Press release
Industrial Hose Market is Forecasted to Reach US$ 5.2 billion in 2030, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global industrial hose market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3683/industrial-hose-market.html#form
Report Highlights:
Market Size in 2030: US$ 5.2 billion
Growth (CAGR): 3.8% during 2023-2030
Forecast Period: 2023-2030
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Segment Insights on the Industrial Hose Market:
The global industrial hose market is segmented based on Hose type, Material type, End-Use Industry type, Reinforcement type, Pressure type, and region.
Based on hose type - The market is segmented into air & multipurpose hose, chemical hose, food & beverage hose, material handling hose, oil & gas hose, water & steam hose, mining hose, and specialty hose. Air & multipurpose hose is expected to be the dominant hose type in the market. They are versatile and can be used in a wide range of applications. They are also relatively inexpensive, which makes them a cost-effective solution for a wide range of applications. These hoses are designed to handle compressed air, water, oil, and chemicals, making them suitable for miscellaneous industrial applications. As industries increasingly seek cost-effective solutions and flexible equipment, air and multipurpose hoses offer an efficient means of transferring different media, reducing the need for multiple specialized hoses.
Based on material type - The market is segmented into rubber, thermoplastics, and others. Rubber is expected to be the most preferred material in the industrial hose market due to its exceptional combination of properties. Rubber hoses offer flexibility, which is crucial for accommodating movement and bending in various industrial applications. They exhibit excellent resistance to abrasion, weathering, and chemicals, ensuring longevity and reliability in diverse environments. Rubber hoses can handle a wide range of temperatures and pressures, making them versatile for different industries. Moreover, rubber hoses are resistant to environmental factors such as UV radiation, ozone, and weathering. This resistance helps maintain the hose's performance and appearance over time.
To know the most attractive segments, visit:
https://www.stratviewresearch.com/3683/industrial-hose-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
In terms of regions, the Asia-Pacific is expected to remain the largest market for industrial hoses over the forecast period. In addition to that, the region is also likely to witness the highest growth in the coming years. Major factors, such as flourishing industrial sectors, robust infrastructure development, increasing construction activities owing to rapid urbanization and economic growth, and substantial manufacturing activities, are expected to drive the regional market during the forecast period. The region's rapid economic growth, large population, and diverse industries, including manufacturing, agriculture, and construction, will drive substantial demand for industrial hoses. As Asia-Pacific continues to experience industrial expansion and urbanization, the demand for industrial hoses in applications ranging from manufacturing to agriculture and construction remains consistently high, solidifying its position as the leading market for industrial hoses.
Industrial Hose Market Drivers:
Some of the key drivers listed in the report are given below.
• The growing need for sturdy hoses for important applications across various industries, such as automotive, construction, and chemicals.
• The demand for industrial hoses is expected to rise due to increasing oil & gas exploration, infrastructural development, the expanding automotive industry, and increasing capital expenditure in the mining industry.
• The agriculture industry coupled with modern agricultural practices and rapid urbanization and industrialization.
• Advancements in materials and manufacturing technologies have resulted in more durable and efficient hoses, meeting the evolving requirements of industries, and the need for better performance, flexibility, and longevity in hoses has driven research and development efforts, further spurring market growth.
Top Companies in the Industrial Hose Market:
Stratview Research has identified the following companies as the top market players.
• Alfagomma S.p.A.
• ContiTech AG
• Eaton Corporation
• Gates Corporation
• Kuriyama Holdings Corporation
• Manuli Rubber Industries
• NORRES GmbH
• Parker Hannifin Corp.
• Rehau Group AG
• Semperit AG Holdings
• Spirax-Sarco Engineering PLC
• ZEC S.p.A.
Note: The above list does not necessarily include all the top players in the market.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Industrial Hose Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Explore more reports here:
• Gaskets Market: https://www.stratviewresearch.com/2917/gaskets-market.html
• Bearings Market: https://www.stratviewresearch.com/1379/bearings-market.html
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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