An Incisive, In-depth Analysis on the Industrial Hose Assemblies Market
This study offers a comprehensive, 360 degree analysis on the Industrial Hose Assemblies market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Industrial Hose Assemblies market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Industrial hoses are used for the purpose of conveying various fluids (gas, water, chemicals) and even solid material from their source to various machines and several other applications. Industrial hose assembly are nothing but combination of industrial hoses and relevant fittings. These industrial hose assemblies are commonly utilized in food & beverage industry, Construction & Mining, chemical & Pharmaceuticals, Oil & gas, Automotive, Agriculture, General Manufacturing and Other Industries.
In terms of value, the global Industrial Hose Assemblies market is estimated to reach US$ 19,973.7 Mn by 2018 end and is anticipated to touch US$ 37,556.7 Mn by 2028, exhibiting a CAGR of 6.5% over the forecast period. North America is expected to be the largest market for Industrial Hose Assemblies capturing nearly 23.5% of the global market share owing to high demand from end user industries.
On the basis of material, rubber type industrial hoses are highly adopted in comparison to metal type industrial hoses
Rubber type industrial hoses are lighter in weight in comparison to plastic and metal type industrial hoses. Therefore, in end user industry, rubber type industrial hoses are anticipated to gain significant traction in the global industrial hoses assemblies market over the forecast period. There are some advantages of rubber hoses over metal hoses:
When the operator drags metal hoses on the floor, unprotected metal hoses may be damaged and the outer braiding of industrial hoses also may be break or burst before the forecasted time
At the time of manipulating or assembly of hoses, loses wire of braid may hurt the operator
Although, metal industrial hoses are mainly used for high pressure application. Moreover, metal hoses are costlier as compared to rubber and plastic hoses hence are used in limited places where cost is not a restraining factor. Metal hoses find its vast application in oil and gas industry.
Outer boundary of industrial hoses are coated or spired by protected stainless steel. An outer spiral easily get stuck behind obstacles in the factory thus damaging the hose. Additionally, the stainless steel industrial hose may easily kink behind the fitting, affecting the pressure supply of steam or may be causing leakage of steam.
Performance analysis of industrial hose assemblies market segments
On the basis of material, industrial hose assemblies market is scrutinized into rubber, plastic and metal. In terms of value, rubber type segment is anticipated to gain noteworthy traction in the global market owing to its association with low price, high performance and vast application in end user industries.
On the basis of product type, medium pressure segment is projected to grow with significant growth rate owing to high utilization rate in several end use industries including mining, construction, food and beverages etc. Moreover, these types of industrial hoses remain stable at the room temperature and possesses high degree of flexibility in terms of design. Furthermore, medium pressure Product Types have comparatively higher strength as compared to the Low Pressure hoses. This is expected to increase the demand of Medium Pressure Product Types in the upcoming years, subsequently promoting the growth of Industrial Hoses market in the near future
On the basis of end user, the global industrial hose assemblies market is segmented into Food & Beverages, construction & mining, chemical & pharmaceuticals, oil & gas, automotive, agriculture, general manufacturing and other industries. Food & beverage segment is projected to be dominant in the market, in terms of value over the forecast period. However, construction & mining, chemical & pharmaceuticals, oil & gas and other segment are also anticipated to gain significant traction in the global market owing increasing application of industrial hose assemblies in end user industries over the slated time period.
Market analysis of industrial hose assemblies market segments
On the basis of material, rubber segment is expected to expand at a CAGR of 5.9% over the forecast period, the segment is anticipated to reach a value US$ 4,474.0 Mn by 2028 end. The rubber segment is anticipated to fetch an incremental dollar opportunity of US$ 1,942.9 Mn within the forecast period.
From the perspective of product type, the high pressure segment is expected to grow with a CAGR of 4.6%, which is slightly lower than medium pressure segment, however, it is expected to capture a market share of 14.1% by the end of forecast period, 2028. The segment is expected to create significant incremental dollar opportunity amounting to US$ 323.9 Mn throughout the forecast period.
