Press release
Industrial Hose Market Boom: Projected to Reach $15.24 Billion in 2025 at CAGR of 7.4% Driven by Rising Urbanization and Technological Advances
Industrial Hose Market Insights
What Is The Projected Market Size Of The Global Industrial Hose Market And Its Growth Rate?
• The industrial hose market size has grown strongly from $14.2 billion in 2024 to $15.24 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%.
• The growth in the historic period can be attributed to increased international trade, infrastructure development, automotive industry growth, oil and gas exploration, and agricultural expansion.
• The industrial hose market size is predicted to witness strong growth in the next few years, reaching $20.23 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%.
• This future growth can be attributed to e-commerce growth, renewable energy expansion, increased automation, rise in biotechnology, and growing emphasis on efficient waste management.
What Is Driving The Growth In The Industrial Hose Market?
Rapid urbanization is a crucial driver for the growth in the industrial hose market in the future years. Urbanization refers to the increase in the percentage of people living in urban areas, which frequently use industrial hose for the discharge of water under pressure, leading to a rise in the industrial hose market. According to the UN-Habitat, more than half (55%) of the global population lives in urban areas, and this is expected to increase to 70% by the year 2050. Similarly, the World Bank published that currently, over 50% of the global population resides in urban areas. Thus, rapid urbanization indeed fuels the growth of the industrial hose market.
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Who Are the Key Players Driving Industrial Hose Market Growth?
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.
What Are The Key Trends In The Industrial Hose Market?
Major trends in the forecast period include:
• IoT integration
• Customization and specialty hoses
• Bio-based materials
• Digital twins
• Focus on ergonomics
What Are The Segments Of 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
Which Region Leads The Industrial Hose Market?
Asia-Pacific dominated the industrial hose market in 2024 and will likely continue to lead in the forecast period. The regions covered in the industrial hose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Industrial Hose Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Hose Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Hose Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Hose Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Hose Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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