Industrial Hose Market Scope
A hose is a flexible hollow tube designed to carry fluids from one place to another. It is also sometimes referred to as pipes or more commonly tubing. The shape of a hose is usually cylindrical and its design is based on a combination of performance and application. The application of industrial hose is depended upon common factors such as size, pressure rating, length, straight hose or coil hose, and chemical compatibility. The industrial hose is primarily made by using nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers materials. Owing to the recent technological advancements, it also can be manufactured by using special grades such as LDPE, PTFE (Teflon), stainless steel and other metals.
According to AMA, the Global Industrial Hose market is expected to see growth rate of 5.6% and may see market size of USD15.44 Billion by 2026.
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Industrial Hose market throughout the predicted period.
Eaton (Ireland), PARKER (United States), Gates (United States), RYCO Hydraulics (Australia), Transfer Oil (Italy), Colex International Limited (United Kingdom), Kurt Manufacturing (United States), NORRES Schlauchtechnik (Germany), PIRANHA HOSE PRODUCTS (United States), Polyhose (India), Semperflex (Austria) and United Flexible (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are UNAFLEX Industrial Products (United States), Hose Master (United States), Salem-Republic Rubber (United States), Trelleborg (France), Terraflex (Israel), Kanaflex (United States), Merlett Tecnoplastic (Italy), Pacific Echo (United States), Suttner America (United States) and Sun-Flow (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Industrial Hose market and Region with country level break-up.
On the basis of geography, the market of Industrial Hose has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On June 28, 2018, Gates Industrial Corp. plc, a leading global provider of application-specific fluid power and power transmission solutions, has introduced the next generation of premium hydraulics with the new Gates MXT family of hoses. This innovative, patent-pending product line is lighter weight as well as a more flexible solution that meets or exceeds a wide range of industry standards and addresses both the replacement market and original equipment manufacturer needs. It is designed for applications across industries such as agriculture, construction, mining and other end-markets with demanding performance requirements.
Market Drivers
- Increasing Demand for Robust Industrial Hoses in Critical Applications
- Growing Infrastructure-Related Developments
Opportunities
- Growing Demand for Automobiles across the Globe
- Modernization of Agricultural Processes
Restraints
- Less Scope for Product Differentiation
Challenges
Key Target Audience
Raw material vendors, Component manufacturers and distributors, Hose providers, Hose distributors, Hose manufacturers, End users (oil and gas, chemicals, water, food and beverages, agriculture, mining, pharmaceuticals, automobile, and other industries), Analysts and strategic business planners, Research organizations and Associations, organizations, and alliances related to industrial hoses