According to the report by Expert Market Research (EMR), the North America industrial hose market is projected to grow at a CAGR of 3.6% between 2024 and 2032. Aided by the rising demand of specialised hoses across various sectors, the market is expected to grow significantly by 2032.
Industrial hoses are flexible tubes designed to convey various fluids, gases, and granular materials in a myriad of industrial applications. These hoses are made from materials like rubber, PVC, polyurethane, and are reinforced with textiles, steel, or other materials to enhance durability and resistance to pressure, corrosion, and environmental factors. They are essential in industries such as oil and gas, chemicals, food and beverages, and agriculture.
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The North America industrial hose market growth is primarily fuelled by the region’s robust industrial sector. The expansion of the oil and gas industry, particularly in the United States and Canada, has been a significant driver, as hoses are extensively used in oil drilling and transportation. Moreover, the chemical industry, which heavily relies on hoses for the safe transport of chemicals, is also contributing to market growth.
Additionally, the food and beverage industry is a key market segment fuelling the North America industrial hose market demand. The stringent regulations for food safety and hygiene in North America demand high-quality, food-grade hoses for processing and transferring food products. These hoses must meet specific standards to prevent contamination and ensure safety, driving the demand for specialised industrial hoses in this sector.
Another factor contributing to the growth of the industrial hose market is the advancements in material technology. The development of more durable, flexible, and temperature-resistant materials has led to the production of hoses that can withstand harsh industrial environments and substances, thus broadening their applications.
Environmental concerns and regulations are also influencing the North America industrial hose market outlook. There is a growing emphasis on producing eco-friendly and sustainable hose materials to reduce environmental impact. This shift is leading to innovation in hose manufacturing, such as the development of recyclable and non-toxic materials.
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The industrial hose market in the region is poised for sustained growth over the next five years. The market’s expansion is driven by the increasing industrial activities across various sectors, advancements in hose materials, and stringent regulatory standards. While challenges like raw material price volatility and maintenance requirements exist, the market’s prospects remain bright, underpinned by ongoing industrialisation and technological advancements.
North America Industrial Hose Market Segmentation
The market can be divided based on material, media, industry, and country.
Market Breakup by Material
- Rubber
- Polyvinyl Chloride (PVC)
- Silicone
- Polyurethane
- Others
Market Breakup by Media
- Air and Gas
- Chemical
- Oil
- Water and Steam
- Food and Beverage
- Others
Market Breakup by Industry
- Agriculture
- Automotive
- Oil and Gas
- Food and Beverages
- Chemical and Pharmaceuticals
- Water and Wastewater
- Construction and Mining
- Others
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America industrial hose market. Some of the major players explored in the report by Expert Market Research are as follows:
- Eaton Corporation
- Parker Hannifin Corporation
- Gates Industrial Corporation
- Kurt Manufacturing Company
- HBD Industries Inc.
- NovaFlex Group
- Kuriyama of America, Inc.
- Copper State Rubber, Inc
- Others
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