Industrial Hose Market

Industrial Hose Market Size by Material (Natural Rubber, Polyvinyl Chloride (PVC), Nitrile Rubber, Polyurethane, Silicone and Others), Media(Chemical, Oil, Water, Hot Water and Steam, Food and Beverage, Air and Gas), Industry, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12573
  • Published Date: Oct, 2021
  • Pages: 223
  • Category: Automotive & Transportation
  • Format: PDF
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Global industrial hose market is anticipated to reach USD 20.67 billion by 2028, at a CAGR of 9.27% from 2021 to 2028. Due to developments in the field of industrial safety and testing, demand in the global industrial hose industry has increased. The usage of hoses in industries is not limited to a single sector and this aspect has provided a boost to the growth of the global market for industrial hoses.

Market Overview:

A hose is a hollow flexible tube intended to carry fluids from one position to another. Often hoses are sometimes referred to as pipes (the term pipe generally applies to a rigid tube, while a hose is typically a flexible one), or tubing more specifically. The shape of a hose is cylindrical (with a circular cross-section).Applications use mainly nylon, polyethylene, polyurethane, PVC, natural or synthetic rubbers, depending on the environment and the required pressure rating. Hoses can also be produced from special polyethylene grades (LDPE, and recently LLDPE) in recent years. Other materials used in hoses include stainless steel, PTFE (Teflon) and certain metals. The design of the hoses is based on a combination of performance and application. Specific considerations include size, pressure, weight, straight hose or coilhose, length, and chemical compatibility.

Industrial hose includes the broad variety of fluid transport lines, including fluid and gas flow tubes in pneumatic, hydraulic or process applications, as well as specialized uses in heavy industry such as mining, geotechnics and construction. These refer to tubes and pipes spread around an industrial unit for the supply of water, fluids, other substances to different unit sections. The usage of industrial hoses is necessary, in particular in the chemical industry. The global market for industrial hose is therefore expected to grow rapidly in the years ahead. Industrial tubing is typically application-oriented;consultation with hose manufacturers regarding particular applications is typical.

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Market Dynamics:

Drivers:
  • Advances in the oil and gas field

The oil and gas industry is the largest deployer of industrial hoses and this factor has provided the global industrial hose market a strong push for growth. The oil and gas sector is swift to embrace new technologies that have been launched in the hose market, and thus most product releases are targeted at oil firms.

  • Rising PVC material demand

Growing demand for polyvinyl chloride (PVC) is the primary driver in the global industrial hose market. PVC is one of the most commonly used plastics and is formed by the vinyl chloride monomer polymerisation. The chlorine present in PVC is derived from salt of industrial-grade, and carbon (present in PVC) is generated from the addition of ethylene to oil or gas.

Restraints:
  • Lack of technicians

While the industrial hose demand is rising, one of the let-down causes of this is due to the shortage of technicians who are aware of these industrial hoses. Often, less reach to the end consumer often impedes the global market for industrial hose.

Opportunities:
  • Application of industrial hoses in agriculture

The agriculture sector's need for water supplies has played a critical role in the growth of the global industrial hose market. In the years ahead, the global industrial hose market is projected to become a haven of lucrativeness.

Challenges:
  • Lack of product differentiation

Lack of product differentiation in the market remains a big challenge for manufacturers. Availability of cheap local variants and lack of product offerings, mainly in unorganized emerging-country markets, has forced existing manufacturers to cut prices, leading to profit crunching and low-value growth.

Segmentation Analysis:

The global industrial hose market has been segmented based on media, material, industry and regions.

  • The material segment is divided into natural rubber, polyvinyl chloride (PVC), nitrile rubber, polyurethane, silicone and others. The polyurethane segment is anticipated to grow at the highest CAGR of around 10.8% over the forecast period. Polyurethane-made hoses have expected significant growth over the projected timeframe. Because polyurethane is a plastic material, it may be used in a number of applications, comprising composite wood panels, refrigerator and freezer insulation, building insulation, and others.
  • The media segment includes chemical, oil, water, steam and hot water, food and beverage, air and gas. The chemical segment held the largest market share of around 28.4% in 2020. Chemical hoses are precisely engineered to work optimally during gravity and pressure flow. Industrial hoses used for discharge and suction of chemicals come in this segment. Such hoses should have a good abrasion and chemical tolerance, and the capacity to endure intense temperatures and pressure.
  • The industry segment includes automotive, pharmaceuticals, infrastructure, oil & gas, food & beverages, chemicals, water & wastewater, mining, agriculture and others. The automotive segment held the largest market share of around 24.3% in 2020. In automobiles,hoses are used for transportation of fuel and lubricants. They are also used in the cooling and hydraulic systems. Advances in the automotive industry, such as autonomous vehicles, electric cars and hybrid electric vehicles, and growing demand for automobiles worldwide are projected to create growth opportunities for hose manufacturers.
Regional Segmentation Analysis:

The regions evaluated for the industrial hose market include Europe, North America, Middle East and Africa, South America and Asia Pacific.The Asia Pacific region emerged as the largest market for the industrial hose, with a 36.2% share of market revenue in 2020.

