Industrial Hose Market Size and Key Players and Analysis
The global industrial hose market size was evaluated at USD 13.59 billion in 2023 and is expected to hit around USD 26.07 billion by 2033, growing at a CAGR of 6.73% from 2024 to 2034. The key players in the industrial hose market are inYuan Rubber Manufacturing (JYM Hose) LTD, Eaton, Flexaust Inc., HANSA FLEX, Gollmer and Hummel GmbH, PARSCH Schlauche Armaturen GmbH and Co. KG, Poly hose, AEROFLEX, and Others.
Market Report Coverage
| Report Attributes |
Details |
| Market Size by 2033 |
USD 26.07 Billion |
| Market Size in 2023 |
USD 13.59 Billion |
| Market Growth Rate |
6.73% |
| Leading Region |
North America |
| Forecast Period |
2023 to 2033 |
| Segments Covered |
Material Type, Application, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa |
Industrial Hose Market Lead Manufacturers
- inYuan Rubber Manufacturing (JYM Hose) LTD
- Eaton
- Flexaust Inc.
- HANSA FLEX
- Gollmer and Hummel GmbH
- PARSCH Schlauche Armaturen GmbH and Co. KG
- Poly hose
- AEROFLEX
Recent Developments
- In April 2023, Kurt Manufacturing completed the acquisition of Bellatex Industries LLC, improving its product offerings and positioning in the industrial hose market. This strategic move aims to fulfill growing market demands and expand its global footprint.
- In February 2023, Parker Hannifin Corporation launched a new range of industrial hoses with improved flexibility and chemical resistance made of sophisticated thermoplastic materials. These hoses meet the growing need for robust and adaptable fluid handling solutions by serving a variety of applications in sectors like industry, oil and gas, and agricultural.
- In October 2022, Eaton Corporation launched a line of high-performing industrial hoses with Internet of Things (IoT) sensors to monitor vital metrics like flow rate, temperature, and pressure in real time. This invention enhances operational effectiveness and safety in many industries, such as mining, building, and auto production.
- In June 2023, Gates Corporation introduced a new composite industrial hose. It is made for harsh environments and combines a lightweight design with remarkable endurance and resilience to UV radiation, chemicals, and abrasion. Reliability and performance are critical factors in industries such as aerospace, maritime, and utilities, which are served by this development.
Latest Announcements by Industry Leaders
- In October 2024, Eaton announced their third quarter 2024 earnings. The company will conduct a conference call to discuss the results with investors and securities analysts. The presentation materials and webcast replay will be available on the company's financial presentations and webcasts page.
- In October 2024, Aeroflex Industries announced that its board of directors would meet to consider and approve the unaudited financial results for the quarter and half year.
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