Hose Hoops Market Size, Share, Growth, and Industry Analysis by Type (Stainless Steel Hoops, Galvanized Hoops, Other Types), By Application (Automotive Industry, General Industry, Water Treatment, Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Hose Hoops Market REPORT OVERVIEW

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The global hose hoops market size was USD 2143 million in 2022 and market is projected to touch USD 3411.1 million by 2031, at a CAGR of 5.3% during the forecast period.

A hose is secured to a fitting such a barb or nipple using a hose hoop, also known as a hose clamp. The state of development of the vehicle sector has an impact on the hose hoop market. In many nations and regions, there has been an increase in demand for the use of automobiles over the previous few decades. Applications for hose hoops in general industry and water treatment are also significant. The market has several competitors offering a wide variety of goods. Many hose hoop manufacturers provide a large selection of hose hoops to meet aftermarket needs. Market fragmentation is rather low; the top 5 manufacturers are Norma Group, Ideal Clamp Products, Gates, Oetiker Group, and Peterson Spring.

COVID-19 Impact: Supply and Demand Chain were Disrupted Due to Restrictions Imposed

Due to mandatory lockdown and other restrictions set by the relevant regulating bodies in the wake of the recent COVID-19 outbreak, the activities of multiple industries have either been temporarily shut down or are running with a small personnel. This element is expected to have a very unfavourable effect on the expansion of this industry's revenue in the global market for hose hoops. Additionally, during the course of this projection period, the high expenses related to the installation and maintenance of these machines may restrain the worldwide Hose Hoops market's revenue growth. Owing to the brighter side the rule out of the restrictions imposed and relaxation to lockdown stirred up the hose hoops market growth.

LATEST TRENDS

"The Flexible Hoses to Attract the Consumers and Advance the Market Share"

A flexible hose hoops is a form of piping used to carry or transfer fluid between two separated sites. Hoses are employed in oil and gas applications where there are significant relative motions. Flexible hoses make it simple to move a wide range of liquids and fluidized materials to different places. The most popular name for these is hosepipe. These are frequently utilized by homeowners as garden hoses in addition to loading and unloading services in processing plants. Normal Flexible hoses are constructed from non-metallic materials like soft plastic or synthetic rubber. However, the flexible hoses used in the chemical industry are comprised of metallic materials and are intended to absorb pipe movements.

Hose Hoops Market SEGMENTATION

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• By Type

Based on type; the market is divided into stainless steel hoops, galvanized hoops and others.

Stainless steel is the leading part of the type segment.

• By Application

Based on the application; the market is divided into automotive industry, general industry, water treatment and others.

General industry is the leading part of the application segment.

DRIVING FACTORS

"The wide Utilization in the Construction Sector to Uplift the Market Demand"

The diverse field of construction need a wide variety of hoses. There are many different goods required for different construction projects, from concrete hoses to water, air, or hydraulic lines. Sandblasting, pressure washing, placing concrete, constructing roads, developing residential and commercial areas, and dewatering are a few of the most popular construction applications for which we offer equipment. To complete each of these applications, a certain hose and hose fittings are required. Water discharge hoses are an example of the hoses used on construction sites. Water discharge hoses are required for critical applications and are frequently thousands of feet long when connected to a pump's outlet point. Dewatering construction sites, controlling flooding, installing sewer bypass lines, and many other uses call for these kinds of hoses.

"The Intensive Use in Automotive Industry to Drive the Market Growth"

The state of the automotive industry's development has an impact on the hose hoop market. There has been an increase in demand for car applications during the past few decades in various nations and areas. The application of hose hoops in the automotive industry is expanding at the fastest rate; as of 2016, it accounted for more than 23% of the industry.

RESTRAINING FACTORS

"The Hoop Strength Compatibility to Restrain the Market"

Hose size and structure, temperature, and bend radius are the main variables that influence hose performance under vacuum. The 'hoop' strength, or relative capacity of the hose to resist collapse, is determined by hose construction. Increased hoop strength often comes from smaller IDs, thicker walls, external reinforcement like wire wrap or coverings, and bonding the hose layers together. The hoop strength normally decreases when a hose's temperature rises as a result of material softening. The hose profile will change from round to oval as a hose gets closer to its static bend radius limit, which might have a negative impact on hoop strength. Hoop strength is further diminished in the presence of combinations of these elements, such as big ID, thin wall, high temperature, and significant bending. This will likely limit the hose hoops market growth in the next years.

Hose Hoops Market REGIONAL INSIGHTS

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"European Region to Lead the Market with Volume Production"

European region accounted for the largest share of global  market revenue of almost a quarter share of the total worlds production. With the rise in industrialization, there is significantly high demand for hose hoops products in this region. The automotive industry is continued to increase steadily. This should lead to a rise in product demand. Over the coming years, the region's expanding population will increase demand for construction, automobiles and general industries, which will boost the hose hoops market share. Government programmes like the beginning and continued treatment of water are projected to be the main drivers of the increase in the hose hoops market growth.

KEY INDUSTRY PLAYERS

"Key Industry Players to Promote the Market Expansion"

The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.

List of Market Players Profiled

• Norma (Sweden)
• Ideal Clamp Products (U.S.A)
• Gates (U.S.A)
• Oetiker (Switzerland)
• Peterson Spring (U.S.A)
• Murray (U.S.A)
• Tianjin Kainuo Industrial (China)
• Sogyo (Japan)
• Rotor Clip (U.S.A).

REPORT COVERAGE

This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching  of recent industry developments,  deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.