Press release
Rapid Urbanization Fueling Expansion In The Industrial Hose Market: A Key Driver Powering Industrial Hose Market Growth In 2025
Industrial Hose
How Big Is the Industrial Hose Market Size Expected to Be by 2034?
The size of the industrial hose market has been experiencing significant growth in the past few years. The market worth will expand from $14.2 billion in 2024 to $15.24 billion in 2025, marking a compound annual growth rate (CAGR) of 7.4%. Factors contributing to this growth during the historic period include increased global trade, infrastructure growth, expansion of the automotive industry, advancements in oil and gas exploration, and agricultural development.
The market size for industrial hoses is anticipated to experience robust expansion in the coming years, with predictions showing it will increase to $20.23 billion by 2029, marking a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth during the forecast period include a boom in e-commerce, developments in renewable energy, heightened automation, the growth of biotechnology, and a greater focus on effective waste management. Significant trends for this period are the integration of IoT, customization and speciality hoses, usage of bio-based materials, digital twins, and a keen focus on ergonomics.
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What Are the Emerging Segments Within the 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
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 Long-Term Drivers Are Shaping Industrial Hose Market Trends?
The industrial hose market is projected to expand rapidly due to increasing urbanization. This is tied to the surge in the number of individuals residing in cities and towns. Industrial hoses, used to discharge water under pressure, among other functions, are integral in these urban areas. For example, the UN-Habitat, a United Nations agency based in Kenya focusing on human settlements, reported in July 2023 that more than half (55%) of the world's population live in urban areas, a number predicted to rise to 70% by 2050. Furthermore, in April 2023, the World Bank, an international financial institution based in the US, stated that currently over half of the world's population resides in urban areas. For this reason, rapid urbanization is fueling the growth of the industrial hose market.
Who Are the Top Competitors in Key Industrial Hose Market Segments?
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.
What Industrial Hose Market Trends Are Gaining Traction Across Different Segments?
One significant trend that is gaining traction in the industrial hose market is the advancement in technology. The key players in this market are coming up with innovative products using cutting-edge technologies to maintain their market dominance. For example, in April 2022, Niedner Inc., a Canadian firm known for high-quality fluid transport solutions, launched ALTRA 3D. This is a novel hose technology with a two-jacketed design, making it dependable for high-pressure conditions and various industrial uses. It enhances safety and prevents corrosion across several industrial sectors. This 3D circular woven hose also helps to prevent snaking and wrinkling and merges the perks of a double-jacketed hose into a single unit. The unique attributes of ALTRA 3D make it a preferred choice for transporting a range of fluids, including minerals, slurry, water, oil, gas, chemicals, and more, under severe environmental conditions.
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Which Regions Are Becoming Hubs for Industrial Hose Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Hose Market?
2. What is the CAGR expected in the Industrial Hose Market?
3. What Are the Key Innovations Transforming the Industrial Hose Industry?
4. Which Region Is Leading the Industrial Hose Market?
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