Industrial Hose Market Size, Growth, Trend and Forecast to 2023 | MarketsandMarkets

1. MarketsandMarkets Presents Industrial Hose Market Size, Growth, Trend and Forecast to 2023 | MarketsandMarkets [128 Pages Report] The industrial hose market was valued at USD 10.40 Billion in 2016 and is expected to reach USD 14.81 Billion by 2023, at a CAGR of 5.6% during the forecast period. The base year considered for the study is 2016, and the forecast period considered is 2017–2023. This report provides a detailed analysis of the industrial hose market based on media type, material, industry, and region.

2. This report provides a detailed analysis of the industrial hose market based on media type, material, industry, and region. The report forecasts the market size, in terms of value, for various segments with regard to 4 main regions—North America, Europe, APAC, and RoW. It strategically profiles the key players and comprehensively analyzes their market rankings and core competencies, along with detailing the competitive landscape for the market leaders. The bottom-up procedure has been employed to arrive at the overall size of the industrial hose market from the revenues of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. Hoses are used for the suction and discharge of water in various applications, such as irrigation; gardening and fire equipment; refrigeration equipment, and food processing equipment. Moreover, chemicals, agriculture, mining, food and beverages, infrastructure, and other industries use hoses to transfer water from one location to another, driving the industrial hose market.

3. Polyurethane is a polymer that possesses good abrasion and tear resistance, high tensile strength, and low compression set, along with good flexibility. It also exhibits good chemical resistance with excellent stability in rough atmospheric conditions. It has exceptional resistance to gasoline, oil, kerosene, and other petroleum-based products, making it suitable for use in industries such as oil and gas, chemicals, mining, food and beverages, and agriculture. A large number of players offer industrial hoses manufactured from polyurethane. APAC is expected to hold the largest share of the industrial hose market during the forecast period. It is expected that automobile, infrastructure, and agriculture industries will lead the growth of the market during the forecast period. Most of the demand for hoses comes from China, Japan, and India. Increasing infrastructure-related developments in China and India, and the modernization of agricultural processes further drive the industrial hose market in the region.

4. Eaton (Ireland), PARKER (US), Gates (US), RYCO Hydraulics (Australia), Transfer Oil (Italy), Colex International Limited (UK), Kurt Manufacturing (US), NORRES Schlauchtechnik (Germany), PIRANHA HOSE PRODUCTS (US), Polyhose (India), Semperflex (Austria), United Flexible (US), UNAFLEX Industrial Products (US), Hose Master (US), Salem-Republic Rubber (US), Trelleborg (France), Terraflex (Israel), Kanaflex (US), MerlettTecnoplastic (Italy), Pacific Echo (US), Suttner America (US), and Sun-Flow (US) are some of the major players in the industrial hose market. Contact:MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com