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Top Factor Driving Industrial Hose Market Growth in 2025: Rapid Urbanization Fueling Expansion In The Industrial Hose Market
Industrial Hose Market Size
The expansion of the industrial hose market is anticipated to see a surge due to rapid urbanization. Urbanization signifies the increasing proportion of those residing in towns and cities. For diverse purposes, including the pressure-driven discharge of water, industrial hoses are utilized in urban settings. For example, in July 2023, the Kenya-based UN-Habitat, an agency of the United Nations committed to human settlements, disclosed that more than half of the world's population (55%) resides in city zones, a figure projected to climb to 70% by 2050. Furthermore, in April 2023, the US-based World Bank, which is an international financial establishment, made known that over 50% of people worldwide currently stay in urban regions. Hence, the escalating trend of urbanization is fuelling the growth of the industrial hose market.
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What growth opportunities are expected to drive the industrial hose market's CAGR through 2034?
The market size for industrial hoses has experienced significant increase in the past years. Projections show that it will expand from $14.2 billion in 2024 to $15.24 billion in 2025, marking a compound annual growth rate (CAGR) of 7.4%. The observed growth in the historical period is due to several factors, including rise in global trade, infrastructural development, advancement in the automotive sector, exploration in the oil and gas industry, and growth in agriculture.
The market size of the industrial hose sector is anticipated to witness significant expansion in the upcoming years, reaching a value of $20.23 billion in 2029 with a compound annual growth rate (CAGR) of 7.3%. The predicted growth during this forecast period can be credited to factors such as the ascent of e-commerce, the development of renewable energy, enhanced automation, advancements in biotechnology, and a heightened focus on effective waste management. Expected trends for the forecast period encompass the incorporation of IoT, specialty and customized hoses, the use of bio-based materials, the advent of digital twins, and an emphasis on ergonomics.
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What are the emerging trends shaping the future of the industrial hose market?
Technological progress is a leading trend gaining traction in the industrial hose market. In order to maintain their status in this market, major companies are innovating new products equipped with cutting-edge technologies. As an example, Niedner Inc., a firm based in Canada that specializes in flexible fluid transport solutions, launched a new hose technology called ALTRA 3D in April 2022. This double-jacketed hose is designed to withstand high-pressure situations, making it dependable for various industrial uses. ALTRA 3D enhances safety and prevent corrosion across multiple industrial sectors. Its 3D circular woven design reduces wrinkling and snaking, combining the advantages of a double-jacketed hose in a single one. Given these unique attributes, ALTRA 3D becomes a promising solution for transmitting fluids including but not limited to water, minerals, slurry, oil, gas, and chemicals, even under rough environmental conditions.
Which growth-oriented segments of the industrial hose market are leading the industry's development?
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
Subsegments:
1) By Hydraulic Hoses: High-Pressure Hydraulic Hoses, Low-Pressure Hydraulic Hoses
2) By Layflat Hose: PVC Layflat Hose, Rubber Layflat Hose
3) By WRAS Hose: WRAS Approved Rubber Hoses, WRAS Approved PVC Hoses
4) By Oil Resistant Hose: Oil Resistant Rubber Hoses, Oil Resistant PVC Hoses
5) By Corrugated Hoses: Stainless Steel Corrugated Hoses, PTFE Corrugated Hoses
6) By Stripwound: Metal Stripwound Hoses, Plastic Stripwound Hoses
7) By Thermo-Duct: Thermal Insulation Ducts, High-Temperature Ducts
8) By Other Types: Specialty Hoses, Suction And Discharge Hoses, Food And Beverage Hoses
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What regions are leading the charge in the industrial hose market?
Asia-Pacific was the largest region in the industrial hose market in 2024. The regions covered in the industrial hose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the industrial hose market?
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., Norres Schlauchtechnik GmbH, Flexaust Co. Inc., RYCO Hydraulics Pty Ltd., Kanaflex Corporation Co. Ltd., Abbott Rubber Company Inc., PIRTEK USA, Transfer Oil S.p.A., Dantec Ltd., Flexicraft Industries, Salem-Republic Rubber Company, Amnitec Ltd., Anamet Europe B.V., Colex International Limited, Novaflex Group, Pacific Echo Inc., Goodall Rubber Company, Elaflex Hiby Tanktechnik GmbH & Co. KG, Flextral, HoseXpress, JGB Enterprises Inc., NewAge Industries Inc., Pacific Hoseflex Pty Ltd., Penflex Corporation, Senior Flexonics Inc., Swagelok Company, Texcel Infotech Pvt Ltd., United Flexible Inc.
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What Is Covered In The Industrial Hose Global Market Report?
•Market Size Forecast: Examine the industrial hose market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial hose market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial hose market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial hose market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial hose market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial hose market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial hose market.
•Competitive Landscape: Review strategic developments in the industrial hose market, including expansions, agreements, and new product launches.
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