Industrial Hose Market Share, Trends, Revenue, Scope, Key Manufacturers, Growth Drivers, Challenges and Future Opportunities Till 2033

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Industrial Hose Market Share, Trends, Revenue, Scope, Key Manufacturers, Growth Drivers, Challenges and Future Opportunities Till 2033: SPER Market Research



 Published: Jan-2024
 Author: SPER Analyst


Global Industrial Hose Market is projected to be worth USD 26.78 billion by 2033 and is anticipated to surge at a CAGR of 6.61%.

A hose is a hollow, flexible tube that is used to move fluids from one location to another. A hose is usually cylindrical in shape with a circular cross section. Hose design is influenced by application as well as performance. Hoses are often designed with size, weight, length, chemical compatibility, and pressure rating in mind. Applications primarily use nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers, depending on the environment and required pressure rating. Other materials for hoses include stainless steel, teflon, and other metals. Industrial hoses are pipes and tubes used to supply water, chemicals, and other fluid materials. 

Global Industrial Hose Market Driving Factors and Challenges
The market is expanding as a result of the growing need for industrial hose in the building sector to pump viscous fluids like mortar and ceramist. Industrial hoses are not only readily installed and replaceable, but they also don't need to be changed very often. This is a significant benefit of the product that makes it ideal for small-scale building projects. The fast urbanization and infrastructure development initiatives taking place in emerging economies are expected to fuel the industrial hose market's expansion over the course of the forecast period. Additionally, the growth of the global industrial hose market depends on the availability of various chemical-carrying hoses. Because they can be made to be rigid or flexible and because they can be used for a wide range of end-user applications, polyurethane hoses are highly popular. When transporting chemical media, hoses need to be able to withstand high pressures and temperatures in addition to having a high level of chemical and abrasion resistance.  
 

The lack of technicians with knowledge of these hoses is one of the disappointing aspects of the growth of the industrial hose market. Reduced ability to reach end users is another issue impeding the global industrial hose market. The erratic prices of raw materials and excessive steel production lead to unstable steel prices. A decline in oil prices also affects steel prices. Steelmakers find it difficult to forecast raw material prices due to the frequent fluctuations. Therefore, it is anticipated that the significant price volatility of raw materials will hinder the expansion of the global industrial hose market throughout the forecast period. 

Impact of COVID-19 on Global Industrial Hose Market
The COVID-19 pandemic has had an impact on industrial hose sales worldwide. However, there were some ecosystem participants for whom the pandemic offered opportunities. Due to the global operation of pharmaceutical manufacturing facilities, there was a high demand for chemical and gas hoses. In the pharmaceutical industry, industrial hoses are utilized in suction conveyors, pelleting machines, vacuum conveying devices, and dosing systems. Given this, it is anticipated that the post-COVID-19 demand for industrial hoses will be supported by an increase in pharmaceutical manufacturing. 

Industrial Hose Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Colex International, Eaton, Gates, Kurt Manufacturing, NORRES, Parker Hannifin, Piranha Hose Products, RYCO Hydraulics, Transfer Oil S.p.A.


Global Industrial Hose Market Segmentation:

By Materials: Based on the Type, Global Industrial Hose Market is segmented as; Natural Rubber, Nitrile Rubber, Polyvinyl Chloride (PVC), Silicone.

By Media: Based on the Application, Global Industrial Hose Market is segmented as; Chemical, Food and Beverage, Oil, Water and Others.

By Industry Verticals: Based on the Product, Global Industrial Hose Market is segmented as Agriculture, Automotive, Government, Healthcare, Manufacturing. 

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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