Global Marine Hoses Market Size By Product (Thermoplastic hoses, Rubber hoses, Composite hoses), By Application (Offshore, Onshore, Ship-to-ship), By Geographic Scope And Forecast

Marine Hoses Market Size And Forecast

Marine Hoses Market size was valued at USD 4.2 Billion in 2022 and is projected to reach USD 5.3 Billion by 2030, growing at a CAGR of 3.20% from 2023 to 2030.

Globalization and the expansion of international trade have been driving a steady rise in the demand for maritime transportation worldwide. As a result, there has been an increase in demand for marine hoses, which are used to transport substances and commodities between ships and land-based institutions. Also, the growth of offshore oil and gas fields has significantly increased the need for marine hoses. The Global Marine Hoses Market report provides a holistic evaluation of the market. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market.

Global Marine Hoses Market Definition

Shipping, offshore oil and gas exploration, and marine transportation are just a few of the maritime businesses that depend on marine hoses. These hoses offer a versatile and dependable method of transfer between different vessels and shore facilities for fluids including water, oil, and gas. Typically, synthetic rubber or polyurethane, which are both highly resistant to abrasion, corrosion, and environmental degradation, are used to make marine hoses. The exterior layer of the hose is made to protect it from external elements like UV radiation and seawater, while the inner layer is typically made of a material that is suitable for the fluid being conveyed.

Global Marine Hoses Market Overview

Globalization and the expansion of international trade have been driving a steady rise in the demand for maritime transportation worldwide. As a result, there has been an increase in demand for marine hoses, which are used to transport substances and commodities between ships and land-based institutions. Also, the growth of offshore oil and gas fields has significantly increased the need for marine hoses. Oil and gas are moved from the ocean floor to facilities on land using submarine hoses, while crude oil and petroleum products are moved between ships and offshore sites using floating hoses.

Additionally, the need for marine hoses has been boosted by the development of new ports, jetties, and terminals. Dock hoses are a crucial part of port infrastructure since they are used to transport liquids and dry goods between land-based facilities and ships. However, there is growing pressure on the maritime sector to lessen its environmental impact. This includes lowering the possibility of pollution and oil spills.

As a result, there is an increase in the demand for cleaner technologies and alternative energy sources, which may result in a decline in the need for marine hoses used to transport conventional fossil fuels. However, more sophisticated and robust maritime hoses have been created as a result of developments in materials science, manufacturing techniques, and design. These developments have increased the need for hoses by increasing their flexibility, toughness, and resistance to elements like UV rays and saltwater.

Global Marine Hoses Market Segmentation Analysis

The Global Marine Hoses Market is segmented on the basis of Product, Application, And Geography.

Marine Hoses Market, By Product

• Thermoplastic hoses
• Rubber hoses
• Composite hoses
• Metal hoses

Based on Product, the market is segmented into Thermoplastic hoses, Rubber hoses, Composite hoses, and Metal hoses. Thermoplastic hose is produced from thermoplastic materials, which are polymers that soften or mold when heated and firm when cold. These hoses are thin and flexible, and they have excellent resistance to UV rays, chemicals, and abrasion. They are frequently employed in situations where high-pressure hydraulic lines, water jetting, and fluid transfer are necessary. In general, thermoplastic hoses are lighter than conventional rubber hoses, which makes them simpler to handle and install.

Rubber hoses are a particular kind of hose constructed from rubber, a polymer material that can stretch and then restore its shape. Rubber can be either natural or synthetic. Rubber hoses are utilized in many different applications, such as hydraulic systems, chemical handling, oil and gas exploration, and the transfer of air and water. Rubber hoses are excellent for use in tough situations since they are extremely robust and resistant to wear and tear.

Marine Hoses Market, By Application

• Offshore
• Onshore
• Ship-to-ship
• Ship-to-shore

Based on Application, the market is segmented into Offshore, Onshore, Ship-to-ship, and Ship-to-shore. For the transportation of liquids such as liquefied natural gas (LNG), chemicals, lubricants, and other substances between ships and offshore installations, marine hoses are frequently employed in offshore applications. Marine hoses used in offshore applications must be properly engineered and tested to survive the challenging conditions present there, such as high pressures, high temperatures, exposure to seawater and other environmental elements, exposure to sunshine, and other environmental influences.

In order to ensure that these hoses can endure the strains of offshore applications, they are often manufactured from specialized materials like synthetic rubber or thermoplastics and reinforced with high-strength fibers or steel wires.

Marine Hoses Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, the Global Marine Hoses Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The biggest market share was held by North America in 2022. There are large offshore oil and gas deposits in North America, and the area has recently seen a rise in exploration activity. Move crude oil, natural gas, and other fluids between offshore production platforms and tankers or other vessels, this has resulted in a rise in the demand for marine hoses.

In addition, LNG is gaining popularity as a marine fuel for vessels in North America due to its lower emissions and cheaper price compared to other fuels. Due to the need to move LNG between storage facilities and boats, there is an increase in the need for marine hoses.

Key Players

The “Global Marine Hoses Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Yokohama, ContiTech, West Marine, Trelleborg AB, Gates Corporation, I.R.P. Industrial Rubber Ltd., Parker Hannifin, and Novaflex Group.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In June 2020, Trelleborg Acquires Siftex, a French Manufacturer of Marine Hose.
• In August 2020, Dunlop Hiflex, a Dutch manufacturer of marine hose, is acquired by ContiTech.
• In September 2020, The collaboration took place between Trelleborg and Siftex to create advanced marine hoses.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Marine Hoses Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Marine Hoses Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by g