How Has The Industrial Hose Market Size Evolved Historically?
The industrial hose market has seen considerable growth due to a variety of factors.
• The market size of the industrial hose has witnessed significant expansion in the recent past. It is anticipated to rise from $14.2 billion in 2024 to approximately $15.24 billion in 2025, with a projected compound annual growth rate (CAGR) of 7.4%.
This growth in the historical period can be linked to the surge in international trade, development of infrastructure, escalation in the automotive industry, exploration of oil and gas, and advancement in agriculture.
How Does the Forecast Look for the Industrial Hose Market?
The industrial hose market is expected to maintain its strong growth trajectory in upcoming years.
• In the following years, the dimension of the industrial hose market is forecasted to experience robust growth. It is projected to skyrocket to a whopping $20.23 billion in the year 2029, escalating at a compound annual growth rate (CAGR) of 7.3%.
Factors contributing to this growth during the projected period include advancements in e-commerce, the expansion of renewable energy, a surge in automation, development in biotechnology, and a heightened focus on skillful waste management. Dominant trends during the forecast years embody the integration of IoT, the adaption of tailored and specialty hoses, the use of bio-based materials, the adoption of digital twins, and an increased emphasis on ergonomics.
What Are the Critical Driver Fuelling the Industrial Hose Market's Growth?
The swell of urban populations is predicted to fuel the expansion of the industrial hose market. This trend points to an increasing proportion of people populating cities and towns. The function of an industrial hose in these environments primarily includes compressed water delivery, among other roles. For example, UN-Habitat, a Kenyan United Nations agency for human settlements, revealed in July 2023 that over half (55%) of the world's population currently lives in urban settings, a figure that is projected to ascend to 70% by 2050. Furthermore, in April 2023, the World Bank, a US-based international financial organization, stated that more than 50% of the world's populace resides in cities. Consequently, rapid urban development is propelling the industrial hose market's growth.
How Are The Segments Defined Within The Global Industrial Hose Market?
The industrial hose market covered in this report is segmented –
1) By Type: Hydraulic Hoses, Layflat Hose, Wras Hose, Oil Resistant Hose, Corrugated Hoses, Stripwound, Thermo-Duct, Other Types
2) By Material Type: Rubber, Polyurethane, Polyvinyl Chloride, Metal, Thermoplastics, Composite, Silicone, Other Material Types
3) By Wire Type: Wire Braided, Spiral Wire
4) By Pressure: Low Pressure (Less Than 3000 Psi), Medium Pressure (Between 3000 to 6000), High Pressure (More Than 6000)
5) By Industry: Oil And Gas, Water, Agriculture, Food And Beverages, Pharmaceuticals, Automotive, Mining, Other Industries
Subsegments:
1) By Hydraulic Hoses: High-Pressure Hydraulic Hoses, Low-Pressure Hydraulic Hoses
2) By Layflat Hose: PVC Layflat Hose, Rubber Layflat Hose
3) By WRAS Hose: WRAS Approved Rubber Hoses, WRAS Approved PVC Hoses
4) By Oil Resistant Hose: Oil Resistant Rubber Hoses, Oil Resistant PVC Hoses
5) By Corrugated Hoses: Stainless Steel Corrugated Hoses, PTFE Corrugated Hoses
6) By Stripwound: Metal Stripwound Hoses, Plastic Stripwound Hoses
7) By Thermo-Duct: Thermal Insulation Ducts, High-Temperature Ducts
8) By Other Types: Specialty Hoses, Suction And Discharge Hoses, Food And Beverage Hoses
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How Are New Trends Expected To Influence The Growth Of The Industrial Hose Market?
Technological advancements are becoming a prominent trend in the industrial hose market. Dominant companies in this sector are innovating new products with cutting-edge technology to maintain their market standing. For example, in April 2022, Niedner Inc., a Canadian firm known for its high-performance fluid transport solutions, launched Alfred 3D. This new hose technology consists of a double-jacketed hose, engineered to withstand high-pressure conditions and cater to the demands of various industrial applications. The technology provides both safety and corrosion prevention across multiple industrial verticals. This uniquely designed 3D woven hose eliminates problems like wrinkling and snaking, incorporating the advantages of a double-jacketed hose into a single product. Its unique characteristics render it a prime choice for transferring fluids such as water, minerals, slurry, oil, gas, chemicals, etc. under severe environmental conditions.
Who Are the Key Players in the Industrial Hose Market?
Major companies operating in the industrial hose market include:
• Continental AG
• Bridgestone Corporation
• Eaton Corporation plc
• Parker Hannifin Corporation
• Trelleborg AB
• Saint-Gobain S.A.
• Gates Industrial Corporation plc
• Semperit AG Holding
• Alfagomma S.p.A.
• Polyhose India Pvt. Ltd.
• Kuriyama of America Inc.
• Hose Master Inc.
• Norres Schlauchtechnik GmbH
• Flexaust Co. Inc.
• RYCO Hydraulics Pty Ltd.
• Kanaflex Corporation Co. Ltd.
• Abbott Rubber Company Inc.
• PIRTEK USA
• Transfer Oil S.p.A.
• Dantec Ltd.
• Flexicraft Industries
• Salem-Republic Rubber Company
• Amnitec Ltd.
• Anamet Europe B.V.
• Colex International Limited
• Novaflex Group
• Pacific Echo Inc.
• Goodall Rubber Company
• Elaflex Hiby Tanktechnik GmbH & Co. KG
• Flextral
• HoseXpress
• JGB Enterprises Inc.
• NewAge Industries Inc.
• Pacific Hoseflex Pty Ltd.
• Penflex Corporation
• Senior Flexonics Inc.
• Swagelok Company
• Texcel Infotech Pvt Ltd.
• United Flexible Inc.
What Is The Most Dominant Region In The Industrial Hose Market?
Asia-Pacific was the largest region in the industrial hose market in 2024. The regions covered in the industrial hose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
