INDUSTRIAL HOSE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In 2021, Eaton Corporation PLC introduced the LifeSenseHose Condition Monitoring System, a cutting-edge technology designed to identify potential hose failures, enhancing safety and lowering maintenance expenses
• In 2021, Parker Hannifin Corporation introduced the Polyflex Advance series of industrial hoses, tailored for high-pressure applications with enhanced flexibility and durability. These hoses are versatile, compatible with various fittings, and suitable for industries like oil and gas, mining, and construction
• Continental AG, a Germany-based technology company, manufactured medical hoses crucial for the healthcare sector in Bergamo and Lombardy, Italy, in April 2020. These hoses, produced at the Italian site in Daverio, are designed for transporting air, oxygen, nitrous oxide, helium, and carbon dioxide, supporting respiratory equipment like CPAP systems
• In February 2020, NORRES GmbH acquired the Jarl Elmgren AB, an Sweden-based hose distributor, aligning with NORRES' internationalization strategy and bolstering its market presence in Scandinavia