Press release
Industrial Hose Market Next Big Thing 2024 - 2031 | Gates Industrial Corporation plc, Eaton Corporation plc
Market Overview:Industrial hoses are flexible rubber or plastic tubes used to transfer liquids, gases or solids in various industrial applications such as manufacturing, construction, mining, chemicals, food and beverages. They help transfer fluids and convey materials safely and efficiently.
Market Dynamics:
The industrial hose market is expected to witness significant growth over the forecast period owing to rising manufacturing sector across the globe and increasing infrastructure development activities. The manufacturing sector is expanding rapidly in emerging economies such as China, India, Brazil, and Mexico. This is expected to drive demand for industrial hoses for fluid transfer in various industrial processes. Furthermore, rising mining and construction activities are also augmenting the market growth. Industrial hoses find wide applications in construction equipment for hydraulic operations and pneumatic applications. Rapid urbanization and infrastructure development projects in developing regions are fueling the demand.
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Increased focus on oil and gas sector driving market growth
The industrial hose market growth is significantly driven by the increasing oil and gas exploration and production activities globally. Hoses are extensively used in various applications in the oil and gas industry such as drilling activities, extraction, transportation, refining, and offshore operations. With rising energy demand and growing oil and natural gas exploration projects worldwide, the demand for hoses from the oil and gas industry has increased substantially. Various governments are also introducing new policies and incentives to boost domestic oil and gas production, which is further augmenting the demand. Moreover, exploration of unconventional reserves such as shale gas is also propelling the hose market as it requires high-pressure hoses for fracking and other applications.
Rising industrial activities propelling product adoption
Industrial hoses find widespread application in various manufacturing sectors such as food and beverages, chemicals, mining, construction, automotive, pharmaceuticals, power generation, pulp and paper, and metal processing. Growing industrialization in developing economies paired with capacity expansion in developed markets is driving the demand. Hoses are an integral part of material handling and process equipment in these industries. Rising population and improving economic conditions are positively impacting industrial production volumes globally, thus expanding the customer base for industrial hoses. Moreover, increasing mechanization and automation trends in manufacturing are also augmenting the product adoption.
Stringent regulations limiting usage of toxic materials
Many types of industrial hoses contain chemicals such as phthalates, lead, cadmium, and other heavy metals which can leach out and pollute the environment over time. Stringent environmental regulations around the world are limiting the use of toxic materials in industrial hoses. Various agencies such as EPA, REACH, and RoHS have imposed restrictions on certain hazardous substances. This is hampering the demand for conventional rubber and PVC hoses. Manufacturers are compelled to develop innovative hoses made from alternative materials that are compliant with regulations. The changing compliance landscape is challenging companies to invest in R&D for safer and more sustainable hoses.
Shift towards lightweight and durable materials opening new avenues
Tougher working conditions and competitive pressures are driving end-users to seek advanced materials in hoses with improved performance characteristics. Lightweight polymeric compounds with high strength, temperature resistance, and durability are gaining traction as an alternative to rubber and plastics. Materials like nitrile rubber, polyurethane, and specialty plastic compounds provide longer service life, reduce replacement costs, and improve productivity. Moreover, they are more compatible with varied chemical cargo as compared to standard hoses. The shift towards novel high-performance thermoplastic elastomers and composites is opening up new growth prospects for hose manufacturers. Leading players are particularly focusing on materials with enhanced durability against abrasion and flex fatigue.
Rise in mobile equipment rental services boosting aftermarket sales
Mobile equipment such as excavators, cranes, dumpers, and port machinery extensively use hydraulic, steam, air, and fuel hoses. With the construction, mining, and infrastructure development activities gaining momentum worldwide, the demand for rental of such equipment has increased significantly. Rental services help contractors to temporarily access equipment on an hourly or daily basis as per requirements without incurring huge capital investments. This has augmented the replacement demand for hoses in the aftermarket. Moreover, rented equipment operators expect higher life and efficiency from hoses. Hence, they prefer premium products with extended service intervals and performance warranties. The proliferating equipment rental market is thus fueling aftermarket sales of industrial hoses globally.
Top Companies Featured in This Report:
โ Gates Industrial Corporation plc
โ Eaton Corporation plc
โ Parker-Hannifin Corporation
โ Ryco Hydraulics
โ Transfer Oil S.p.A.
โ Kuriyama of America Inc.
โ Continental AG
โ Kurt Manufacturing
โ NORRES
โ Colex International
โ Sanipure Water Systems
โ Polyhose
โ Vardhman Hoses Pvt Ltd
โ Manuli Hydraulics
โ Bridgestone Hose Power
โ Kingdaflex Hydraulic Hose
โ Dunlop Hiflex
โ National Rubber Industries
โ Letone
โ Perfect Hydraulic India
Market Segmentation:
By Product Type:
โ By Material: Rubber, PVC, Silicone, Teflon, Others
โ By Media Type: Water, Oil, Hot Water and Steam, Air and Gas, Food and Beverage, Others (Chemical, etc.)
โ By Industry: Oil & Gas, Chemical, Food & Beverage, Pharmaceuticals, Agriculture, Others
Key Regions/Countries Classified as Follows:
ยป North America (U.S., Canada, Mexico)
ยป Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
ยป Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
ยป South America (Brazil, Argentina, Rest of SA)
ยป Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Impact of the Industrial Hose Market Report:
Thorough evaluation of all opportunities and risks in the Industrial Hose market.
Analysis of recent innovations and significant events in the Industrial Hose market.
Comprehensive examination of business strategies employed by leading players to foster growth in the Industrial Hose market.
Definitive assessment of the growth trajectory of the Industrial Hose market for the coming years.
Detailed insight into the specific drivers, constraints, and key micro markets within the Industrial Hose market.
Understanding the influence of crucial technological advancements and the latest market trends shaping the Industrial Hose market.
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Industrial Hose Market Competition Landscape by Players
Chapter 4: Assessment of Industrial Hose Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
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Ultimately, the Industrial Hose Market report serves as a reliable source for market research, essential for significantly boosting your business. It provides crucial insights into market dynamics such as regional economic conditions, product pricing, profitability, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility assessment, and return on investment analysis for new projects.
Should the report above not fully align with your requirements, we offer customized research services tailored to your specific needs. Our custom research will comprehensively cover the business information necessary for making strategic and profitable decisions.
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About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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