Drivers and Challenges
Technavio has identified the major drivers and challenges that impact the industrial hose market. According to our research, the increasing demand for PVC is propelling the market growth. However, factors such as lack of product differentiation may hamper the market during the forecast period.
Market Segmentation
The industrial hose market has been segmented by geography into APAC, North America, Europe, MEA, and South America. During the forecast period, 53% of the market’s growth will originate from APAC, with China and Japan being the key countries.
Based on application, the industrial hose market has been segmented into oil and gas, chemicals, food and beverages, automotive, and others. The oil and gas segment will have significant market share growth during the forecast period.
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Key Vendors and Offerings:
Technavio has identified key vendors operating in the market. These include Bridgestone Corp., Continental AG, Eaton Corp. Plc, Gates Industrial Corp. Plc, Kanaflex Corp. Co. Ltd., Kurt Manufacturing, Parker Hannifin Corp., RYCO Hydraulics Pty Ltd., Semperit AG Holding, and Smiths Group Plc. The key offerings of some of these vendors are mentioned below:
- Bridgestone Corp: The company offers hydraulic and industrial hoses for building, construction, mining, agriculture, transportation, food, and other markets.
- Continental AG: The company offers a wide range of industrial hoses such as vacupress hoses, armorvin hoses, spiral hoses, among others, through its subsidiary Merlett Tecnoplastic SpA.
- Eaton Corp. Plc: The company offers a wide range of industrial hoses such as air and multipurpose hoses; cement, plaster, and grout hoses; chemical hoses; gaseous hoses; among others.
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Industrial Hose Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
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Market growth 2021-2025 |
USD 2.45 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
2.23 |
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Regional analysis |
APAC, North America, Europe, MEA, and South America |
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Performing market contribution |
APAC at 53% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Bridgestone Corp., Continental AG, Eaton Corp. Plc, Gates Industrial Corp. Plc, Kanaflex Corp. Co. Ltd., Kurt Manufacturing, Parker Hannifin Corp., RYCO Hydraulics Pty Ltd., Semperit AG Holding, and Smiths Group Plc |
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Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
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About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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