Industrial Hose Market

Global Industrial Hose Market Value, Trends & Growth (2024 - 2028)

The global Industrial Hose Market, valued at USD 15 Billion in 2023, is expected to reach USD 19.09 Billion by 2028, with a growth rate (CAGR) of 5.5% from 2024 to 2028.

Market Driving Factors

The growth of the industrialization in developing nations like China, India and some other countries is driving the growth of the global industrial hose market.

The advancements in the agriculture industry of using technology, the increase in the usage of the latest technology and recently developed cultivating techniques that are done by machinery are among the reasons for the growth of the industrial hose market. The adoption of the latest technological advancements in various industries such as automotive, healthcare, and many more is the prime reason for the rise of the industrial hose market's market revenue. The automotive industry is one of the promising end-use applications for industrial hoses, which is estimated to expand with a noteworthy growth rate in the next few years.

Also, the wide range of applications and options to choose from the various types of hoses are some of the prime factors for the increase in the global industrial hose market. Moreover, with the competitive spirit of the major players, prices of the hoses are made aggressively. These are the factors that are propelling the growth of the Global Industrial Hose Industry.

Key Challenges

Although the industrial hose market is growing, because of the lack of technicians who are aware of these industrial hoses is one of the let-down factors of it. And also, less reach to the end-user is also hindering the global industrial hose market.

Growth Opportunities

The growing demand for the automobile industry in the forecast is anticipating the growth of this industrial hose market because of the advantages they offer. And the need for robust hoses in the manufacturing industries is one of the reasons that are likely to create several growth opportunities for newcomers.

Recent Developments in the Industry

• In January 2019, the aftermarket division of the Eaton (Ireland) car group reached a distribution contract with Bezares SA to become the North American distributor for its portable power hydraulic portfolio. This collaboration will enable Eaton's aftermarket team to impact its partnership with Bezares to offer extensive portable hydraulic solutions that fulfill client requirements for PTOs and other hydraulic products
• In June 2018, Gates (US) launched a new line of premium, multipurpose hydraulic hose to satisfy replacement market and OEM needs. This new product is intended for apps across multiple sectors, such as agriculture, mining, construction, and other end-market apps.
• In April 2017, Eaton (Ireland) introduced a fresh hydraulic hose series — GH681, which has high-efficiency capacities and durability in environmental severe applications such as small building machinery, agricultural cars, and aerial lift platforms and forestry machines.

Industrial Hose Market is Segmented into the following categories as per the Research Report until 2024.

Industrial Hose Market: By Material

• Natural rubber
• Nitrile rubber
• Polyvinyl chloride (PVC)
• Silicone
• Polyurethane

Industrial Hose Market: By Media

• Chemical
• Water
• Oil
• Hot water and Steam
• Air and Gas
• Food and Beverages

Industrial Hose Market: By Industry

• Automotive
• Pharmaceuticals
• Infrastructure
• Oil and Gas
• Food and Beverages
• Chemicals
• Water and Wastewater
• Mining
• Agriculture

Among all the Industry category, the automotive sector that has taken the significant revenue share of it. And it is also positively propelling its growth because of the applications of these industrial hoses. The demand for improvements in the engine performance of a car is increasing the adoption of turbochargers, which is fueling the usage of this industrial hose across the vertical.

Industrial Hose Market: By Region

The Industrial Hose Market Report includes the segmentation of Regions with their respective Countries.

• North America Industrial Hose Market includes U.S, Canada

• Europe Industrial Hose Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe

• Asia Pacific Industrial Hose Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC

• Latin America Industrial Hose Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM

• Middle East & Africa Industrial Hose Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

Regionally, during the forecast period, APAC is expected to hold the largest share of the industrial hose market. APAC is the leading market for industrial hoses in the automotive, infrastructure, and agricultural industries, with high demand driven by countries such as China, India, and Japan. APAC is a prospective market for industrial hoses due to increased urbanization, increased demand for automobiles, and modernization of agricultural procedures. High population density and increasing per capita revenue in this region, along with large-scale industrialization and urbanization, are driving the market growth.

Industrial Hose Market is Dominated by the Prominent Key Players & listed in the report are 

Gates(US), Eaton(Ireland), Parker Hannifin(US), RYCO Hydraulics(Australia), Kurt manufacturers(US), NORRES (Germany), Piranha Hose Products(US), Transfer Oil S.p.A (Italy), Colex International(UK), Kanaflex Corporation(US), Pacific Echo Inc.(US, Merlett Technoplastic S.p.A (Italy), Semperit(Austria), Kuriyama of America Inc.(US), Salem-Republic Rubber company(US)