Industrial Hose Market Forecasts to 2028 - Global Analysis By Type (Corrugated Hoses, Hydraulic Hoses, Layflat Hoses and Other Types), Material (Rubber, Nitrile Rubber, Polyvinyl Chloride and Other Materials), Pressure (Low Pressure, Medium Pressure and High Pressure), Media (Air and Gas, Chemical, Food and Beverage and Other Medias), End User (Agriculture, Automotive, Mining and Other End Users) and By Geography
Estimated Year Value (2022)
US $12.77 BN
Projected Year Value (2028)
US $25.07 BN
CAGR (2022 - 2028)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Industrial Hose Market is accounted for $12.77 billion in 2022 and is expected to reach $25.07 million by 2028 growing at a CAGR of 11.9% during the forecast period. A hose is a flexible hollow tube used to transport liquids from one location to another. Hoses are frequently referred to as pipes or, more specifically, tubing. Performance and application are combined to create the hoses' design. Size, pressure, weight, length, straight hose vs. coil hose, and chemical compatibility are specific factors to take into account. Due to their extensive offerings, industrial hoses are frequently used in a variety of industry sectors.
According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in FY 2019, the global sales for passenger cars and commercial vehicles stood at USD 67 million and USD 25 million, respectively. The increasing sales keep the demand for the industrial hose market high.
Growing infrastructure developments
Infrastructure-related projects are expanding, which encourages PPI (private participation in infrastructure) to increase investment and boost hose demand. By 2050, the projected global population is to be around 9.8 billion, meaning that there will be twice as many people living in urban areas. As a result, there is an increase in infrastructure development and hose demand. Fast industrialization and urbanization are primarily fueled by APAC's infrastructure growth. Furthermore, hoses are used for a variety of tasks, including material handling in the construction industry and transporting various types of fluids from one place to another in a variety of industries; this trend is increasing the demand for hoses.
Inadequate product differentiation
The industrial hose market's expansion is expected to be constrained by a lack of product differentiation. The majority of hose producers have similar product designs and serve the requirements of all industries. As a result, it is challenging for manufacturers to distinguish their products widely. Additionally, there won't be as much technological advancement and there won't be as many manufacturing materials available, which will be difficult for hose manufacturers.
The market for industrial hoses is anticipated to grow quickly in the future due to rapid urbanization. Increases in the proportion of people living in cities and towns are referred to as urbanization. Among other things, a pressure-driven water discharge is one of the uses for an industrial hose in cities. For instance, the World Bank Group, a US-based international financial organization, estimates that 56% of the world's population will reside in urban areas in 2021. Therefore, it is anticipated that rapid urbanization will increase market growth in the coming years.
Rising number of counterfeit products
Counterfeit industrial hoses are currently available in great numbers on the market. Some dishonest businesses mislabel low-quality, counterfeit industrial hoses as being produced by well-known industrial hose manufacturers. Industrial hoses can be difficult to distinguish between genuine and fake. These hoses are not produced to the same high standards as those produced by reputable industrial hose companies, and they could harm the equipment, which could have disastrous effects on the company.
Industrial hose sales have been impacted globally by the COVID-19 pandemic. However, a few ecosystem players saw opportunities as a result of the pandemic. Chemical and gas hoses are in demand because there are active pharmaceutical manufacturing facilities all over the world. Industrial hoses are used in dosing systems, pelleting machines, vacuum conveying equipment, and suction conveyors in the pharmaceutical industry. The demand for industrial hoses is therefore expected to rise as pharmaceutical production increases following the COVID-19 crisis.
The automotive segment is expected to be the largest during the forecast period
The automotive segment had the largest market share, at about 24.3%, and is expected to remain dominant throughout the forecast period. Hoses are used in automobiles to transport fuel and lubricants. More people are buying cars, which accelerates the growth of the automotive industry and, in turn, the market for industrial hoses. They are also utilized in the hydraulic and cooling systems. It is anticipated that during the forecast period, hose manufacturers will experience growth due to advancements in the automotive industry, including autonomous vehicles, electric cars, and hybrid electric vehicles, as well as rising demand for automobiles globally.
The polyurethane segment is expected to have the highest CAGR during the forecast period
During the forecast period, polyurethane is anticipated to experience the highest CAGR. As a result of excellent advantages like high resistance, flexibility, tensile strength, etc., polyurethane is expected to see increasing adoption. Polyurethane hoses, as well as those used in the mining, oil and gas, chemical, and agricultural industries, provide excellent resistance to products made of petroleum, which is fueling market growth.
Region with largest share:
The Asia Pacific region emerged as the industrial hose largest market during the forecast period. In 2020, the Asia Pacific region accounted for 36.2% of market revenue. The regional market is experiencing an increase in demand for industrial hose, particularly in China and India, where urbanization and automobile demand are both growing. The region's market growth is also strongly supported by the construction and industrial sectors. One of the most significant producers of construction equipment worldwide is China.
Region with highest CAGR:
Owing to the robust automotive industry, the North American region is anticipated to witness the highest growth rate. One of the largest markets in the automotive sector, for both vehicle production and sales, is the United States. Furthermore, the industry is expanding owing to creative approaches, numerous R&D projects, and supportive government initiatives. Additionally, technological developments in the chemical and pharmaceutical industries in the United States of America are probably going to increase demand for industrial hose, which will support market growth.
Key players in the market
Some of the key players profiled in the Industrial Hose Market include Colex International Ltd., Bridgestone, Flexaust Inc., Gates Industrial Corporation PLC, HANSA-FLEX, Kanaflex Corporation, Kuriyama Holdings Corporation, Kurt Manufacturing, Manuli Hydraulics, NORRES Schlauchtechnik GmbH, Parker-Hannifin Corporation, Piranha Hose Products, Inc., RYCO Hydraulics Pty Ltd, Semperit, Sumitomo Riko, Transfer Oil S.p.A. and Yokohama Rubber.
In October 2022, Kurt Manufacturing entered into an agreement with Dyco. Under this agreement, Dayco branded hydraulic hose and coupling inventory will be transferred to Kurt Hydraulics.
In July 2021, NORRES Schlauchtechnik GmbH, a manufacturer, developer and distributor of flexible hose system solutions, acquired Baggerman Group ("Baggerman"), a manufacturer and distributor of industrial hoses, couplings and accessories. This acquisition would help the company to increase its global presence and also help expand the market.
In September 2020, kuriyama of america company developed a new product called TigerflexÂ Tiger Aquaâ" Suction and Discharge Hose. This new addition of a product would not only improve the product portfolio of the company but also help in boosting overall sales.
• Corrugated Hoses
• Hydraulic Hoses
• Layflat Hoses
• Oil Resistant Hoses
• Stripwound Hoses
• Thermo-Duct Hoses
• WRAS Hoses
• Other Types
• Nitrile Rubber
• Polyvinyl Chloride
• Other Materials
• Low Pressure
• Medium Pressure
• High Pressure
• Air and Gas
• Food and Beverage
• Hot Water and Steam
• Other Medias
End Users Covered:
• Water & Wastewater
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Industrial Hose Market, By Type
