The anticipated size of the China industrial hoses market in 2022 was close to USD 1.09 billion. Building infrastructure-related activities, rising PVC consumption, and rising demand for durable industrial hoses for key applications in several sectors will all support the local market. It is thus likely to have produced USD 2.4 billion by 2033, alongside a CAGR of 7.4% from 2023 to 2033.
The Chinese market for industrial hoses is expanding primarily due to the increased demand for automobiles. Vehicles frequently employ industrial hoses made of silicon, rubber, and PVC. These industrial hoses are employed to create car engines by employing hose pipes for different engine sub-parts. They are placed in the ductwork of automotive air conditioners to let cool air inside the car. During the predicted period, rising car manufacturing will raise demand for industrial hose. In major automobile manufacturing nations such as China, industrial hoses are employed in the engine building process.
During the projection period, it is anticipated that increasing consumer demand for electric cars would fuel market expansion. For example, the regional sales of electric cars increased significantly in 2022 to a new high of 2.7 million, with more currently sold each week than in prior years, according to the Global Electric Vehicle Outlook. During the projected period, these factors will fuel the market's expansion.
| Report Attribute | Details |
|---|---|
| Estimated Market Value (2022) | USD 1.09 billion |
| Expected Market Value (2023) | USD 1.18 billion |
| Projected Forecast Value (2033) | USD 2.4 billion |
| Anticipated Growth Rate (2023 to 2033) | 7.4% CAGR |
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Demand from the energy application segment increased by 6.8% between 2018 and 2022, giving the industrial hoses markets year-over-year growth of 5.8% in 2022, according to the Future Market Insights report titled China industrial hoses market.
Key factors driving the market are infrastructure-related developments and a growing rate of vehicle production amongst other factors. Escalating demand propelled largely by medical and life sciences is expected to boost the market. High demand for superior-grade materials such as composites, polymers, and steel is expected to support sales.
Frequent improvements in modern hose designs, to decrease the overall weight is gaining importance in the market. Key manufacturers are focusing on offering new product portfolios with a better blend of raw materials to enhance the characteristics of the hoses.
Several manufacturers have been using rubber to manufacture hoses owing to low costs. Integrating digital technologies helps to reduce maintenance for industrial hoses, saving replacement costs and associated downtime, thereby minimizing the impact on hose failures and productivity.
The Commercial Potential of Industrial Hoses in China to Propel Demand
The energy application segment of industrial hoses has risen in recent years as these products provide seamless transportation of media from one place to another adhering to the pressure regulations in plants.
Power generation is becoming important as nations are seeking sustainable development through renewable sources. Power generation plants are essential, which is why many industry leaders are turning towards industrial hoses to ensure minimum leakages and lower operating costs.
The importance of innovative solutions and technology for transferring natural resources from the sea has resulted in the development of cryogenic transfer hoses. Composite cryogenic hoses are used to transfer fluids in low temperatures including LNG, butadiene, butane, and propane mixtures.
Cryogenic transfer hoses can be used to transfer liquid gasses including medical oxygen from one container to another, which has become increasingly important in regions still affected by the pandemic. There has been a greater demand for enhanced safety for hoses and processing operations with the growing number of accidents. Regulatory bodies have formed regulations to improve operational safety.
Pricing Strategies Influencing Developments within the Regional Market
The price of pneumatic hoses per meter has been found to be higher, where polyurethane is the primary material of fabrication. In China, lower production costs in synthetic polymers and steel, accessibility to raw materials, and economies of scale-based production are positively impacting market players.
In the domestic market, tier-3 small companies are involved in part manufacturing and integration with associate vendors often helping in setting sales price per unit costs. In lieu of the economic benefits of production, tier-1 global players are considering the installation of manufacturing facilities in China with strategic collaborations for regional enterprises.
The FDI policies and relaxation in economic liberalization by the government have aided prospects for the near future. International trade disputes may also coerce foreign companies to establish their base in the country.
Lubricant Hoses is Likely to Gain Traction throughout the forecast period
Lubricant hoses held a market of nearly 20.7% in 2022. Lubricant Hoses are flexible conduits for feeding lubricant oil to unreachable and critical machine parts. Lubricant hoses are extensively used on for guns or automotive greasing systems, which will drive demand for the foreseeable future.
PTFE and silicone will be Highly Preferred for Various Industrial Usages
Polymers such as PTFE and silicone are expected to be the preferred material for the design and fabrication of industrial hoses and are expected to hold a market share of 33.1% in 2023.