Leading market players dominating the global industrial hose assemblies market
Some of the key players involved in the manufacture of Global Industrial Hose Assemblies that have been included in the study are Gates Corporation, Parker Hannifin Corp., Parker Hannifin Corp., Semperit AG Holding, Campbell Fittings, Inc., United Flexible, Continental AG, Eaton Corporation Plc., Polyhose India Pvt. Ltd., Trelleborg AB, RYCO Hydraulics, RADCOFLEX Australia Pty Ltd., Transfer Oil S.p.A., ABCRUBBER Inc., FlexFit Hose LLC, Abbott Rubber Company, Inc., 4-STAR Hose & Supply, Inc., Neptech Inc., Chamberlin Rubber Company, Inc., Alfagomma S.p.A., IVG Colbachini S.p.A., Integraflex Hose Assemblies, Wellcall Hose (M) Sdn Bhd., Powerflex Industries and Novaflex Group Key market players are focusing on product innovation and differentiation with unique capabilities to strengthen their market positioning across the globe.
Future Market Insights in its report titled “Industrial Hose Assemblies Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018–2028” offers detailed insights and in-depth research on the said market on a global level. The report covers the important factors driving the growth of the market, untapped opportunities for the manufacturers, trends and developments shaping the dynamics of the market and other insights across various key segments.
The key strategy adopted by major Industrial Hose Assemblies manufacturers is upgrading their product line with latest features and technologies and also launching new and innovative products to gain market presence and customer base, hence the Industrial Hose Assemblies market is forecasted to improve significantly from 2018 to 2028.
The report starts with a market overview along with market definition and synopsis. The section that follows, presents the market dynamics which include market drivers, restraints, opportunities and trends in the Global Industrial Hose Assemblies market.
The next section of the report provides market share analysis and market attractiveness analysis on the basis of segments such as by material, by product type, by end user and region. It provides a market outlook for 2013–2028 and sets the forecast within the context of the Global Industrial Hose Assemblies market, including the sales volume along with market value and assessment of opportunities in the specified region. The section represent market value and sales volume for each end user of Industrial Hose Assemblies in the specified region or country.
The market value of Industrial Hose Assemblies is given in terms of US$ Mn throughout all the segments. Each category within all the segments is clearly described and defined in the research report study in order to help the reader understand the scope and boundaries of the research. The report also offers important drivers as well as roadblocks upsetting the growth of the market throughout the forecast period. Dynamic trends, supply chain movement of Industrial Hose Assemblies end users are taken into consideration and analyzed thoroughly, which is thus incorporated in the research study to equip the client with useful and comprehensive information about the changes taking place in the market leading to inspired decision making for players involved from both the supply and demand side. Other important frameworks such as macroeconomic factors, industrial growth, construction industry outlook, agricultural industry outlook, mining industry outlook, forestry industry outlook, oil & gas industry outlook and forecasting factors are utilized and covered in the report providing the reader with valuable market intelligence and insights.
The market segmentation offered in the report study is mentioned below:
By Product Type
By End User
Food & Beverages
Construction & Mining
chemical & Pharmaceuticals
Oil & gas
South East Asia & Pacific
Middle East & Africa
Important statistics such as market share of the company, production volume per year, end user industry data points among others are taken into account for the purpose of gaining an idea regarding the volumetric sales of Industrial Hose Assemblies on a global scale. Secondary sources are referred to cross check with the calculated market volume numbers and the same is confirmed through primary sources from the Industrial Hose Assemblies manufacturers and well known suppliers in order to achieve near perfect volume number.
The Industrial Hose Assemblies market is forecasted for a period of 10 years beginning from 2018, taken as the base year for the market numbers calculation and projected till 2028. The current size of the market, as well as the information gathered from the demand and supply side in addition to sales pattern of end use industries shaping the market
The forecasts covered in the report study is presented in terms of compound annual growth rate or CAGR, while other important parameters such as yearly growth and absolute dollar opportunity are also covered in the study to present the reader with crystal clear insights and comprehensive knowledge on the said market
Lastly, indispensable parameters namely market attractive index and impact analysis of both the drivers and restraints across all the eight regions are covered in the study offering insights about the dynamics, growth and untapped potential in the Industrial Hose Assemblies market. Extensive profiling of major players involved in the manufacture of Industrial Hose Assemblies are included in the final chapter of the report detailing the financials, developments, weaknesses and competitive strategies adopted to gain a foothold in the market.
Industrial Hose Assemblies Market Reports - Table of Contents
18. Assumption and Acronyms
19. Research Methodology