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Press Release

Dec, 04 2023

Growing Infrastructure Related Developments is Expected to Drive the Growth of Europe Hoses Market

There are several infrastructure-related developments related to hoses, particularly in industries that require the transport of liquids or gases through hoses. Some of these developments include hose manufacturing technology. The development of new manufacturing techniques allowed the production of hoses with improved properties, such as increased flexibility, durability, and chemical resistance. These advances have led to the development of specialized hoses for specific applications, such as high-pressure hoses for hydraulic systems or chemical-resistant hoses for the chemical industry.

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Data Bridge Market Research analyzes that the Europe Hoses Market is expected to reach USD 11,046,187.82 thousand by 2031 from USD 7,031,388.79 thousand in 2024, growing with a substantial CAGR of 6.1% in the forecast period of 2024 to 2031.

Key Findings of the Study

Europe Hoses Market

Rapid Product Development Related to Hoses Drives Market Growth

The hose industry has experienced significant product development and innovation advancements in recent years. These developments have been driven by the need for better-performing hoses that can withstand harsh environments and deliver greater reliability. Some notable advancements in hose technology include using new materials such as thermoplastic elastomers and high-performance polymers, which offer improved resistance to abrasion, chemicals, and high temperatures. In addition, advancements in manufacturing techniques, such as 3D printing and injection molding, have allowed for more complex and customized hose designs. In addition, rapid prototyping technologies have enabled manufacturers to design and test new hose products more quickly and efficiently, allowing for faster product development and time-to-market. Furthermore, integrating sensors and IoT technology into hose systems has enabled real-time monitoring of hose performance, enabling predictive maintenance and reducing downtime.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Thousand

Segments Covered

Media (Hydraulic Hoses, Air and Gas Hoses, Material Handling Hoses, Steam Hoses, Sweeper/ Vacuum Hoses, and Others), Material (Rubber Hoses, Plastic/Polymer Hoses, Metal Hoses, Composite Hoses, Silicon Hoses, and Others), Length (Long Length (More than 50 Feet) and Short Length (Upto 50 Feet)), Shape (Molded Hoses and Straight Hoses), Pressure (High Pressure, Medium Pressure, and Low Pressure), Type (Spiral Wire Hydraulic Hose and Wire Braided Hydraulic Hose), End-User (Industrial, Commercial, and Residential), Sales Channel (Indirect and Direct)

Countries Covered

Germany, U.K., France, Netherlands, Italy, Spain, Switzerland, Russia, Turkey, Belgium, Poland, Sweden, Denmark, Norway, Finland, and Rest of Europe

Market Players Covered

 Gummi Hansen GmbH (Germany), Silrem Gummitechnik GmbH (Germany), Watson-Marlow Fluid Technology Solutions (A subsidiary of Spirax-Sarco Engineering plc) (U.K.), Dunlop Hiflex AB (Sweden), KURIYAMA EUROPE COÖPERATIEF U.A. (Subsidiary of Kuriyama Holdings Corp.) (Netherlands), Copely Developments Ltd (U.K.), Gates Corporation (U.S.), Trelleborg AB (Sweden), Semperit AG Holding (Austria), TRICOFLEX SAS (France), Artel Rubber Company (U.K.), Transfer Oil S.p.A. (Italy), Jakob Eschbach (Germany), Masterflex Group (Germany), Continental AG (Germany), Colex International Limited, UK. (U.K.), Danfoss (Denmark), POLYHOSE Germany GmbH (Germany), Parker Hannifin Corp (U.S.), Robert Bosch Power Tools GmbH (A subsidiary of Robert Bosch GmbH) (Germany), Manuli Hydraulics (U.K.), NORRES Schlauchtechnik GmbH (Germany), SIC (Hungary), Gollmer & Hummel GmbH (Germany), and SCHAUENBURG GROUP (Germany) among others

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Segment Analysis

The Europe hoses market is segmented into eight notable segments based on media, material, length, shape, pressure, type, end-user, and sales channel.

  • On the basis of media, the market is segmented into hydraulic hoses, air and gas hoses, material handling hoses, steam hoses, sweeper / vacuum hoses, and others

In 2024, the hydraulic hoses segment is expected to dominate the market

In 2024, hydraulic hoses segment is expected to dominate the market with a 69.32% market share due to their ability to efficiently transmit power and fluid under high pressure and in demanding industrial applications.

