Industrial Hose and Fitting Market Report: Trends, Forecast and Competitive Analysis to 2030

Industrial Hose and Fitting Trends and Forecast

The future of the global industrial hose and fitting market looks promising with opportunities in the industrial automation, mining, construction, oil & gas, automotive, pharmaceutical, food & beverage, agriculture, and water sectors. The global industrial hose and fitting market is expected to reach an estimated $14.8 billion by 2030 with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are increasing demand for pvc hose materials in industries, growing preference for non-metal hoses, and rising focus towards workplace safety and testing procedures.

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Industrial Hose and Fitting by Segment

The study includes a forecast for the global industrial hose and fitting by type, material, end use, and region.

Industrial Hose and Fitting Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Hoses
• Fittings

Industrial Hose and Fitting Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Rubber
• Polyurethane
• Polyvinyl Chloride
• Metal
• Thermoplastics
• Composite
• Silicone
• Others

Industrial Hose and Fitting Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Industrial Automation
• Mining
• Construction
• Oil & Gas
• Automotive
• Pharmaceutical
• Food & Beverages
• Agriculture
• Water
• Others

Industrial Hose and Fitting Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Industrial Hose and Fitting Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial hose and fitting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial hose and fitting companies profiled in this report include-

• Ryco Hydraulics
• Eaton
• Piranha Hose Products
• Parker Hannifin
• Kurt Manufacturing
• Transfer Oil
• ContiTech

Industrial Hose and Fitting Market Insights

Lucintel forecasts that hose is expected to witness the highest growth over the forecast period due to rising demand for passive depth sensing technologies in smartphones, consumer electronics, and automotive applications.

APAC is expected to witness highest growth over the forecast period due to considerable demand for industrial hoses and fittings from a variety of industries, including manufacturing, construction, and mining sector of the region.

Features of the Global Industrial Hose and Fitting Market

Market Size Estimates: Industrial hose and fitting market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Industrial hose and fitting market size by type, material, end use, and region in terms of value ($B).

Regional Analysis: Industrial hose and fitting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, materials, end uses, and regions for the industrial hose and fitting market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial hose and fitting market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the industrial hose and fitting market size?

Answer: The global industrial hose and fitting market is expected to reach an estimated $14.8 billion by 2030.

Q2. What is the growth forecast for industrial hose and fitting market?

Answer: The global industrial hose and fitting market is expected to grow with a CAGR of 5.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the industrial hose and fitting market?

Answer: The major drivers for this market are increasing demand for pvc hose materials in industries, growing preference for non-metal hoses, and rising focus towards workplace safety and testing procedures.

Q4. What are the major segments for industrial hose and fitting market?

Answer: The future of the industrial hose and fitting market looks promising with opportunities in the industrial automation, mining, construction, oil & gas, automotive, pharmaceutical, food & beverage, agriculture, and water markets.

Q5. Who are the key industrial hose and fitting market companies?

Answer: Some of the key industrial hose and fitting companies are as follows:

• Ryco Hydraulics
• Eaton
• Piranha Hose Products
• Parker Hannifin
• Kurt Manufacturing
• Transfer Oil
• ContiTech

Q6. Which industrial hose and fitting market segment will be the largest in future?

Answer: Lucintel forecasts that hose is expected to witness the highest growth over the forecast period due to rising demand for passive depth sensing technologies in smartphones, consumer electronics, and automotive applications.

Q7. In industrial hose and fitting market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to considerable demand for industrial hoses and fittings from a variety of industries, including manufacturing, construction, and mining sector of the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the industrial hose and fitting market by type (hoses and fittings), material (rubber, polyurethane, polyvinyl chloride, metal, thermoplastics, composite, silicone, and others), end use (industrial automation, mining, construction, oil & gas, automotive, pharmaceutical, food & beverages, agriculture, water, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?