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Global Industrial Hose Market
By Material Type (Silicone, Polyvinyl chloride, Polyurethane, Rubber), Media Type (Chemical, Water, Air and ventilation, Food and beverage, Hot water and steam, Oil), Vertical, and Regional Market Size, Status and Forecast to 2025
The Global Industrial Hose Market was valued at USD 10.63 billion in 2016 and is projected to reach USD 17.17 billion by 2025, growing at a CAGR of 5.47% from 2017 to 2025.
Industrial Hose is a small pipeline or pipe, which plays a significant role in energy conservation in end use industries. The industrial hose can be used for the transportation of various fluids from their source to various machines and several other applications industrial applications, by professionals or at commercially operated locations. Industrial hose are characterized by extreme durability, temperature-resistance, flexibility and long-lasting performance. Some of the benefits of industrial hose include - it does not let the fluid to freeze, the condensation of fluids can be controlled, a significant amount of energy can be saved and it protects the core pipe from extreme operating temperatures.
1. Market Drivers
1.1 Rising demand for automobiles
1.2 Enhancements in agricultural processes
1.3 Increasing infrastructure developments
1.4 Growing demand for robust industrial hoses in various applications
2. Market Restraints
2.1 Lead time
2.2 Poor scope for product differentiation
The Global Industrial Hose Market is segmented on the material type, media type, vertical, and region.
1. Material Type:
1.2 Polyvinyl chloride
2. By Media Type:
2.1 Chemical, Water
2.2 Air and ventilation
2.3 Food and beverage
2.4 Hot water and steam
3. By Vertical:
3.4 Food & beverages
3.6 Oil & gas
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
2. Ryco Hydraulics
3. Piranha Hose Products
6. Kurt Manufacturing
7. Pacific Echo
9. Merlett Tecnoplastic
10. Transfer Oil
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Industrial Hose Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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