Global Industrial Hose Market

Industrial Hose Market Size, Share, Growth Analysis, By Material (Silicone, and Rubber), By Media (Chemical, Water), By Vertical (Infrastructure, Pharmaceuticals), By Region - Industry Forecast 2025-2032


Report ID: SQMIG20B2069 | Region: Global | Published Date: November, 2024
Pages: 202 | Tables: 96 | Figures: 70

Industrial Hose Market Insights

Industrial Hose Market size was valued at USD 14.01 Billion in 2023 and is poised to grow from USD 14.86 Billion in 2024 to USD 22.49 Billion by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).

As they work in challenging conditions, industrial hoses can abrase, burst, and fail too soon. When working in these environments, the type of hose needed for the task must be carefully considered. Hydraulic hoses are perfect for high-pressure transfer since they can resist millions of pounds of pressure. A hose is an essential component in many different industrial sectors due to its wide range of applications. The high-pressure industrial hoses market is projected to hold a market share of more than one-fourth of the worldwide industrial hoses market between 2024 and 2031. The oil and gas sector frequently uses high-pressure industrial hoses to transport pressurized liquids from one location to another.

The leading businesses in the industrial hoses market regularly invest in R&D to create cutting-edge products with improved functionality, robustness, and efficiency. Innovation can attract customers who are looking for innovative solutions, offering organizations a competitive edge. By focusing on several market sectors, businesses that provide a wide range of hose products for various industries and applications can expand their customer base. Building and construction are anticipated to account for around one-third of the worldwide industrial hoses market during the projected period. For many uses in the building and construction industry involving the transfer of materials, air, and fluids, industrial hoses are indispensable. The hoses are designed to perform tasks safely and effectively, boosting and optimizing building processes.

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FAQs

Global Industrial Hose Market size was valued at USD 13.2 billion in 2022, USD 14.01 billion in 2023 and is projected to grow USD 21.20 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031). 

A lot of companies are focusing on organic growth strategies, such as events, patents, approvals, and new product releases. The market has noticed acquisitions, partnerships, and collaborations as inorganic growth tactics. These actions have increased the clientele and revenue of the market participants. It is anticipated that the market players will have lucrative growth prospects in the future due to the growing demand for industrial hoses. NORRES, Parker Hannifin, Eaton, Gates, Kurt Manufacturing, Piranha Hose Products, RYCO Hydraulics, and Transfer Oil S.p.A. are a few of the major participants. 'NORRES Schlauchtechnik GmbH (Nalka Invest AB) ', 'Colex International Limited,  ', 'RYCO Hydraulics  ', 'Dixon Valve & Coupling Company, LLC  ', 'Pacific Echo ', 'Eaton (Ireland)Gates Corporation  ', 'Transfer Oil S.p.A  ', 'Kurt Manufacturing  ', 'Kanaflex Corporation Co., Ltd.  ', 'Titan Fittings  ', 'ContiTech AG (A Subsidiary of Continental AG)  ', 'PARKER HANNIFIN CORP  ', 'Semperit AG Holding  ', 'TITEFLEX CORPORATION ', 'TRELLEBORG CORPORATION '

Demand for hoses is being created by the growing number of infrastructure-related projects, which is stimulating private participation in infrastructure (PPI) to invest more. Growing infrastructure improvements as a result lead to an increase in the need for hoses. It is anticipated that most of the developments would occur in Africa and Asia. Infrastructure improvements in APAC are the main factor driving rapid urbanisation and industrialization; this trend is increasing demand for hoses because they can be used for a variety of tasks, including moving various kinds of fluids from one place to another in various

Durability and Efficiency of Thermoplastic Materials: Thanks to technological improvements, hoses that can survive hostile environments are becoming more efficient and durable. The use of thermoplastic materials into the production process of industrial hoses signifies a noteworthy advancement in terms of improving their general quality and functionality. These materials are excellent at withstanding a broad variety of chemicals, which makes them ideal for applications involving the transmission of caustic compounds.

The Industrial Hose Market is dominated by Asia Pacific due to several important factors. Industrial hoses are in high demand across a variety of industries, including manufacturing, construction, and agriculture, because of the region's rapidly growing industrialization, especially in nations like China and India. Furthermore, as cities grow more rapidly, infrastructure development initiatives are fueled, which supports market expansion even more. The region's supremacy is further reinforced by advantageous government measures supporting industrial expansion and investments in industries like chemicals, oil and gas. The region's supremacy is further reinforced by advantageous government measures supporting industrial expansion and investments in industries like chemicals, oil and gas. extensive supply chain infrastructure and the existence of significant manufacturing centers further solidify Asia Pacific's standing as a prominent participant in the global industrial hose market.

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Global Industrial Hose Market

Report ID: SQMIG20B2069

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