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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Industrial Hose Market Growth
Based on application, the oil and gas segment is expected to lead the industrial hose market in North America. The robust presence of oil and gas industry, especially in the United States, is expected to bolster the market growth in the coming years. The market will be further supported in the segment by the rapid growth in demand from the automotive and transportation sector.
The construction and mining segment is also anticipated to account for a significant share in the market in the forecast period. This can be attributed to the growing construction activities in the region, owing to the rising investments by major business players, growing population, and rising economy. Furthermore, the technological advancements in the chemical and pharmaceutical industry in United States of America is likely to propel the demand for industrial hose, which will further aid the market growth. Meanwhile, the automotive industry is estimated to occupy a significant share in the market, owing to the rising demand for automobiles, in which automotive hose is a vital component, which helps the vehicle cool down quickly, by eradicating excess of heat.
North America Industrial Hose Market Report Snapshots
North America Industrial Hose Market Size
North America Industrial Hose Market Growth
North America Industrial Hose Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of approximately USD 2.64 billion.
The market is projected to grow at a CAGR of 3.38% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3.38 billion by 2032.
The major drivers of the market include the expansion of oil and gas industry, and the growing demand for durable industrial hoses that can withstand high temperature and pressure.
The key market trends include the rising PVC material consumption and the expanding infrastructural activities.
The major countries in the market are the United States and Canada.
The significant materials include rubber, polyvinyl chloride (PVC), silicone, and polyurethane, among others.
The various medias include air and gas, chemical, oil, water and steam, and food and beverage, among others.
The leading industries in the market include agriculture, automotive, oil and gas, food and beverages, chemical and pharmaceuticals, water and wastewater, and construction and mining, among others.
The key players in the North America industrial hose market are Eaton Corporation, Parker Hannifin Corporation, Gates Industrial Corporation, Kurt Manufacturing Company, HBD Industries Inc., NovaFlex Group, Kuriyama of America, Inc., and Copper State Rubber, Inc, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124