Press release
Hoses Market Size, Share, Growth and Trends, Applications Industry Report 2024-2031
The growing demand for industrial hoses for essential uses in a variety of sectors, as well as growing infrastructure-related projects and rising demand for PVC material, are among the primary drivers expected to drive market expansion during the forecast period.Hoses are used in a variety of industrial sectors to prevent fatal incidents and to enable seamless material handling in harsh environmental and operating circumstances. During the forecast period 2023-2030, the automotive segment is estimated to account for around 1/3rd of the global hoses market. Increasing vehicle sales due to individuals' high disposable income and purchasing power are driving market expansion in the automotive segment.
Market Trends :
Technological AdvancIements Material science advances have resulted in the creation of new and advanced materials for hose manufacture. Advances in hose production methods, like the development of composite materials, continue to drive the industrial hose market forward. The use of composite materials in hose manufacture has resulted in lightweight, durable hoses that are resistant to chemicals, temperature and pressure.
As people become more concerned about industrial safety, there is an increased need for high-quality industrial hoses that can endure high pressure and temperature. In industrial situations, the usage of substandard hoses can lead to accidents and injuries. As a result, companies are increasing their investments in high-quality hoses to protect the safety of their employees and equipment.
As people become more concerned about industrial safety, there is an increased need for high-quality industrial hoses that can endure high pressure and temperature. In industrial situations, the usage of substandard hoses can lead to accidents and injuries. As a result, companies are increasing their investments in high-quality hoses to protect the safety of their employees and equipment.
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Market Segmentation :
During the forecast period, natural rubber is expected to hold more than 1/3rd of the global hoses market. Natural rubber is commonly utilized in the manufacture of hoses due to its high pressure and flexibility attributes. Rubber hoses have excellent adhesion, abrasion resistance, oil resistance, erosion resistance, ozone resistance and oxidation resistance.
Furthermore, it has a strong overall performance, low plasticity and a high elasticity property. Rubber hoses are made by combining vulcanized rubber and synthetic polymers. It is used to transport water, fuel, air and construction materials. Yokohama Rubber Co., Ltd., for example, developed a material in 2021 that significantly decreases the weight of automotive air-conditioning hoses. The rubber is predicted to lower the weight of the hoses by 50%.
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Competitive Landscape
The major global players include Eaton Corporation PLC, Continental AG, Transfer Oil S.p.A., Kurt Manufacturing, Kuriyama of America, Inc., Flexaust Inc., Parker-Hannifin Corporation, Ryco Hydraulics, Trelleborg Group and Gates Industrial Corporation PLC.
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