Latest News- Industrial Hose Market: Oil and gas is expected to lead the Application segment during 2024-2028

The Industrial Hose Market is being driven by Increasing demand for PVC

The Industrial Hose Market is expected to grow at a CAGR of 4.36% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2650.8 million. In the agricultural sector, industrial hoses play a pivotal role in enhancing productivity and efficiency. These hoses are integral components of various agricultural machinery, including pneumatic grain conveyors for seed and fertilizer transportation, and irrigation systems. Notable industrial hoses used in agriculture are spray hoses, hydraulic hoses, fittings, valves, and hose assemblies. By providing reliable and consistent performance, industrial hoses contribute significantly to the sustainable solutions offered by the agriculture industry, thereby fostering economic growth. On a global scale, the agricultural industry's extensive use of hydraulic rubber hoses underscores their importance in modern farming practices. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Oil and gas
  • Chemicals
  • Food and beverages
  • Automotive
  • Others
• Material
  • Polyurethane
  • Polyvinyl chloride
  • Silicone
  • Rubber
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • US
  • Europe
    • Germany
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for PVC
• Rising construction projects globally
• Rising demand for vehicles

However, the market also witnesses some limitations, which are as follows:

• Fluctuations in raw material prices
• Competition from local vendors
• Uncertainties and fluctuations in crude oil prices

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Market Scope in Industrial Hose Market Research Report

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Research Analysis Overview

The Industrial Hose Market encompasses various types of hoses, including Spiral Hose, Braided Hose, Welded Hose, Composite Hose, PVC Hose, PU Hose, PTFE Hose, Silicone Hose, Nitrile Hose, EPDM Hose, Nylon Hose, Polypropylene Hose, Stainless Steel Hose, Brass Hose, and Bronze Hose. Additionally, the market offers Hose Couplings, Adapters, Quick Connectors, Swivels, Valves, Filters, Accessories, Management Systems, Routing Software, Design Software, Simulation, Optimization, Failure Analysis, Repair, Inspection, Certification Bodies, Associations, Market Trends, Forecast, Growth, Segmentation, Competition, Product Development, Innovation, and Sustainability. These components cater to diverse industries and applications, ensuring efficient and reliable fluid transfer solutions.

Market Research Overview

The industrial hose market is a significant segment of the larger global industrial machinery and supplies and components market. This market encompasses the manufacturing of various hose types, including hose assemblies, rubber hoses, thermoplastic hoses, metal hoses, reinforced hoses, high-pressure hoses, and low-pressure hoses. The industrial machinery and supplies and components market's size is determined by the consolidated revenue generated by the manufacturers of machinery and components utilized in industrial settings. Factors driving the expansion of this market include the increasing industrial output in process and discrete industries, primarily in developing countries, leading to capacity additions in energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/