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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Industrial Hose Market Size
The global industrial hose market was valued at USD 13.48 billion in 2023. The market is further projected to grow at a CAGR of 3.9% between 2024 and 2032, reaching a value of USD 18.96 billion by 2032.
Industrial Hose Market Report Snapshots
Industrial Hose Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global industrial hose market attained a value of nearly USD 13.48 billion.
The market is projected to grow at a CAGR of 3.9% during the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 18.96 billion by 2032.
The market growth is driven by the rising usage of hoses in chemical industry to transport chemical media, increased demand in critical applications, growing trends related to infrastructure activities, and rising infrastructural trends.
The growing global demand for automobiles and the increasing modernisation of farming methods acts as a key trend for the market.
The major regions in the market include North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific, with the Asia Pacific expected to occupy a substantial share of the market.
The material types in the market include synthetic rubber, polyvinyl chloride (PVC), natural rubber, silicone, and polyurethane.
The various segments according to media are air and gas, oil, water and steam, chemical, food and beverage.
Automotive, chemical and pharmaceuticals, infrastructure, oil and gas, food and beverages, water and wastewater, mining, and agriculture, among others are the various segments on the basis of industries.
The major players in the market are Eaton Corporation PLC, Gates Industrial Corporation PLC, Parker Hannifin Corporation, Transfer Oil S.p.A., Kurt Manufacturing, Piranha Hose Products, Inc., NORRES Schlauchtechnik GmbH, Colex International Ltd., Kuriyama Holdings Corporation, ALMAPlast S.r.l., Griflex Limited, REHAU Industries SE & Co. KG, Danfoss A/S, RR Italia SPA., and Alfaflex NV, among others
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