As per MRFR analysis, the Industrial Hose Market Size was estimated at 11.0 (USD Billion) in 2022. The Industrial Hose Market Industry is expected to grow from 11.47(USD Billion) in 2023 to 16.7 (USD Billion) by 2032. The Industrial Hose Market CAGR (growth rate) is expected to be around 4.27% during the forecast period (2024 - 2032).
The industrial hose market is driven by the growth of industries such as automotive, construction, mining, and manufacturing. Increasing demand for high-performance hoses with longer lifespans and resistance to harsh conditions is driving the market. Opportunities for innovation lie in developing lightweight and flexible hoses, as well as hoses that can withstand extreme temperatures and chemicals.
Trends in recent years include the integration of advanced materials such as polymers and composites, the adoption of digital technologies for hose monitoring and maintenance, and the growing emphasis on sustainability and environmental regulations.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
In the years to come, the industrial hose market is likely to show a substantial increase since it is already in high demand by numerous industries. Being essential in the transference of fluids, gases, and a variety of other materials needed to carry out a wide range of tasks in manufacturing, construction, mining, oil and gas production and other sectors, industrial hoses have been in high demand. The incipient increase in the use of industrial hoses has several rationales behind it.
The rapid implementation of automated and mechanized tools in the manufacturing industry, the growing need for efficient and dependable fluid transference in the construction and mining industries, and the rapid increase in the demand for the production and the exploration of the energy resources can be listed among the primary reasons why industrial hoses will be in a high demand in many years to come in many industries, thus affecting the overall Industrial Hose Market Industry.
The Industrial Hose Market Industry is also witnessing significant technological advancements, which are further driving market growth. Manufacturers are investing in research and development to introduce innovative and improved industrial hoses that meet the evolving needs of end-user industries. These advancements include the development of lightweight and flexible hoses, hoses with enhanced resistance to chemicals and abrasion, and hoses with improved temperature and pressure capabilities.
Technological advancements are also leading to the development of smart hoses that can monitor and control fluid flow, providing real-time data and enabling predictive maintenance. These technological advancements are expected to continue to drive market growth in the coming years.
Another factor that is driving growth in the Industrial Hose Market Industry is the increasing emphasis on safety and regulations across various industries. Industrial hoses are an important component of the safe and efficient conveyance of fluids and gases, and stringent regulations are in place to ensure the quality and functioning of these hoses. Manufacturers must comply with these regulations and standards, which often require testing and certification.
This focus on safety and regulations is likely to continue to drive demand for high-quality and industry-compliant hoses, further boosting the growth of the market.
The Industrial Hose Market Material Segment Outlook is based on its Segmentation, including Rubber, Thermoplastic, and Metal hoses. Therewith, Rubber hoses are the most popular ones, as they occupy over 50% of the global market revenue in 2023. This is highly determined by the fact that these hoses are highly flexible, durable, and resistant to a wide variety of chemicals and temperatures.
Accordingly, these hoses have been used in a variety of construction, manufacturing, and mining applications. Therefore, the Rubber Extruder market is forecasted to grow, as there is an increasing demand for these hoses in the construction industry, for conveying water, air, and other fluids to and from various construction sites and to maintain devices and systems connected to fluids throughout home construction and maintenance.
Thermoplastic hoses are the other considerable type of the Industrial Hose Market, accounting for over 25% of the market share in 2023. The thermoplastic hoses are lightweight, flexible and resistant to corrosion, implying that they frequently are used when flexibility and chemical resistance are required for special applications. Accordingly, these hoses are used in such industries as food and beverage for transferring liquids or gases. Therefore, the thermoplastic hoses’ market is forecasted to grow. By contrast, Metal hoses are less popular to the Industrial Hose Market than their rubber and thermoplastic alternatives.
Yet, this type of hoses has its advantages, as it is highly resistant to high pressure and heat. Accordingly, metal hoses are often used in high-pressure applications, hydraulic systems, and oil and gas exploration. It is expected that, in the future, the demand for metal hoses will increase, as there is a growing tendency in oil and gas exploration investments. In summary, it is possible to note that the Industrial Hose Market will globally grow due to a rise of demands for employing hoses in a variety of industries, such as construction, manufacturing, and oil and gas.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The industrial hose market segmentation by application is determined by various industries, including the chemical processing, oil and gas, mining, construction, and agriculture sectors. The chemical processing industry held the largest market share in 2023, at over 25% of the global revenue. The demand for industrial hoses in this context can be explained by the necessity of transporting corrosive and hazardous chemicals in chemical plants and refineries. The oil and gas industry is another significant consumer of industrial hoses, with over 20% of market share in 2023.
