Industrial Hoses Market Size, Share, Analysis, Growth, Forecasts, 2032

Industrial Hoses Industry Prospective:

The global industrial hoses market size was evaluated at $12 billion in 2023 and is slated to hit $27 billion by the end of 2032 with a CAGR of nearly 11% between 2024 and 2032.

Request Free Sample

Industrial Hoses Market: Overview

Industrial hoses are flexible tubes designed for transporting fluids, gases, and powders in a spectrum of industrial settings. Moreover, they are designed to withstand extreme climatic conditions and fulfill specific applications. There are various kinds of industrial hoses, including rubber hoses, composite hoses, PVC hoses, welding hoses, material handling hoses, chemical hoses, petroleum  transport hoses, thermoplastic hoses, air & multi-purpose hoses, steam hoses, metal hoses, PTFE hoses, LPG hoses, and specialty hoses.

Key Insights

• As per the analysis shared by our research analyst, the global industrial hoses market is projected to expand annually at the annual growth rate of around 11% over the forecast timespan (2024-2032)
• In terms of revenue, the global industrial hoses market size was evaluated at nearly $12 billion in 2023 and is expected to reach $27 billion by 2032.
• The global industrial hoses market is anticipated to grow rapidly over the forecast timeline owing to an increase in the use of industrial hoses in construction, manufacturing, chemical, oil & gas, and farming sectors.
• In terms of hose type, the chemical hoses segment is slated to register the highest CAGR over the forecast period.
• Based on material type, the thermoplastic hoses segment is predicted to contribute majorly towards a global industry surge in the ensuing years.
• On the end-use, the construction segment is likely to maintain segmental domination in the forthcoming years.
• Region-wise, the North American industrial hoses industry is projected to register the fastest CAGR during the assessment timespan.

Industrial Hoses Market: Growth Factors

A surge in product application in various end-use sectors to boost the global market trends

An increase in the use of industrial hoses in construction, manufacturing, chemical, oil & gas, and farming sectors will prop up the expansion of the global industrial hoses market. Furthermore, beneficial features such as durability, flexibility, versatility, and chemical resistance will prop up the global market expansion.

In addition, a focus on infrastructural growth and an increase in the use of high-performing hoses is likely to pave the way for humungous growth of the global market. Moreover, the need for enhanced performance of hoses and consciousness about safety laws will impel the expansion of the market across the globe. Breakthroughs in the hose technologies and urbanization in developing countries will expand the scope of the global market demand.

Industrial Hoses Market: Restraints

Fluctuations in raw material prices can obstruct the growth of the industry globally over 2024-2032

Oscillations in raw material costs and strict environmental laws can impede the expansion of the global industrial hoses industry. Furthermore, economic downturns and the lack of skilled personnel can obstruct the growth of the global industry.

Industrial Hoses Market: Opportunities

Consistent requirement of effective fluid transfer solutions in spectrum of end-use industries to create new growth avenues for the global market

Constant need for proficient fluid transfer services across various end-use sectors such as mining, production, construction, and farming will offer new growth avenues for the global industrial hoses market. Furthermore, the rapid expansion of robotics and automation has translated into the huge popularity of specialized hoses aimed at aiding advanced fluidic tools, thereby propping the growth of the market globally.  

Industrial Hoses Market: Challenges

Fluctuations in the supply chain activities to challenge the global industry surge by 2032

Supply chain disruptions and cutthroat competition from product substitutes can challenge the expansion of the global industrial hoses industry. Moreover, strict regulatory compliance and environmental issues can create hurdles in the growth path of the global industry.

Industrial Hoses Market: Report Scope

Industrial Hoses Market: Segmentation

The global industrial hoses market is divided into hose type, material type, end-use, and region.                                             

In terms of hose type, the industrial hoses market across the globe is segmented into air & multipurpose hoses, mining hoses, oil & gas hoses, food & beverage hoses, material handling hoses, specialty hoses, water & steam hoses, and chemical hoses segments. Apparently, the chemical hoses segment, which garnered nearly half of the global market revenue in 2023, is predicted to record the fastest CAGR in the next couple of years as a result of the flourishing chemical sector and strict safety laws.     

Based on the material type, the global industrial hoses industry is sectored into rubber hoses, metal hoses, thermoplastic hoses, and composite hoses segments. Furthermore, the thermoplastic hoses segment, which accounted for the major size of the global industry in 2023, is likely to contribute substantively towards the global industry elevation over 2024-2032. This can be due to the cost-efficiency and versatility of the product. Moreover, lightweight features and the ability of the product in resisting to abrasion & chemicals will boost the segmental surge. Huge demand for lightweight & flexible hoses in construction, farming, and vehicle manufacturing sectors will drive the segmental expansion.

On the basis of end-use, the global industrial hoses market is segregated into oil & gas, manufacturing, farming, construction, mining, and marine segments. Moreover, the construction segment, which led the segmental surge in 2023, is predicted to retain segmental leadership position in the forecasting timeline owing to growing product use in construction activities due to the rise in the projects on infrastructural growth, product use in material handling, and use of construction equipment in excavators & cranes which make utilization of hydraulic hoses for transmitting power.

Industrial Hoses Market: Regional Insights

Asia-Pacific is projected to maintain leading position in the global market over the projected timespan

Asia-Pacific, which accounted for about three-fourths of the global industrial hoses market size in 2023, is expected to establish a numero uno position in the global market during the forecasting timeline. In addition, the regional market progression in the coming eight years can be credited to swift industrialization, an infrastructural surge, and the region's status as a manufacturing hub, necessitating the utility of industrial hoses across a slew of production processes.

North American industrial hoses industry is set to record the highest CAGR in the predicted timeframe. The swift elevation of the industry in North America can be attributed to flourishing e-commerce and online retail activities in the region, easy availability of the product in supermarket stores, and the presence of key manufacturers in countries such as the U.S. Moreover, the focus of various firms on enhancing output has led to rising acceptance of new tools such as industrial hoses, thereby steering the industry growth.

Industrial Hoses Market: Competitive Space

The global industrial hoses market profiles key players such as:

• RYCO Hydraulics
• Eaton Corporation
• Manuli Hydraulics
• Goodyear Engineered Products
• Alfagomma
• Parker Hannifin
• Gates Corporation
• Pirtek
• Continental Contitech
• Kuriyama of America
• Semperit AG Holding

The global industrial hoses market is segmented as follows:

By Hose Type

• Air & Multipurpose Hoses
• Mining Hoses
• Oil & Gas Hoses
• Food & Beverage Hoses
• Material Handling Hoses
• Specialty Hoses
• Water & Steam Hoses
• Chemical Hoses

By Material Type

• Rubber Hoses
• Metal Hoses
• Thermoplastic Hoses
• Composite Hoses

By End-Use

• Oil & Gas
• Manufacturing
• Farming
• Construction
• Mining
• Marine

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa