Industrial Hose Market Forecast to Surge to US$ 18.11 Billion Achieving a Remarkable 4.9% CAGR Forecasted by 2025 to 2034

Polaris Market Research has released new insights into the Industrial Hose Market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors.

Market at a Glance:
Industrial Hose Market size and share is currently valued at USD 11.23 Billion in 2024 and is anticipated to generate an estimated revenue of USD 18.11 Billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 4.9% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034.

A Quick Insight into Industrial Hose Market:
The global industrial hose market is witnessing steady growth, driven by increasing demand from sectors such as oil & gas, construction, and manufacturing. Rising need for durable and high-performance hoses in fluid transfer applications is boosting market expansion. Technological advancements and the development of lightweight, corrosion-resistant materials are enhancing product offerings. Additionally, stringent safety regulations and growing infrastructure activities are supporting market growth. The market is expected to expand significantly in the coming years.

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Key Forces Shaping the Market:
The Industrial Hose Market is gaining traction due to a convergence of innovation, market expansion, and evolving consumer or industrial needs.

Below are some of the driving forces behind this growth:

Rising Infrastructure and Construction Projects:
• Construction spending in the U.S. reached USD 660.2 billion in the first four months of 2025, marking a 1.4% increase from USD 651.3 billion in the same period of 2024 (U.S. Census Bureau).

• Continuous growth in infrastructure, including urban expansion, transport upgrades, and public utilities, is driving demand for industrial hoses.

• Hoses play a vital role in tasks like concrete pumping, dewatering, cement mixture transfer, and operating pneumatic tools on construction sites.

• Harsh construction environments require hoses with flexibility, abrasion resistance, and durability under heavy mechanical stress.

• Major projects such as highways, commercial buildings, and metro systems depend on high-capacity hoses for efficient operation.

• This sustained need supports the ongoing growth of the industrial hose market globally.

Expansion of Oil & Gas Activities:
• The Bureau of Ocean Energy Management reported a 22.6% increase in remaining recoverable reserves in 2025, totaling 7.04 billion barrels of oil equivalent.

• This includes 5.77 billion barrels of oil and 7.15 trillion cubic feet of natural gas, indicating rising exploration and production activity.

• The need for durable hose systems is growing due to increased deep-sea and remote area exploration, which demand hoses that withstand extreme temperatures, corrosive environments, and high pressure.

• Industrial hoses are essential for processes such as fuel transfer, mud circulation, hydraulic fracturing, and chemical injection.

• Ongoing investments in shale gas, LNG infrastructure, and energy security initiatives are strengthening long-term demand.

• The industry requires high-performance hoses that comply with stringent safety and performance standards to support critical oil and gas operations.

Major Companies in the Market Landscape:
The competitive environment is shaped by rapid innovation, technological advancement, and strategic alliances. Leading market players are focused on strengthening their global presence through mergers, partnerships, and product upgrades.

A few of the major market participants include:
• ALFA GOMMA Spa
• Bridgestone Corporation
• Colex International Ltd
• Continental AG
• Danfoss
• Gates Corporation
• HANSA-FLEX AG
• HBD Thermoid
• KANAFLEX
• Kuriyama Holdings Corporation
• Manuli Ryco group
• Parker Hannifin Corp
• Polyhose
• Semperit AG Holding
• Sumitomo Riko Company Limited
• THE YOKOHAMA RUBBER CO., LTD.
• Trelleborg Group

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Industrial Hose Market Report Highlights:
• By material type, the rubber segment accounted for approximately 40% of the revenue share in 2024 due to its strong resistance to abrasion, weathering, and high-pressure conditions.

• Based on application, in 2024, the construction & infrastructure segment accounted for the largest revenue share, driven by rising global infrastructure investments in roads, buildings, and public utilities.

• In 2024, the North America industrial hose market is expected to grow significantly during the forecast period due to strong industrial output across automotive, oil & gas, and chemical sectors.

• The Asia Pacific market dominated with a revenue share of approximately 39% in 2024 due to rapid industrialization, expansion of manufacturing hubs, and rising infrastructure projects across key economies.

Market Breakdown by Segment:
Understanding how the market is segmented helps identify niche opportunities and targeted growth avenues. The segmentation is typically based on parameters such as:
By Material Type Outlook (Revenue USD Billion, 2020-2034)
• Rubber
• PVC
• Silicone
• Teflon
• Others

By Application Outlook (Revenue USD Billion, 2020-2034)
• Automotive
• Construction & Infrastructure
• Oil & Gas
• Pharmaceuticals
• Food & Beverages
• Water & Wastewater Treatment
• Mining
• Others

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Regional Leaders and Growth Hotspots:
Market performance varies significantly across regions, influenced by the presence of industries, investment flows, and regulatory support. Some regions are emerging as dominant forces due to their strong market infrastructure and rising demand.

The North America industrial hose market is poised for strong growth, fueled by robust industrial activity in automotive, oil & gas, and chemicals. Key drivers include investments in automation, infrastructure, and shale gas extraction. The Bipartisan Infrastructure Law (USD 1.2 trillion) is boosting demand for durable hose systems across transportation and energy projects. Regulatory focus on safety and emissions is accelerating the adoption of certified, leak-proof hoses, while innovations in hose materials enhance longevity and efficiency. In the U.S., large-scale manufacturing, electric vehicle production, and FDA-compliant hose needs in food and pharma sectors are contributing to market expansion.

The Asia Pacific region held a 39% revenue share in 2024, driven by rapid industrialization, rising infrastructure projects, and growth in China's chemicals and food sectors. Countries like India and Vietnam are also increasing investments in construction and energy, fueling demand. China leads the region with high output in automotive and smart manufacturing, supported by infrastructure megaprojects.

Europe's market is expanding due to sustainability goals, strict EU regulations, and modernization of water and energy infrastructure. Rising demand for specialty hoses in food and pharmaceutical industries also supports growth.

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