Reports
North America Industrial Hose Market: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Industry Events and Developments; Competitive Landscape, 2023-2028
Industrial Hose Market Outlook
The Procurement Resource North America Industrial Hose industry report contains in-depth research of the market outlook. The report is crafted to provide a complete North America Industrial Hose market analysis.
The North America Industrial Hose market size obtained a total value of around USD 2.55 billion in 2021 and is further anticipated to reach a value of about USD 3.15 billion by 2027. The CAGR is likely to be around 3.60% between 2022-2027.The extensive use of the material in various services propels the North America Industrial Hose market growth.
By region the United States of America holds the largest North America Industrial Hose market share in the market studied.
Outlook of North America Industrial Hose Market and its Categorisation
An industrial hose is a flexible tube used in various sectors to transport liquids and gases. They are constructed of rubber, PVC, silicone, or other materials that can tolerate extremes in temperature or pressure and resist chemical corrosion.
The North America Industrial Hose market analysis comprises segments by Media (, Chemical, Water and Steam, Air and Gas, Food and Beverage, Oil and Others), Industry (Automotive, Agriculture, Chemical and Pharmaceuticals, Oil and Gas, Water and Wastewater, Food and Beverages, Construction and Mining, Others), Material (Polyurethane, Polyvinyl Chloride (PVC), Silicone, Rubber, and Others), and Country (Canada, the United States of America).
The United States of America and Canada are the Most Significant Regions Contributing to the North America Industrial Hose Market Expansion
North America Industrial Hose market in the United States of America holds the largest share in the sector due to the presence of the oil and gas industry. As the hose is extensively used for the application of conveying gas, it is driving the region's development. Furthermore, the growing technological advancements augment the market demand in the pharmaceutical and chemical industry.
The market is being propelled by the application of the commodity in various end-user industries, including Agriculture, Oil and Gas, Automotive, construction and mining, Food and Beverage, Water and Wastewater, Chemicals and Pharmaceuticals, among others.
The various properties of the product like durability and reliability, water-resistant, corrosion and abrasion-resistant, chemical resistance, anti-shock, anti-weathering, and anti-rotting properties are making it a popular part in the various industrial use.
Other benefits including cost-effectiveness, durability, versatility, and safety, among others, are gaining traction leading to their extensive application which is furthering the industry's development and impacting the North America Industrial Hose market price.
Application of Hose Explained
Hoses find application in water or other fluid environments or pass air or other gases. They are often used in conjunction with clamps, spigots, flanges, and nozzles to regulate fluid flow and transport fluids across air or liquid environments.
For example, they can be used for industrial purposes, including running flexible equipment and worktable tools like pneumatic screwdrivers, grinders, and staplers, as well as for firefighters to transport water to the scene of a fire to deliver air for underwater diving.
Various Applications of the Commodity, Contributing to the North America Industrial Hose Market Development
Due to increasing investments by major corporate players, a growing population, and a strengthening economy, the product is increasingly used in building activities, which drives the North America Industrial Hose Market expansion. Additionally, an automotive hose is a crucial part of the automotive business that promotes the market by enabling rapid cooling of the car by eliminating excess heat.
The sector's potential is also increased by the growing use of industrial hose in the oil and gas, chemicals, pharmaceutical, construction and mining, and chemical sectors. Additionally, the market expansion was supported by creative approaches, numerous R&D projects, and good government programmes is resulting in the rise of the North America Industrial Hose Market demand.
The market's segmentation based on the region can be done between the United States of America and Canada.
North America Industrial Hose Market Key Players
- Gates Industrial Corporation
- HBD Industries Inc.
- Parker Hannifin Corporation
- Eaton Corporation
- Kurt Manufacturing Company
North America Industrial Hose Market Landscape
Because of the changing industrial landscape, the key players functioning in the current market are concentrating on product innovation and development to attain a strong foothold. The major players are employing organic growth strategies, including product launches, to establish a strong presence in the industry.
Recent Initiatives by the Enterprises in the North America Industrial Hose Market
- In March 2019, Gates Corporation introduced a new PRO series product with a Protx hydraulic hose line and PRO series couplings. Protx hydraulic hoses are manufactured from various standards like SAE 100R2/R16, ISO 11237 R16 and EN 857 2SC. The launch aided the company is widening its product portfolio.
- Parker Hannifin Corporation introduced the a187 hose, a 7 MPa/1000 psi constant working pressure hose, in October 2017. In mining applications, the product can endure pressure conditions. As a result, the launch facilitated the company's use in the mining sector.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 North America
7 Industry Opportunities and Challenges
8 North America Industrial Hose Market Analysis
8.1 Key Industry Highlights
8.2 North America Industrial Hose Historical Market (2017-2021)
8.3 North America Industrial Hose Market Forecast (2022-2027)
8.4 North America Industrial Hose Market Breakup by Material
8.4.1 Rubber
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Polyvinyl Chloride (PVC)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Silicone
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Polyurethane
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Others
8.5 North America Industrial Hose Market Breakup by Media
8.5.1 Air and Gas
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Chemical
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Oil
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Water and Steam
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Food and Beverage
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
8.5.6 Others
8.6 North America Industrial Hose Market by Industry
8.6.1 Agriculture
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Automotive
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Oil and Gas
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Food and Beverages
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Chemical and Pharmaceuticals
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.6.6 Water and Wastewater
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2017-2021)
8.6.6.3 Forecast Trend (2022-2027)
8.6.7 Construction and Mining
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2017-2021)
8.6.7.3 Forecast Trend (2022-2027)
8.6.8 Others
8.7 North America Industrial Hose Market by Country
8.7.1 Market Share
8.7.1.1 United States of America
8.7.1.2 Canada
9 Regional Analysis
9.1 United States of America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.2 Canada
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Eaton Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Parker Hannifin Corporation
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Gates Industrial Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Kurt Manufacturing Company
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 HBD Industries Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 NovaFlex Group
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Kuriyama of America, Inc.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Copper State Rubber, Inc
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Others
13 Industry Events and Developments
The North American Industrial Hose market size was valued at USD 2.55 billion in 2021.
Between the years 2022-2027, the market is projected to expand at a CAGR of 3.60%.
The demand for the commodity in the automotive sector is one of the essential drivers of the Industrial Hose market growth.
Eaton Corporation, Copper State Rubber Inc., Gates Industrial Corporation, Parker Hannifin Corporation, NovaFlex Group, Kurt Manufacturing Company, HBD Industries Inc., Kuriyama of America Inc., and Others are some of the major companies in the market.
The United States of America Region of the Industrial Hose industry holds a significant share in the market.
The application of the commodity in various end-user industries, including construction and mining, Agriculture, Automotive, Oil and Gas, Food and Beverage, Chemical and Pharmaceuticals, and Water and Wastewater, among others, propelling the North America Industrial Hose industry.
The North American Industrial Hose market attained a value of USD 2.55 billion in 2021. Factors such as the use of the product in construction activities due to the rising investments by significant business players, growing population, rising economy, innovative strategies, various research, and development (R&D) activities, and beneficial government initiatives, the market is expected to witness further growth within 2022-2027, growing at a CAGR of 3.60%.
The market is projected to reach USD 3.15 billion by 2027. Some leading players in the industry are Parker Hannifin Corporation, Kurt Manufacturing Company, Copper State Rubber Inc., Eaton Corporation, Gates Industrial Corporation, NovaFlex Group, HBD Industries Inc., Kuriyama of America Inc., and Others.
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