The global Industrial Hose Market size was valued at USD 13.08 Billion in 2020 and is projected to reach USD 20.07 Billion by 2028, growing at a CAGR of 5.52% from 2021 to 2028.
A hose is a flexible hollow tube designed to carry fluids from one location to another. The shape of a hose is usually cylindrical having a circular cross section. Hose design is based on a combination of application and performance. Common factors considered for hose design are size, pressure rating, weight, length, and chemical compatibility. Applications mostly use nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers, based on the environment and pressure rating needed.
Increasing demand for robust industrial hoses in critical applications, and growing infrastructure-related developments are some of the factors that have supported long-term expansion for Industrial Hose Market.
COVID-19 pandemic has shut-down the production of various products in the global industrial hose industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of global industrial hose market significantly from last few months, as is likely to continue during 2020.
The Asia Pacific region is expected to dominate the largest market share during the forecast period. India, China, and Japan represent the Industrial Hose Market, collectively considering for over 72% of the market value in the Asia Pacific.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 5.52% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
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Report Segmentation |
material, media type, industry and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Gates, Eaton, Parker Hannifin, RYCO Hydraulics, Transfer Oil S.p.A., Kurt Manufacturing, Piranha Hose Products, NORRES, and Colex International. |
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Available Customization |
In addition to the market data for Industrial Hose Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Industrial Hose Market is segmented into material, media type, industry and region.
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