Industrial Hose Market

Industrial Hose Market by Material (Natural Rubber, Nitrile Rubber, Polyurethane, PVC), Media, Industry (Automotive, oil & gas, Chemicals, Infrastructure, food & beverages, agriculture), and Geography - Global Forecast to 2024

Report Code: SE 5620 Jun, 2019, by marketsandmarkets.com

The overall industrial hose market is likely to grow from USD 12.8 billion in 2019 to USD 17.0 billion by 2024; it is expected to grow at a CAGR of 5.8% from 2019 to 2024. The industrial hose maket is driven by increasing demand for robust industrial hoses in critical applications, and growing infrastructure-related developments. Growing demand for automobiles worldwide and increasing modernization of agriculture processes are expected to provide huge growth opportunities to players in the market.

Industrial Hose Market

Hoses made of polyurethane to grow at highest CAGR for industrial hose market during forecast period”

Hoses made of polyurethane material are expected to hold a major share of the market. Polyurethane is a plastic material, which exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as building insulation, composite wood panels, insulation of refrigerators and freezers, and car parts. They have exceptional resistance to gasoline, oil, kerosene, and other petroleum-based products, making them suitable for use in industries, such as oil & gas, chemicals, mining, food & beverages, and agriculture.

“Hoses used for carrying chemical media to capture considerably large share of industrial hose market during forecast period”

Hoses used for carrying chemical media will account for the largest share of the market in 2019. Chemical hoses are specially designed for optimal performance during gravity and pressure flow. Industrial hoses that are used for suction and discharge of chemicals are considered in this segment. These hoses should possess high chemical and abrasion resistance, and the capability to withstand extreme pressures and temperatures.

“Automotive industry to hold largest share of industrial hose market”

The automotive industry hold the largets share of the market. In the automotive industry, wires, hoses, and metal pipes are used, each with a specific function to enable the smooth running of vehicles. Increasing sales of passenger cars due to high disposable income and purchasing power of the individuals helps to drive the demand for the automotive industry. Also, turbochargers are rapidly gaining demand and popularity due to their benefits, such as improved engine performance and enhanced fuel efficiency in terms of power and output among others. Hence, the automotive industryis creating a major demand for the market during the forecast period.

Industrial Hose Market

“Market in APAC to grow at significant rate during forecast period”

APAC is expected to hold the largest share of the industrial hose market during the forecast period. APAC is the leading market for industrial hoses in the automotive, infrastructure, and agriculture industries, with the major demand driven by countries, such as China, India, and Japan. APAC is a potential market for industrial hoses owing to increasing urbanization, increasing demand for automobiles, and modernization of agricultural processes. High population density and growing per capita income of this region, along with large-scale industrialization and urbanization, are the driving factors for the growth of the market.

Key Market Players

The market is currently dominated by Gates (US), Eaton (Ireland), Parker Hannifin (US), RYCO Hydraulics (Australia), Kurt Manufacturing (US), NORRES(Germany), Piranha Hose Products (US), Transfer Oil S.p.A. (Italy), and Colex International (UK). A few of the major strategies adopted by these players to compete in the market include product launches and developments, partnerships, and contracts, acquisitions, and expansions. Other players operating in the industrial hose market are Kanaflex Corporation (US), Pacific Echo, Inc. (US), Merlett Tecnoplastic S.p.A. (Italy), Semperit (Austria), Kuriyama of America, Inc. (US), Titeflex Corporation (US), Trelleborg Corporation (France), Polyhose (India), Flexaust Inc. (US), and Salem-Republic Rubber Company (US).

Scope of the Report:

Report Metric

Details

Market size available for years

2016–2024

Base year

2018

Forecast period

2019–2024

Units

Value (USD Million/Billion)

Segments covered

Material, Media, Industry, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Gates (US), Eaton (Ireland), Parker Hannifin (US), RYCO Hydraulics (Australia), Transfer Oil S.p.A. (Italy), Kurt Manufacturing (US), Piranha Hose Products (US), NORRES (Germany), and Colex International (UK).

This report categorizes the market based on material, media, industry, and region.