  • On the basis of material, the market is segmented into rubber hoses, plastic/polymer hoses, metal hoses, composite hoses, silicon hoses, and others

In 2024, the rubber hoses segment is expected to dominate the market

In 2024, rubber hoses segment is expected to dominate the market with a 33.10% market share due to its durability, flexibility, and resistance to abrasion and chemicals.

  • On the basis of length, the market is segmented into long length (more than 50 feet) and short length (upto 50 feet). In 2024, long length (more than 50 feet) segment is expected to dominate the market with a 58.49% market share
  • On the basis of shape, the market is segmented into molded hoses and straight hoses. In 2024, molded hoses segment is expected to dominate the market with a 62.56% market share
  • On the basis of pressure, the market is segmented into high pressure, medium pressure, and low pressure. In 2024, high pressure segment is expected to dominate the market with a 40.43% market share
  • On the basis of type, the market is segmented into spiral wire hydraulic hose and wire braided hydraulic hose. In 2024, spiral wire hydraulic hose segment is expected to dominate the market with a 59.54% market share
  • On the basis of end-user, the market is segmented into industrial, commercial, and residential. In 2024, industrial segment is expected to dominate the market with a 85.31% market share
  • On the basis of sales channel, the market is segmented into indirect and direct. In 2024, direct segment is expected to dominate the market with a 62.96% market share

Major Players

Data Bridge Market Research analyzes Parker Hannifin Corp (U.S.), Continental AG (Germany), Tricoflex SAS (France), Trelleborg AB (Sweden), and Manuli Hydraulics (U.K.) as the major market players of the Europe hoses market.

Europe Hoses Market

Market Developments

  • In July 2022, Continental AG acquired NorrVulk AB to strengthen its industrial business in Sweden. The technology company's portfolio for the sale of conveyor belt systems and related services is enhanced by this acquisition, which also enhances its relationships with industrial clients in the area. The acquisition has helped the company to increase its footprint in the European region
  • In June 2022, Continental AG restructured the Oedelsheim/Hann Münden production network and its German hose facilities. German production facilities serve as the business area's innovation engines while also closely matching the Mobile Fluid Systems (MFS) business area's requirements with those of the automobile and commercial vehicle markets, which have been undergoing constant change for a number of years. Such steps help the company to improve its facilities and product portfolio to expand their market
  • In November 2021, Parker Hannifin Corporation unveiled its innovative 2030T-V70CON convoluted PTFE hose, a groundbreaking product from their Polymer Hose Division Europe. Designed to overcome the limitations of traditional hose types, this advanced hose offers exceptional performance in demanding applications. This versatile hose is suitable for a wide range of uses, including industrial machinery, transportation, and fluid handling systems, making it a game-changer in hose technology
  • In July 2021, TRICOFLEX SAS announced that the company had launched two new Flexi Spray & Air-Jet hoses. These hoses are lightweight and offer high resistance with a life cycle of more than 10,000 pressure cycles. Through this launch, the company has increased its offerings in the global hoses market
  • In October 2019, Parker Hannifin Corporation unveiled their innovative 6722 X-Treme silicone hose series, specially designed for demanding thermal management applications in extreme environments. Compliant with the rigorous SAE J20 R3 Class A specification, these hoses offer exceptional performance and low maintenance requirements. This development addresses the evolving needs of industrial applications seeking robust temperature-handling solutions

Regional Analysis

Geographically, the countries covered in the market report are Germany, U.K., France, Netherlands, Italy, Spain, Switzerland, Russia, Turkey, Belgium, Poland, Sweden, Denmark, Norway, Finland, and Rest of Europe

As per Data Bridge Market Research analysis:

Germany is expected to dominate and be the fastest-growing country in the Europe hoses market.

In 2024, Germany is expected to dominate and be the fastest-growing country in the market due to its strong manufacturing infrastructure, quality standards, and technological innovation forecast period 2024 to 2031

For more detailed information about the Europe hoses market report, click here – https://www.databridgemarketresearch.com/reports/europe-hoses-market


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