5.2 Corrugated Hoses
5.3 Hydraulic Hoses
5.4 Layflat Hoses
5.5 Oil Resistant Hoses
5.6 Stripwound Hoses
5.7 Thermo-Duct Hoses
5.8 WRAS Hoses
5.9 Other Types
6 Global Industrial Hose Market, By Material
6.3 Nitrile Rubber
6.4 Polyvinyl Chloride
6.9 Other Materials
7 Global Industrial Hose Market, By Pressure
7.2 Low Pressure
7.3 Medium Pressure
7.4 High Pressure
8 Global Industrial Hose Market, By Media
8.2 Air and Gas
8.4 Food and Beverage
8.5 Hot Water and Steam
8.8 Other Medias
9 Global Industrial Hose Market, By End User
9.8 Water & Wastewater
9.9 Other End Users
10 Global Industrial Hose Market, By Geography
10.2 North America
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.5 Other Key Strategies
12 Company Profiling
12.1 Colex International Ltd.
12.3 Flexaust Inc.
12.4 Gates Industrial Corporation PLC
12.6 Kanaflex Corporation
12.7 Kuriyama Holdings Corporation
12.8 Kurt Manufacturing
12.9 Manuli Hydraulics
12.10 NORRES Schlauchtechnik GmbH
12.11 Parker-Hannifin Corporation
12.12 Piranha Hose Products, Inc.
12.13 RYCO Hydraulics Pty Ltd
12.15 Sumitomo Riko
12.16 Transfer Oil S.p.A.
12.17 Yokohama Rubber
List of Tables
1 Global Industrial Hose Market Outlook, By Region (2020-2028) ($MN)
2 Global Industrial Hose Market Outlook, By Type (2020-2028) ($MN)
3 Global Industrial Hose Market Outlook, By Corrugated Hoses (2020-2028) ($MN)
4 Global Industrial Hose Market Outlook, By Hydraulic Hoses (2020-2028) ($MN)
5 Global Industrial Hose Market Outlook, By Layflat Hoses (2020-2028) ($MN)
6 Global Industrial Hose Market Outlook, By Oil Resistant Hoses (2020-2028) ($MN)
7 Global Industrial Hose Market Outlook, By Stripwound Hoses (2020-2028) ($MN)
8 Global Industrial Hose Market Outlook, By Thermo-Duct Hoses (2020-2028) ($MN)
9 Global Industrial Hose Market Outlook, By WRAS Hoses (2020-2028) ($MN)
10 Global Industrial Hose Market Outlook, By Other Types (2020-2028) ($MN)
11 Global Industrial Hose Market Outlook, By Material (2020-2028) ($MN)
12 Global Industrial Hose Market Outlook, By Rubber (2020-2028) ($MN)
13 Global Industrial Hose Market Outlook, By Nitrile Rubber (2020-2028) ($MN)
14 Global Industrial Hose Market Outlook, By Polyvinyl Chloride (2020-2028) ($MN)
15 Global Industrial Hose Market Outlook, By Silicone (2020-2028) ($MN)
16 Global Industrial Hose Market Outlook, By Polyurethane (2020-2028) ($MN)
17 Global Industrial Hose Market Outlook, By Elastomers (2020-2028) ($MN)
18 Global Industrial Hose Market Outlook, By Thermoplastics (2020-2028) ($MN)
19 Global Industrial Hose Market Outlook, By Other Materials (2020-2028) ($MN)
20 Global Industrial Hose Market Outlook, By Pressure (2020-2028) ($MN)
21 Global Industrial Hose Market Outlook, By Low Pressure (2020-2028) ($MN)
22 Global Industrial Hose Market Outlook, By Medium Pressure (2020-2028) ($MN)
23 Global Industrial Hose Market Outlook, By High Pressure (2020-2028) ($MN)
24 Global Industrial Hose Market Outlook, By Media (2020-2028) ($MN)
25 Global Industrial Hose Market Outlook, By Air and Gas (2020-2028) ($MN)
26 Global Industrial Hose Market Outlook, By Chemical (2020-2028) ($MN)
27 Global Industrial Hose Market Outlook, By Food and Beverage (2020-2028) ($MN)
28 Global Industrial Hose Market Outlook, By Hot Water and Steam (2020-2028) ($MN)
29 Global Industrial Hose Market Outlook, By Oil (2020-2028) ($MN)
30 Global Industrial Hose Market Outlook, By Water (2020-2028) ($MN)
31 Global Industrial Hose Market Outlook, By Other Medias (2020-2028) ($MN)
32 Global Industrial Hose Market Outlook, By End User (2020-2028) ($MN)
33 Global Industrial Hose Market Outlook, By Agriculture (2020-2028) ($MN)
34 Global Industrial Hose Market Outlook, By Automotive (2020-2028) ($MN)
35 Global Industrial Hose Market Outlook, By Infrastructure (2020-2028) ($MN)
36 Global Industrial Hose Market Outlook, By Marine (2020-2028) ($MN)
37 Global Industrial Hose Market Outlook, By Mining (2020-2028) ($MN)
38 Global Industrial Hose Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
39 Global Industrial Hose Market Outlook, By Water & Wastewater (2020-2028) ($MN)
40 Global Industrial Hose Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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