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In 2023, dominant market players, including Watson-Marlow Fluid Technology Group, Verder Group, ProMinent Group, Flowrox, PCM group collectively holds more than around 40% market share. The Hose Pump industry is a moderately fragmented market with numerous regional and niche players contributing to the overall market share. These prominent players are proactively involved in strategic endeavors like mergers & acquisitions, facility expansions, and collaborations to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to research and development, aiming to enhance their designs and integrate cutting-edge technologies, ensuring they maintain a competitive edge.
Major players operating in the hose pump industry include:
Albin Pump AB, Watson-Marlow Fluid Technology Group, Bredel Pumps, Wanner Engineering Inc., Curtiss-Wright Corporation, Verder Group, Flowrox, SEKO S.p.A., Grundfos Holding A/S, Rotho Peristaltic Pumps GmbH, Graco Inc., PSG Dover, Ingersoll Rand, ProMinent Group, Lobeflo Pumps, Peristaltic Pump Company, and PCM Group.
Asia Pacific region accounted for more than 35% share of the total hose pump market in 2023 and will continue to grow through 2032, attributed to the robust industrialization and infrastructure development.
In 2023, the natural rubber segment captured a substantial market share of around 35%, favored by the inherent properties such as high elasticity, resilience, and abrasion resistance.
The market size of hose pump was reached USD 889 million in 2023 and is anticipated to register a CAGR of over 4.8% between 2024 and 2032, driven by its versatile applications across various industries.