Industrial Hose Market Size, Share, Trends, Growth 2032
Industrial Hose Market By Material (Natural Rubber, Nitrile Rubber, Polyvinyl Chloride (PVC), Silicone, Polyurethane, and Others), By Media (Chemical, Water, Oil, Hot Water and Steam, Air and Gas, and Food and Beverage) and By Industry (Automotive, Pharmaceuticals, Infrastructure, Oil & Gas, Food & Beverages, Chemicals, Water & Wastewater, Mining, Agriculture, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 13.79 Billion | USD 32.00 Billion | 9.8% | 2023 |
Industrial Hose Industry Prospective:
The global industrial hose market size was worth around USD 13.79 billion in 2023 and is predicted to grow to around USD 32.00 billion by 2032 with a compound annual growth rate (CAGR) of roughly 9.8% between 2024 and 2032.
Industrial Hose Market: Growth Drivers
Industrial hose basically refers to the flexible hollow tube or pipe, which is designed to supply fluids, water, and substances to various parts of the unit in the industry. The shape of the hose is usually cylindrical and its design is based on the combination of media and performance. Industrial hose is generally made of natural rubber, polyvinyl chloride (PVC), nitrile rubber, polyurethane, and others. The industrial hoses are widely used in the chemical industry owing to their capability of handling range of acids, solids such as powder, and others.
However, the use of hoses is not restricted to a single domain in industries; the demand for industrial hose is projected to witness tremendous growth over the forecast period. Moreover, advancements in the domain of industrial testing and safety are further gaining traction for the global industrial hose market.
Industrial Hose Market: Segmentation
Based on the material, the global industrial hose market has been classified into natural rubber, nitrile rubber, polyvinyl chloride (PVC), silicone, polyurethane, and others. Hoses made of polyurethane have anticipated gaining substantial growth over the forecast timeline. As polyurethane is a plastic material, it can be used in various Media, including composite wood panels, building insulation, refrigerator and freezer insulation, and others. Additionally, polyurethane hoses have exceptional resistance to kerosene, oil, gasoline, and other petroleum-based materials, which makes them suitable for chemical industry, oil & gas industry, mining industry, and others.
The global industrial hose market is categorized into chemical, water, oil, hot water and steam, air and gas, and food and beverage on the basis of media. In the global industrial hose market, chemical media has accounted for the largest share in 2018. Hoses that are used in the chemical industry are used for suction and discharge of chemicals as they are designed for optimal performance during the pressure flow. Owing to their high chemical and abrasion resistivity, the chemical media segment is further expected to generate potential revenue.
Based on verticals, the automotive industry is has accredited for the largest share in 2018. Rising usage of hoses in automobile engines to carry fluids coupled with the increased need for optimal engine performance and enhanced fuel efficiency is driving the segment value. Moreover, rising sales of passenger cars due to high disposable income helps to gain momentum for the segment growth.
Industrial Hose Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Industrial Hose Market |
| Market Size in 2023 | USD 13.79 Billion |
| Market Forecast in 2032 | USD 32.00 Billion |
| Growth Rate | CAGR of 9.8% |
| Number of Pages | 110 |
| Key Companies Covered | Eaton Corporation PLC, Gates Industrial Corporation PLC, Parker Hannifin Corporation, RYCO Hydraulics, Transfer Oil S.p.A., Kurt Manufacturing, Piranha Hose Materials, Inc., NORRES Schlauchtechnik MBH, Colex International Ltd., and others |
| Segments Covered | By Material, By Media, By End-Use Industry and By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Industrial Hose Market: Regional Analysis
Based on the region, Asia-Pacific has accounted for the largest market share in 2018. Increasing urbanization and rising demand for automobiles, especially in India and China are stimulating the need for industrial hose in the regional market. Further, modernization in the agricultural process along with growing per capita income in the region is further fueling the regional market growth.
Industrial Hose Market: Competitive Analysis
The global Industrial Hose market is led by players like:
- Eaton Corporation PLC
- Gates Industrial Corporation PLC
- Parker Hannifin Corporation
- RYCO Hydraulics
- Transfer Oil S.p.A.
- Kurt Manufacturing
- Piranha Hose Materials, Inc
- NORRES Schlauchtechnik MBH
- Colex International Ltd
This report segments the global industrial hoses market as follows:
Global Industrial Hoses Market: Material Segment Analysis
- Natural Rubber
- Nitrile Rubber
- Polyurethane
- PVC
Global Industrial Hoses Market: Media Segment Analysis
- Water
- Oil
- Hot Water and Steam
- Air and Gas
- Food and Beverage
- Chemical
Global Industrial Hoses Market: End-Use Industry Segment Analysis
- Automotive
- Infrastructure
- Oil & Gas
- Pharmaceuticals
- Food & Beverages
- Water & Wastewater
- Chemicals
- Mining
- Agriculture
Global Industrial Hoses Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
Table Of Content
Methodology
FrequentlyAsked Questions
A flexible tube constructed for the transmission of a variety of materials in industrial applications is known as an industrial hose. These hoses are indispensable in a variety of industries, such as manufacturing, construction, agriculture, and mining, due to their ability to endure harsh conditions such as high pressure, extreme temperatures, and chemical exposure.
Demand for industrial hoses is increasing in sectors such as oil and gas, mining, construction, and manufacturing as a result of the rapid industrialisation of emerging economies. The market demand for durable and high-performance hoses for fluid and gas transfer is being driven by the increasing exploration and production activities in the oil and gas sector.
The global industrial hose market size was worth around USD 13.79 billion in 2023 and is predicted to grow to around USD 32.00 billion by 2032.
The global industrial hose market a compound annual growth rate (CAGR) of roughly 9.8% between 2024 and 2032.
Based on the region, Asia-Pacific has accounted for the largest market share in 2018. Increasing urbanization and rising demand for automobiles, especially in India and China are stimulating the need for industrial hose in the regional market. Further, modernization in the agricultural process along with growing per capita income in the region is further fueling the regional market growth.
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