Jun 29, 2021   SOURCE: BusinessWire

North American Industrial Hose Market Report 2021-2026, Featuring Eaton Corporation, Parker Hannifin Corporation, Kurt Manufacturing Company, NovaFlex Group and More - ResearchAndMarkets.com

The "North America Industrial Hose Market Report and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The North American industrial hose market attained a value of USD 2729 million in 2020. Aided by the robust growth of the automotive sector, the market is projected to further grow at a CAGR of 3.5% between 2021 and 2026 to reach a value of USD 3539 million by 2026.

An industrial hose is a flexible tube used to convey liquids and gases in various industries. It increases productivity and saves time by enabling effective dispensation of liquid. Moreover, it prevents safety hazards that could cause serious accidents by prohibiting damage and wear. The use of polyvinyl chloride (PVC) in hoses can enhance its durability and reliability significantly. In addition, PVC hoses are water-resistant, corrosion and abrasion resistant, and chemical resistant. They have anti-shock, anti-weathering, and anti-rotting properties, owing to which they are extensively used in major industries. Furthermore, industrial hoses are cost-effective, durable, versatile, safe, and stable. These features that make them ideal for extensive use in various industries are propelling the market growth in North America.

The industrial hose industry in North America is being driven by the robust growth of the automotive industry. The United States is one of the biggest markets of the automotive industry for vehicle sales and production. Moreover, innovative strategies, various research and development (R&D) activities, and favourable government initiatives are aiding the growth of the industry. The use of industrial hoses in the automobile cooling system to carry the coolant through the engine at an optimal temperature is aiding the market growth. Moreover, they are used to convey pressure and vacuum signals to control circuits, cooling, heating, brake, and locking systems. This is further augmenting the market growth.

The introduction of various stringent government initiatives is increasing the demand for fuel-efficient vehicles. As industrial hose can carry coolant efficiently, it is increasing fuel-efficiency, hence invigorating the growth of the industrial hose industry. In addition, the rapid adoption of the latest technologies in the region is increasing the demand for automated and electrical vehicles. This is expected to provide further impetus to the market growth.

The market report analyses the market based on segmentations such as material, media, industry, and major countries.

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry.

Some of the major players in the market explored in the report are:

  • Eaton Corporation
  • Parker Hannifin Corporation
  • Gates Industrial Corporation
  • Kurt Manufacturing Company
  • HBD Industries Inc.
  • NovaFlex Group
  • Kuriyama of America, Inc.
  • Copper State Rubber, Inc

     

Key Topics Covered:

1 Preface

2 Report Coverage - Key Segmentation and Scope

3 Report Description

4 Key Assumptions

5 Executive Summary

6 Snapshot

7 Industry Opportunities and Challenges

8 North America Industrial Hose Market Analysis

9 Regional Analysis

10 Market Dynamics

11 Value Chain Analysis

12 Competitive Landscape

  • Eaton Corporation
  • Parker Hannifin Corporation
  • Gates Industrial Corporation
  • Kurt Manufacturing Company
  • HBD Industries Inc.
  • NovaFlex Group
  • Kuriyama of America, Inc.
  • Copper State Rubber, Inc

13 Industry Events and Developments

For more information about this report visit https://www.researchandmarkets.com/r/8qtz5h

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