According to a new market research report published by Credence Research, “Industrial Hose Market(By Material (Polyurethane, Poly Vinyl Chloride (PVC), Rubber, Silicone, and Others), By End-use Vertical (Construction & Mining, Agriculture, Industrial Manufacturing, Automotive, Oil & Gas, and Other Verticals (Pharmaceuticals, Utilities, etc.)), By Geography (North America, Europe, Asia Pacific, and Rest of the World)) – Growth, Future Prospects, and Competitive Landscape, 2018 -2026”, the global industrial hose market was valued at US$ 10.75 Bn in 2017 and expected to expand at a CAGR of xx% during the forecast period from 2018 to 2026.
Industrial Hose Market (By Material (Polyurethane, Poly Vinyl Chloride (PVC), Rubber, Silicone, and Others), By End-use Vertical (Construction & Mining, Agriculture, Industrial Manufacturing, Automotive, Oil & Gas, and Other Verticals (Pharmaceuticals, Utilities, etc.)), By Geography (North America, Europe, Asia Pacific, and Rest of the World)) – Growth, Future Prospects, and Competitive Landscape, 2018 -2026 report at http://www.credenceresearch.com/report/industrial-hose-market
Product & Market Insights
An industrial hose is a hollow pipe designed to carry fluids from one location to another. In a hydraulic equipment, hoses carry fluid required for transmitting the requisite force. Hoses find applications across wide range of end-use segments including construction, mining, agriculture, industrial manufacturing, automotive, oil & gas, food & beverage, and pharmaceuticals among others. The industrial hose market which experienced a slowdown over the last few years is buoyed by the recovery of construction industry in developed economies like the U.S. and strong infrastructure development in emerging economies. In addition, increase in industrial output and subsequent need for industrial automation has had positive implications on the overall demand for industrial machinery and related components.
Key companies profiled in the research study include Gates Corporation (the U.S.), Eaton Corporation Plc (the U.K.), Parker Hannifin Corporation, RYCO Hydraulics Pty Ltd. (Australia), Piranha Hose Products, Inc. (the U.S.), Polyhose India Pvt. Ltd. (India), Dyna Flex, Inc. (the U.S.), Kurt Manufacturing Co., Inc. (the U.S.), MAC Tubi S.p.A (Italy), and ZEC S.p.A. (Italy) among others.
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The global industrial hose market was valued at US$ 10.75 Bn in 2017 and expected to expand at a CAGR of 4.8% during the forecast period from 2018 to 2026. Booming construction and real estate industry due to economic stability is one of the prominent factors driving demand for industrial hoses worldwide. Gradual shift from traditional farming practices to mechanized farming will also have positive impact on the overall demand for industrial hoses worldwide. To promote mechanized farming, the governments across the globe are offering incentives and flexible credit policies for the purchase of automated farming equipment. In the existing market scenario, the global industrial hose industry is marred by lack of product differentiation, which has led to price wars among manufacturers and consequently slow growth in the market value.
Polyurethane Hoses to Register Maximum Adoption
Selection of right raw material for manufacturing hoses used for varied applications is crucial. Common parameters taken into account while selecting a raw material for manufacturing hose include its compatibility with chemicals, weight, resistance to abrasion, and pressure rating among others. Hoses made from polyurethane are presumed to witness strong adoption during the forecast period on the back of superior characteristics offered in terms of tear and abrasion resistance, flexibility, tensile strength, weight, etc. In addition, excellent resistance offered to petroleum-based products such as gasoline, kerosene, and oil makes polyurethane hoses ideal for applications in industry verticals including oil & gas, mining, chemicals, and agriculture. In view of positive outlook, a large number of established manufacturers have begun offering industrial hoses made from polyurethane.
1.1. Report Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Industrial Hose Market Snapshot
2.2. Global Industrial Hose Market by Raw Material, 2017
2.3. Global Industrial Hose Market by End-use Vertical, 2017
2.4. Global Industrial Hose Market by Geography, 2017
3. Global Industrial Hose Market Dynamics
3.1. Market Overview
3.4. Impact Analysis of Drivers and Challenges
3.5. Competitive Landscape
3.5.1. Market Positioning of Leading Industrial Hose Vendors, 2017
3.5.2. Strategies Adopted by Leading Industrial Hose Vendors …
10. Company Profiles
10.1. Gates Corporation
10.2. Eaton Corporation Plc
10.3. Parker Hannifin Corporation
10.4. RYCO Hydraulics Pty Ltd.
10.5. Piranha Hose Products, Inc.
10.6. Kurt Manufacturing Co., Inc.
10.7. Transfer Oil S.p.A
10.8. Polyhose India Pvt. Ltd.
10.9. Dyna Flex, Inc.
10.10. MAC Tubi S.p.A
10.11. ZEC S.p.A
Key questions answered in this report
- Global market size of industrial hoses in 2016 and 2017
- Projected forecast and market estimations up to 2026
- Which is largest regional market for industrial hoses?
- Which material is currently preferred for manufacturing hoses worldwide?
- Which material will be preferred for manufacturing hoses in the coming years?
- Which industry vertical enjoys the highest penetration of industrial hoses?
- Which are the key factors driving the global industrial hose market growth?
- Who are the leading manufacturers in the global industrial hose market?
- What are the key strategies adopted by the leading industrial hose manufacturers?
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