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Thursday, November 11, 2021

Global Industrial Hose Market to be driven by the increased use of hoses to carry chemical media in the chemical industry in the Forecast Period of 2021-2026

 The new report by Expert Market Research titled, ‘Global Industrial Hose Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global industrial hose market, assessing the market based on its segments like material, media, industry and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020 ): USD 14.1 billion
  • Forecast CAGR (2021-2026 ): 6%
  • Forecast Market Size (2026 ): USD 19.7 billion

The market for industrial hose has seen substantial growth due to factors such as its rising demand in critical applications and growing trends related to infrastructure activities. Also, increased knowledge across different industries offers an enormous market opportunity for key players in the industrial hose market. Industrial hoses are used to suction and discharge chemicals because they are chemical and abrasion resistant and can withstand high temperatures and pressure. The growing global demand for autos, as well as the increasing modernization of farming methods, are expected to present the business with huge potential opportunities. Polyurethane fabric hoses are expected to hold a major proportion of the global industrial hose market over the forecast period.

Industry Definition and Major Segments

The term "industrial hose" refers to a broad type of rubber hose used in industry. The term "rubber hose" refers to the hose's external cover rather than the inner tube's composition.

Explore the full report with the table of contents@

Based on the material, the industry is divided into:

Based on the media, the industry is divided into:

  • Chemical 
  • Water
  • Air and Gas
  • Oil
  • Hot Water and Steam
  • Food and Beverage

Based on the end use industry, the industry is divided into:

The regional markets for industrial hose include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Geographically, due to the region’s rising automotive and agriculture industries, as well as increased infrastructure operations, the Asia Pacific region is expected to occupy a substantial share of the market over the forecast period, with key demand coming from nations such as China and India. The  growing number of infrastructure-related projects is driving private participation in infrastructure (PPI) to invest more, resulting in an increase in hose demand. Infrastructural developments in APAC are primarily driving rapid urbanisation and industrialization; this trend is driving demand for hoses, which are used for a variety of purposes, including material handling in the construction industry and transporting various types of fluids from one location to another in various industries.

Key Market Players

The major players in the market are Eaton Corporation PLC, Gates Industrial Corporation PLC, Parker Hannifin Corporation, Transfer Oil S.p.A., Kurt Manufacturing, Piranha Hose Products, Inc., NORRES Schlauchtechnik GmbH, Colex International Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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