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As per the analysis by Expert Market Research, the North America industrial hose market is expected to grow at a CAGR of 3.6% in the forecast period of 2023-2028, owing to the constant boom in residential and commercial construction projects in North America.
Gates Industrial Corporation, Eaton Corporation, Parker Hannifin Corporation, NovaFlex Group, Kurt Manufacturing Company, HBD Industries Inc., Kuriyama of America, Inc., and Copper State Rubber, Inc are the major players in the industrial hose market in North America.
As per the analysis by Expert Market Research, the North America industrial hose market is expected to grow at a CAGR of 3.6% in the forecast period of 2023-2028, owing to the constant boom in residential and commercial construction projects in North America.
The increasing sales of automobiles and automotive parts in North America are driving the industrial hose industry. Industrial hoses improve fuel economy and strengthen engine performance. Therefore, the increasing demand for electric vehicles in the area is predicted to help the market. The region's agriculture sector is expected to rapidly modernise in order to reduce labour costs and boost efficiency, which will likely further fuel the North America industrial hose market expansion.
During the forecast period, it is expected that the construction and mining segment will have a significant market share. This is explained by the increased construction activities in the area, which are brought on by large investors, population growth, and economic growth. Additionally, the technological developments in the United States chemical and pharmaceutical industries are going to increase the demand for industrial hoses, which will help the market expand. In the upcoming years, the market growth is anticipated to be supported by the oil and gas sector's strong presence, particularly in the United States.
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Headquarters: | Dublin, Ireland |
Establishment: | 1911 |
Website: | https://www.eaton.com/ |
Eaton is an industry pioneer in intelligent power management and is dedicated to improving people's quality of life and protecting the environment for all. With the help of cutting-edge technology and the knowledge of early creators, Eaton has become the industry leader in industrial hose products. The company’s hoses and hose fittings provide fluid motion solutions for a variety of equipment and applications like aircrafts, vehicles, and mining, among others.
Headquarters: | Ohio, United States |
Establishment: | 1917 |
Website: | https://www.parker.com |
Parker Hannifin have made unique contributions by enabling engineering breakthroughs. They enable and improve machine performance in the hydraulics centre. The company also has a fluid connectors group which is a leader in dry technology and is a source of high-quality hose and hose fittings, tube fittings, thermoplastic tubing, and other assembly tools.
Headquarters: | Colorado, United States |
Establishment: | 2017 |
Website: | https://www.gates.com/ |
Gates is the leading manufacturer of fluid power and power transmission solutions. The company aims to explore the boundaries of material science to engineer products that keep exceeding expectations. They keep investing in research and development so that their products outperform the industry and meet the expectations of the customers. Gates offers fluid power services, hydraulic hose systems and coupling solutions trained with the horsepower of modern energy exploration.
Headquarters: | Minnesota, United States |
Establishment: | 1946 |
Website: | https://www.kurt.com/ |
Kurt Manufacturing helps businesses by providing best quality contract machining, screw machining, aluminium die casting, and custom product solutions. Kurt Hydraulics was developed in 2003 and provides a complete line of hydraulic hoses and couplings. They have an experience of over 35 years in coupling manufacturing solutions. All their products are manufactured with specifications of SAE. They manufacture hydraulic hoses, couplings, and hoses’ accessories.
Headquarters: | Ohio, United States |
Establishment: | 1989 |
Website: | https://www.hbdindustries.com/ |
HBD Industries is a diverse industrial manufacturing company that engages in a variety of engineered product sectors, including industrial rubber, fine components, and power transmission equipment. Their objective is to invest in and build a manufacturing company that leads the industry. The corporation has expanded significantly through the purchase of several enterprises in order to increase the presence and offerings of its manufacturing businesses.
Headquarters: | Illinois, United States |
Establishment: | 1968 |
Website: | https://www.kuriyama.com/ |
The company is involved in producing and marketing a complete line of thermoplastic hoses and its accessories. Eight subsidiaries, six distribution centres, and a number of distributors make up the Kuriyama of America group of companies. They offer a full range of thermoplastic, rubber, and metal hose products and accessories, including couplings and fittings, for use in industrial and commercial applications.
Headquarters: | Texas, United States |
Establishment: | 1957 |
Website: | https://copperstaterubber.com/ |
Copper State Rubber is a distribution company for quality hose products. It also manufactures hoses to meet the requirements of its customers. They moved on to increase the production capacity with the addition of new spiral wire machines.
Headquarters: | Ontario, Canada |
Establishment: | 1977 |
Website: | https://www.novaflex.com/ |
Novaflex is a privately held company that designs and produces hose and duct products for use in the industry for the transportation of liquids, air, chemicals, food, and beverages, among other things They have earned a reputation for providing high quality products for industrial venting and duct systems. They offer advanced technology for dry-disconnect fluid transfer couplings.
Also Read@ https://www.expertmarketresearch.com/pressrelease/north-america-industrial-hose-market
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