REPORT HIGHLIGHT
Stainless Steel Flexible Hose Market size was valued at USD 30,556 Million in 2023, expanding at a CAGR of 8.1% from 2024 to 2032.
The most popular and fundamental kind of stainless steel hose, which is used in practically all sectors and applications, is the flexible kind. The tube is made of metal and has an inner liner that transfers fluid under pressure from one place to another. The outer layer serves as a protective shell against corrosion by offering abrasion resistance and mechanical strength for seamless operation, even if it lacks the presence of liners or fluids.
Stainless Steel Flexible Hose Market- Market Dynamics
Rise in construction activities to propel market demand
Flexible and long-lasting pipe solutions are frequently needed for construction projects, and stainless steel hoses are preferred because of their resistance to challenging climatic conditions. An increase in construction activity may aid in the market's expansion. For instance, the Airports Authority of India (AAI) intends to invest USD 338 million over the next four to five years to build new airports as well as extend and modernize many existing facilities. This includes reinforcing or enlarging existing runways, technical blocks, aprons, and the control towers of the Airport Navigation Services. It also includes building new terminals and extending and modifying existing ones. Moreover, INR 30,000 crore would have been spent on expansion plans by three PPP (Public-Private Partnership) airports in Hyderabad, Bengaluru, and Delhi by 2025.
Stainless Steel Flexible Hose Market- Key Insights
- As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 8.1% over the forecast period (2024-2032)
- Based on type segmentation, the corrugated hoses segment is expected to dominate the market during the forecast period
- Based on end user segmentation, the automotive sector is expected to grow at the fastest rate over the forecast period
- Based on region, the Asia Pacific was the leading revenue generator in 2023
Stainless Steel Flexible Hose Market- Segmentation Analysis:
- The Global Stainless Steel Flexible Hose Market is segmented based on Type, Braid, Pressure, End User, and Region.
- Based on the type, the global market is divided into Corrugated Hoses and Strip-wound Hoses. The corrugated hoses segment is expected to dominate the market during the forecast period. Corrugated hoses may be used in a lot of applications. Chemicals, gasses, steam, and other fluids can all be transported with them. They can also be employed in applications where resistance to movement, vibration, and thermal expansion is necessary. Corrugated hoses may be produced using a wide range of materials.
- Based on the end user, the market is segmented into the Pharmaceutical Industry, Semiconductor Industry, Air Condition & Refrigeration, Piping, Home Appliances, Pulp & Paper Mills, Automotive, Chemical Industry, Oil & Gas Industry, Aerospace, Food & Beverages and Others. The automotive sector is expected to grow at the fastest rate over the forecast period. The segment expansion is attributed to the growing automotive industry.
Stainless Steel Flexible Hose Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. The Asia Pacific held the largest market share in 2023 and is expected to show the same pattern over the projected period. The market growth in the region is attributed to the rising automotive sector. Additionally, the nation's rising population especially China and India, which in turn, rising construction sector. Thereby, driving the market growth in the region.
Stainless Steel Flexible Hose Market- Competitive Landscape:
The key players operating in the market are: Proflex Hose Ltd, Pacific Hoseflex, ADT Flexibles (UK) Ltd, BOA Group, Witzenmann, Flex-Pression, Swagelok, Fliesser, Parker, Arcflex, Metalflex, Northflex Manufacturing Inc., Gasso Equipments, Ham-Let, Hose Master, SIT FLEXIBLE HOSE PVT. LTD and Metline Industries among others. These players perform various strategies to capture a major market share. Strategies like merger & acquisition, agreement, collaboration, product launches and others.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL STAINLESS STEEL FLEXIBLE HOSE MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
- Northflex Manufacturing Inc.
- SIT FLEXIBLE HOSE PVT. LTD
GLOBAL STAINLESS STEEL FLEXIBLE HOSE MARKET, BY TYPE- MARKET ANALYSIS, 2019 - 2032
- Corrugated Hoses
- Strip-wound Hoses
GLOBAL STAINLESS STEEL FLEXIBLE HOSE MARKET, BY BRAID- MARKET ANALYSIS, 2019 - 2032
- Single Braid
- Double Braid
GLOBAL STAINLESS STEEL FLEXIBLE HOSE MARKET, BY PRESSURE- MARKET ANALYSIS, 2019 - 2032
- Ultra-High Pressure
- High Pressure
- Medium Pressure
- Low Pressure
GLOBAL STAINLESS STEEL FLEXIBLE HOSE MARKET, BY END USER- MARKET ANALYSIS, 2019 - 2032
- Pharmaceutical Industry
- Semiconductor Industry
- Air Condition & Refrigeration
- Piping
- Home Appliances
- Pulp & Paper Mills
- Automotive
- Chemical Industry
- Oil & Gas Industry
- Aerospace
- Food & Beverages
- Others
GLOBAL STAINLESS STEEL FLEXIBLE HOSE MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA