According to the report by Expert Market Research (EMR), the North America industrial hose market size reached a value of USD 2.64 billion in 2023. Aided by burgeoning demand across a variety of sectors, including manufacturing, oil and gas, food and beverage, chemicals, and agriculture, the market is projected to further grow at a CAGR of 3.6% between 2024 and 2032 to reach a value of USD 3.38 billion by 2032.
Industrial hoses are flexible, durable tubes designed to transport fluids, gases, and abrasive materials in a wide range of industries, such as construction, agriculture, mining, oil and gas, chemicals, pharmaceuticals, and food processing. With their unique characteristics of flexibility, temperature and pressure resistance, and corrosion resistance, they play an integral role in maintaining safe and efficient fluid transfer across these industries.
North America’s steady economic progress has driven significant investments in infrastructure and manufacturing, thereby bolstering demand for high-quality industrial hoses. Governments across the region have undertaken infrastructure renewal and expansion projects, fostering the need for hoses across construction, transportation, and utilities.
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As per the North America industrial hose market analysis, rise in exploration and production activities in the oil and gas sector due to favourable government policies and technological advancements has led to increased utilization of industrial hoses. Their application in upstream and downstream processes ensures safe fluid transfer and efficiency.
Growth in the food and beverage industry have significantly contributed to the North America industrial hose market growth. Industrial hoses find extensive use in the food and beverage industry, specifically in the processing, packaging, and cleaning of food products. North America’s burgeoning food industry necessitates the deployment of food-grade hoses that comply with stringent safety standards.
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Further, the market share will likely increase as chemical industry continues to grow, with increased production across numerous segments. Industrial hoses, resistant to chemical corrosion and abrasion, facilitate efficient and safe transport of chemicals in production processes.
As per the North America industrial hose market outlook, technological advancements in material science have resulted in hoses that are more durable, lighter, and capable of withstanding extreme temperatures and pressures. This has expanded their applicability across industries, leading to increased demand.
Public and private investments in North America are boosting infrastructure development, covering transportation networks like highways, railways, ports, and utilities such as water and sewage systems. This expansion opens opportunities for industrial hoses used in material transport and fluid handling. Additionally, the manufacturing sector is experiencing a resurgence, particularly in automotive, electronics, and aerospace industries. These sectors rely heavily on high-quality hoses for transporting hydraulic fluids, lubricants, and coolants, further boosting the North America industrial hose market expansion.
The North American industrial hose market is set for steady growth, supported by expanding industrial activities and increasing investments in manufacturing infrastructure. Emerging technologies like Industry 4.0, which will streamline production and supply chains, could further accelerate market expansion. Additionally, government initiatives supporting domestic manufacturing and infrastructure development will likely foster a favourable environment for growth.
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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