11-Feb-2020 | Zion Market Research
Zion Market Research has authored “Stainless Steel Flexible Hose Market – By Type (Strip-wound Hoses, Corrugated Hoses), By Braid Type (Single Braid, Double Braid), By Pressure Type (Low Pressure, Medium Pressure, High Pressure, Ultra High Pressure), By Hose Size (I.D) (1/4", 3/8”, 1/2", 3/4", 1”, 1-1/4”, 1-1/2”, 2”, 2-1/2”, 3”) By End-User (Automotive, Chemical Industry, Air Condition & Refrigeration, Piping, Home Appliances, Pulp & Paper Mills, Pharmaceutical Industry, Semiconductor Industry, Oil & Gas Industry, Food & Beverages, Aerospace, Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 - 2026”. Based on our analysis, the global demand for the Stainless Steel Flexible Hose market in 2019 is approximately USD 23 Billion and is anticipated to reach around USD 39 Billion by 2026. The anticipated CAGR for the market is around 7.5% from 2020 to 2026.
Stainless Steel Flexible Hose is a metallic hose made of stainless steel and can be broadly divided into two types based on the design into strip-wound hoses and corrugated hoses. A strip of steel is used to make strip wound stainless steel flexible hose. The strip of steel is profiled and a mandrel is used to continuously wound the steel strip to form a hose. Corrugated stainless steel hose is manufactured from a thin, cylindrical walled tube formed from rolled strips and welded at the seam and then it is impressed into the tube to give it corrugated annular profile.
This review is based on a report by Zion Market Research, titled “Stainless Steel Flexible Hose Market – By Type (Strip-wound Hoses, Corrugated Hoses), By Braid Type (Single Braid, Double Braid), By Pressure Type (Low Pressure, Medium Pressure, High Pressure, Ultra High Pressure), By Hose Size (I.D) (1/4", 3/8”, 1/2", 3/4", 1”, 1-1/4”, 1-1/2”, 2”, 2-1/2”, 3”) By End-User (Automotive, Chemical Industry, Air Condition & Refrigeration, Piping, Home Appliances, Pulp & Paper Mills, Pharmaceutical Industry, Semiconductor Industry, Oil & Gas Industry, Food & Beverages, Aerospace, Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026” report at https://www.zionmarketresearch.com/report/stainless-steel-flexible-hose-market-by-type-strip
Increasing growth of the HVAC systems market is one of the driving factors for stainless steel flexible hose market. Stainless steel flexible hose is used in HVAC systems in large quantities and the growing HVAC systems industry directly affects the market. Similarly, growing residential and commercial construction across the globe is one of the driving factors for the market. But, there are various alternatives for the stainless steel flexible hose and at less cost. Hence, the application of rubber hose in home appliances, food and beverages, and the automotive industry is anticipated to pull back the market. Manufacturers are driven to develop new technology that can minimize the disadvantages of the stainless steel flexible hose and minimize the accidents caused due to the failure of hose. This creates a future opportunity for the growth of the market.
The stainless steel flexible hose market is divided into different segments such as by type, by braid type, by pressure type, by hose size (I.D), by end-users. The corrugated hose is more flexible, pressure-resistant, durable can also be used where full vacuum applications are required. Double braided hoses have greater working pressure than single braided hoses hence double braided hoses are preferred more by end-users. The media flowing through the hose is usually at very high pressure and hence ultra high-pressure category highlighted the largest market share. A large amount of stainless steel hose is used in piping applications as it offers a better alternative against conventional rubber hose. The piping industry had the largest market share among all the end-users.
Asia Pacific region held the largest share of global stainless steel flexible hose market followed by the North America region. The two economic giants of Asia, China, and India experience the largest demand for HVAC systems because of its enormous population. Asia Pacific region accounts for 51% market share of the overall HVAC systems market and hence drives the stainless steel hose market.
The major market players of the stainless steel flexible hose market are, Witzenmann, Pacific Hoseflex, Parker, BOA Group, Proflex Hose Ltd, Flex-Pression, Metline Industries, Fliesser, ADT Flexibles (UK) Ltd, Arcflex, Metalflex, Northflex Manufacturing Inc., Gasso Equipments, Ham-Let, SIT FLEXIBLE HOSE PVT., LTD, Hose Master, Swagelok, and others.
This report segments the stainless steel flexible hose market as follows:
Global Stainless Steel Flexible Hose Market: By Type Segment Analysis
Global Stainless Steel Flexible Hose Market: By Braid Type Segment Analysis
Global Stainless Steel Flexible Hose Market: By Pressure Type Segment Analysis
Global Stainless Steel Flexible Hose Market: By Hose Size (I.D) Segment Analysis
Global Stainless Steel Flexible Hose Market: By End-User Segment Analysis
Global Stainless Steel Flexible Hose Market: Regional Segment Analysis
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