Industrial Hose Market Size, Share and Trends 2024 to 2034

Industrial Hose Market Size and Forecast 2024 to 2034

The global industrial hose market size accounted for USD 14.50 billion in 2024 and is expected to exceed around USD 27.82 billion by 2034, growing at a CAGR of 6.73% from 2024 to 2034. Increasing application of hose across diverse industries such as construction and chemicals is the key factor driving the growth of the industrial hose market. Also, the surge in oil and gas exploration supported by infrastructure development can fuel market growth further.

Industrial Hose Market Key Takeaways

• Asia Pacific dominated the global industrial hose market with the largest market share of 38% in 2023.
• North America is anticipated to grow at the fastest rate in the market over the studied period.
• By material, the rubber segment accounted the largest market share of 41% in 2023.
• By material, the PVC (Polyvinyl Chloride) segment is anticipated to show the fastest growth in the market over the forecast period.
• By application, the construction and infrastructure segment contributed the biggest market share of 21% in 2023.
• By application, the pharmaceutical industry segment is estimated to grow at the fastest rate in the market over the projected period.

Asia Pacific Industrial Hose Market Size and Growth 2024 to 2034

The Asia Pacific industrial hose market size is exhibited at USD 5.51 billion in 2024 and is projected to be worth around USD 10.71 billion by 2034, growing at a CAGR of 6.86% from 2024 to 2034.

Asia Pacific dominated the global industrial hose industrial hose market in 2023. The dominance of the region can be attributed to the increasing construction projects in the region along with the increasing demand from the infrastructure sector in developing nations like India and Japan. Furthermore, rising urbanization and a surge of industries, including chemicals, automotive, and pharmaceuticals are observed in the region.

North America is anticipated to grow at the fastest rate in the industrial hose market over the studied period. The growth of the region can be linked to the growing demand for industrial hoses in non-residential construction projects like commercial buildings, colleges, and hospitals. Moreover, countries like the U.S. have strong economies due to their commercial real estate sectors.

• In January 2022, Gates launched the ProV Hydraulic Hoses, which were created for various industries like agriculture and construction. This new product line reflects ongoing advances in hose technology to meet diverse application needs.

Market Overview

A hose is a soft hollow tube designed to transport fluids from one place to another. Generally, the shape of this hose is cylindrical with a round cross-section. Common factors that must be considered while making a hose are weight, length, size, pressure rating, and chemical compatibility. The hose is mainly used in polyurethane, nylon, polyvinyl chloride, and polyethylene. Other hose materials are stainless steel and Teflon.

Production of Natural Rubber in India (2022)

Impact of AI on the Industrial Hose Market

The integration of AI technologies is substantially changing the industrial hose market. Powerful predictive maintenance systems and analytics improve the shelf life and efficiency of hoses by predicting wear and tear before they occur. Furthermore, the use of AI in production processes ensures consistency and higher accuracy in hose manufacturing, decreasing defects and enhancing overall quality.

• In September 2024, a global manufacturer of advanced, highly engineered power transmission and fluid power solutions launched the Data Master™ Data Center Cooling Hose. This fluid conveyance is driven by compute-intensive applications such as Artificial Intelligence.

Industrial Hose Market Growth Factors

• Increasing demand for automobiles across the globe is expected to boost industrial hose market growth shortly.
• Growing investments in the mining sector can propel market growth further.
• The rising modernization of agriculture processes will likely contribute to market expansion soon.

Market Scope

Market Dynamics

Driver

Increasing use of hoses in the chemical industry

Hoses are used in the chemical industry for suction and discharge purposes because they are created for optimal functions. These hoses need high abrasion and chemical resistivity for the safe transfer of chemical substances. In addition, the industrial hose market products made of plastic materials like polyurethane have strong resistance to kerosene, oil, and gasoline. Which makes them suitable for industry use in chemicals, mining, oil and gas, and agriculture.

• In June 2024, a global specialty chemicals company launched Prinex chroma 500 beads, a high-jetness carbon black created for the engineered plastics market that demands the highest aesthetic quality.
•  In October 2024, materials specialist Junkosha introduced six additional sizes of 1.8:1 shrink tubing solutions to its extensive portfolio, offering customers the widest array of both small and large sizes. This latest offering reinforces Junkosha’s commitment to developing innovative and customer-centric solutions in the medical device industry.

Restraint

Low awareness among end users

Industrial hoses are utilized in several applications under critical conditions and should work properly to carry out the operation. The hoses are damaged because of leaks, bursts, abrasion tube swell, and coupling corrosion. Moreover, the global industrial hose market faces key obstacles to offering optimum quality and preventing manufacturing defects, and most end users are not aware of the concerns associated with hose failures.

Opportunity

New product launches

Providers in the industrial hose market are heavily investing in research and development to launch energy-sufficient and innovative industrial hoses. Major suppliers in the market are fuelling their spending on cutting-edge product launches to control their market position. Furthermore, the increasing demand for vehicles is significantly propelling the market expansion. Silicon, rubber, and PVC hoses are generally used in the manufacturing of hoses used in vehicles.

