Industrial Hose Market
Global Industrial Hose Market Size, Share & Trends Analysis Report by Material Type (PVC, Natural Rubber, Nitrile, Polyurethane, and Others), By Vertical (Automotive, Agriculture, Oil & Gas, Construction & Mining, Food & Beverages, Pharmaceuticals, and Others) and Forecast 2020-2026 Update Available - Forecast 2024-2030
The global market for industrial hose is projected to have considerable CAGR of around 8.4% during the forecast period. The major factors that propels the industrial hose market include growing demand of industrial hose in various industries such as oil & gas, agriculture, and growing infrastructure activities across the globe. The growing expansion of offshore oil and gas and wind energy infrastructure to fulfill ever-increasing energy demand is a key factor for the growth of the global industrial hose market. According to the Energy Information Administration (EIA), world energy consumption will grow by nearly 50% between 2018 and 2050. The industrial sector, which includes refining, mining, manufacturing, agriculture, and construction, accounts for the largest share of energy consumption. Hence growing energy consumption creates demand for energy production that further encourages the demand of industrial hose. Moreover, technical advancement in the agriculture processes further provide significant opportunity to the market.
Segmental Outlook
The global industrial hose market is segmented based on material type and vertical. Based on the material type, the market is further classified into PVC, natural rubber, nitrile, polyurethane, and others. The PVC segment is projected to grow at a significant CAGR during the forecast period. The growing demand of PVC based hose in various industries such as automotive, agriculture and others further contribute in the segmental growth. PVC based industrial hose are widely adopted due to chemical and corrosion resistance, good abrasion and wear resistance,, visual contact with the flow, and high flow characteristics. On the basis of vertical the market is further segregated into automotive, agriculture, oil & gas, construction & mining, food & beverages, pharmaceuticals, and others.
Global Industrial hose Market Share by Vertical, 2019(%)
Global industrial hose market to be driven by oil & gas Vertical
Among vertical, the oil & gas segment held a considerable share in the market owing to the significant deployment of industrial hose in the industry. Moreover, growing oil & gas production activities contribute in the growth of segmental market. For instance, in August 2019, the Gulf of Mexico exceeded oil production of 2 million barrels per day led by high levels of production from Chevron’s Big Foot and Shell’s Crosby fields. The industrial hoses are widely used for offshore transfer of crude oil and refined petroleum products. Moreover various companies providing industrial hoses for the oil & gas industry. For instance, Trelleborg AB provides SEALINE and KLELINE two industrial hose for the the oil & gas industry. Moreover, Trelleborg’s CRYOLINE LNG hose is a key component for offshore LNG offloading solutions.
Regional Outlook
Geographically, the global industrial hose market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. North America is projected to hold significant growth in the global industrial hose market. The market is mainly driven due to growing industrialization and significant adoption of industrial hose in various sectors in automotive, agriculture, oil & gas and others. Moreover, the rising demand of PVC based industrial hoses further provide significant opportunity to the market in the region .
Global industrial hose Market Growth, by Region 2020-2026
Asia-Pacific to hold a considerable share in the global industrial hose market
Geographically, Asia-Pacific is projected to hold a significant market share in the global industrial hose market. The market is mainly driven by the increasing application of industrial hose in automotive industry in the region, growing urbanization and industrialization. The major countries which will have a significant market share during the forecast period are India, China, and Japan. Apart from those countries, South Korea, Australia, Thailand, and Indonesia projected to contribute significantly in the market growth. The rising production in oil & gas industry further contribute in the growth of the market. According to the BP PLC, the natural gas production in Asia-Pacific stood at 481.5 Mtoe (millions of tonnes oil equivalent) in 2015 which substantially increased to 543.2 Mtoe in 2018, accounting for an increase of around 12.8% over the period 2015-2018. Moreover, the manufacturing activities in the automotive, chemical, and pharmaceutical industries of the region are growing considerably that further provide significant opportunity to the market.