By Material:

  • Natural Rubber
  • Nitrile Rubber
  • PVC
  • Silicone
  • Polyurethane
  • Others (EPDM, UPE)

By Media

  • Water
  • Oil
  • Hot Water and Steam
  • Air and Gas
  • Food and Beverage
  • Chemical

By Industry:

  • Automotive
  • Infrastructure
  • Oil & Gas
  • Pharmaceuticals
  • Food & Beverages
  • Water & Wastewater
  • Chemicals
  • Mining
  • Agriculture
  • Others

By Geography

  • North America
    • US
    • Canada
    •  Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe (Russia, the Netherlands, Spain, Finland, and other Eastern European countries,)
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC (Hong Kong, Australia, New Zealand, Indonesia, Singapore, Malaysia, Thailand, Maldives, the Philippines, and Myanmar)
  • Rest of the World (RoW)
    • Middle East and Africa
    • South & Central America

Major Market Developments

  • In January 2019, Eaton’s (Ireland) vehicle group’s aftermarket division reached a distribution agreement with Bezares SA to become the North American distributor for its mobile power hydraulic portfolio. This partnership will allow Eaton’s aftermarket team to influence its partnership with Bezares to offer comprehensive mobile hydraulic solutions that meet customer needs for PTOs and other hydraulic products.
  • In June 2018, Gates (US) introduced a new line of premium, multi-purpose hydraulic hoses to meet replacement market and OEM needs. This new product is designed for applications across various industries, such as agriculture, mining, construction, and other end-markets.
  • In April 2017, Eaton (Ireland) launched a new hydraulic hose series—GH681, which has high performance capabilities and durability in severe environment applications, such as compact construction equipment, agricultural vehicles, and aerial lift platforms and forestry machines.

Key questions addressed by the report

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming industrial trends in the market?
  • What are the opportunities for various players who exist at present and are planning to enter at various stages of the value chain?
  • How inorganic growth strategies implemented by key players will impact the growth rate of the market, and who will have the undue advantage?
  • What are the current investment trends in the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primary Interviews
                    2.1.2.2 Sampling Techniques and Data Collection Methods
                    2.1.2.3 Primary Sources
                    2.1.2.4 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 30)
    4.1 Industrial Hose Market (2019–2024)
    4.2 Market, By Material
    4.3 Market, By Industry and Country
    4.4 Market Geographic Snapshot

5 Market Overview (Page No. - 33)
    5.1 Introduction
           5.1.1 Drivers
                    5.1.1.1 Increasing Demand for Robust Industrial Hoses in Critical Applications
                    5.1.1.2 Growing Infrastructure-Related Developments
                    5.1.1.3 Rising Demand for PVC Material
           5.1.2 Restraints
                    5.1.2.1 Dearth of Technical Know-How of Industrial Hoses
           5.1.3 Opportunities
                    5.1.3.1 Growing Demand for Automobiles Worldwide
                    5.1.3.2 Increasing Modernization of Agricultural Processes
           5.1.4 Challenges
                    5.1.4.1 Long Lead Time
                    5.1.4.2 Lack of Product Differentiation
    5.2 Types of Industrial Hoses
           5.2.1 Layflat Hose
           5.2.2 Wras Hose
           5.2.3 Oil Resistant Hose

6 Industrial Hose Market, By Material (Page No. - 37)
    6.1 Introduction
    6.2 Natural Rubber
           6.2.1 Hoses Made of Natural Rubber to Account for Largest Share of the Market
    6.3 Nitrile Rubber
           6.3.1 Demand for Hoses Made of Nitrile Rubber Carrying Chemical Media to Increasing During Forecast Period
    6.4 Polyvinyl Chloride (PVC)
           6.4.1 PVC to Witness Highest CAGR for Water Media During Forecast Period
    6.5 Silicone
           6.5.1 Chemical Media to Lead Silicone Industrial Hose During Forecast Period
    6.6 Polyurethane
           6.6.1 Polyurethane to Grow at the Highest CAGR During Forecast Period
    6.7 Others

