"Global Industry Analysis 2013 to 2017 and Opportunity Assessment 2018 to 2028" examines the Industrial Hose Assemblies market and offers crucial insights for the following ten years. The report's conclusions state that there will likely be an increase in demand for hoses across a variety of end use industries that use fluid transferring and handling systems. The estimated value of the global Industrial Hose Assemblies market in 2018 was US$ 19,973.7 Million. By the end of 2028, it is projected to grow at a CAGR of 6.5% to reach US$ 37,556.7 Million.

Global Industrial Hose Assemblies Market: Dynamics   

Global Industrial Hose Assemblies market is driven by increasing construction, mining, agricultural and several other industrial activities that have led to improved demand for fluid transfer and handling equipment. One of the highlights of using Industrial Hose Assemblies in such applications is their capability to deliver or transfer the material with higher efficiency indirectly providing cost-effective solutions. This makes it the ideal transmission system for industrial equipment, automotive and off road vehicles including construction vehicles, mining equipment and material handling equipment. Additionally, Industrial Hose Assemblies are more versatile than simple tubes and piping mechanisms as they provide better results in extreme environmental conditions. Industrial Hose Assemblies are also preferred by various end users owing to several advantages such as higher resistance towards temperature, pressure and chemical reaction among others further benefitting the growth of the market in the coming years.

Get a Sample Copy of the Report@
https://www.futuremarketinsights.com/reports/sample/rep-gb-3751

However, there are some disadvantages associated with using Industrial Hose Assemblies that can hinder the growth of the market in the near future. Some of the factors include high dependency on various industrial activities, intense competition and distributed customer presence in various countries.

Global Industrial Hose Assemblies Market: Forecast

By material, the rubber segment is expected to hold the largest market share owing to higher end use applications and higher efficiency for transferring fluid in medium pressure and high pressure applications. The rubber segment is expected to dominate the global market capturing a market share of 60.9% by 2018 end. Additionally, the segment is expected to grow with a higher CAGR and is forecasted to hold a market share of about 63.8% by 2028 end.

On the basis of product type, the medium pressure segment holds a dominating position in the global industrial hose assemblies market owing to wide range of applications of medium range pressure hoses in several industries. In terms of value, the market size for the medium pressure segment is estimated to be pegged at US$ 10,424.9 Million by end of 2018. Growing with a healthy CAGR of 7.0%, the market for the medium pressure segment is estimated to reach US$ 20,528.7 Million by the end of the forecast period.

On the basis of end user, the food and beverage segment is expected to dominate the market with a market share of 18.5% by the end of 2018 and is projected to hold the same throughout the forecast period owing to improved demand from food and beverage industries and increasing automation requirements. However, it is the general manufacturing segment that is expected to grow with a higher CAGR than the other segments owing to higher demand for material handling and transferring equipment.

From a regional perspective, North America is expected to lead with a market value share of 23.5% by 2018 end; however, China is expected to surpass North America and dominate the market by the end of the forecast period. However, other regional markets are coming up to gain market share similar to North America including Western Europe and South East Asia and Pacific owing to higher growth witnessed in the demand and manufacture of various end use equipment such as agricultural, mining and construction equipment. If we look at the North American market, both U.S. and Canada are expected to play an important role in the growth of the overall market due to their positioning as renowned off road vehicle manufacturer regions. The markets in Latin America, Middle East & Africa and Eastern Europe hold similar but considerably smaller market share in value terms due to the fact that production of end use equipment is quite limited in these regions; however, the market share in Eastern Europe may expect to improve owing to improving agricultural equipment manufacturing in Russia.

Global Industrial Hose Assemblies Market: Competitive Landscape

Some of the key players involved in the manufacture of Industrial Hose Assemblies that have been included in the study are Eaton Corp. PLC, Parker Hannifin Corp., Gates Corporation, Continental AG, Trelleborg AB, Semperit AG Holding, Polyhose India Pvt. Ltd., Campbell Fittings, Inc. etc. Key market players are focussing on product innovation and differentiation with unique capabilities to strengthen their market positioning across the globe.

More from FMI‘s Cutting-edge Intelligence:

Tipper Body Equipment Market Segmentation By Tipping Type – Roll-Off Tipper Body, 3-Way Tipper Body and Rear Tipper Body; By Load Carrying Capacity – Below 15 Tons, 15-30 Tons, 30 Tons & Above; By Mechanism – Hydraulic and Pneumatic; By Frame Material – Steel and Aluminium; By End Use – Mining, Construction, Waste Management, Marine Services and Others

Gaskets and Seals Market Segmentation By Product Type – Gaskets (Jacketed Gaskets, Solid Gaskets, Spiral Wound Gaskets, Kammprofile Gaskets), Seals (Static Seals, Dynamic Seals); By Sales Channel – OEM, Aftermarket; By Material Type – Metallic, Non-Metallic (Elastomeric, Others); By End Use Industry – Automotive, Aerospace, Machinery, Electronics & Electrical, Marine & Rail, Others

High Pressure Processing Equipment Market Segmentation By Application – Fruits & Vegetables, Juice & Beverages, Meat, Sea Food and Other; By Product Type – Below 100 Litres, 100 Litres-300 Litres and Above 300 Litres; Vessel Arrangement – Vertical and Horizontal

Key Segments :

Industrial Hose Assemblies by Material Type

·         Rubber Industrial Hose Assemblies

·         Plastics Industrial Hose Assemblies

·         Metal Industrial Hose Assemblies

Industrial Hose Assemblies by Product Type

·         Low Pressure Industrial Hose Assemblies

·         Medium Pressure Industrial Hose Assemblies

·         High Pressure Industrial Hose Assemblies

Industrial Hose Assemblies by Component Type

·         Industrial Hose Assemblies

·         Industrial Hose Fittings

Industrial Hose Assemblies by End User

·         Industrial Hose Assemblies for Food & Beverages

·         Industrial Hose Assemblies for Construction & Mining

·         Industrial Hose Assemblies for Chemical & Pharmaceuticals

·         Industrial Hose Assemblies for Oil & Gas

·         Industrial Hose Assemblies for Automotive

·         Industrial Hose Assemblies for Agriculture

·         Industrial Hose Assemblies for General Manufacturing

·         Industrial Hose Assemblies for Other End Users

Industrial Hose Assemblies by Region

·         North America Industrial Hose Assemblies Market

·         Latin America Industrial Hose Assemblies Market

·         Western Europe Industrial Hose Assemblies Market

·         Eastern Europe Industrial Hose Assemblies Market

·         South East Asia & Pacific Industrial Hose Assemblies Market

·         Middle East & Africa (MEA) Industrial Hose Assemblies Market

·         China Industrial Hose Assemblies Market

·         Japan Industrial Hose Assemblies Market