Global Stainless Steel Flexible Hose Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Stainless Steel Flexible Hose Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Stainless steel flexible hoses are the most common and basic type of stainless steel hose, where they can be found in almost all industries and applications. Examples include transporting oil, chemicals or other liquids and gases between tank cars and rail vehicles, pumping water through irrigation systems, etc. It is a lined metal tube that transfers fluid from one point to another. The outer layer does not contain any lining or fluid, but acts as a protective shell against corrosion by providing abrasion resistance and mechanical strength for smooth operation.

Market Overview:

The latest research study on the global Stainless Steel Flexible Hose market finds that the global Stainless Steel Flexible Hose market reached a value of USD 3252.15 million in 2022. It’s expected that the market will achieve USD 4437.46 million by 2028, exhibiting a CAGR of 5.32% during the forecast period.

Shortage of Raw Materials

At the beginning of 2020, the COVID-19 disease began to spread around the world. Nearly 500 million people are now infected with COVID-19 disease worldwide, and major countries have imposed stay-at-home orders and stop-work orders. With the exception of the medical supplies and life support products industries, most industries have been greatly affected, and the stainless steel flexible hose industry has also been greatly affected. The production of stainless steel flexible hose industry is restrained due to shortage of raw materials and rising prices due to the pandemic. For example, stainless steel, one of the main raw materials for stainless steel flexible hoses, has been supported throughout the year due to supply cuts due to energy shortages and transportation bottlenecks, as well as strong demand.

Demand Market Changes

The COVID-19 outbreak has shut down several manufacturing plants around the world. The pandemic has caused huge revenue losses for end industries. Most of the manufacturing industry has been severely affected, which has caused a very serious blow to the downstream demand market for stainless steel flexible hose. The traffic blockade policies implemented by most countries to limit the spread of covid-19 also have an impact on the demand market. Shrinking downstream industries have negatively impacted the stainless steel flexible hose market. However, with the gradual recovery of production activities, the demand market is expected to usher in a rebound.

Product advantages

As a flexible pressure-resistant pipe fitting installed in a liquid conveying system, stainless steel flexible hose is used to compensate for the mutual displacement of the connecting ends of pipes or machines and equipment, absorb vibration energy, and can play the role of vibration reduction and noise reduction. It has many advantages such as good flexibility, light weight, corrosion resistance, fatigue resistance, high and low temperature resistance, shock absorption and noise reduction, and long service life. The stainless steel flexible hose has good flammability, temperature resistance, pressure resistance and corrosion resistance, and is suitable for the transportation of steam, water, oil and various industrial gases, medicines and other media. It plays an important role in the movement of the piping system, thermal expansion absorption and vibration absorption. In general, stainless steel flexible hoses have outstanding advantages and are conducive to the development of the industry.

Fierce competition

As the stainless steel flexible hose industry matures, the intensity of competition within the stainless steel flexible hose industry has increased. Suppliers adopt strategies such as price premium and technological innovation to maintain market competitiveness. At the same time, these multinational companies are offering fierce competition to local suppliers of stainless steel flexible hoses based on product pricing. Intense competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business as a result, and a large number of low-end and low-differentiated products enter the market, thereby hindering market competition. Because established stainless steel flexible hose manufacturers are forced to lower the prices of their products, ultimately affecting their profit margins and sales. Intense competition is not conducive to the sustainable development of the industry.

Region Overview:

In 2022, the share of the Stainless Steel Flexible Hose market in Europe stood at 31.09%.

Company Overview:

Witzenmann is one of the major players operating in the Stainless Steel Flexible Hose market, holding a share of 7.92% in 2023.

Witzenmann

Witzenmann manufactures metal hoses, expansion joints, metal bellows as well as vehicle parts and pipe supports under the brand name HYDRA. The flexible metallic elements are used to absorb or decouple vibrations, thermal expansion or system movements.

Wuhu Taihe

Wuhu Taihe is a high-tech enterprise specializing in R&D, production and sales of stainless steel corrugated hoses. The main products are: stainless steel corrugated hose for gas transmission, stainless steel corrugated hose for gas appliance connection and various types of stainless steel corrugated hose for water, metal hose and corrugated compensator.

Segmentation Overview:

As for product types, the Corrugated Hoses segment held the largest market share in 2022.

Strip-wound Hoses

Strip-wound Hoses are flexible stainless steel tubes with a helical wire, woven fabric or compressed paper strip wound around the tube. These types of hoses have been used in various applications such as automotive and industrial where high pressure is involved.

Corrugated Hoses

Corrugated Hoses are a type of flexible hose that is mostly used in the chemical industry. They have an inner pipe and corrugated body, which is made from stainless steel wire helix to provide greater flexibility with resistance to corrosion or abrasion for longer life.

Application Overview:

By application, the Piping segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Stainless Steel Flexible Hose market covered in Chapter 3:

Witzenmann
BOA Holding GmbH
JGB Enterprises
Wuhu Taihe
Chunxing
Guyson
WESTFALIA
Tongfeng
Arcflex
Pacific Hoseflex
Penflex
Senior Flexonics
Swagelok
Parker
Amnitec Ltd

In Chapter 4 and Chapter 14.2, on the basis of types, the Stainless Steel Flexible Hose market from 2018 to 2029 is primarily split into:

Strip-wound Hoses
Corrugated Hoses

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Stainless Steel Flexible Hose market from 2018 to 2029 covers:

Automotive
Chemical Industry
Air Condition & Refrigeration
Piping
Home Appliances

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)