Hoses are needed in this sector for various applications, including drilling, production, and transportation of oil and gas. Moreover, the mining industry is another important segment of the market, with apporximately 15% of the global share in 2023. The need for hoses is connected to their use for transporting water, slurry, and other substances for mining purposes. Furthermore, the construction industry is an important end-use segment of the industrial hose market, with 10% of the global share in 2023. For construction needs, hoses are used to perform various tasks, including conveying concrete, water, and other substances.
Moreover, the agriculture industry requires hoses, which accounts for 5% of market share in 2023. They are used for irrigation, crop spraying, and animal husbandry, among other applications. In conclusion, the market will continue to grow because of the increasing demand from these sectors.
The Industrial Hose Market is segmented by size into small diameter, medium diameter, and large diameter. The small diameter segment is expected to hold the largest share of the market in 2023, accounting for approximately 40% of the Industrial Hose Market revenue. The medium diameter segment is expected to grow at the highest CAGR during the forecast period, driven by the increasing demand for hoses in the construction and mining industries. The large diameter segment is expected to account for a significant share of the market in 2032, owing to the growing demand for hoses in the oil and gas industry.
The Industrial Hose Market is witnessing significant growth due to the increasing demand for hoses in various industries, including construction, mining, oil and gas, and manufacturing. The growth of the market is also being driven by the increasing adoption of automation and robotics in these industries.
The Reinforcement segment is a critical component of the Industrial Hose Market, significantly influencing its performance and durability. Among the various reinforcement materials, Steel Wire, Aramid Fiber, and Textile Braid hold prominent positions. Steel Wire reinforcement offers exceptional strength and resistance to high pressure, making it suitable for demanding applications in industries such as mining, construction, and chemical processing. Its ability to withstand extreme temperatures and harsh environments further enhances its versatility.
As a result, Steel Wire is expected to account for a substantial share of the Reinforcement segment revenue in 2023, estimated at around USD 2.3 billion. Aramid Fiber, known for its high strength-to-weight ratio, provides excellent resistance to chemicals and abrasion. This makes it an ideal choice for applications where lightweight and durability are crucial, such as in aerospace, automotive, and marine industries. The increasing demand for lightweight and fuel-efficient vehicles is expected to drive the growth of Aramid Fiber reinforcement in the coming years.
Textile Braid reinforcement offers flexibility and resistance to kinking, making it suitable for applications that require frequent bending and movement. It is commonly used in hydraulic and pneumatic systems, as well as in water and oil transfer applications. The increasing adoption of automation in various industries is expected to boost the demand for Textile Braid reinforcement, as it can withstand the repetitive movements and bending cycles associated with automated machinery.
The regional segmentation of the Industrial Hose Market offers valuable insights into the market dynamics across different geographic regions. North America holds a significant market share, driven by the presence of key industrial sectors such as manufacturing, energy, and construction. Europe follows closely, with a mature market and a strong demand for specialized hoses. APAC is projected to witness substantial growth due to the rapid industrialization and infrastructure development in the region. South America and MEA are anticipated to contribute to the market growth, supported by growing economies and increasing investments in industrial projects.
By 2024, the Industrial Hose Market revenue is estimated to reach USD 12.3 billion, with North America accounting for approximately 35% of the market share and APAC expected to grow at a CAGR of 5.2%.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Major players in Industrial Hose Market industry are constantly striving to maintain their position and gain a competitive edge in the market. They are adopting various strategies to attract and retain customers. Some of the key competitive strategies include product innovation, strategic partnerships, expanding distribution channels, and offering value-added services. Leading Industrial Hose Market players are investing heavily in research and development to introduce new products with advanced features and improved performance.
They are also forming strategic partnerships with other companies to expand their product portfolio and reach new markets. Additionally, companies are focusing on expanding their distribution channels to reach a wider customer base. Value-added services such as technical support, installation, and maintenance are also being offered by leading players to enhance customer satisfaction and loyalty.
Parker Hannifin Corporation, a leading player in the Industrial Hose Market, is known for its comprehensive product portfolio and global presence. The company offers a wide range of industrial hoses, including hydraulic, pneumatic, and automotive hoses. Parker Hannifin has a strong focus on innovation and technology, and it invests heavily in research and development to create new products and improve existing ones. The company has a global distribution network and a strong sales force, which enables it to reach customers in a variety of industries. Parker Hannifin also provides value-added services such as technical support, installation, and maintenance, which enhances customer satisfaction and loyalty.
Gates Corporation, a leading competitor in the Industrial Hose Market, is another prominent player in the industry. The company offers a wide range of industrial hoses, including hydraulic, pneumatic, and automotive hoses. Gates Corporation is known for its high-quality products and its commitment to customer service. The company has a strong global presence and a wide distribution network, which enables it to reach customers in a variety of industries. Gates Corporation also provides value-added services such as technical support, installation, and maintenance, which enhances customer satisfaction and loyalty.
Industrial Hose Market Industry Developments
The industrial hose market is projected to reach USD 16.7 billion by 2032, exhibiting a CAGR of 4.27% during the forecast period (2024-2032). Increasing demand from end-use industries, such as construction, manufacturing, and mining, is driving market growth. Technological advancements, such as the development of lightweight and durable hoses, are further contributing to market expansion.
The Asia Pacific region is expected to hold a significant market share due to rapid industrialization and infrastructure development. Key industry participants are focusing on strategic partnerships and acquisitions to expand their product portfolio and geographical reach.
| Report Attribute/Metric | Details |
| Market Size 2022 | 11.0(USD Billion) |
| Market Size 2023 | 11.47(USD Billion) |
| Market Size 2032 | 16.7(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 4.27% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Eaton ,Dunlop ,Gates ,Kurimoto ,Parker Hannifin ,Continental ,Kuriyama Holdings ,Bridgestone ,Thermoid ,Kyoritsu ,SaintGobain Performance Plastics ,Manuli Hydraulics ,Yokohama Rubber ,Trelleborg ,Goodyear |
| Segments Covered | Material ,Application ,Size ,Reinforcement ,Regional |
| Key Market Opportunities | Growing demand for flexible and durable hoses Expansion of oil and gas industry Increasing use in construction and infrastructure projects Rise in automation in various industries Growing awareness of safety regulations |
| Key Market Dynamics | Increasing demand for industrial automation Growing adoption of lightweight and flexible hoses Rising demand for hoses in oil and gas industries Government regulations on safety and environmental standards Expanding manufacturing sector in developing economies |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Industrial Hose Market is expected to reach an overall valuation of 11.47 USD Billion in 2023.
The Global Industrial Hose Market is projected to grow at a CAGR of 4.27% from 2023 to 2032.
The Asia Pacific region is expected to hold the largest market share in the Global Industrial Hose Market in 2023.
Industrial hoses are used in a wide range of applications, including:- Conveying fluids and gases- Transferring chemicals and other hazardous materials- Providing flexibility and movement in piping systems- Connecting machinery and equipment
Key competitors in the Global Industrial Hose Market include:- Gates Corporation- Parker Hannifin Corporation- Eaton Corporation- Continental AG- Trelleborg AB
Major factors driving the growth of the Global Industrial Hose Market include:- Increasing demand from end-use industries such as oil and gas, construction, and manufacturing- Growing need for flexible and durable hoses in harsh environments- Rising awareness of safety and environmental regulations
Key challenges facing the Global Industrial Hose Market include:- Fluctuating raw material prices- Intense competition from low-cost manufacturers- Stringent government regulations
Emerging trends in the Global Industrial Hose Market include:- Adoption of advanced materials such as thermoplastic elastomers (TPEs) and fluoropolymers- Increasing use of digital technologies for hose design and manufacturing- Growing demand for sustainable and environmentally friendly hoses
The COVID-19 pandemic had a significant impact on the Global Industrial Hose Market, leading to a decline in demand from end-use industries. However, the market is expected to recover in the coming years as economic activity resumes.
Key opportunities for growth in the Global Industrial Hose Market include:- Expanding into new end-use industries such as renewable energy and healthcare- Developing innovative hose designs and materials- Leveraging digital technologies to improve efficiency and customer service.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
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