Ive had holes in my grey hoses for my CMS. I just cut that part out and shorten it a bit keep using the hose.
In your case, I dont know why it happened, maybe stepping on it a few times, dropping something on it, setting some heavy tools on it leavingit in direct sunlight dont know where you live but say a state like Az that gets very hot or Minesota where it gets very cold might affect it ,could be a number of reasons.
Id salvage what i could make some shorter hoses for the apex, 850 bench stand even make some small extensions when ya need a few feet more, what ever and get a new one. I seen some chatter here where the ridgid hoses will work and they are less expensive. Soething to think about. Havent tried it myself yet