Press release
Industrial Hose Industry Outlook 2025-2029: Market Set to Cross $20.23 Billion Milestone
Industrial Hose Market
How Large Will the Industrial Hose Market Size By 2025?
In recent times, the industrial hose market size has been noting significant growth. The market is projected to expand from $14.2 billion in 2024 to a substantial $15.24 billion in 2025, marking a compound annual growth rate (CAGR) of 7.4%. The unprecedented growth during the historical period can be traced back to factors such as the surge in international trade, advancements in infrastructure, expansion of the automotive industry, the exploration of oil and gas, and agricultural progression.
How Big Is the Industrial Hose Market Size Expected to Grow by 2029?
The market size of the industrial hose is predicted to witness robust growth in the upcoming years and is projected to reach a value of $20.23 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 7.3%. The anticipated growth during the forecast period is due to factors such as the expansion of e-commerce, the growth of renewable energy, increased automation, the burgeoning biotechnology sector, and an intensified focus on effective waste management. Key trend forecasts for this timeframe include the integration of IoT, the introduction of customized and specialty hoses, the use of bio-based materials, the application of digital twins, and a heightened focus on ergonomics.
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Which Key Market Drivers Powering Industrial Hose Market Expansion and Growth?
The industrial hose market is set to experience substantial growth fueled by rapid urbanization. The term urbanization pertains to the growing proportion of the populace residing in towns and cities. Among many other applications, industrial hoses are utilized in these urban settings to regulate the pressure of water discharged. For example, data published by UN-Habitat, a United Nations agency headquartered in Kenya, reported that over half of the global population (55%) lived in urban environments as of July 2023, a figure that is projected to rise to 70% by 2050. Similarly, the US-based World Bank, an international financial establishment, revealed in April 2023 that over half of the world's population currently resides in urban locations. Consequently, the rate of urbanization is a significant factor propelling the expansion of the industrial hose market.
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Which Fast-Growing Trends Are Poised to Disrupt the Industrial Hose Market?
Technological advancements are emerging as a significant trend in the industrial hose market. To secure their market position, leading participants in this market are creating innovative products employing advanced technologies. Niedner Inc., a leading company from Canada renowned for its top-notch flexible fluid transport solutions, is one such example. In April 2022, the company unveiled ALTRA 3D. This new hose technology is a double-jacketed hose, purposefully designed for high-pressure environments making it reliable for industrial uses. This technology provides safety and corrosion resistance across several industrial sectors. This 3D circular woven hose prevents wrinkling and snaking while combining the advantages of a double-jacketed hose into one product. The unique qualities of the ALTRA 3D make it an attractive choice for transporting varying fluids such as water, minerals, slurry, oil, gas, chemicals, among others in challenging environmental conditions.
What Are the Emerging Segments in 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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Industrial Hose Industry?
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.
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