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Industrial Hose Market Share

Report ID: GMI11703
Published Date: Oct 2024
Report Format: PDF

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Industrial Hose Market Share

Industrial Hose Company Market Share, (2023)

The major players in the industrial hose industry, including Alfagomma, Colex International, Continental, Eaton Corporation, Gates Industrial Corporation, Kanaflex Corporation, and Kuriyama of America, are experiencing significant growth driven by several key factors. One of the primary drivers is the increasing demand for high-performance hoses across various sectors, such as oil and gas, chemicals, food and beverage, and construction, where reliability and safety are paramount. The push for sustainable practices has led these companies to innovate and develop eco-friendly hose solutions, enhancing their market appeal.

Furthermore, advancements in manufacturing technologies are enabling these players to produce hoses that offer improved durability, flexibility, and resistance to harsh chemicals and temperatures, thereby meeting the evolving needs of customers. Additionally, the rapid industrialization in emerging economies and the expansion of infrastructure projects globally are creating new opportunities for these companies to supply hoses for diverse applications. The ongoing focus on automation and efficiency within manufacturing processes is further propelling the demand for specialized industrial hoses, allowing these major players to capitalize on market growth.

Industrial Hose Market Companies

Major players operating in the industrial hose industry include:

Alfagomma
Colex International
Continental
Eaton Corporation
Gates Industrial Corporation
Kanaflex Corporation
Kuriyama of America
Kurt Manufacturing
Norres Schlauchtechnik
Parker-Hannifin Corporation
Ryco Hydraulics
Transfer Oil

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for industrial hose was valued at approximately USD 11.3 billion in 2023 and is anticipated to register a CAGR of over 10% between 2024 and 2032, driven by increasing demand across various sectors such as manufacturing, construction, oil & gas, agriculture, and chemicals.

The water hose segment accounted for 42% of the market share in 2023 and is projected to grow through 2032, due to the increasing demand for efficient irrigation systems in agriculture.

The Asia Pacific market generated a revenue of USD 3.7 billion in 2023 and is forecasted to reach USD 10 billion by 2032, driven by rapid industrialization, growing infrastructure development, and an expanding manufacturing sector.

Major players operating in the industry include Alfagomma, Colex International, Continental, Norres Schlauchtechnik, Parker-Hannifin Corporation, Ryco Hydraulics, and Transfer Oil.