Gates Corporation, PARKER HANNIFIN CORP and Eaton are Dominating the Global Industrial Hoses Market in 2019

Global Industrial Hoses Market is expected to grow with the CAGR of 5.7% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global industrial hoses market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global industrial hoses market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in October 2018, Kurt Manufacturing Company announced the launch of Kurt Tuff Hose for high pressure application. The new product will offer 6500 Psi pressure for rugged and high pressure application. This increased the product portfolio of the company.

Eaton is the dominating player in global industrial hoses market. The other key players existing in the market includes PARKER HANNIFIN CORP, RYCO Hydraulics, Kurt Manufacturing, NORRES Schlauchtechnik GmbH, Transfer Oil S.p.A, ContiTech AG , Kanaflex Corporation Co.,ltd., Pacific Echo, Colex International Limited, UK, Gates Corporation, Semperit AG Holding, Flexaust Inc., Salem-Republic Rubber Company, PIRTEK, Dixon Valve & Coupling Company, LLC, Titan Fittings.

Industrial Hoses MarketGates Corporation

Gates Corporation is headquartered in Denver, U.S. and was established in year 1911. The company focus on specific fluid power along with transmission solutions which is going to continuously exceed. The company operates in power transmission, fluid power segments out of which fluid power is market focused segment. The company offers wide range of product categories such as power transmission, fluid power, other in which fluid power is market focused category.

  • In March 2019, Gates Corporation announced the launch of ProXT hydraulic hoses for hydraulic applications. The new product will be available in seven sizes and expands it PRO series product line. This product increased the product portfolio and customer base of the company.

The company has wide global presence across Americas, Europe, Middle East & Africa, Asia -Pacific with its various subsidiaries such as Air System Components LP (U.S.), Hart & Cooley Inc (U.S.), Gates Polska S.p.z.o.o. (Poland) and Gates Unitta Asia Trading Company Pte Ltd (Singapore) among others.

PARKER HANNIFIN CORP

PARKER HANNIFIN CORP is headquartered in Ohio, U.S. was founded in 1917. The company provides broad range of technologies like hydraulic, electromechanical and pneumatic with a full handling with focus on agriculture, water, energy, life sciences, transportation and infrastructure. The company operates in diversified industrial, aerospace systems out of which diversified industrial is market focused segment. The company offers product categories which are aerospace systems and technologies, air preparation (FRL) and dryers, cylinders and actuators, EMI shielding, filters, separators and purifiers, fittings and quick couplings, gas generators, hose, piping, tubing and t-slot framing, medical and dental equipment, motors, drives and controllers, power take offs and drive systems, pumps, refrigeration and air conditioning, regulators, monitors, sensors and flow control, seals and O-Rings, thermal and power management, valves out of which hose, piping, tubing and T-Slot framing is market focused category.

  • In October, PARKER HANNIFIN CORP which is engaged in providing broad range of technologies such as hydraulic, electromechanical and pneumatic for agriculture, water, energy, life sciences, transportation and infrastructure launched 187 Hose, a 7MPa / 1000 psi constant working pressure hose. The new products can perform in higher pressure conditions in mining applications. This product launch helped the company to increase its product portfolio in hoses category.

The company has wide global presence across Americas, Europe, Middle East & Africa, Asia-Pacific and generates revenue from subsidiaries such as LORD Corporation (U.S.), Clarcor (U.S.), Domnick Hunter (U.K.), Parker Korea (Korea), Parker Hannifin France SAS (France) and among others.

Eaton

Eaton, headquartered in Dublin, Ireland was founded in 1911. The company focuses on improving quality of life with environment using power management services and technologies along with sustainable solutions in hydraulic, electrical and mechanical power. The company operates in Electrical Products, electrical systems and services, vehicle, hydraulics, aerospace, emobility segments out of which hydraulics is market focused segment. the company provides actuators and motion control, back-up power, ups, surge & it power distribution, clutches and brakes, conduit, cable and wire management, cylinders, differentials and traction control, ducting solutions, electrical circuit protection , electronic components, emobility and vehicle electrical components, enclosures, engine solutions, filtration solutions, fuel systems emissions and components, furniture, golf grips, hose, tubing, fitting and connectors, hydraulic power units and heat exchangers, industrial control, drives, automation & sensors, lighting and controls, low-voltage power distribution & controls systems, medium-voltage power distribution & control systems, motors & generators, plastics, process safety, automation, test & measurement, pumps, residential, safety, security & emergency communications, server racks, enclosures & airflow management, steering systems, support systems, transmissions, utility & grid solutions, valves, wiring devices & connectivity out of which hose, tubing, fitting and connectors are market focused product category.

  • In September 2019, Eaton Company announced the launch of blow out preventer hose for oil and gas industry. The new product Eaton EC556 BOP is tested for fire and is API 16D 10.1.2 approved. This increased the customer base and product portfolio of the company.

The company has presence across the globe in North America, South America, Europe, Middle East and Africa, Asia-Pacific, Oceania region. In addition to it, the company also generates its revenue from the various subsidiary companies such as crouse hinds (U.S.), souriau (France), Wheelock (Hong Kong), COOPER BUSSMANN (U.S.), Arrow Hart S.A. de C.V. (Mexico) and among others.