Industrial hose sales are likely to witness exponential growth in 2019, registering an upswing from in 2018, driven by increasing clamor for efficient transport channels across industrial ecosystems, as per the latest research by Fact.MR. Industrial hoses remain an integral part of fluid transfer lines across multiple industrial ecosystems, including agricultural, steel, and pulp & paper.
As per the research study, end-use industries seek industrial hoses that aligns with requirements of the target application. End-users are showing marked preferences for industrial hoses that of larger volumes and higher pressures for use in challenging applications.
Fact.MR’s study offers incisive insights on hydraulic hose market. A summary of the report is available on request.
“Challenged by new processes and pressure/volume considerations, majority of end-users count on industrial hose manufacturers who offer products with higher degree of sturdiness and durability. This, in turn, is encouraging manufacturers to devise new strategies for enhancing product attributes and take the performance level a notch higher” says Fact.MR report
Sensing diverse industrial hose requirements from multiple industries, manufacturers are offering engineered state-of-the-art products made from a wide-range of compounds & reinforcements and customized by labels & colors for effective branding. Moreover, manufacturers are making sure that every component of the industrial hoses are tested under harsh environmental conditions, to make the products capable of maximizing value and minimizing downtime for respective end-use applications.
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Demand for Hydraulic Hoses Soar as End-Users Shift to Suitable Alternatives of Traditional Hoses
Hydraulic hoses are best known for their flexibility & strength, which are a result of multiple reinforcement windings, either braided or spiral wound. The demand for hydraulic hose continues to tread on a progressive path, driven by superior flexibility and unparalleled ease of installation. According to the report, the demand for hydraulic hose is likely to grow at a CAGR of more than 5 % over the assessment period of 2018 to 2027, on account of multi-pronged factors driving adoption of hydraulic hoses.
Holistic innovations in hydraulic hoses have played a vital role in boosting the performance levels, while delivering high value to customers. Hydraulic hose gained popularity as an ideal replacement for the conventional rigid pipes, with ameliorated performance during transfer of fluids among several hydraulic components, including valves, actuators, tools, and valves. As the industrial hydraulic systems usually operate
at high pressure levels, the demand for hydraulic hoses reinforced with multiple construction layers and optimal flexibility will continue to intensify.
The Asia Pacific region is likely to remain highly remunerative for the manufacturers of hydraulic hose, with China and India staying at the forefront of demand. Dramatic growth in demand for hydraulic hose in APEJ is primarily driven by pervasive trend of mechanization across different industrial ecosystems. This, in turn, has led to augmented use of advanced equipment, including hydraulic machines. The demand for hydraulic hoses in Europe is picking the pace, on account of rising demand from flourishing transportation and mining industries.
Agriculture retains its hegemony among all other end-users in the hydraulic hose landscape, finds the report. Construction and mining trail the former with moderate growth rates, however transportation is likely to tread on a moderate-to-impressive growth trajectory in terms of demand for hydraulic hose by the end of 2027.
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End-user’s decision making in the hydraulic hose space remains influenced by two key aspects- optimum availability and high budgeting reliability. Accordingly, the hydraulic hose companies are diversifying their product lines to offer their customers a wide-range of certified & quality-based hoses. Another key aspect helping brands with high customer retention is the concept of ‘post-manufacture service’. Multifarious services, including testing, customer-centric coupler installations, documentation, and testing, are being actively sought by end-users to ensure safety. Manufacturers are improving their expertise to deal with the aforementioned services and requirements, as they strive to stay at the forefront of development via customer-specific cases.
The Fact.MR report offers an all-inclusive analysis on global industrial hose market for the assessment period of 2018 to 2027.
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