Hose Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global hose market was valued at USD 12.1 billion in 2022, and a CAGR of 10.8% is expected during the forecast period. Industrial hoses are made of PVC, plastic, and rubber and are used for software connections in various industries. It is used to handle air, water, food products, beverages, cements, chemicals, and fuels. Increasing demand from industries like construction, agriculture, and automotive is driving the growth of the market. Advancements in material technology are leading to more durable hose. Regulation in industry is prompting the adoption of more efficient and environmentally friendly hoses and innovations in hose design for specific applications. Factors like urbanization, infrastructural development, and technological advancements also play significant roles in driving the growth of the hose market.

Impact of Covid-19

COVID-19 had both positive and negative impacts on the hose market. Initially, there was a slowdown due to disruptions in the supply chain, manufacturing, and decreased demand from various industries during lockdown. However, as industries adopted the pandemic situation, there was increased demand for hoses in healthcare, sanitation, and other essential sectors. The focus on hygiene and safety measures also led to an uptick in demand for certain types of hoses, especially those used in medical equipment.

Growth Drivers

The growth drivers in the hose market are multifaceted. It includes increased demand from sectors like construction, agriculture, and automotive. Technological advancements are leading to more efficient and durable hoses. Innovation is hose design for specific purposes, and global trends such as rising urbanization, industrialization, and increasing population are driving the growth in the market. The rising focus on sustainable and eco-friendly materials is driving the development of hoses that meet these criteria and further influencing market growth. Technological advancement and rising urbanization, along with an increasing population, are driving the growth of the hose market significantly.

Segmentation

By Material

·         Natural Rubber

·         Nitrite Rubber

·         PVC

·         Silicone

·         Polyurethane

·         Others

By Media Type

·         Oil

·         Water

·         Hot water and Steam

·         Air and Gas

·         Food and Beverage

·         Chemical

By Industry

·         Automotive

·         Infrastructure

·         Oil and Gas

·         Pharmaceuticals

·         Food and Beverages

·         Chemicals

·         Water and Waste water

·         Mining

·         Agriculture

·         Others

Regional Outlook

·         Asia Pacific

·         North America

·         Europe

·         Latin America

·         Middle East and Africa

Hoses Market by Material Segmentation

On the basis of materials, the hose market is segmented into natural rubber, nitrite rubber, PVC, silicone, polyurethane, and others. Rubber hoses are the leading segment due to the versatility and flexibility of rubbers for various purposes. PVC is another leading segment due to its lightweight and flexibility, which make it suitable for transporting water, air, and certain chemicals. They are often used in industries where chemical resistance and flexibility are essential. Silicone hoses are resistant to extreme temperatures, making them ideal for high-temperature applications, such as in the automotive and aerospace industries. Composite hoses are made of multiple layers of different materials, providing enhanced flexibility, chemical resistance, and strength. They are used for specialized applications where the normal hoses are not suitable. Increasing demand for hoses for water and waste water treatment is driving the growth in the hoses market significantly.

Hose Market by Industry Segmentation

On the basis of the industry, the hose market is segmented into automotive, infrastructure, oil and gas, pharmaceuticals, food and beverages, chemicals, water and waste water, mining, agriculture, and others. Hoses play a critical role in various automotive applications, including cooling systems, fuel lines, brake systems, power steering, and vacuum lines. Pharmaceuticals are among the leading segments worldwide. The food and beverage sector are also witnessing significant growth during the forecast period. Hoses in mining serve various purposes, like transporting water, air, or other fluids, and are crucial for activities such as dust suppression, ventilation, and dewatering in mines. They aid in safety, equipment operation, and environmental control in mining operations. Increased demand for hoses in agriculture is also driving growth in the hose market. In the chemical industry, hoses play a critical role in safely transporting various chemicals. They are designed to handle specific types of chemicals, ensuring containment, preventing leaks, and safeguarding against corrosion or chemical reactions. Hoses are crucial for transferring acids, chemicals, solvents, and gases within facilities or during transportation.

Regional Outlook

On the basis of the regions, the hose market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The Asia-Pacific region is expected to hold the largest segment during the forecast period. Increasing urbanization, industrialization, and the presence of key market players are driving the growth of the market. China and India are the biggest markets due to increasing disposable income, industrialization, and urbanization. Various sectors, like automotive, agriculture, and manufacturing, drive the demand for hoses in this region.

China, Japan, India, and South Korea are the key players in the market due to rapidly growing industrialization. In Europe, the demand for hoses is influenced by industries like automotive, manufacturing, and construction. The demand for hoses is driven by the strict regulatory standards. The hose market in North America and Europe encompasses various sectors like automotive, agriculture, and residential. It involves products ranging from garden hoses to specialized industrial hoses, catering to different applications. Factors like technological advancements, environmental regulations, and industry demands are driving market growth in the United States of America, Germany, Canada, England, Spain, France, Italy, and Japan.

Increasing demand from foods and beverages, automotive, agriculture, mining, and waste water treatment is driving growth in the market. The increasing use of hoses in medical purposes for transferring food material and water is driving the growth of the market. The hose market is continuously growing and is expected to witness significant growth during the forecast period. Increasing industrialization is driving the market significantly in Middle East, and Africa region. United Arab Emirates, Saudi Arabia, and Egypt are the key players in this region. South Africa, Israel, Nigeria, and Ghana are witnessing slow growth in the market during the forecast period.

Key Players

·         Gates Industrial Corporation

·         Eaton Corporation

·         Continental AG

·         Kuriyama of America

·         Norres

·         Colex International

·         Kurt Manufacturing

·         Ryco Hydraulics

·         Transfer Oil

·         Parker Haniffin Corporation

·         Other Players