Global Industrial Hose Industry was valued at USD $12 Billion in the year 2019. Global Industrial Hose Industry is further estimated to grow at a CAGR of 6.0% from 2019 to reach USD $16.63 Billion by the year 2025. Growing construction-related developments and increasing demand for robust industrial hoses in critical applications are some of the major driving factors for the growth of the industry. The industry is gradualy growing from traditional farming practices to automated farming will also have positive impact on the overall demand for industrial hoses globaly. To promote automated farming, the governments across the globe are offering incentives and flexible credit policies for the purchase of automated farming equipment.
Asia Pacific was the largest industrial hose market worldwide. The value contribution from Asia Pacific is 41.5% in 2018. China, India and Japan represent major industrial hose industry, collectively accounting for over 71% of the industry value in Asia Pacific. Positive outlook of the construction and industrial sector boost the market growth in the region.
Major market players in Industrial Hose industry are Eaton, PARKER, Gates Hannifin Corporation, Dyna Flex Inc., RYCO Hydraulics, Transfer Oil, Colex International Limited, Kurt Manufacturing, MAC Tubi S.p.A, NORRES Schlauchtechnik, PIRANHA HOSE PRODUCTS, Polyhose, Semperflex, United Flexible, UNAFLEX Industrial Products, Hose Master, Salem-Republic Rubber, ZEC S.p.A., Trelleborg, Terraflex, Kanaflex, Merlett Tecnoplastic, Pacific Echo, Suttner America, and Sun-Flow.
Industrial Hose Industry Segmentation:
Industrial Hose Market, By Material:
Industrial Hose Industry Overview, By Media Type:
Industrial Hose Market, By Industry:
Industrial Hose Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa