Industrial Hose Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market, the global Industrial Hose Market size was valued at USD 13.08 Billion in 2020 and is projected to reach USD 20.07 Billion by 2028, growing at a CAGR of 5.52% and Forecast to 2030.
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A hose is a flexible hollow tube designed to carry fluids from one location to another. The shape of a hose is usually cylindrical having a circular cross section. Hose design is based on a combination of application and performance. Common factors considered for hose design are size, pressure rating, weight, length, and chemical compatibility. Applications mostly use nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers, based on the environment and pressure rating needed.
Regional Analysis
The Asia Pacific region is expected to dominate the largest market share during the forecast period. India, China, and Japan represent the Industrial Hose Market, collectively considering for over 72% of the market value in the Asia Pacific.
Recent Developments
Continental AG (Germany) developed medical hoses needed in Bergamo and the Lombardy region’s medical sector at its Italian site in Daverio, Italy. PVC hose is suitable for the transport of air, oxygen, nitrous oxide, helium, and carbon dioxide.
NORRES GmbH (Germany) acquired the Swedish hose distributor Jarl Elmgren AB (“Jarl Elmgren”). This acquisition is in line with NORRES’ internationalization strategy and represents a significant strengthening of the company’s market position in Scandinavia.
Top Key Players of Industrial Hose Market
- Gates
- Eaton
- Parker Hannifin
- RYCO Hydraulics
- Transfer Oil S.p.A.
- Kuriyama of America, Inc.
- Kurt Manufacturing
- Piranha Hose Products
- NORRES
- Colex International and More
Industrial Hose Market is segmented into material, media type, industry and region.
On the basis of Material
- Natural Rubber
- Nitrile Rubber
- PVC
- Silicone
- Polyurethane
On the basis of Media Type
- Water
- Oil
- Hot Water and Steam
- Air and Gas
- Food and Beverage
- Chemical
On the basis of Industry
- Automotive
- Infrastructure
- Oil & Gas
- Pharmaceuticals
- Food & Beverages
- Water & Wastewater
- Chemicals
- Mining
- Agriculture
- Others
On the basis of Region
- Asia Pacific
- North America
- Europe
- South America
- Middle East & Africa
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