Press release
Industrial Hoses Market to Observe Surprising Growth of USD 21165.42 million by 2029 with Size Share, Key Players, revenue & Future Growth Outlook
Industrial Hoses Market
Global Industrial Hoses Market was valued at USD 12676.46 million in 2021 and is expected to reach USD 21165.42 million by 2030, registering a CAGR of 6.30% during the forecast period of 2022-2030. "Automotive" accounts for the largest application segment in the respective market owing to the increase in sales of vehicles due to high disposable income. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
List of the leading companies operating in the Industrial Hoses Market includes:
Eaton (Ireland)
PARKER HANNIFIN CORP (US)
RYCO Hydraulics (Australia)
Kurt Manufacturing (US)
NORRES Schlauchtechnik GmbH (Germany)
Transfer Oil S.p.A (Italy)
ContiTech AG (Germany)
Kanaflex Corporation Co.,ltd. (Japan)
Pacific Echo (US)
Colex International Limited, UK (UK)
Gates Corporation (US)
Semperit AG Holding (Austria)
KURIYAMA OF AMERICA, INC. (US)
Titeflex (US)
Trelleborg Group (Sweden)
Flexaust Inc. (US)
Salem-Republic Rubber Company (US)
PIRTEK (Australia)
Dixon Valve & Coupling Company, LLC (US)
Titan Fittings (US)
To Gain More Insights into the Market Analysis, Browse Summary of the Industrial Hoses Market Report@ https://www.databridgemarketresearch.com/reports/global-industrial-hose-market
Industrial Hoses Market Dynamics
Drivers:
Infrastructural Developments
The increase in number of infrastructure-related developments is one of the major factors driving the growth of Industrial Hoses market. The rise in infrastructure-related projects escalating private participation in infrastructure (PPI) to invest more generate more demand for hoses.
Use in Various Industrial Applications
The rise in demand for healthy Industrial Hoses in various applications accelerate the market growth. An industrial hose is widely used across wide range of industries for maximum transfer of fuel, chemicals, bulk materials, and air, among others.
Agricultural Exercises
The surge in use of Industrial Hoses due to increased agricultural exercises for satisfying the growing demand for food further influence the market. Also, rise in focus on the efficiency levels of Industrial Hoses made from different materials among end users assist in expansion of the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the Industrial Hoses market.
Opportunities
Furthermore, rise in demand for automobiles among population extend profitable opportunities to the market players in the forecast period of 2022 to 2030. Also, increase in modernization of agriculture processes will further expand the market.
Recent Developments
Continental AG developed medical hoses needed in Bergamo in April'2020. Also, they developed Lombardy region's medical sector at its Italian site in Daverio, Italy. PVC hose is considered an ideal fit for the transport of oxygen, helium, carbon dioxide, air and nitrous oxide.
NORRES GmbH acquired the Swedish hose distributor Jarl Elmgren AB in February'2020. The acquisition aims at strengthening of the company's market position in Scandinavia, and is in line with NORRES' internationalization strategy.
Industrial Hoses Market Segmentation:
Type
Hydraullic Hoses
Layflat Hose
Wras Hose
Oil Resistant Hose
Corrugated Hoses
Stripwound
Thermo-Duct
Others
Material Type
Rubber
Polyurethane
Polyvinyl Chloride
Metal
Thermoplastics
Composite
Silicone
Others
Media
Oil
Water
Gas
Wire Type
Wire Braided
Spiral Wire
Pressure
Low Pressure (Less Than 3000 Psi)
Medium Pressure (Between 3000 to 6000)
High Pressure (More Than 6000)
Industry
Oil and Gas
Water
Agriculture
Food and Beverages
Pharmaceuticals
Automotive
Mining
Others
Table of Content: Global Industrial Hoses Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Global Industrial Hoses Market, Component
7 Global Industrial Hoses Market, End-User
8 Global Industrial Hoses Market, Insurance Application
9 Global Industrial Hoses Market, Deployment Type
10 Global Industrial Hoses Market Organization Size
10 Global Industrial Hoses Market, By Region
11 Global Industrial Hoses Market, Company Landscape
12 SWOT Analysis
13 Company Profile
14 Questionnaire
15 Related Reports
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