Market Players Outlook
The key players in the industrial hose market contributing significantly by providing different material types of products and increasing their geographical presence across the globe. The key players of the market include Eaton Corporation plc, Gates Industrial Corporation plc, Parker-Hannifin Corp., Continental AG, Ryco Hydraulics Pty Ltd., and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global industrial hose market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Eaton Corporation plc
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Gates Industrial Corporation plc
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Parker-Hannifin Corp.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Continental AG
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Ryco Hydraulics Pty Ltd.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Industrial Hose Market by Material Type
5.1.1. PVC
5.1.2. Natural Rubber
5.1.3. Nitrile
5.1.4. Polyurethane
5.1.5. Others (Silicon)
5.2. Global Industrial Hose Market by Vertical
5.2.1. Automotive
5.2.2. Agriculture
5.2.3. Oil & Gas
5.2.4. Construction Mining
5.2.5. Food & Beverages
5.2.6. Pharmaceuticals
5.2.7. Others(Chemical)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Able Hose & Rubber LLC
7.2. Ace Hose and Rubber Co.
7.3. ALFAGOMMA Spa
7.4. Colex International Ltd.
7.5. Continental AG
7.6. Eaton Corporation plc
7.7. Gates Industrial Corporation plc
7.8. Hose-tech Ltd.
7.9. Kurt Manufacturing Co.
7.10. Kuriyama of America, Inc.
7.11. Kanaflex Corporation Co., Ltd.
7.12. Mithra Fluidtrans Pvt. Ltd.
7.13. NORRES Schlauchtechnik GmbH
7.14. NovaFlex Group
7.15. Parker-Hannifin Corp.
7.16. Pacific Echo, Inc.
7.17. Ryco Hydraulics Pty Ltd.
7.18. Salem-Republic Rubber Co.
7.19. Transfer Oil S.p.A.
7.20. Trelleborg AB
1. GLOBAL INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2019-2026 ($ MILLION)
2. GLOBAL PVC INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL NATURAL RUBBER INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL NITRILE INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL POLYURETHANE INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL OTHER INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2019-2026 ($ MILLION)
8. GLOBAL INDUSTRIAL HOSE IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL INDUSTRIAL HOSE IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL INDUSTRIAL HOSE IN OIL & GAS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL INDUSTRIAL HOSE IN CONSTRUCTION & MINING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL INDUSTRIAL HOSE IN FOOD & BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL INDUSTRIAL HOSE IN PHARMACEUTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL INDUSTRIAL HOSE IN OTHERS VERTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
15. GLOBAL INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
16. NORTH AMERICAN INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
17. NORTH AMERICAN INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2019-2026 ($ MILLION)
18. NORTH AMERICAN INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2019-2026 ($ MILLION)
19. EUROPEAN INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
20. EUROPEAN INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2019-2026 ($ MILLION)
21. EUROPEAN INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2019-2026 ($ MILLION)
22. ASIA-PACIFIC INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
23. ASIA-PACIFIC INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2019-2026 ($ MILLION)
24. ASIA-PACIFIC INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2019-2026 ($ MILLION)
25. REST OF THE WORLD INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2019-2026 ($ MILLION)
26. REST OF THE WORLD INDUSTRIAL HOSE MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2019-2026 ($ MILLION)
1. GLOBAL INDUSTRIAL HOSE MARKET SHARE BY MATERIAL TYPE, 2019 VS 2026 (%)
2. GLOBAL INDUSTRIAL HOSE MARKET SHARE BY VERTICAL, 2019 VS 2026 (%)
3. GLOBAL INDUSTRIAL HOSE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
4. US INDUSTRIAL HOSE MARKET SIZE, 2019-2026 ($ MILLION)
5. CANADA INDUSTRIAL HOSE MARKET SIZE, 2019-2026 ($ MILLION)
6. UK INDUSTRIAL HOSE MARKET SIZE, 2019-2026 ($ MILLION)
7. FRANCE INDUSTRIAL HOSE MARKET SIZE, 2019-2026 ($ MILLION)
8. GERMANY INDUSTRIAL HOSE MARKET SIZE, 2019-2026 ($ MILLION)
9. ITALY INDUSTRIAL HOSE MARKET SIZE, 2019-2026 ($ MILLION)
10. SPAIN INDUSTRIAL HOSE MARKET SIZE, 2019-2026 ($ MILLION)
11. ROE INDUSTRIAL HOSE MARKET SIZE, 2019-2026 ($ MILLION)
12. INDIA INDUSTRIAL HOSE MARKET SIZE, 2019-2026 ($ MILLION)
13. CHINA INDUSTRIAL HOSE MARKET SIZE, 2019-2026 ($ MILLION)
14. JAPAN INDUSTRIAL HOSE MARKET SIZE, 2019-2026 ($ MILLION)
15. REST OF ASIA-PACIFIC INDUSTRIAL HOSE MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF THE WORLD INDUSTRIAL HOSE MARKET SIZE, 2019-2026 ($ MILLION)
