The global flexible tube market was valued at $1.8 billion in 2022, and is projected to reach $2.9 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.
Flexible tubes are hollow and have an interior passage or lumen through which fluids, gases, or materials can flow. The flexibility of the tube allows it to bend, twist, or flex without breaking or losing its functionality. This flexibility is achieved through the selection of suitable materials and the design of the tube, which allows it to withstand bending stresses and maintain its structural integrity. Flexible tubes are used in various industries and applications where the transportation of fluids, gases, or materials is required while accommodating movement, vibration, and changes in direction. They may have different sizes, lengths, and configurations depending on the specific application, and they can be found in straight, coiled, or corrugated forms.
The flexible tube market analysis is done on the basis of material type, application, and region. By material type, the market is classified into plastic, rubber, metal, and others. By application, the market is categorized into healthcare, scientific equipment, automotive & aerospace, food & beverage, electronics, and others. The region covered in the report Includes North America, Europe, Asia-Pacific, and LAMEA.
The report covers strategies adopted by key players in the market to sustain the competitive environment and Increase their market share. The key players operating in the flexible tube market Include Avantor, Inc., Cole-Parmer Instrument Company, LLC., Flex Tubes, NewAge Industries, Nordson Corporation, PARKER HANNIFIN CORP, Saint-Gobain, Spirax-Sarco Engineering plc company, Swagelok Company, and Teknor Apex. In addition, the market drivers, restraints, and opportunities are explained in the report.
Flexible tubes are hollow and have an interior passage or lumen through which fluids, gases, or materials can flow. The flexibility of the tube allows it to bend, twist, or flex without breaking or losing its functionality. This flexibility is achieved through the selection of suitable materials and the design of the tube, which allows it to withstand bending stresses and maintain its structural integrity. Flexible tubes are used in various industries and applications where the transportation of fluids, gases, or materials is required while accommodating movement, vibration, and changes in direction. They may have different sizes, lengths, and configurations depending on the specific application, and they can be found in straight, coiled, or corrugated forms.
The flexible tube market analysis is done on the basis of material type, application, and region. By material type, the market is classified into plastic, rubber, metal, and others. By application, the market is categorized into healthcare, scientific equipment, automotive & aerospace, food & beverage, electronics, and others. The region covered in the report Includes North America, Europe, Asia-Pacific, and LAMEA.
The report covers strategies adopted by key players in the market to sustain the competitive environment and Increase their market share. The key players operating in the flexible tube market Include Avantor, Inc., Cole-Parmer Instrument Company, LLC., Flex Tubes, NewAge Industries, Nordson Corporation, PARKER HANNIFIN CORP, Saint-Gobain, Spirax-Sarco Engineering plc company, Swagelok Company, and Teknor Apex. In addition, the market drivers, restraints, and opportunities are explained in the report.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flexible tube market analysis from 2022 to 2032 to identify the prevailing flexible tube market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the flexible tube market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global flexible tube market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material Type
- Plastics
- Rubber
- Metal
- Others
By Application
- Healthcare
- Scientific equipment
- Automotive and Aerospace
- Food and Beverage
- Electronics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Avantor, Inc.
- Cole-Parmer Instrument Company, LLC
- Flex Tubes
- NewAge Industries, Inc.
- Nordson Corporation
- Parker Hannifin Corporation
- Saint-Gobain
- Spirax-Sarco Engineering plc
- Swagelok Company
- Teknor Apex Company.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FLEXIBLE TUBE MARKET, BY MATERIAL TYPE
CHAPTER 5: FLEXIBLE TUBE MARKET, BY APPLICATION
CHAPTER 6: FLEXIBLE TUBE MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Flexible Tube Market,' The flexible tube market was valued at $1.8 billion in 2022, and is estimated to reach $2.9 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.Flexible tubes, also known as hoses or tubing, have various applications in the automotive industry. They are used in different systems and components to transport fluids, gases, or air. Besides, they are used in automotive brake systems to connect brake lines and brake calipers. Flexible tubes made of lightweight materials such as thermoplastics and composites are increasingly being used in various applications, such as fuel lines, coolant hoses, and brake lines, to help achieve these goals.
