauchtechnik GmbH, a manufacturer, developer and distributor of flexible hose system solutions, acquired Baggerman Group ("Baggerman"), a manufacturer and distributor of industrial hoses, couplings and accessories. This acquisition would help the company to increase its Europe presence and also help expand the market.

In September 2020, KURIYAMA OF AMERICA company developed a new product called Tigerflex Tiger Aquaâ" Suction and Discharge Hose. This new addition of a product would not only improve the product portfolio of the company but also help in boosting overall sales.

Europe Industrial Hoses Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail below:

Drivers

High Demand for PVC Hose Materials

In recent days, industrial hoses of PVC material are becoming prominent in automotive, pharmaceuticals, infrastructure, oil and gas, food and beverages, mining, water, agriculture and other industries for manufacturing and using tubes and pipes for the transportation of air, water, chemicals, fluids from one end to another.

The demand is getting increased day by day owing to their wide range of applications, such as air, abrasive products, mineral oils, water, technical and domestic gases, steam, fuels and others. Technological development is helping industrial hoses product supplement the market growth.

Increasing Need for Durable Industrial Hoses in Critical Applications

The application of industrial hoses includes moving fluids, chemicals, air, water, oil and other materials from one place to another. There is a significant demand for robust industrial hoses in the market in crucial applications like high temperature, high pressure, chemical reaction and vacuum.

Before choosing the hoses, the customers must consider a number of important criteria, including catastrophic failure, permeability, chemical compatibility, temperature, external environment, vacuum and others. The major players in the market are releasing cutting-edge products for mission-critical uses, which is fueling the demand for durable hoses in the industry.

Opportunity

Growing Adoption of Hoses in Automobiles Sectors

Automobiles consist of complex internal structures and systems with various components intact. The integration of these systems and components allows the automobile to operate as an efficient machine. In automobiles, hoses play an important role as it is used as an engine cooling system, in a brake oil carrier, as a fuel carrier, in air conditioning and in other parts of the vehicle. In the design of an engine cooling system, hoses of various types are used for coolant circulation. These hoses are of different material properties as some are designed to withstand the heat of coolant, whereas others can take just cold coolant. This increases the importance of hoses in automobiles and the market growth is directly affected by the growth of the automobile industry. As the automobile sector in the EV industry is showing enormous growth over the years owing to rising demand for vehicles and electric vehicles, this is expected to provide lucrative opportunities for market growth.

Restraint/Challenge

Limitations of Industrial Hoses in Various Applications

An industrial hose is extensively used across various industries for optimum operating efficiency and transfer of fuel, chemicals, bulk materials and air among others. Although the industrial applications of industrial hoses continue to expand, the end users are increasingly focusing on the efficiency levels of industrial hoses. However, industrial hoses pose various challenges in various system environments such as temperature range and this results in hampering the overall performance and efficiency of the system. The characteristic limitation of industrial hoses is expected to hamper the market growth. Many end users and businesses tend towards alternatives to hoses due to their limitations.

Post-COVID-19 Impact on Europe Industrial Hoses Market

The industrial hoses industry noted a gradual decrease in demand due to lockdown and COVID-19 governmental laws, as manufacturing facilities and services were closed. Moreover, the industry was also affected by the halt of the supply chain especially of raw materials used in the manufacturing process of industrial hoses. As industrial hose production slowed down owing to the restrictions by governments across the globe, the production was not meeting the demand in the first three quarters of 2020. Moreover, high demand/requirement for industrial hose products in the chemical, pharmaceutical and agriculture sector and hydraulics applications has been witnessed. The resuming production of the oil and gas industry and automotive further fueled the rising demand for industrial hoses across the globe. Thus, this not only led to a hike in the demand but also increased the cost of the product.

Based on the Europe Industrial Hoses Industry Market Segmentations:

BY TYPE

Hydraulic Hoses
WRAS Hoses
Oil Resistant Hoses
Layflat Hoses
Stripwound and Corrugated Hoses
Thermo-Duct
Others

BY MATERIAL TYPE

Silicone
Polyvinyl Chloride
Polyurethane
Nitrile Rubber
Elastomers
Thermoplastics
Metal
Composite
Others

BY MEDIA

Oil
Water
Gas

BY WIRE TYPE

Spiral Wire
Wire Braided

BY PRESSURE

Low Pressure (Less Than 3000 Psi)
Medium Pressure (Between 3000 To 6000)
High Pressure (More Than 6000)

BY INDUSTRY

Automotive
Pharmaceuticals
Oil And Gas
Food And Beverages
Water
Mining
Agriculture
Others

Europe Industrial Hoses Market Regional Analysis:

North America: (United States, Canada, Europe, Germany, France, U.K., Italy, Russia)

Asia-Pacific: (China, Japan, South Korea, Australia, Taiwan, Indonesia, Thailand, Malaysia)

Latin America: (Mexico, Brazil, Argentina, Colombia)

Middle East & Africa: (Turkey, Saudi Arabia, UAE)

Table of Contents

1 Introduction

2 Market Segmentation

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Global Europe Industrial Hoses Market, By Deployment Type

7 Global Europe Industrial Hoses Market, By Enterprise Size

8 Global Europe Industrial Hoses Market, By Sales Channel

9 Global Europe Industrial Hoses Market, By Application

10 Global Europe Industrial Hoses Market, By Region

11 Global Europe Industrial Hoses Market, Company Landscape

12 Swot Analysis

13 Company Profile

14 Questionnaire

15 Related Reports

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