Global Industrial Hose Market Size, Share and Forecast 2020-2026

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.  

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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.

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Global Industrial Hose Market Segmentation

By Material Type

·        PVC

·        Natural Rubber

·        Nitrile

·        Polyurethane

·        Others (Silicon)

By Vertical

·        Automotive

·        Agriculture

·        Oil & Gas

·        Construction Mining 

·        Food & Beverages

·        Pharmaceuticals

·        Others(Chemical)

Regional Analysis

·        North America

·        United States

·        Canada

·        Europe

·        UK

·        Germany

·        Italy

·        Spain

·        France

·        Rest of Europe 

·        Asia-Pacific

·        China

·        India

·        Japan

·        Rest of Asia-Pacific 

·        Rest of the World

Company Profiles

·        Able Hose & Rubber LLC

·        Ace Hose and Rubber Co.

·        ALFAGOMMA Spa

·        Colex International Ltd.

·        Continental AG

·        Eaton Corporation plc

·        Gates Industrial Corporation plc

·        Hose-tech Ltd.

·        Kurt Manufacturing Co.

·        Kuriyama of America, Inc.

·        Kanaflex Corporation Co., Ltd.

·        Mithra Fluidtrans Pvt. Ltd.

·        NORRES Schlauchtechnik GmbH

·        NovaFlex Group

·        Parker-Hannifin Corp.

·        Pacific Echo, Inc.

·        Ryco Hydraulics Pty Ltd.

·        Salem-Republic Rubber Co.

·        Transfer Oil S.p.A.

·        Trelleborg AB

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