  • Growing urbanization and increasing demand for automobiles are driving the need for industrial hose on the regional market, especially in India and China. In addition, the modernization of the agricultural process coupled with increasing per capita income in the region further drive the growth of the regional market.
  • Asia Pacific is anticipated to register the fastest CAGR during the forecast period.High population density and this region's rising per capita income, coupled with large-scale urbanization, are the factors anticipated to drive the market growth.

Asia Pacific Industrial Hose Market Share in 2020- 36.2%

 

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Competitive Analysis:

In September, 2019, through introducing a new product in the segment of blowout preventer hoses, namely the Eaton EC556 BOP, Eaton has expanded its product range. It will be used for essential operations in oil and gas drilling. Through introducing this Eaton has improved its product efficiency and provided its respective customers safety assurance.

  • Colex International Limited
  • Dyna Flex, Inc.
  • Eaton
  • Flexaust Inc.
  • Hose Master LLC
  • Kanaflex Corporation Co.,ltd.
  • KURIYAMA OF AMERICA, INC.
  • Kurt Manufacturing
  • MerlettTecnoplasticSpA
  • NORRES Schlauchtechnik GmbH
  • Pacific Echo
  • PARKER HANNIFIN CORP
  • PIRANHA HOSE PRODUCTS, INC.
  • Polyhose
  • RYCO Hydraulics
  • Salem-Republic Rubber Company
  • Semperflex
  • Titeflex
  • Tomkins plc
  • Transfer Oil S.p.A.
  • Trelleborg Marine and Infrastructure
  • ZEC S.p.A.

Key Target Audience

  • Industrial Hose Manufacturers
  • Research and Consulting Firms
  • End users (oil and gas, chemicals, water, food and beverages, agriculture, mining, pharmaceuticals, automobile, and other industries)
  • Raw Material Providers
  • Traders And Distributors
  • Government Authorities and R&D Institutions

Report Description

  • Global Industrial Hose Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2028 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2028 are the forecast years. The global industrial hose market is based on revenue (USD billion). The report incorporates the market study on the basis of revenue. The study covers the market share revenue/market share for each of the segments, regions and countries catering to global industrial hose market. The regions evaluated for the Industrial Hose market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of industrial hose and regionswhich are deduced and formulatedon the basis of theirgrowth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to fathommarket growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global industrial hose market. This offersvital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global industrial hose market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development &innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which acts as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global Industrial Hose market) is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the industrial hose market was valued at USD 10.38 billion in 2020 and is anticipated to reach USD 20.67 billion by 2028.

Global industrial hose market is growing at a CAGR of 9.27% during the forecast period 2021-2028.

The global industrial hose market has been segmented based on media, material, industry and regions. The chemical segment held the largest market share in 2020. The polyurethane segment is anticipated to grow at the highest during the forecast period.

The Asia Pacific region emerged as the largest market for the industrial hose.

Advances in the oil and gas field are the key driving factor for the industrial hose market.

Lack of technicians could hamper the market growth.

Application of industrial hoses in agriculture will provide huge opportunities to the market.

Key players are Colex International Limited, Dyna Flex, Inc., Eaton, Flexaust Inc., Hose Master LLC, Kanaflex Corporation Co.,ltd., KURIYAMA OF AMERICA, INC., Kurt Manufacturing

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Material
          4.3.2. Market Attractiveness Analysis By Media
          4.3.3. Market Attractiveness Analysis By Industry
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Advances in The Oil and Gas Field
          5.2.2. Rising PVC Material Demand
    5.3. Restraints
          5.3.1. Lack of Technicians
    5.4. Opportunities
          5.4.1. Application of Industrial Hoses in Agriculture
    5.5. Challenges
          5.5.1. Lack of Product Differentiation

6. Global Industrial Hose Market Analysis and Forecast, By Material
    6.1. Segment Overview
    6.2. Natural Rubber
    6.3. Polyvinyl Chloride (PVC)
    6.4. Nitrile Rubber
    6.5. Polyurethane
    6.6. Silicone
    6.7. Others

7. Global Industrial Hose Market Analysis and Forecast, By Media
    7.1. Segment Overview
    7.2. Chemical
    7.3. Oil
    7.4. Water
    7.5. Steam and Hot Water
    7.6. Food and Beverage
    7.7. Air and Gas

8. Global Industrial Hose Market Analysis and Forecast, By Industry
    8.1. Segment Overview
    8.2. Automotive
    8.3. Pharmaceuticals
    8.4. Infrastructure
    8.5. Oil & gas
    8.6. Food & beverages
    8.7. Chemicals
    8.8. Water & wastewater
    8.9. Mining
    8.10. Agriculture
    8.11. Others

9. Global Industrial Hose MarketAnalysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Industrial Hose Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Industrial Hose Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Colex International Limited
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Dyna Flex, Inc.
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Eaton
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Flexaust Inc.
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Hose Master LLC
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Kanaflex Corporation Co.,ltd.
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. KURIYAMA OF AMERICA, INC.
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Kurt Manufacturing
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. MerlettTecnoplasticSpA
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. NORRES Schlauchtechnik GmbH
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. Pacific Echo
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. PARKER HANNIFIN CORP
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
 

List of Table

1. Global Industrial Hose Market, By Material, 2018–2028 (USD Billion)

2. Global Natural Rubber In Industrial Hose Market, By Region, 2018–2028 (USD Billion)

3. Global Polyvinyl Chloride (PVC) In Industrial Hose Market, By Region, 2018–2028 (USD Billion)

4. Global Nitrile Rubber In Industrial Hose Market, By Region, 2018–2028 (USD Billion)

5. Global Polyurethane Industrial Hose Market, By Region, 2018–2028 (USD Billion)

6. Global Silicone Industrial Hose Market, By Region, 2018–2028 (USD Billion)

7. Global Others Industrial Hose Market, By Region, 2018–2028 (USD Billion)

8. Global Industrial Hose Market, By Media, 2018–2028 (USD Billion)

9. Global Chemical, Industrial Hose Market, By Region, 2018–2028 (USD Billion)

10. Global Oil, Industrial Hose Market, By Region, 2018–2028 (USD Billion)

11. Global Water, Industrial Hose Market, By Region, 2018–2028 (USD Billion)

12. Global Steam and Hot Water, Industrial Hose Market, By Region, 2018–2028 (USD Billion)

13. Global Food and Beverage, Industrial Hose Market, By Region, 2018–2028 (USD Billion)

14. Global Air and Gas, Industrial Hose Market, By Region, 2018–2028 (USD Billion)

15. Global Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

16. Global Automotive, Industrial Hose Market, By Region, 2018–2028 (USD Billion)

17. Global Pharmaceuticals, Industrial Hose Market, By Region, 2018–2028  (USD Billion)

18. Global Infrastructure, Industrial Hose Market, By Region, 2018–2028  (USD Billion)

19. Global Oil & gas, Industrial Hose Market, By Region, 2018–2028  (USD Billion)

20. Global Food & beverages, Industrial Hose Market, By Region, 2018–2028  (USD Billion)

21. Global Chemicals, Industrial Hose Market, By Region, 2018–2028  (USD Billion)

22. Global Water & wastewater, Industrial Hose Market, By Region, 2018–2028  (USD Billion)

23. Global Mining, Industrial Hose Market, By Region, 2018–2028  (USD Billion)

24. Global Agriculture, Industrial Hose Market, By Region, 2018–2028  (USD Billion)

25. Global Others, Industrial Hose Market, By Region, 2018–2028  (USD Billion)

26. Global Industrial Hose Market, By Region, 2018–2028 (USD Billion)

27. Global Industrial Hose Market, By North America, 2018–2028 (USD Billion)

28. North America Industrial Hose Market, By Material, 2018–2028 (USD Billion)

29. North America Industrial Hose Market, By Media, 2018–2028 (USD Billion)

30. North America Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

31. U.S. Industrial Hose Market, By Material, 2018–2028 (USD Billion)

32. U.S. Industrial Hose Market, By Media, 2018–2028 (USD Billion)

33. U.S. Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

34. Canada Industrial Hose Market, By Material, 2018–2028 (USD Billion)

35. Canada Industrial Hose Market, By Media, 2018–2028 (USD Billion)

36. Canada Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

37. Mexico Industrial Hose Market, By Material, 2018–2028 (USD Billion)

38. Mexico Industrial Hose Market, By Media, 2018–2028 (USD Billion)

39. Mexico Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

40. Europe Industrial Hose Market, By Material, 2018–2028 (USD Billion)

41. Europe Industrial Hose Market, By Media, 2018–2028 (USD Billion)

42. Europe Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

43. Germany Industrial Hose Market, By Material, 2018–2028 (USD Billion)

44. Germany Industrial Hose Market, By Media, 2018–2028 (USD Billion)

45. Germany Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

46. France Industrial Hose Market, By Material, 2018–2028 (USD Billion)

47. France Industrial Hose Market, By Media, 2018–2028 (USD Billion)

48. France Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

49. U.K. Industrial Hose Market, By Material, 2018–2028 (USD Billion)

50. U.K. Industrial Hose Market, By Media, 2018–2028 (USD Billion)

51. U.K. Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

52. Italy Industrial Hose Market, By Material, 2018–2028 (USD Billion)

53. Italy Industrial Hose Market, By Media, 2018–2028 (USD Billion)

54. Italy Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

55. Spain Industrial Hose Market, By Material, 2018–2028 (USD Billion)

56. Spain Industrial Hose Market, By Media, 2018–2028 (USD Billion)

57. Spain Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

58. Asia Pacific Industrial Hose Market, By Material, 2018–2028 (USD Billion)

59. Asia Pacific Industrial Hose Market, By Media, 2018–2028 (USD Billion)

60. Asia Pacific Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

61. Japan Industrial Hose Market, By Material, 2018–2028 (USD Billion)

62. Japan Industrial Hose Market, By Media, 2018–2028 (USD Billion)

63. Japan Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

64. China Industrial Hose Market, By Material, 2018–2028 (USD Billion)

65. China Industrial Hose Market, By Media, 2018–2028 (USD Billion)

66. China Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

67. India Industrial Hose Market, By Material, 2018–2028 (USD Billion)

68. India Industrial Hose Market, By Media, 2018–2028 (USD Billion)

69. India Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

70. South America Industrial Hose Market, By Material, 2018–2028 (USD Billion)

71. South America Industrial Hose Market, By Media, 2018–2028 (USD Billion)

72. South America Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

73. Brazil Industrial Hose Market, By Material, 2018–2028 (USD Billion)

74. Brazil Industrial Hose Market, By Media, 2018–2028 (USD Billion)

75. Brazil Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

76. Middle East and Africa Industrial Hose Market, By Material, 2018–2028 (USD Billion)

77. Middle East and Africa Industrial Hose Market, By Media, 2018–2028 (USD Billion)

78. Middle East Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

79. UAE Industrial Hose Market, By Material, 2018–2028 (USD Billion)

80. UAE Industrial Hose Market, By Media, 2018–2028 (USD Billion)

81. UAE Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

82. South Africa Industrial Hose Market, By Material, 2018–2028 (USD Billion)

83. South Africa Industrial Hose Market, By Media, 2018–2028 (USD Billion)

84. South Africa Industrial Hose Market, By Industry, 2018–2028 (USD Billion)

List of Figures 

1. Global Industrial Hose Market Segmentation

2. Industrial Hose Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Industrial Hose Market Attractiveness Analysis By Material

9. Global Industrial Hose Market Attractiveness Analysis By Media

10. Global Industrial Hose Market Attractiveness Analysis By Industry

11. Global Industrial Hose Market Attractiveness Analysis By Region

12. Global Industrial Hose Market: Dynamics

13. Global Industrial Hose Market Share By Material(2021 & 2028)

14. Global Industrial Hose Market Share By Media(2021 & 2028)

15. Global Industrial Hose Market Share By Industry(2021 & 2028)

16. Global Industrial Hose Market Share by Regions (2021 & 2028)

17. Global Industrial Hose Market Share by Company (2020)

This study forecasts revenue growth at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global industrial hose market on the basis of below mentioned segments:

Global Industrial Hose Market by Material:

  • Natural Rubber
  • Polyvinyl Chloride (PVC)
  • Nitrile Rubber
  • Polyurethane
  • Silicone
  • Others

Global Industrial Hose Market byMedia:

  • Chemical
  • Oil
  • Water
  • Hot Water and Steam
  • Food and Beverage
  • Air and Gas

Global Industrial Hose Market by Industry:

  • Automotive
  • Pharmaceuticals
  • Infrastructure
  • Oil & Gas
  • Food & Beverages
  • Chemicals
  • Water & Wastewater
  • Mining
  • Agriculture
  • Others

Global Industrial hose Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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