New York – United States
Data Bridge Market Research has recently published the comprehensive business research on “Industrial Hoses Market” includes historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. Industrial Hoses Market research report gives critical information about the market and business landscape. It suggests how the company is perceived by the target customers and clients that are desired to reach. The report helps understand how to connect with customers, how to stack up against the competition, and how to plan next steps. It plays an important role in the process of developing products and services, bringing them to the marketplace, and marketing them to consumers. For many businesses, Industrial Hoses Market report acts as a key component in developing marketing strategy by providing a fact-based foundation for estimating sales and profitability.
Data Bridge Market Research analyzes that the global industrial hoses market is expected to reach a value of USD 22,638.21 million by 2030, at a CAGR of 6.2% during the forecast period. This market report also comprehensively covers pricing analysis, patent analysis and technological advancements.
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Opportunity
- Growing Adoption of Hoses in Automobiles Sectors
Automobiles consist of complex internal structures and systems with various components intact. The integration of these systems and components allows the automobile to operate as an efficient machine. In automobiles, hoses play an important role as it is used as an engine cooling system, in a brake oil carrier, as a fuel carrier, in air conditioning and in other parts of the vehicle. In the design of an engine cooling system, hoses of various types are used for coolant circulation. These hoses are of different material properties as some are designed to withstand the heat of coolant, whereas others can take just cold coolant. This increases the importance of hoses in automobiles and the market growth is directly affected by the growth of the automobile industry. As the automobile sector in the EV industry is showing enormous growth over the years owing to rising demand for vehicles and electric vehicles, this is expected to provide lucrative opportunities for market growth.
Noteworthy Players Operating at Regional and Global Levels:
- Eaton
- PARKER HANNIFIN CORP
- RYCO Hydraulics
- Kurt Manufacturing
- NORRES Schlauchtechnik GmbH
- Transfer Oil S.p.A
- ContiTech AG (A Subsidiary of Continental AG)
- Kanaflex Corporation Co., Ltd.
- Pacific Echo
- Colex International Limited, UK
- Gates Corporation
- Semperit AG Holding
- Dixon Valve & Coupling Company, LLC
- Titan Fittings
Recent Developments
- In July 2021, NORRES Schlauchtechnik GmbH, a manufacturer, developer and distributor of flexible hose system solutions, acquired Baggerman Group (“Baggerman”), a manufacturer and distributor of industrial hoses, couplings and accessories. This acquisition would help the company to increase its global presence and also help expand the market.
- In September 2020, KURIYAMA OF AMERICA company developed a new product called Tigerflex Tiger Aqua┠Suction and Discharge Hose. This new addition of a product would not only improve the product portfolio of the company but also help in boosting overall sales.
Industrial Hoses Market Segmentation:
By Type
- Hydraulic Hoses
- WRAS Hoses
- Oil Resistant Hoses
- Layflat Hoses
- Stripwound and Corrugated Hoses
- Thermo-Duct
- Others
By Material Type
- Silicone
- Polyvinyl Chloride
- Polyurethane
- Nitrile Rubber
- Elastomers
- Thermoplastics
- Metal
- Composite
- Others
By Media
- Oil
- Water
- Gas
By Wire Type
- Spiral Wire
- Wire Braided
By Pressure
- Low Pressure (Less Than 3000 Psi)
- Medium Pressure (Between 3000 To 6000)
- High Pressure (More Than 6000)
By Industry
- Automotive
- Pharmaceuticals
- Oil And Gas
- Food And Beverages
- Water
- Mining
- Agriculture
- Others
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