Market Overview

The global Safety Yellow Hose market was valued at USD 323.78 million in 2022 and expected to grow at a CAGR of 3.3% during the forecast period. RX Safety Yellow is a high-end hose that can be used in air and water applications where a durable hose is needed. It is perfect for use in situations requiring pressurised air. The ribbed yellow cover's great visibility provides outstanding UV and abrasion resistance. Hose complies with Class B of AS/NZS 2554.

The rising demand for durable industrial hoses for crucial applications across a number of industries, expanding infrastructure-related activities, and rising PVC material consumption are some of the major drivers of this market's expansion. Globally, there is a growing need for durable safety yellow hoses to prevent fatal accidents, guarantee efficient material handling despite difficult environmental or operational conditions, and so on. This is especially true for COVID-19-affected industries like pharmaceuticals, agriculture, chemicals, and oil & gas.

Infrastructure Improvements and Utilize for a Range of Industrial Applications will help the market expansion. One of the key factors fuelling the expansion of the safety yellow hoses market is the rise in infrastructure-related initiatives. The increase in infrastructure-related projects driving up private infrastructure investment (PPI) creates increased demand for hoses. The market's expansion is accelerated by the increase in demand for sturdy industrial hoses in a variety of applications. A wide variety of businesses use safety yellow hose hoses to transmit fuel, chemicals, bulk goods, air, and other things as efficiently as possible.

Industrial hose usage has increased as a result of increased agricultural activities to meet the rising food demand, which has an additional impact on the market. Additionally, increasing consumer interest in the effectiveness of industrial hoses made of various materials helps the market grow. Additionally, the market for industrial hoses benefits from rising urbanisation, a shift in lifestyle, a rise in expenditures, and higher consumer spending.

Report Scope

Impact of COVID

The COVID-19 pandemic has had a mixed impact on the safety yellow hose market. On one hand, the demand for safety hoses has increased due to the need for hygiene and sanitation in various industries. For instance, the healthcare industry has seen an increase in demand for safety hoses as they are used to transport various liquids, including cleaning agents and disinfectants.

The COVID-19 pandemic has affected industrial hose sales all around the world. However, it has given the ecosystem's participants both chances and difficulties. F Chemical and gas hoses will be in demand because pharmaceutical production facilities around the world are still in operation. Industrial hoses are utilised in dosing systems, vacuum conveying equipment, suction conveyors, and pelleting equipment in the pharmaceutical industry environment. Therefore, a rise in pharmaceutical production is anticipated to drive the demand for industrial hoses following COVID-19.

On the other hand, the pandemic has led to disruptions in the global supply chain, affecting the production and distribution of safety hoses. The lockdown measures implemented in various countries have resulted in the closure of many manufacturing facilities, leading to a shortage of raw materials and labor.

Additionally, the economic slowdown caused by the pandemic has affected the purchasing power of consumers, leading to a decrease in demand for safety hoses in some industries, such as construction and manufacturing.

Overall, the impact of the pandemic on the safety yellow hose market is mixed, with both positive and negative effects. The full extent of the impact is likely to be seen in the coming years as the world recovers from the pandemic.

Type Insights

Below 300 Bars: This type of safety yellow hoses is used for applications where the pressure requirement is less than 300 bars. These hoses are commonly used for low-pressure gas transfer and fluid transfer applications in various industries.

300 Bar and Above: Safety yellow hoses with a pressure rating of 300 bars and above are used in applications that require high-pressure gas and fluid transfer. These hoses are commonly used in oil and gas drilling and exploration, chemical and petrochemical industries, and other high-pressure applications.

Others: This segment includes safety yellow hoses with pressure ratings that are not covered under the above two categories. These hoses are used in applications where the pressure requirement is specific and does not fall under the above two categories.

The demand for safety yellow hoses is expected to grow in the coming years due to their use in high-pressure gas and fluid transfer applications. The below 300 bars segment is expected to hold the largest market share due to its widespread use in various industries, while the 300 bar and above segment is expected to grow at a faster rate due to its increasing use in the oil and gas industry.

Application Insights

Safety yellow hoses are used for various applications, including water, air, and other fluid transfers. The hoses are widely used in industries such as construction, agriculture, mining, and manufacturing, as well as in households and commercial settings.

In the water application, safety yellow hoses are used for irrigation, watering plants, and other outdoor water-related activities. In the air application, the hoses are used for pneumatic tools and air compressors. The other fluid transfers application includes the transfer of fluids such as chemicals and petroleum products.

Regional Insights

North America held the largest share of the global safety yellow hose market. The region is home to many key players in the market and has a well-established industrial and manufacturing sector. Europe is also a significant market for safety yellow hoses due to stringent regulations and standards related to workplace safety. In Asia Pacific, the market is expected to grow rapidly due to the increasing adoption of safety measures in industrial and construction sectors. The Middle East and Africa region is expected to witness moderate growth in the market due to the increasing demand from the oil and gas industry. South America is also expected to contribute to the growth of the market due to increasing investments in the manufacturing and construction sectors.

Competitive Analysis

Some of the major companies operating within the market are Esdan Plastics Pty Ltd, Parker Hannifin, Powaflex, Dixon, Alfagomma, Justrite, Power Port Products, FOX Global, Kaisom Hose Power Pty Ltd, Optima, and others. These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for Safety Yellow Hose globally.

By type

·         Below 300 Bars

·         300 Bar and Above

·         Others

By Application

·         Water

·         Air

·         Others

Why to buy this Report?

The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

§  Business Model

§  Production Capacity, Revenue, Sales, Gross Margin

§  Key Business Strategy

§  SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

§  Company Share Analysis from 2018-2022

§  Company Analysis by Revenue and Sales

§  Company Production Capacity, Gross Margin

§  Company Share Analysis by Application/End Use

§  Company Share Analysis by Product/Specification

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