Press release
Top Players and Competitive Dynamics in the Industrial Hose Market
Industrial Hose Market
Projected Market Size and Growth Outlook for the Industrial Hose Market
The industrial hose market is expected to expand significantly, reaching a value of $21.89 billion by 2030. This growth will occur at a compound annual growth rate (CAGR) of 7.4%. Several factors contribute to this positive outlook, including the rise in mining and construction projects, the increasing preference for lightweight composite hoses, and the expansion of water management systems. Additional drivers include a focus on optimizing hose lifecycles and the steady growth of industrial automation. Key trends influencing this market during the forecast period will involve the adoption of high-pressure and highly durable hoses, greater demand for chemical-resistant varieties, expansion of oil and gas infrastructure, growth in the customization of hose assemblies, as well as rising safety and regulatory compliance standards.
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Leading Players Steering the Industrial Hose Market
The industrial hose industry features a diverse group of prominent companies actively competing and innovating. Some of the key players include Continental AG, Bridgestone Corporation, Eaton Corporation plc, Parker Hannifin Corporation, Trelleborg AB, Saint-Gobain S.A., Gates Industrial Corporation plc, Semperit AG Holding, Alfagomma S.p.A., and Polyhose India Pvt. Ltd. Other notable companies include Kuriyama of America Inc., Hose Master Inc., Norres Schlauchtechnik GmbH, Flexaust Co. Inc., RYCO Hydraulics Pty Ltd., Kanaflex Corporation Co. Ltd., Abbott Rubber Company Inc., PIRTEK USA, Transfer Oil S.p.A., Dantec Ltd., Flexicraft Industries, Salem-Republic Rubber Company, Amnitec Ltd., Anamet Europe B.V., Colex International Limited, Novaflex Group, Pacific Echo Inc., Goodall Rubber Company, Elaflex Hiby Tanktechnik GmbH & Co. KG, Flextral, HoseXpress, JGB Enterprises Inc., NewAge Industries Inc., Pacific Hoseflex Pty Ltd., Penflex Corporation, Senior Flexonics Inc., Swagelok Company, Texcel Infotech Pvt Ltd., and United Flexible Inc.
Bridgestone's Strategic Acquisition to Boost North American Presence
In January 2024, Bridgestone Corporation, a leading tire and rubber manufacturer based in Japan, expanded its footprint in the North American industrial hose market by acquiring Cline Hose & Hydraulics. The acquisition amount was not disclosed. This move aims to enhance Bridgestone's service capabilities by integrating Cline Hose & Hydraulics' expertise in hydraulic and industrial hose solutions with Bridgestone's existing tire and mobility services. Cline Hose & Hydraulics operates primarily across the Southeastern United States, offering hydraulic and industrial hoses, hose assemblies, and mobile hose services.
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Innovations Highlighted by Emerging Trends in the Industrial Hose Market
An increasing number of manufacturers are focusing on developing hoses made from advanced materials with specialized engineering, such as non-conductive and chemical-resistant multi-purpose hoses. These innovations respond to the growing need for safer, more durable, and versatile fluid and gas transfer solutions across industries like manufacturing, automotive, oil and gas, and general industrial sectors. Non-conductive chemical-resistant hoses are typically constructed from materials such as NBR/PVC, EPDM, or other specialized elastomers. These materials not only withstand exposure to oil, fuel, chemicals, and abrasion but also prevent electrical conductivity, thereby enhancing safety and reliability compared to traditional rubber or generic hoses.
Product Innovation Example in Industrial Hose Sector
For example, in April 2024, Jason Industrial-a US-based supplier of industrial hoses-introduced a new product line featuring the "4306 MP300 Multi Purpose NBR/PVC Non Conductive Hose." This hose is designed for applications in metal processing and the automotive industry, offering excellent chemical resistance, flexibility, and non-conductive properties. These features reduce the risk of static electricity, enhancing safety when handling combustible fluids or volatile chemicals. Additionally, the hose is built for heavy-duty use and ease of handling, providing advantages over more rigid or conventional rubber hoses.
Core Segments Defined in the Global Industrial Hose Market
The industrial hose market can be broken down into several key segments, including:
By Type: Hydraulic Hoses, Layflat Hose, Oil Resistant Hose, Corrugated Hoses, Stripwound, Other Types
By Material: Rubber, Polyurethane, Polyvinyl Chloride, Metal, Thermoplastics, Composite, Silicone, Other Materials
By Wire Type: Wire Braided, Spiral Wire
By Pressure Rating: Low Pressure (Below 3000 Psi), Medium Pressure (3000 to 6000 Psi), High Pressure (Above 6000 Psi)
By Industry Usage: Oil and Gas, Water, Agriculture, Food and Beverages, Pharmaceuticals, Automotive, Mining, and Other Industries
Subcategories include:
Hydraulic Hoses split into High-Pressure and Low-Pressure Hydraulic Hoses
Layflat Hose divided into PVC Layflat Hose and Rubber Layflat Hose
Oil Resistant Hose further classified into Oil Resistant Rubber Hoses and Oil Resistant PVC Hoses
Corrugated Hoses identified as Stainless Steel Corrugated and PTFE Corrugated Hoses
Stripwound Hoses separated into Metal and Plastic Stripwound Hoses
Other Types include Specialty Hoses, Suction and Discharge Hoses, and Food and Beverage Hoses
This segmentation allows for a comprehensive understanding of the industrial hose market's breadth and the specific applications each product type serves across various industries.
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