7 Industrial Hose Market, By Media (Page No. - 46)
    7.1 Introduction
    7.2 Chemical
           7.2.1 Chemical Media to Capture Considerably Large Share of Market
    7.3 Water
           7.3.1 Water & Wastewater Industry to Dominate Market in Terms of Size During Forecast Period
    7.4 Oil
           7.4.1 Oil & Gas Industry to Account for Largest Share of Market During Forecast Period
    7.5 Hot Water and Steam
           7.5.1 Hot Water and Steam Media to Witness Significant Growth During Forecast Period
    7.6 Air and Gas
           7.6.1 Air and Gas Media to Exhibit Highest CAGR in Market During Forecast Period
    7.7 Food and Beverage
           7.7.1 Food & Beverages Industry Hold Major Share of Market for Food and Beverage Media During Forecast Period

8 Industrial Hose Market, By Industry (Page No. - 56)
    8.1 Introduction
    8.2 Automotive
           8.2.1 Rise in Innovations and Developments in Automotive Industry Drives Growth of Market
    8.3 Pharmaceuticals
           8.3.1 APAC to Lead Industrial Hose for Pharmaceuticals Industry During Forecast Period
    8.4 Infrastructure
           8.4.1 APAC to Dominate Market for Infrastructure Industry During Forecast Period
    8.5 Oil & Gas
           8.5.1 Industrial Hoses Can Be Deployed in Wide Range of Oil & Gas Applications
    8.6 Food & Beverages
           8.6.1 Industrial Hoses Play Key Role in Manufacturing Processes in Food & Beverages Industry
    8.7 Chemicals
           8.7.1 Industrial Hoses Widely Used in Suction and Discharge in the Depot, Dock, In-Plant Transfer of Chemicals
    8.8 Water & Wastewater
           8.8.1 Demand for Clean Water and Wastewater Treatment Facilities Fuels Market Growth for Water & Wastewater Industry
    8.9 Mining
           8.9.1 Demand for Industrial Hoses is Driven By Rise in Production Efficiency in Mining Industry
    8.10 Agriculture
           8.10.1 China and India are Major Contributors to Growth of Industrial Hose for Agriculture Industry
    8.11 Others

9 Geographic Analysis (Page No. - 88)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 US to Command North American Market
           9.2.2 Canada
                    9.2.2.1 Canada Accounted for Second-Largest Share of North American Market in 2018
           9.2.3 Mexico
                    9.2.3.1 Rapid Industrialization in Mexico Drives Market Growth
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Germany Expected to Lead European Market During Forecast Period
           9.3.2 UK
                    9.3.2.1 UK to Witness High Growth Rate in European Market During Forecast Period
           9.3.3 France
                    9.3.3.1 Increasing Use of Industrial Hose in France to Create Significant Demand From Automotive and Infrastructure Industries During Forecast Period
           9.3.4 Italy
                    9.3.4.1 Italy to Witness Increasing Demand for Industrial Hoses From Automotive Industry During Forecast Period
           9.3.5 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
                    9.4.1.1 China to Witness Rapid Growth in Global Market
           9.4.2 Japan
                    9.4.2.1 Japan to Witness Significant Demand for Market During Forecast Period
           9.4.3 India
                    9.4.3.1 India Expected to Hold Second-Laregst Market Share in APAC From 2019 to 2024
           9.4.4 South Korea
                    9.4.4.1 Middle East & Africa to Witness Increasing Demand for Market During Forecast Period
           9.4.5 Rest of APAC
    9.5 Rest of the World
           9.5.1 Middle East & Africa
                    9.5.1.1 Middle East & Africa to Witness Increasing Demand for Market During Forecast Period
           9.5.2 South & Central America
                    9.5.2.1 Market in South & Central America is Growing at Significant Rate Due to Increasing Use of Industrial Hose in Automobile, Infrastructure, and Oil & Gas Industries

10 Competitive Landscape (Page No. - 102)
     10.1 Introduction
     10.2 Market Player Ranking Analysis
     10.3 Competitive Leadership Mapping
             10.3.1 Visionary Leaders
             10.3.2 Dynamic Differentiators
             10.3.3 Innovators
             10.3.4 Emerging Companies
     10.4 Strength of Product Portfolio (25 Companies)
     10.5 Business Strategy Excellence (25 Companies)
     10.6 Competitive Scenario
     10.7 Competitive Situations & Trends
             10.7.1 Product Launches/Developments
             10.7.2 Partnerships/ Contracts
             10.7.3 Mergers and Acquisitions
             10.7.4 Expansions