• In May 2024, Danfoss Power Solutions launched its latest innovation, the Boston by Danfoss EHP530 and EHP531 antistatic hoses. Specifically created for oil, fuel, and gas transfer applications, these hoses are set to enhance safety, reliability, and ease of use in the industry.
• In March 2023, Continental introduced next-generation hydraulic hose solutions at IFPE/CONEXPO. Continental is transforming hose fabrication with the help of an advanced connected assembly solution driven by its smart technology.

Material Insights

The rubber segment led the global industrial hose market in 2023. The dominance of the segment can be attributed to the various properties offered by rubber materials, such as durability, flexibility, and exceptional resistance to harsh conditions. Numerous kinds of rubber, like natural rubber and synthetic rubber (neoprene and EPDM), are chosen based on their special properties. In addition, this choice of rubber ensures that industrial hoses can manage the necessary temperatures, pressures, and chemical exposures, offering high performance across a number of applications.

• In June 2024, Grote Industries unveiled a new line of Plug-and-Go three-in-one power cord and air assemblies. Available in two part numbers – the 81-3012 and 81-3015 – Grote’s Plug-and-Go assemblies come in 12- and 15-ft. lengths. They feature rubber grips along with a stainless-steel clamp and snap clip.

The PVC (Polyvinyl Chloride) segment is anticipated to show the fastest growth in the industrial hose market over the forecast period. The growth of the segment is due to versatility, cost-effectiveness, and other functional characteristics offered by PVC materials products, which are much more flexible and lighter, which makes them easy to install and handle in a variety of applications. Additionally, they provide exceptional resistance to weathering, abrasion, and a wide range of chemicals.

Application Insights

The construction & infrastructure segment dominated the global industrial hose market. The dominance of the segment can be credited to the increasing demand for industrial hoses due to their properties, such as high strength and flexibility. In the construction industry, hoses are important for delivering grout and concrete efficiently, optimizing the swift flow of materials like fuel and water to construction sites. Hoses also play a key role in wastewater and stormwater management systems.

• In October 2023, Watson-Marlow Fluid Technology Solutions (WMFTS) announced that Bredel hose pumps had extended its range of hoses by releasing the new and versatile Bredel NR Transfer hose for general fluid transfer applications at pressures up to 12 bar (174 psi).

The pharmaceutical industry segment is estimated to grow at the fastest rate in the industrial hose market over the projected period. The growth of the segment can be driven by the rising need for hoses in the pharmaceutical industry as they ensure the efficient and safe transfer of products and other ingredients throughout the production process. These hoses are utilized for carrying liquids, bulk powders, etc between packaging lines and storage tanks. Their applications are in managing high-purity fluids, transferring (APIs), and handling sterile solutions under complete hygienic conditions.

Industrial Hose Market Companies

• inYuan Rubber Manufacturing (JYM Hose) LTD
• Eaton
• Flexaust Inc.
• HANSA FLEX
• Gollmer and Hummel GmbH
• PARSCH Schlauche Armaturen GmbH and Co. KG
• Poly hose
• AEROFLEX

Recent Developments

• In April 2023, Kurt Manufacturing completed the acquisition of Bellatex Industries LLC, improving its product offerings and positioning in the industrial hose market. This strategic move aims to fulfill growing market demands and expand its global footprint.
• In February 2023, Parker Hannifin Corporation launched a new range of industrial hoses with improved flexibility and chemical resistance made of sophisticated thermoplastic materials. These hoses meet the growing need for robust and adaptable fluid handling solutions by serving a variety of applications in sectors like industry, oil and gas, and agricultural.
• In October 2022, Eaton Corporation launched a line of high-performing industrial hoses with Internet of Things (IoT) sensors to monitor vital metrics like flow rate, temperature, and pressure in real time. This invention enhances operational effectiveness and safety in many industries, such as mining, building, and auto production.
• In June 2023, Gates Corporation introduced a new composite industrial hose. It is made for harsh environments and combines a lightweight design with remarkable endurance and resilience to UV radiation, chemicals, and abrasion. Reliability and performance are critical factors in industries such as aerospace, maritime, and utilities, which are served by this development.

Latest Announcements by Industry Leaders

• In October 2024, Eaton announced their third quarter 2024 earnings. The company will conduct a conference call to discuss the results with investors and securities analysts. The presentation materials and webcast replay will be available on the company's financial presentations and webcasts page. 
• In October 2024, Aeroflex Industries announced that its board of directors would meet to consider and approve the unaudited financial results for the quarter and half year.

Segments Covered in the Report

By Material Type  

• Rubber
• PVC
• Silicone
• Teflon
• Other Materials

By Application

• Automotive
• Construction and Infrastructure
• Oil and Gas
• Pharmaceuticals
• Food and Beverages
• Water and Wastewater Treatment
• Mining
• Other Applications 

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa