US Industrial Hose Market Overview and Forecast by 2031
The US industrial hose market size is projected to reach US$ 5,153.33 million by 2031 from US$ 3,750.81 million in 2023. The market is expected to register a CAGR of 4.05% during 2023–2031. The introduction of environment-friendly and sustainable industrial hoses is likely to bring new trends to the market.
US Industrial Hose Market Analysis
The increase in activities in the mining sector boosts the demand for industrial hoses across the country. In 2023, American Pacific Mining Corp declared that one drilling rig remained to test the Christmas or Red Creek Target area during the demobilization of the 2023 mountain drilling program. The CRC Target is one of 12 known VMS assignments at the Palmer Project apart from the mineral resources of the Palmer and AG deposits. The growing focus on the mineral exploration sector is estimated to propel the growth of the industrial hose market. The growing proliferation of smart and precision farming is expected to offer growth opportunities for the industrial hose market across the US.
Encouraging government policies are driving advancements in the automotive sector with the rising purchase of EVs in the US. The US government is taking significant steps to phase out gasoline-powered vehicles by accelerating domestic production of EVs. The US Environmental Protection Agency plans to ensure that ~67% of the new light-duty and ~25% of heavy-duty vehicles sold by 2032 are EVs. Furthermore, the Inflation Reduction Act (IRA) pushed various global market players to expand their manufacturing facilities in the country, which is anticipated to drive the application of industrial hoses in the US. As per the International Energy Agency (IEA), owing to the IRA, the US and other North American countries witnessed US$ 52 billion of investment, of which half of the investment is for battery manufacturing and one-fifth of the investment is for battery component manufacturing. Thus, the development of electric vehicle and battery manufacturing and automotive parts fabricating facilities is projected to drive the application of industrial hoses in the US.
US Industrial Hose Market Overview
The growing urbanization in the US drives the development of the water and wastewater and construction industries. The increasing infrastructure development owing to the rising number of schools, universities, housing apartments, and commercial office construction is also boosting the requirement for wastewater and sewage cleaning services, subsequently propelling the industrial hose market growth in the US.
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US Industrial Hose Market: Strategic Insights
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US Industrial Hose Market: Strategic Insights
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US Industrial Hose Market Drivers and Opportunities
Development in Oil & Gas Sector in US
Per the US Energy Information Administration (EIA), in the US, natural gas production from the seven largest shale basins is estimated to augment in 2024. Shale production is anticipated to expand from ~23% of total gas production in the US in 2010 to approximately ~49% by 2035. The US has secured its position as one of the leading shale gas producers worldwide. Energy uncertainties owing to geopolitical disturbances are boosting the production of shale gas in the US, which is likely to create major opportunities for oil & gas infrastructure growth in the coming years. The rapid development in the oil & gas sector is anticipated to boost the application of industrial hoses in the US over the forecast period.
Rising population and expanding urbanization are a few factors boosting the consumption of energy worldwide. As per the US Energy Information Administration (EIA), US energy consumption is anticipated to grow through 2050 owing to economic and population growth. Natural gas has the potential application in electricity generation. According to the US Energy Information Administration, natural gas production and demand are anticipated to rise in the US in 2024. Natural gas production is anticipated to reach 105.12 billion cubic feet per day by 2024, rising from 99.60 billion cubic feet and 103.68 billion cubic feet per day in 2022 and 2023, respectively. Thus, the rise in demand for natural gas and growth in the oil & gas sector are driving the US industrial hose market
Increasing Smart City Initiatives and Infrastructure Development Projects
Smart cities are rapidly evolving as urbanization is increasing. Water and energy are two of the most often used resources in cities. The overuse of these resources is steadily depleting them, which can potentially result in a catastrophic occurrence in the future. Thus, governments across the US are implementing smart water management, which promotes efficient wastewater management and treatment using technology. A smart city uses technology to enhance operational efficiency and information transfer and improve both the quality of government services and citizen welfare. This technology has proven to lead to prominent improvements in water management, dramatically altering the way cities manage their water supplies. Smart cities use innovative techniques to improve water management, resulting in more efficiency, cost savings, and proactive decision-making. The rise in technology adoption is due to its features that include collecting data, managing operations, and planning upgrades to support the transition to a more efficient and effective utility infrastructure in smart cities. Smart cities optimize water management operations with accurate and real-time data, allowing for increased infrastructure efficiency and resulting in decreased energy usage and expenditures.
The integration of computer models, field data, and Supervisory Control and Data Acquisition (SCADA) systems can help streamline operations and identify areas for rehabilitation or improvement in a water system. According to Smart America, in June 2022, city governments in the US announced their plan to invest approximately US$ 41 trillion in infrastructure upgrades and the implementation of Internet of Things solutions over the next 20 years. In 2023, the Bipartisan Infrastructure Law by the Federal Transit Administration funded over US$ 300 billion for projects meant to rebuild and repair roads and bridges in the US. In addition, in 2023, it provided financial aid of US$ 25 billion to renovate and upgrade airports and US$ 17 billion to improve US ports and waterways. Such initiatives are projected to support the development of smart cities. These smart cities are expected to have a proper smart water management system and treatment activities, which require next-generation industrial hoses. Thus, the growing number of smart city initiatives is projected to increase the demand for next-generation industrial hoses, which is likely to fuel market growth in the coming years.
US Industrial Hose Market Report Segmentation Analysis
Key segments that contributed to the derivation of the US industrial hose market analysis are material type and end-user industry.
- In terms of material type, the US industrial hose market is divided into PVC, rubber, polyurethane, silicone, composites, and others. The rubber segment dominated the market in 2023.
- In terms of end-user industry, the US industrial hose market is divided into automotive, water and wastewater, oil and gas, infrastructure, food and beverages, mining, chemical, and others. The oil and gas segment dominated the market in 2023.
US Industrial Hose Market Share Analysis
The geographic scope of the US industrial hose market report offers a detailed country analysis. Growing urbanization and increasing government focus on infrastructural development promote the demand for industrial hoses in urban and rural areas, majorly in water and wastewater treatment facilities and sewer and drainage services. For instance, in March 2024, the US Department of Agriculture Rural Development announced a contribution of US$ 16.9 million for water and sewer development projects in rural Michigan. In April 2024, the US government announced US$ 320 million for the development of Tribal Domestic Water Infrastructure. In February 2024, the US government invested US$ 772.6 million across 216 projects in 45 states, Puerto Rico, and the Northern Mariana Islands. Further, US$ 644.2 million is committed to strengthening rural utilities, allowing 158 projects to offer wastewater systems for over 900,000 individuals. In 2023, Massachusetts secured ~US$ 260 million for upgrading sewer and water infrastructure. The major share of the funding came from the US government's US$ 1 trillion infrastructure law, authorized in November 2021, along with the American Rescue Plan Act, which assigns nearly US$ 2 trillion in funding for several infrastructure projects across the US. The city of Haverhill secured more than US$ 12.8 million in 2023 for upgrading water and sewer infrastructure. In addition, the city of Lawrence secured US$ 6.8 million for several stormwater and sewer projects.
US Industrial Hose Market Report Scope
US Industrial Hose Market News and Recent Developments
The US industrial hose market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the US industrial hose market are listed below:
- RYCO announced the launch of its new Industrial Hoses product range. RYCO Industrial Hoses cover a wide range of non-hydraulic fluid conveying applications, including fuel, steam, air, chemicals, foodstuffs, and abrasives. (Source: RYCO, Press Release, January 2024)
- Continental, a global leader in rubber and technology products for industrial sectors, has announced the new PC160i Crimper technology that takes the guesswork out of hose crimping, ensuring a reliable connection with every new hose application. (Source: Continental, Press Release, May 2024)
US Industrial Hose Market Report Coverage and Deliverables
The "US Industrial Hose Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- US industrial hose market size and forecast at country levels for all the key market segments covered under the scope
- US industrial hose market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- US industrial hose market analysis covering key market trends, country framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the US industrial hose market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Novaflex Inc., Parker Hannifin Corp, Kuriyama of America Inc., Gates Corporation, Norres, Kanaflex Corporation, Danfoss AS, Flexaust Inc., Jason Industrial Inc., and Polyhose Inc. are the key market players operating in the US industrial hose market.
The adoption of new machinery such as sewage cleaners, drain management machines, and other required equipment is rising with the increasing urbanization. The US government has been pushing its investment limits to support municipal departments with a better drainage system, which also allows them to keep their respective states cleaner.
In urban and rural areas, there is an increased demand for wastewater and water treatment plants; hence, the US government has started investing extensively in water treatment plants. In August 2022, the United States Department of Agriculture (USDA) announced a US$ 75 million investment in infrastructure improvements that involved providing clean drinking water and sanitary wastewater systems to Greenbrier County residents in the rural area.
1. Introduction 9
1.1 The Insight Partners Research Report Guidance. 9
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. US Industrial Hose Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Raw Material Providers:
4.3.2 Industrial Hose Manufacturers and Distributors:
4.3.3 End-Users:
4.3.4 List of Vendors in the Value Chain
5. US Industrial Hose Market – Key Market Dynamics
5.1 US Industrial Hose Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rise in Investments in Water Treatment Plants Across US
5.2.2 Development in Oil & Gas Sector in US
5.2.3 Extensive Applications of Industrial Hoses in Growing Automotive Industry
5.3 Market Restraints
5.3.1 1.1.4 Volatile Raw Material Prices and Impact of Macroeconomic Factors
5.4 Market Opportunities
5.4.1 Growing Government Investments in Efficient Sewer and Drain Infrastructure
5.4.2 Increasing Smart City Initiatives and Infrastructure Development Projects
5.5 Future Trends
5.5.1 Introduction of Environment-Friendly and Sustainable Industrial Hoses:
5.6 Impact of Drivers and Restraints:
6. US Industrial Hose Market – Global Market Analysis
6.1 US Industrial Hose Market Revenue (US$ Million), 2021–2031
6.2 US Industrial Hose Market Forecast Analysis
7. US Industrial Hose Market Analysis – by Material Type
7.1 PVC
7.1.1 Overview
7.1.2 PVC: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Rubber
7.2.1 Overview
7.2.2 Rubber: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Polyurethane
7.3.1 Overview
7.3.2 Polyurethane: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Silicone
7.4.1 Overview
7.4.2 Silicone: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Composites
7.5.1 Overview
7.5.2 Composites: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8. US Industrial Hose Market Analysis – by End Use Industry
8.1 Automotive
8.1.1 Overview
8.2 Water and Wastewater
8.2.1 Overview
8.2.2 Water and Wastewater: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Oil and Gases
8.3.1 Overview
8.3.2 Oil and Gases: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Infrastructure
8.4.1 Overview
8.4.2 Infrastructure: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Food and Beverage
8.5.1 Overview
8.5.2 Food and Beverage: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8.6 Mining
8.6.1 Overview
8.6.2 Mining: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8.7 Chemical
8.7.1 Overview
8.7.2 Chemical: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
9. Competitive Landscape
9.1 Heat Map Analysis of Key Players
9.2 Company Positioning & Concentration
10. Industry Landscape
10.1 Overview
10.2 Product Development
10.3 Mergers & Acquisitions
11. Company Profiles
11.1 Eaton Corp Plc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Novaflex Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Parker Hannifin Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 KURIYAMA OF AMERICA INC.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Gates Corporation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Norres
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 KANAFLEX CORPORATION
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Polyhose Germany GmbH
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Jason Industrial
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Flexaust Inc.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
List of Tables
Table 1. US Industrial Hose Market Segmentation
Table 2. List of Vendors
Table 3. US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by Material Type
Table 5. US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million) – by End Use Industry
List of Figures
Figure 1. US Industrial Hose Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem Analysis
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. US Industrial Hose Market Revenue (US$ Million), 2021–2031
Figure 6. US Industrial Hose Market Share (%) – by Material Type (2023 and 2031)
Figure 7. PVC: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Rubber: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Polyurethane: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Silicone: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Composites: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Others: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. US Industrial Hose Market Share (%) – by End Use Industry (2023 and 2031)
Figure 14. Automotive: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Water and Wastewater: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Oil and Gases: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Infrastructure: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Food and Beverage: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Mining: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Chemical: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Others: US Industrial Hose Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Heat Map Analysis of Key Players
Figure 23. Company Positioning & Concentration
The List of Companies - US Industrial Hose Market
- Eaton Corp Plc
- Novaflex Inc
- Parker Hannifin Corp
- Kuriyama of America Inc.
- Gates Corporation
- Norres
- Kanaflex Corporation
- Polyhose Germany GmbH
- Jason Industrial
- Flexaust Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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