Chhattisgarh Journal

Expanding Horizons: Global Industrial Hose Market Set to Reach USD 18.96 Billion by 2032, Growing at a 3.9% CAGR from 2024

 Breaking News
  • No posts were found

Expanding Horizons: Global Industrial Hose Market Set to Reach USD 18.96 Billion by 2032, Growing at a 3.9% CAGR from 2024

December 08
10:16 2023
Expanding Horizons: Global Industrial Hose Market Set to Reach USD 18.96 Billion by 2032, Growing at a 3.9% CAGR from 2024
Global Industrial Hose Market 2024-2032
Significant growth in the industrial hose market can be attributed to its escalating demand in essential applications and the burgeoning trends in infrastructure activities. Furthermore, enhanced awareness across various sectors presents a substantial opportunity for major players in the industrial hose market.

Industrial Hose Market Outlook

 

According to the report by Expert Market Research (EMR), the global industrial hose market size is projected to grow at a CAGR of 3.9% between 2024 and 2032. Aided by the expanding industrial sector, increasing infrastructural development, and the growing adoption of advanced machinery and equipment across diverse industries, the market is expected to grow significantly by 2032.

 

Industrial hoses, recognised for their durability and versatility, are employed to transfer fluids, gases, and granular materials between equipment and systems in various industrial setups. They are designed to withstand challenging operational conditions, making them suitable for applications ranging from fluid handling and steam ventilation to specialised tasks like material conveying in heavy machinery. Made primarily from rubber, PVC, silicone, and stainless steel, these hoses are tailored to meet the specific requirements of numerous industries, including oil & gas, chemicals, food & beverages, and agriculture.

 

Request a free sample copy in PDF or view the report summary@ https://bityl.co/Mpu7

 

The ever-growing demand for energy has propelled the oil and gas industry to new heights. As this industry expands, the industrial hose market demand is anticipated to witness a heightened growth in the forecast period, especially those resistant to high temperatures and pressures, ensuring safe and efficient fuel transport. The chemical industry, with its requirement for hoses that can handle corrosive substances, further amplifies the demand.

 

The increasing focus on sanitation and hygiene in the food & beverage sector is pushing the demand for FDA-approved industrial hoses that can ensure contamination-free fluid transfer. These hoses, resistant to the corrosive nature of certain foods and beverages, play a pivotal role in maintaining product quality.

 

According to the industrial hose market analysis, as urbanisation accelerates, construction and infrastructure projects are on the rise. The requirement for durable hoses in concrete and plaster applications, as well as in air and water supply, is thus surging. The agriculture sector, too, with its extensive irrigation needs, depends heavily on industrial hoses, further bolstering market growth.

 

Explore the full report with the table of contents@ https://bityl.co/MpuA

 

Technological advancements and continuous research and development have led to the introduction of lightweight, flexible, and more durable hoses, influencing the industrial hose market outlook. Innovations like smart hoses equipped with sensors to monitor wear and tear or detect potential leakages offer added safety and are rapidly gaining traction in critical applications.

 

The ongoing transition towards sustainable manufacturing practices has spurred the demand for eco-friendly hoses. Made from bio-based materials, these hoses aim to reduce the carbon footprint of industries, aligning with global sustainability goals.

 

Regionally, while North America and Europe account for a significant portion of the industrial hose market share, owing to their advanced industrial sectors, Asia Pacific, led by countries like China and India, presents a burgeoning market. As these nations undergo rapid industrialisation, their demand for industrial hoses, essential for various manufacturing processes, is escalating.

 

Industrial Hose Market Segmentation

 

The market can be divided based on material, media, industry, and region.

 

Market Breakup by Material

 

  • Synthetic Rubber

 

  • Polyvinyl Chloride (PVC)

 

  • Natural Rubber

 

  • Silicone

 

  • Polyurethane

 

Market Breakup by Media

 

  • Air and Gas

 

  • Oil

 

  • Water and Steam

 

  • Chemical

 

  • Food and Beverage

 

Market Breakup by Industry

 

  • Automotive

 

  • Chemicals and Pharmaceuticals

 

  • Infrastructure

 

  • Oil and Gas

 

  • Food and Beverages

 

  • Water and Wastewater

 

  • Mining

 

  • Agriculture

 

  • Others

 

Market Breakup by Region

 

  • North America

 

  • Europe

 

  • Asia Pacific

 

  • Latin America

 

  • Middle East and Africa

 

Competitive Landscape

 

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global industrial hose market. Some of the major players explored in the report by Expert Market Research are as follows:

 

  • Eaton Corporation plc

 

  • Gates Industrial Corporation plc

 

  • Parker-Hannifin Corporation

 

  • Transfer Oil S.p.A.

 

  • Kurt Manufacturing Company

 

  • Piranha Hose Products, Inc.

 

  • NORRES Schlauchtechnik GmbH

 

  • Colex International Ltd.

 

  • Kuriyama Holdings Corporation

 

  • ALMAPlast S.r.l.

 

  • Griflex Limited

 

  • REHAU Industries SE & Co. KG

 

  • Danfoss A/S

 

  • RR Italia SPA

 

  • Alfaflex NV

 

  • Others

 

Top Trending Reports:

 

Polybutadiene Market: https://bityl.co/LBDA

 

Precious Metals Market: https://bityl.co/LBDC

 

Baseball Equipment Market: https://bityl.co/LBDH

 

Non-Union Fractures Market: https://bityl.co/LCpE

 

Lithium Iron Phosphate Batteries Market: https://bityl.co/LBDK

 

About Us

 

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

 

Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.

 

Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.

Media Contact
Company Name: Expert Market Research
Contact Person: Matt Johnson
Email: Send Email
Phone: +1-415-325-5166
Address:30 North Gould Street
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com