11 Company Profiles (Page No. - 112)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     11.1 Key Players
             11.1.1 Eaton Corporation PLC
             11.1.2 Gates Industrial Corporation PLC
             11.1.3 Parker Hannifin Corporation
             11.1.4 RYCO Hydraulics
             11.1.5 Transfer Oil S.p.A.
             11.1.6 Kurt Manufacturing
             11.1.7 Piranha Hose Products, Inc.
             11.1.8 NORRES Schlauchtechnik MBH
             11.1.9 Colex International Ltd.
     11.2 Other Key Companies
             11.2.1 Flexaust Inc.
             11.2.2 Kanaflex Corporation Co., Ltd.
             11.2.3 Kuriyama of America, Inc.
             11.2.4 Merlett Tecnoplastic SPA
             11.2.5 Pacific Echo, Inc.
             11.2.6 Polyhose
             11.2.7 Semperit (Semperflex)
             11.2.8 Salem-Republic Rubber Company
             11.2.9 Titeflex Corporation
             11.2.10 Trelleborg Corporation

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 136)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customization
     12.4 Related Reports
     12.5 Author Details


List of Tables (74 Tables)

Table 1 Industrial Hose Market, By Material, 2016–2024 (USD Million)
Table 2 Market for Natural Rubber, By Media, 2016–2024 (USD Million)
Table 3 Market for Nitrile Rubber, By Media, 2016–2024 (USD Million)
Table 4 Market for PVC, By Media, 2016–2024 (USD Million)
Table 5 Market for Silicone, By Media, 2016–2024 (USD Million)
Table 6 Market for Polyurethane, By Media, 2016–2024 (USD Million)
Table 7 Market for Others, By Media, 2016–2024 (USD Million)
Table 8 Market, By Media, 2016–2024 (USD Million)
Table 9 Market for Chemical Media, By Industry, 2016–2024 (USD Million)
Table 10 Market for Water Media, By Industry, 2016–2024 (USD Million)
Table 11 Market for Oil Media, By Industry, 2016–2024 (USD Million)
Table 12 Market for Hot Water and Steam Media, By Industry, 2016–2024 (USD Million)
Table 13 Market for Air and Gas Media, By Industry, 2016–2024 (USD Million)
Table 14 Market for Food and Beverage Media, By Industry, 2016–2024 (USD Million)
Table 15 Market, By Industry, 2016–2024 (USD Million)
Table 16 Market for Automotive Industry, By Region, 2016–2024 (USD Million)
Table 17 Market in North America for Automotive Industry, By Country, 2016–2024 (USD Million)
Table 18 Market in Europe for Automotive Industry, By Country, 2016–2024 (USD Million)
Table 19 Market in APAC for Automotive Industry, By Country, 2016–2024 (USD Million)
Table 20 Market in RoW for Automotive Industry, By Region, 2016–2024 (USD Million)
Table 21 Market for Pharmaceuticals Industry, By Region, 2016–2024 (USD Million)
Table 22 Market in North America for Pharmaceuticals Industry, By Country, 2016–2024 (USD Million)
Table 23 Market in Europe for Pharmaceuticals Industry, By Country, 2016–2024 (USD Million)
Table 24 Market in APAC for Pharmaceuticals Industry, By Country, 2016–2024 (USD Million)
Table 25 Market in RoW for Pharmaceuticals Industry, By Region, 2016–2024 (USD Million)
Table 26 Market for Infrastructure Industry, By Region, 2016–2024 (USD Million)
Table 27 Market in North America for Infrastructure Industry, By Country, 2016–2024 (USD Million)
Table 28 Market in Europe for Infrastructure Industry, By Country, 2016–2024 (USD Million)
Table 29 Industrial Hose Market in APAC for Infrastructure Industry, By Country, 2016–2024 (USD Million)
Table 30 Market in RoW for Infrastructure Industry, By Region, 2016–2024 (USD Million)
