Hoses Market is Forecasted to Reach US$ 35.2 billion in 2030, Says Stratview Research

The global Hoses Market is projected to witness a growth rate of 4.8% annually from 2024 to 2030, with an anticipated size of US$ 35.2 billion in 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Hoses Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2030: US$ 35.2 billion
Growth (CAGR): 4.8% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Hoses Market:
The global Hoses Market is segmented application type, end-use industry type, material type, pressure type, reinforcement type and region

Based on end-use industry type: The hoses market is segmented into agriculture, transportation, construction, mining, oil & gas, chemical, industrial/manufacturing, and others. The transportation industry is expected to dominate the market with over 50% of the total sales of hoses within the industry during the forecast period. The majority of the transportation hoses are used in the automotive sector, especially in light commercial vehicles. The transportation industry's fastest growth in the hoses market is driven by growing automotive and aircraft production coupled with excellent long-term aftermarket opportunities.

Based on material type: The market is segmented into rubber, thermoplastic, and others. Rubber is expected to remain the most preferred material whereas thermoplastic is gaining popularity among every end-user of the market and expected to register higher growth during the forecast period.
Rubber offers excellent flexibility, crucial for hoses that need to bend and move in various applications. It also has a high level of durability, enabling it to withstand harsh working environments without cracking or breaking. Rubber hoses offer various properties, including resistance to oil or fluids, high resistance to aromatics, temperature resistance, fatigue resistance, and ozone resistance. Rubber is resistant to many chemicals, oils, and abrasive materials, making it suitable for transporting various substances, including chemicals, oils, fuels, and other corrosive fluids. Rubber is relatively affordable compared to more specialized materials. This cost-effectiveness and durability make it a preferred choice for many industries seeking a balance between performance and cost. The primary reason for thermoplastic hose's fastest growth is their recyclability and the development of eco-friendly materials.

Based on pressure type: The hoses market is segmented into low-pressure, medium-pressure, high-pressure, and extremely high-pressure hoses. Low-pressure hose is likely to maintain their reign whereas high-pressure hose is anticipated to be the fastest-growing pressure type of the market during the forecast period. Low-pressure hoses are designed to handle pressures below 300 psi and are cost-effective, lightweight, and easy to handle.
Many industrial processes and applications rely on the controlled and efficient flow of liquids or gases at lower pressure levels. These processes are widely used in industries such as agriculture, construction, manufacturing, and automotive to perform tasks such as fluid transfer, air conveyance, and pneumatic tool operation, which require lower pressure ratings. As global agricultural activities expand and infrastructure projects increase, there is continuous demand for low-pressure hoses for irrigation, drainage, and fluid transfer, ensuring their strong market position.
High-pressure hoses are essential in industries such as oil and gas, mining, construction, and manufacturing, where they transport fluids under extreme pressure. The growth of these industries, particularly in emerging markets, is driving demand for hoses that can handle tough operating conditions.
The increasing use of hydraulic systems in construction machinery, heavy equipment, and industrial automation requires high-pressure hoses to transmit hydraulic fluids efficiently. These systems operate under high pressure, and the need for robust, durable hoses has grown in parallel with the expansion of hydraulic applications.

Based on reinforcement type: The hoses market is segmented into textile braided, helix wire, wire braided, spiral braided, and others. Textile braided reinforcement is projected to remain the most preferred reinforcement due to their cost-effectiveness, flexibility, and consistency. Textile braided hoses have layers of high-strength textile fibers, typically polyester or nylon, providing excellent strength while remaining flexible. Textile braided reinforcement provides an ideal balance between flexibility and strength, making hoses reinforced with this material well-suited for various applications, including automotive, industrial, and agricultural sectors.
Textile braided hoses are more affordable than alternatives like wire braiding or spiral reinforcement, making them the preferred choice for various industrial uses and securing their dominance in the market.
Textile braided hoses are commonly used in low-to medium-pressure environments where heavy-duty reinforcements aren't necessary. Industries prefer them for their ability to handle moderate pressures without sacrificing flexibility or performance.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis Asia-Pacific is expected to remain the largest hose market during the forecast period. This growth outlook is majorly attributed to the following-
• The region has seen significant industrial growth and urbanization, particularly in China, India, and Southeast Asia. This expansion has increased hose demand across construction, manufacturing, agriculture, and infrastructure development industries.
• Asia-Pacific is home to some of the largest automotive manufacturing hubs in the world. Countries like China, Japan, India, and South Korea have major automotive production facilities, which drive high demand.
• As the region is undergoing industrial expansion and urbanization, the demand for hoses in manufacturing, agriculture, and construction applications remains consistently high, solidifying its position as the leading hose market.

Hoses Market Drivers:
The Hoses Market is driven by several key factors, including:
• The demand for hoses is projected to increase due to various significant factors. This includes the growing need for solid hoses for critical applications in automotive, construction, and chemical industries.
• Moreover, hose demand is expected to surge due to the expanding oil & gas exploration, infrastructural development, the growing automotive industry, and increased capital expenditure in the mining sector.
• Additionally, the growth in the agriculture industry, modern agricultural practices, rapid urbanization, and industrialization are anticipated to drive the hoses market further. Advancements in materials and manufacturing technologies have led to the production of more durable and efficient hoses, meeting industries' evolving requirements.
• The need for better performance, flexibility, and longevity in hoses has also driven research and development efforts, further stimulating market growth.

Top 10 Companies in the Hoses Market:
Stratview Research has identified the following companies as the top market players:
• Alfagomma S.p.A.
• Bridgestone Corporation
• Continental AG
• Danfoss
• Gates Corporation
• Manuli Rubber Industries
• Parker-Hannifin Corp.
• Semperit AG Holdings
• Sumitomo Riko Company Limited
• Yokohama Rubber

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Hoses Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Related Reports:
• Automotive Hoses Market: https://www.stratviewresearch.com/3817/automotive-hoses-market.htm

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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