According to the research report, the size of the Industrial Hose Market size is expected to be valued at 13 billion by revenue in 2021 and expected to reach 17 billion by the end of 2026, with CGAR of 6% in the forecast period of 2021 - 2026.
Market Driving Factors
The growth of the industrialization in developing nations like China, India and some other countries is driving the growth of the global industrial hose market.
The advancements in the agriculture industry of using technology, the increase in the usage of the latest technology and recently developed cultivating techniques that are done by machinery are among the reasons for the growth of the industrial hose market. The adoption of the latest technological advancements in various industries such as automotive, healthcare, and many more is the prime reason for the rise of the industrial hose market's market revenue. The automotive industry is one of the promising end-use applications for industrial hoses, which is estimated to expand with a noteworthy growth rate in the next few years.
Also, the wide range of applications and options to choose from the various types of hoses are some of the prime factors for the increase in the global industrial hose market. Moreover, with the competitive spirit of the major players, prices of the hoses are made aggressively. These are the factors that are propelling the growth of the Global Industrial Hose Industry.
Key Challenges
Although the industrial hose market is growing, because of the lack of technicians who are aware of these industrial hoses is one of the let-down factors of it. And also, less reach to the end-user is also hindering the global industrial hose market.
Growth Opportunities
The growing demand for the automobile industry in the forecast is anticipating the growth of this industrial hose market because of the advantages they offer. And the need for robust hoses in the manufacturing industries is one of the reasons that are likely to create several growth opportunities for newcomers.
Recent Developments in the Industry:
REPORT COVERAGE
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 – 2024 |
|
Base Year |
2018 |
|
Forecast Period |
2019 - 2024 |
|
Segments Covered |
By Material, Media, Industry & Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Gates(US), Eaton(Ireland), Parker Hannifin(US), RYCO Hydraulics(Australia), Kurt manufacturers(US), NORRES (Germany), Piranha Hose Products(US), Transfer Oil S.p.A (Italy), Colex International(UK), Kanaflex Corporation(US) & 5+ more Companies |
Industrial Hose Market is Segmented into the following categories as per the Research Report until 2024.
Industrial Hose Market: By Material
Industrial Hose Market: By Media
Industrial Hose Market: By Industry
Among all the Industry category, the automotive sector that has taken the significant revenue share of it. And it is also positively propelling its growth because of the applications of these industrial hoses. The demand for improvements in the engine performance of a car is increasing the adoption of turbochargers, which is fueling the usage of this industrial hose across the vertical.
Industrial Hose Market: By Region
The Industrial Hose Market Report includes the segmentation of Regions with their respective Countries.
North America Industrial Hose Market includes U.S, Canada
Europe Industrial Hose Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe
Asia Pacific Industrial Hose Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC
Latin America Industrial Hose Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM
Middle East & Africa Industrial Hose Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA
Regionally, during the forecast period, APAC is expected to hold the largest share of the industrial hose market. APAC is the leading market for industrial hoses in the automotive, infrastructure, and agricultural industries, with high demand driven by countries such as China, India, and Japan. APAC is a prospective market for industrial hoses due to increased urbanization, increased demand for automobiles, and modernization of agricultural procedures. High population density and increasing per capita revenue in this region, along with large-scale industrialization and urbanization, are driving the market growth.
Industrial Hose Market is Dominated by the Prominent Key Players & listed in the report are:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Material
5.1.1 Introduction
5.1.2 Natural Rubber
5.1.3 Nitrile Rubber
5.1.4 Polyvinyl chloride(PVC)
5.1.5 Silicone
5.1.6 Polyurethane
5.1.7 Y-o-Y Growth Analysis, By Material
5.1.8 Market Attractiveness Analysis, By Material
5.1.9 Market Share Analysis, By Material
5.2 By Media
5.2.1 Introduction
5.2.2 Chemical
5.2.3 Water
5.2.4 Oil
5.2.5 Hot water and Steam
5.2.6 Air and Gas
5.2.7 Food and Beverages
5.2.8 Y-o-Y Growth Analysis, By Media
5.2.9 Market Attractiveness Analysis, By Media
5.2.10 Market Share Analysis, By Media
5.3 By Industry
5.3.1 Introduction
5.3.2 Automotive
5.3.3 Pharmaceuticals
5.3.4 Infrastructure
5.3.5 Oil and Gas
5.3.6 Food and Beverages
5.3.7 Chemicals
5.3.8 Water and Wastewater
5.3.9 Mining
5.3.10 Agriculture
5.3.11 Y-o-Y Growth Analysis, By Industry
5.3.12 Market Attractiveness Analysis, By Industry
5.3.13 Market Share Analysis, By Industry
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Material
6.1.3.3 By Media
6.1.3.4 By Industry
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Material
6.1.4.3 By Media
6.1.4.4 By Industry
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Material
6.1.5.3 By Media
6.1.5.4 By Industry
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Gates(US)
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Eaton(Ireland)
8.3 Parker Hannifin(US)
8.4 Kurt manufacturers(US)
8.5 NORRES (Germany)
8.6 Piranha Hose Products(US)
8.7 Colex International(UK)
8.8 Pacific Echo Inc.(US)
8.9 Semperit(Austria)
8.10 Merlett Technoplastic S.p.A (Italy)
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