Table 31 Market for Oil & Gas Industry, By Region, 2016–2024 (USD Million)
Table 32 Market in North America for Oil & Gas Industry, By Country, 2016–2024 (USD Million)
Table 33 Market in Europe for Oil & Gas Industry, By Country, 2016–2024 (USD Million)
Table 34 Market in APAC for Oil & Gas Industry, By Country, 2016–2024 (USD Million)
Table 35 Market in RoW for Oil & Gas Industry, By Region, 2016–2024 (USD Million)
Table 36 Market for Food & Beverages Industry, By Region, 2016–2024 (USD Million)
Table 37 Market in North America for Food & Beverages Industry, By Country, 2016–2024 (USD Million)
Table 38 Market in Europe for Food & Beverages Industry, By Country, 2016–2024 (USD Million)
Table 39 Market in APAC for Food & Beverages Industry, By Country, 2016–2024 (USD Million)
Table 40 Market in RoW for Food & Beverages Industry, By Region, 2016–2024 (USD Million)
Table 41 Market for Chemicals Industry, By Region, 2016–2024 (USD Million)
Table 42 Market in North America for Chemicals Industry, By Country, 2016–2024 (USD Million)
Table 43 Industrial Hose Market in Europe for Chemicals Industry, By Country, 2016–2024 (USD Million)
Table 44 Market in APAC for Chemicals Industry, By Country, 2016–2024 (USD Million)
Table 45 Market in RoW for Chemicals Industry, By Region, 2016–2024 (USD Million)
Table 46 Market for Water & Wastewater Industry, By Region, 2016–2024 (USD Million)
Table 47 Market in North America for Water & Wastewater Industry, By Country, 2016–2024 (USD Million)
Table 48 Market in Europe for Water & Wastewater Industry, By Country, 2016–2024 (USD Million)
Table 49 Market in APAC for Water & Wastewater Industry, By Country, 2016–2024 (USD Million)
Table 50 Market in RoW for Water & Wastewater Industry, By Region, 2016–2024 (USD Million)
Table 51 Market for Mining Industry, By Region, 2016–2024 (USD Million)
Table 52 Market in North America for Mining Industry, By Country, 2016–2024 (USD Million)
Table 53 Market in Europe for Mining Industry, By Country, 2016–2024 (USD Million)
Table 54 Market in APAC for Mining Industry, By Country, 2016–2024 (USD Million)
Table 55 Market in RoW for Mining Industry, By Region, 2016–2024 (USD Million)
Table 56 Market for Agriculture Industry, By Region, 2016–2024 (USD Million)
Table 57 Market in North America for Agriculture Industry, By Country, 2016–2024 (USD Million)
Table 58 Industrial Hose Market in Europe for Agriculture Industry, By Country, 2016–2024 (USD Million)
Table 59 Market in APAC for Agriculture Industry, By Country, 2016–2024 (USD Million)
Table 60 Market in RoW for Agriculture Industry, By Region, 2016–2024 (USD Million)
Table 61 Market for Other Industry, By Region, 2016–2024 (USD Million)
Table 62 Market in North America for Other Industry, By Country, 2016–2024 (USD Million)
Table 63 Market in Europe for Other Industry, By Country, 2016–2024 (USD Million)
Table 64 Market in APAC for Other Industry, By Country, 2016–2024 (USD Million)
Table 65 Market in RoW for Other Industry, By Region, 2016–2024 (USD Million)
Table 66 Market, By Region, 2016–2024 (USD Million)
Table 67 Market in North America, By Country, 2016–2024 (USD Million)
Table 68 Market in Europe, By Country, 2016–2024 (USD Million)
Table 69 Market in APAC, By Country, 2016–2024 (USD Million)
Table 70 Market in RoW, By Region, 2016–2024 (USD Million)
Table 71 Product Launches/Developments (2017–2018)
Table 72 Partnerships/Contracts (2016–2019)
Table 73 Mergers and Acquisitions in 2017
Table 74 Expansions (2016–2017)


List of Figures (44 Figures)

