The Industrial Hose Global Market Report 2023 by The Business Research Company, provides industrial hose market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Industrial Hose Global Market Report 2023, the global industrial hose market size is expected to grow from $12.35 billion in 2022 to $13.31 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global industrial hose is expected to grow to $17.51 billion in 2027 at a CAGR of 7.1%.
Rapid urbanization is expected to propel the growth of the industrial hose market going forward. Urbanization refers to the rise in the percentage of people who live in cities and towns. An industrial hose is used in urban areas for the discharge of water under pressure, among other uses.
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The industrial hose market is segmented:
1) By Type: Hydraulic Hoses, Layflat Hose, Wras Hose, Oil Resistant Hose, Corrugated Hoses, Stripwound, Thermo-Duct, Other Types
2) By Material Type: Rubber, Polyurethane, Polyvinyl Chloride, Metal, Thermoplastics, Composite, Silicone, Other Material Types
3) By Wire Type: Wire Braided, Spiral Wire
4) By Pressure: Low Pressure (Less Than 3000 Psi), Medium Pressure (Between 3000 to 6000), High Pressure (More Than 6000)
5) By Industry: Oil and Gas, Water, Agriculture, Food and Beverages, Pharmaceuticals, Automotive, Mining, Other Industries
Advancements in technology are a key trend gaining popularity in the industrial hose market. Major players operating in the industrial hose market are developing new products with advanced technologies to sustain their position in the industrial hose market. For instance, in April 2022, Niedner Inc., a Canada-based company specializing in high-performing flexible fluid transport solutions, introduced ALTRA 3D. ALTRA 3D is a new hose technology that is a double-jacketed hose, designed for high-pressure conditions and reliable for industrial applications. This technology offers safety and corrosion prevention for various industrial verticals. This 3D circular woven hose eliminates wrinkling and snaking while combining the benefits of a double-jacketed hose into one. ALTRA 3D’s unique features make it a potential option for moving fluids such as water, minerals, slurry, oil, gas, chemicals, and others in harsh environmental conditions.
The industrial hose market report table of contents includes:
1. Executive Summary
2. Industrial Hose Market Characteristics
3. Industrial Hose Market Trends And Strategies
4. Industrial Hose Market – Macro Economic Scenario
4.1. COVID-19 Impact On Industrial Hose Market
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26. Africa Industrial Hose Market
27. Industrial Hose Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Hose Market
29. Industrial Hose Market Future Outlook and Potential Analysis
30. Appendix
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