Further, in the aerospace industry, flexible tubes are used in fuel systems to transfer fuel between tanks, engines, and aerospace hydraulic systems to transfer hydraulic fluids between pumps, valves, and actuators. These tubes play a crucial role in the environmental control systems of aircraft and spacecraft. They help circulate air, heat, and cooling fluids to maintain desired temperature and pressure levels inside the cabin or crew compartments. These tubes are vital for providing a comfortable and controlled environment for occupants.
Flexible tubes are used in a wide range of medical applications such as catheters, endoscopy, infusion therapy, blood transfusions, and respiratory equipment, and are essential for delivering fluids and medications to patients. Minimally invasive medical procedures offer several advantages over traditional surgery such as reduced pain, faster recovery times, and lower risk of complications. As a result, the demand for minimally invasive procedures is increasing and this trend is driving the demand for flexible tubes in healthcare. Flexible tubes are an essential component of many minimally invasive medical devices and procedures such as endoscopes, catheters, and laparoscopic surgery.
According to the International Federation of Robotics (IFR), the new world robotics report 2022 shows an all-time high of 517,385 new industrial robots installed in 2021 in factories across the globe. This represents a growth rate of 31% year-on-year and exceeds the pre-pandemic record of robot installation in 2018 by 22%. As the adoption of automation and robotics continues to grow in various industries such as manufacturing, logistics, and healthcare, the demand for flexible tubing is expected to increase during the forecast period.
Flexible tubes have many advantages over rigid pipes in automation and robotics. They are lightweight, easier to manipulate & bend, and can be made in a variety of materials to suit different applications. Flexible tubing is often used in automation and robotics applications such as pneumatic systems, liquid handling, cable management, vacuum systems, and robotics. In addition to that, they are used to transport liquids, gases, and other materials between different parts of the system, and help to improve efficiency, reduce costs, and enhance performance. Flexible tubes are an essential component of many automated systems, and their use has increased along with the growth of manufacturing, logistics, and healthcare industries.
Flexible tubes allow efficient routing of cables and hoses along the robot's body or arm. They ensure that the cables are properly guided and secured, preventing them from obstructing the robot's movement or getting entangled with external objects. Flexible tubes help maintain the integrity of cable paths, ensuring smooth and reliable robotic operations.
Moreover, robotic systems often operate in demanding environments where they may be exposed to dust, moisture, chemicals, or extreme temperatures. Flexible tubes provide a protective barrier, shielding cables and hoses from these external factors. They help prevent abrasion, contamination, or damage to the essential components of the robot, ensuring their reliable functioning.
Flexible tubes with vibration-damping properties can minimize the transfer of vibrations within the robotic system. They help absorb and dissipate vibrations generated by the robot's movement or external factors, reducing noise levels and enhancing the precision and stability of robotic operations. Vibration-damping flexible tubes contribute to improved performance in applications where precision is crucial, such as assembly, inspection, or delicate handling tasks.
Furthermore, as robotic systems evolve and expand, the addition of new components or functionalities may require the integration of additional cables or hoses. Flexible tubes offer the flexibility to accommodate such expansions. They can be easily modified or extended, allowing for seamless integration of new cables or hoses without disrupting the existing cable management system.
The flexible tube market analysis is done on the basis of material type, application, and region. By material type, the market is classified into plastic, rubber, metal, and others. By application, the market is categorized into healthcare, scientific equipment, automotive & aerospace, food & beverage, electronics, and others. The region covered in the report includes North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the flexible tube market include Avantor, Inc., Cole-Parmer Instrument Company, LLC., Flex Tubes, NewAge Industries, Nordson Corporation, PARKER HANNIFIN CORP, Saint-Gobain, Spirax-Sarco Engineering plc company, Swagelok Company, and Teknor Apex.
Key Market Insights:
- Based on material type, the plastics segment was the highest revenue contributor to the market in 2022.
- By application, the scientific equipment segment dominated the market in 2022.
- Based on region, Asia-Pacific is the fastest growing region with CAGR of 5.3%.
Companies Mentioned
- Avantor, Inc.
- Cole-Parmer Instrument Company, LLC
- Flex Tubes
- NewAge Industries, Inc.
- Nordson Corporation
- Parker Hannifin Corporation
- Saint-Gobain
- Spirax-Sarco Engineering plc
- Swagelok Company
- Teknor Apex Company.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 300 |
| Published | June 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 1.8 billion |
| Forecasted Market Value ( USD | $ 2.9 billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
