Global Industrial Hose Assemblies Market Size study, By Material Type (Rubber Industrial Hose Assemblies, Plastics Industrial Hose Assemblies, Metal Industrial Hose Assemblies), By Product Type (Low Pressure Industrial Hose Assemblies, Medium Pressure Industrial Hose Assemblies, High Pressure Industrial Hose Assemblies), By Component Type (Industrial Hose Assemblies, Industrial Hose Fittings), By End User (Food & Beverages, Construction & Mining, Chemical & Pharmaceuticals, Oil & Gas, Automotive, Agriculture, General Manufacturing, Other End Users), and Regional Forecasts 2022-2028
Global Industrial Hose Assemblies Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Industrial Hose Assemblies includes fittings that are specific to the application. An industrial hose assembly consist of the hose, fittings, and a way to attach the fittings to the hose. Industrial hose assemblies are available in different configurations, sizes and finishes. Industrial hose assemblies are utilized to transfer various fluids such as gas, water, chemicals from their source to machines. The growing number of construction & Mining activities and increasing end use applications of industrial hose assembly across different industries as well as recent strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, as per Oxford Economics – Global Construction Output Report -during 2020, the worldwide construction output was valued at USD 10.7 trillion, and the construction output is estimated to grow to USD 15.2 trillion by end of 2030. Moreover, Asia Pacific would account for USD 2.5 trillion of growth in construction output between 2020 and 2030. Furthermore, leading market players are working towards different strategic initiatives such as new product launches and portfolio expansions to capitalize the growing demand for Industrial hose assemblies. For instance, in June 2020, Eaton unveiled its Synflex Optimum family of thermoplastic hydraulic hoses and fittings intended for application in aerial lifts, agricultural and construction machinery, forestry equipment, car hauler trailers, lift trucks, marine environments, chemical plants and car washing systems. In addition, in July 2021, USA based PIRTEK USA launched a new product line of industrial hose for application in mining, petro-chemical and pharmaceutical industries. This new range of industrial hose can transfer a wide range of materials including abrasive materials and chemicals. The new industrial hose would enable the company to expand its product offerings and to service additional types of machinery and equipment through its franchise network. Also, growing advancements in chemical & pharmaceuticals industries and rapid industrialization in emerging economies are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, volatile cost of raw materials impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Industrial Hose Assemblies Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing Oil & Gas exploration operations and rising food & beverages industry in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of food and beverages industry coupled with rising construction sector in the region, would create lucrative growth prospects for the global Industrial Hose Assemblies Market across the Asia Pacific region.
Major market players included in this report are:
Gates Corporation
Parker Hannifin Corp.
Semperit AG Holding
Campbell Fittings, Inc.
United Flexible
Continental AG
Eaton Corporation Plc.
Polyhose India Pvt. Ltd.
Trelleborg AB
RYCO Hydraulics
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type
Rubber Industrial Hose Assemblies
Plastics Industrial Hose Assemblies
Metal Industrial Hose Assemblies
By Product Type
Low Pressure Industrial Hose Assemblies
Medium Pressure Industrial Hose Assemblies
High Pressure Industrial Hose Assemblies
By Component Type
Industrial Hose Assemblies
Industrial Hose Fittings
By End User
Food & Beverages
Construction & Mining
Chemical & Pharmaceuticals
Oil & Gas
Automotive
Agriculture
General Manufacturing
Other End Users
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Industrial Hose Assemblies Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
Gates Corporation
Parker Hannifin Corp.
Semperit AG Holding
Campbell Fittings, Inc.
United Flexible
Continental AG
Eaton Corporation Plc.
Polyhose India Pvt. Ltd.
Trelleborg AB
RYCO Hydraulics
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