Fuel hose refers to the flexible hollow pipe or tube,
which is designed to supply water, fluids, and substances to various parts of
the unit in the industry. Its shape is usually cylindrical and its design is
based on the blend of media and performance. It is generally made of polyvinyl
chloride (PVC), nitrile rubber, natural rubber, polyurethane, and others.
According to study, “Global
Fuel Hoses Market Status (2015-2019) and Forecast (2020-2024) by
Region, Product Type & End-Use” the key companies operating in the global
fuel hoses market are Jyoti Rubber and Plastic, Krishna Engineers &
Traders, Yogdeep Enterprise, Kyosan DENSO Manufacturing Kentucky, LLC, Premier
Auto Components, DURA Automotive Systems, Cooper-Standard Automotive, S P
Engineers, Dunham Rubber & Belting, Modi Trading Corporation, Precision
Hose-Stone Mountain, Keco Auto Industries, Hangzhou Haikuo Rubber and Plastic
Products, Curtis-Maruyasu America, Yuyao Hengtegu Auto Parts Factory, Dana
Holding Corporation, NewAge Industries, FlexFab, LLC, Magna International, Kautex
of Georgia, DuPont, Kokoku Rubber, Sunrise Limited, Ariel Atom Manufacturing,
Grayline. The development of lightweight, durable and flexible fuel hoses, expansion
in untapped &emergent markets; and execution of mergers & acquisitions (M&A)
are the key strategies adopted by the key firms to gain a competitive edge in
the market.
Based on type, fuel hoses market is segmented into
composite fuel hoses and rubber fuel hoses. Rubber fuel hoses segment holds
major share in market owing to increase in industrial activity. Based on
material type, market is bifurcated into nitrile rubber, natural
rubber, Polyvinyl Chloride (PVC), polyurethane, silicone and others. Based on
media, market is segmented into water, chemical, hot water & steam, food
& beverage, oil and air & gas. Based on distribution channel, market is
segmented into aftermarket and original equipment manufacturers. In addition,
based on application, market is segmented into automotive, oil & gas,
marine and others. Automotive industry segment dominates the market due to rise
in usage of hoses in automobile engines to carry fluids, increase in fuel
efficiency and increase in need for optimal engine performance. The oil &
gas industry segment is estimate to exhibit substantial growth rate as a result
of increase in rapid industrialization and urbanization during the forecast
period.
The fuel hoses market is driven by increase in demand
from the automotive & chemical industries, followed by growth in infrastructure-related
developments, modernization of agriculture processes, increase in demand for
automobiles, rise in demand for PVC material. However, lack of product
differentiation and long lead time may impact the market. Moreover, rise in demand
for natural rubber in various industrial segments is a key opportunity for
market.
Based on geography, the Asian-Pacific is a leading
region in global fuel hoses market owing to rise in demand for automobiles and increase
in urbanization in the region. Whereas, the North-American and Asian-Pacific
regions are estimated to witness higher growth rate due to growth in
technological advancement and increase in chemical production over the forecast
period. In near future, it is anticipated that the market will be reached at
rapid pace on account of large-scale production of oil & gas to meet the
energy requirement of its industrial sector during the forecast period.
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