High ductility, anti-corrosive, temperature resistivity, and lower cost properties will support increased consumption as compared to polyurethane (PUR). The material will find roles in the automotive and construction, agriculture, mining, and gardening sectors. Braided yarns exist to improve system effectiveness and longevity, while effectively resisting expansion due to pressure.
Medium Pressure Intake to Take Up a Prominent Market Share in 2023
Medium pressure intake remained preferred by consumers, accounting for over 30.5% of revenue generated by 2022.
Medium-pressure industrial hoses are widely used in residential and commercial plumbing, construction sites, mines, garages, and the agriculture industry, supporting long-term growth prospects.
These Products is likely to be Dominantly Used Up for Different Vehicles
The vehicle end-user application segment is accounted for a revenue share of =19.2% in 2022. Vehicle and automotive hoses are flexible tubes used to transfer liquids.
These fluids can include fuel, oil, and more. In vehicles, hoses connect independent components such as the radiator, fuel tank, steering, heater, and others.
Increase in the Region’s Manufacturing Capabilities to Enhance Demand
China is the world’s largest manufacturer in terms of output. Its commitment to opening up the economy and low tariff access to several Western markets has caused foreign firms and investors to boost their manufacturing capabilities in China.
The continued foreign direct investments in infrastructure and industrial sectors in 2021 to 2022 reached USD 165 billion. China is expected to generate growth opportunities from the industrial sector in terms of manufacturing output which is expected to create high demand. China accounted for almost 11.2% of the global industrial hoses market in 2022 which can be attributed to its healthy demand from its domestic market which accounts for over 55.4% of the nation’s sales and consumption.
The Key States is anticipated to Occupy a Significant Market Share through 2033
Of the provinces of China, the key states of Guangdong, Jiangsu, Shandong, Shanghai, and Zhejiang have been estimated to contribute over 40% of the overall market consumption.
The key states are home to leading enterprises for hose production and end-use industries. The industrial sector is said to account for an average of 41.5% of the individual province’s GDP in 2023.
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Companies operating in the China industrial hoses market are aiming for the launch of new products, gaining new supply contracts, and establishing strategic partnerships to expand their product manufacturing capacity, addressing the demand of an expanding user pool.
Market players are focusing on designing and developing high power and eco-friendly China industrial hoses system in an attempt to gain obtain significant competitive advantage in this highly consolidated market.
The key players in this market include:
Some of the products being launched by the key players are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.4% from 2023 to 2033 |
| Market value in 2023 | USD 1.18 billion |
| Market value in 2033 | USD 2.4 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD billion for value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Material, Product, Pressure Intake, Application, Region |
| Key Companies Profiled | Parker Hannifin Corporation; Eaton Corporation; Balflex LLC; Tubes International Sp. Z.O.O; Spirax - Sarco Engineering Plc; Comflex Industries Co., Ltd.; Cjan Fluid Technology Co., Ltd.; Taizhou Changli Resin Tube Co., Ltd.; Zhuai Patel Technology Co., Ltd.; Qingdao Everflex Rubber & Plastic Co., Ltd; Zheijang Helen Garden Co., Ltd; Chinaust Plastic Products Co., Ltd; Qingdao Eastop Plastic Products Co., Ltd.; Suko Plastic; Changchun FAW Sihuan procurement and Supply Co., Ltd; Rehau Group AG; Trelleborg AB; CEJN AB; LUCOHOSE CO., LTD; Polyhose India Private Limited; Gates Corporation; Kuriyama Holdings Corporation; Continental AG |
| Customization & Pricing | Available upon Request |
India accounts for a sizeable share and could progress at 6.1% CAGR through 2033.
The overall market acquired USD 1.09 billion in 2022.
The adoption industrial hoses in China might increase at 7.4% per year till 2033.
Guangdong, Jiangsu, Shandong, Shangai, and Zhejiang are the top 5 states.
Lubricant hoses segment accounted for 20.7% of the total business in 2022.
| Estimated Market Size (2024E) | USD 442.6 million |
|---|---|
| Projected Market Value (2034F) | USD 837 million |
| Value-based CAGR (2024 to 2034) | 6.6% |
| Market Size (2024) | USD 22,651.4 million |
|---|---|
| Market Value (2034) | USD 39,058.45 million |
| Market Projected Growth Rate (2024 to 2034) | 5.6% CAGR |
| Market Value 2023 | USD 13.5 Billion |
|---|---|
| Market Projected Value (2033) | USD 35.2 Billion |
| Market CAGR (2023 to 2033) | 10.0% |
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