Global Metal Hoses Market growing at a CAGR of 4.3% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Sep 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the Metal Hoses market is predicted to grow at a compound annual growth rate of 4.3% from 2023 to 2030 and is expected to reach USD 4,499.75 million in 2030 which was valued at USD 3,217.61 million in 2022.
The report highlights the increasing adoption of metal hoses for transporting different types of fuel in various applications, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the metal hoses market.
Global Metal Hoses Market By Overview
The Metal Hoses market is bifurcated into product type, application, and end-use industry. Based on product type the market is segmented into strip wound hoses and corrugated hoses. In 2022, the corrugated hoses segment dominate the overall metal hoses market. The application segment is categorized into steam piping systems, fuel delivery lines, high pressure lubrication lines, oil patch, and offshore. In 2022, the fuel delivery lines segment accounted for the highest market share in the metal hoses market. The end-use industry segment is categorized into chemical industry, petroleum industry, food industry, agricultural industry, and others. In 2022, the petroleum industry segment accounted for the highest market share in the metal hoses market.
Get Free SampleMarket Dynamics
Driver:
- Increasing use in oil and gas industry is accelerating the growth of the metal hoses market.
- Increasing demand for leak-free system are accelerating the market growth.
Restraints:
- The availability of alternative materials is posing a major bottleneck for the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Strip Wound Hose, and Corrugated Hose |
| By Application | Steam Piping Systems, Fuel Delivery Lines, High Pressure Lubrication Lines, Oil Patch and Offshore |
| By End-Use Industry | Chemical Industry, Petroleum Industry, Food Industry, Agricultural Industry, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the study, the market is dominated by certain major companies such as Hose Master LLC, BOA Holding GmbH, American Boa, Kuri Tec Corporation, Unisource Manufacturing, 4-STAR Hose and Supply, International Metal Hose Company, and Parker NA, which have a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and others. Furthermore, the Metal Hoses market is expected to witness substantial growth in the coming years due to the growing investment in oil & gas industry and technological advancement in metal hoses by companies in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Hose Master LLC
- BOA Holding GmbH
- American Boa
- Kuri Tec Corporation
- Unisource Manufacturing
- 4-STAR Hose and Supply
- International Metal Hose Company
- Parker NA
- Polyhose India Pvt Ltd
- AEROFLEX
