HOME Research Insight Eaton (Ireland) and PARKER HANNIFIN (US) are the by Major Players in the Industrial Hose Market

Eaton (Ireland) and PARKER HANNIFIN (US) are the by Major Players in the Industrial Hose Market

The industrial hose market is expected to be valued at USD 10.67 Billion in 2017 and is estimated to reach USD 14.81 Billion by 2023, at a CAGR of 5.6% between 2017 and 2023. The modernization of agriculture processes and growing demand for automobiles across the globe are likely to create huge opportunities for the market players. Industries demand robust industrial hoses that ensure smooth material handling even in extreme environmental/operational conditions. Such dependency of key industries on hoses is expected to drive the industrial hose market owing to rapid industrialization in developing as well as developed countries

The key strategy adopted by major players to grow in the industrial hose market is product launches (between 2014 and 2017). Eaton (Ireland), Gates (US), PARKER (US), and Transfer Oil (Italy) are some players that adopted this strategy. For instance, in April 2017, Eaton (Ireland) introduced a hydraulic hose series—GH681. The new hose series has high-performance capabilities and is durable even in harsh environment applications such as compact construction equipment, agricultural vehicles, aerial lift platforms, and forestry machines.

Eaton is one of the leading companies in the industrial hose market. The company offers a full range of fluid transportation products, including industrial and hydraulic hoses, thermoplastic hose and tubing, couplings, and connectors. The company offers hoses under the Hydraulics business segment for industries such as construction and mining, agriculture and forestry, energy, manufacturing, processing, oil and gas, transportation, and material handling. The hoses offered by the company possess capabilities such as efficient working in wide operating pressure ranges, optimal scratch resistance, long-lasting durability, and high-performance transfer. These hoses are manufactured from a variety of materials, including polyvinyl chloride (PVC), polyurethane (PUR), natural rubber (NR), and ethylene propylene diene monomer (EPDM). In April 2017, the company developed a refrigerant hose to meet the special demands of bus air conditioning system. The hose has high temperature resistance and low permeation rate. The hose will increase the lifetime of air conditioning hose assemblies in buses, reducing their replacement cost.

PARKER HANNIFIN (US) is one of the largest hose manufacturers in the world. The company offers a wide range of industrial, hybrid, and hydraulic hoses. It offers industrial hoses mainly for low-, medium-, and high-pressure applications. It also caters to the demand from pneumatic and hydraulic applications. PARKER offers industrial hoses that are resistant to heat, ozone, weather, chemicals, oil, flames, UV, and abrasion. PARKER offers hydraulic hose, water hose, fuel hose, air hose, oil hose, chemical hose, coolant hose, and many others to target industries such as oil and gas, chemicals, agriculture, mining, construction, water, medical, and automobile. In March 2016, the company introduced EO-KARRYFORM—a forming machine that consists of a hydraulic drive unit and a forming cylinder that uses hoses.

Other companies operating in the industrial hose market include Gates (US), RYCO Hydraulics (Australia), Transfer Oil (Italy), Colex International Limited (UK), Kurt Manufacturing (US), NORRES Schlauchtechnik (Germany), PIRANHA HOSE PRODUCTS (US), Polyhose (India), Semperflex (Austria), United Flexible (US), UNAFLEX Industrial Products (US), Hose Master (US), Salem-Republic Rubber (US), Trelleborg (France), Terraflex (Israel), Kanaflex (US), Merlett Tecnoplastic (Italy), Pacific Echo (US), Suttner America (US), and Sun-Flow (US).

Related Reports:

Industrial Hose Market by Material (PVC, Polyurethane, Rubber, Silicone, Others), Media Type, Industry (Oil & Gas, Automobile, Water, Pharmaceuticals, Food & Beverages, Chemicals, Infrastructure, Agriculture, Mining), and Region - Global Forecast to 2023

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