Figure 1 Industrial Hose Market Segmentation
Figure 2 Market : Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Process Flow of Market Size Estimation
Figure 7 Natural Rubber Industrial Hoses to Account for Largest Market Size During Forecast Period
Figure 8 Chemical Media to Account for Largest Market Size During Forecast Period
Figure 9 Market for Oil & Gas Industry to Grow at Highest CAGR During Forecast Period
Figure 10 Market to Grow at Highest CAGR in APAC During Forecast Period
Figure 11 Attractive Opportunities for Market During Forecast Period
Figure 12 Market for Polyurethane Hoses to Grow at Highest CAGR During Forecast Period
Figure 13 Automotive Industry and China Held Major Shares of Market in 2018
Figure 14 Market to Grow at Highest CAGR in China During Forecast Period
Figure 15 Market: DROC
Figure 16 Natural Rubber Industrial Hoses to Lead Market During Forecast Period
Figure 17 Chemical Media to Account for Largest Size of Natural Rubber Industrial Hose During Forecast Period
Figure 18 Water Media to Dominate PVC Industrial Hose During Forecast Period
Figure 19 Oil Media to Register Highest CAGR in Polyurethane Industrial Hose During Forecast Period
Figure 20 Chemical Media Expected to Lead Industrial Hose During Forecast Period
Figure 21 Water & Wastewater Industry to Account for Largest Share of Market for Industrial Hoses That Carry Water Media During Forecast Period
Figure 22 Water & Wastewater Industry to Dominate Market for Industrial Hoses Carrying Hot Water and Steam Media During Forecast Period
Figure 23 Agriculture Industry to Witness Highest CAGR in Market for Industrial Hoses Carrying Food and Beverage Media During Forecast Period
Figure 24 Automotive Industry to Hold Largest Size of Market During Forecast Period
Figure 25 North America to Account for Largest Size of Market for Automotive Industry During Forecast Period
Figure 26 APAC to Dominate Market for Infrastructure Industry During Forecast Period
Figure 27 APAC to Lead Industrial Hose for Oil & Gas Industry During Forecast Period
Figure 28 APAC to Account for Largest Size of Market for Food & Beverages Industry During Forecast Period
Figure 29 Market in China to Grow at Highest CAGR During Forecast Period
Figure 30 APAC to Dominate Industrial Hose During Forecast Period
Figure 31 North America: Industrial Hose Market Snapshot
Figure 32 Market in the US to Grow at Highest CAGR During Forecast Period
Figure 33 Europe: Industrial Hose Snapshot
Figure 34 UK to Lead Industrial Hose Market in Europe During Forecast Period
Figure 35 APAC: Market Snapshot
Figure 36 Market in China to Grow at Highest CAGR During Forecast Period
Figure 37 Middle East & Africa to Dominate Market in RoW During Forecast Period
Figure 38 Companies Adopted Product Launches/Developments as Key Growth Strategies During 2016–2019
Figure 39 Gates (US) Dominated Market in 2018
Figure 40 Market (Global) Competitive Leadership Mapping, 2018
Figure 41 Evaluation Framework: Market
Figure 42 Eaton: Company Snapshot
Figure 43 Gates: Company Snapshot
Figure 44 Parker Hannifin: Company Snapshot

The study involved 4 major activities in estimating the current size of the industrial hose market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the market begins with capturing data on revenue of key vendors in the market through secondary research. This study incorporates the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the industrial hose market. Vendor offerings have also been considered to determine the market segmentation. This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, regulatory bodies, and safety standard organizations.

Primary Research

The industrial hose market comprises several stakeholders, such as suppliers of raw material and manufacturing equipment; standard components, original equipment manufacturers (OEMs); original device manufacturers (ODMs) of industrial hoses; solutions providers; vendors of assembly, testing, and packaging solutions; and system integrators in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Industrial Hose Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the industrial hose market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in major verticals and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Research Objective

  • To define, describe, and forecast the overall industrial hose market, in terms of value, segmented based on material, media, industry, and geography
  • To forecast the market size for various segments with regard to 4 regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the overall market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments
  • To strategically profile key players, comprehensively analyze their market rankings and core competencies, and detail the competitive landscape for market leaders
  • To analyze competitive developments such as product launches and development; partnerships and contacts; acquisition, expansion, and R&D in the overall market

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Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

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