Industrial hose market
Industrial Hose Market, By Material (Rubber, PVC, Silicone, Teflon, Others), By Media Type (Water, Oil, Hot Water and Steam, Air and Gas, Food and Beverage, Others), By Industry (Oil & Gas, Chemical, Food & Beverage, Pharmaceuticals, Agriculture, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
- Mar 2024
- CMI6780
- 133 Pages
- Excel & Pdf
- Consumer Goods
Market Size and Trends
Global industrial hose market is estimated to be valued at US$ 14.88 Bn in 2024 and is expected to reach US$ 28.81 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.
Growing Industrialization and Infrastructure Development
With rapid urbanization and globalization, there has been significant growth in industrialization and infrastructure development across major economies worldwide. Various industries such as oil & gas, chemical, mining, food processing, construction, agriculture, and others are expanding operations and producing at larger capacities. This has tremendously boosted demand for industrial hoses that are used for a wide range of material handling applications in these industries. Whether its transportation of crude oil, chemicals, slurries, food items or construction materials - hoses play a critical role in conveying fluids and bulk products within the industrial premises and across locations. Government investments in building new roads, bridges, ports, power plants, factories, commercial spaces, and others have also boosted the need for hoses. As the scale of operations grows, requirement rises for reliable and durable hoses that can withstand harsh conditions and ensure smooth operations over longer usage cycles without interruptions. This has propelled the industrial hose market growth as manufacturers are focusing on developing hoses with advanced polymer formulations, robust engineering designs and wider product portfolios to suit the application needs of various industries. Growing industrialization and infrastructure development are expected to drive the market growth. For instance, according to the data by Invest India in 2022, India's infrastructure is anticipated to expand at a compound annual growth rate (CAGR) of almost 7% during the forecast period.
Market Concentration and Competitive Landscape
With advancing technologies, new industrial processes are continuously emerging which put emphasis on performance, efficiency and safety. This evolution is opening up opportunities for enhanced hoses required to handle new type of fluids and materials. For instance, developing economies are investing heavily in renewable energy sources like solar, wind, hydro, tidal, and others. Construction of solar farms, wind turbines, desalination plants needs specialized hoses equipped to function under heavy duty cycles and harsh environmental conditions over extended life. 3D printing technology is revolutionizing the manufacturing sector with polymers, metals and composites being used as raw materials. This calls for specialized conductive and non-conductive hoses capable of precisely metering and dispensing varied materials. Even industries like oil extraction are adopting techniques like hydraulic fracturing that involve pumping of toxic chemicals into wells under high pressure. Such processes necessitate hoses made from premium materials offering high chemical resistance along with ability to withstand wide range of temperatures and pressure levels.
Global industrial hose market faces several challenges. Stricter environmental regulations around the globe require manufacturers to produce hoses made from more sustainable materials. This increases production costs. End users are more cost-conscious due to economic uncertainty, demanding lower prices from suppliers. Hose makers must invest in technology to drive efficiencies while maintaining product quality. Geopolitical tensions also impact sourcing and trade.
Market Opportunities: Expanding user base in developing economies
Expanding user base in developing economies boosts need for reliable hoses that can withstand tough working conditions. Demand arises from sectors like oil and gas, mining, construction and infrastructure development. Technology innovations allow hoses to tolerate higher pressures and temperatures. Lightweighting hoses reduces costs of transportation and operations. Growing adoption of automation across industries opens up prospects.
Rubber segment is estimated to contribute 36.3% market share in the industrial hose market in 2024, in terms of material used. Rubber hoses are extremely durable and flexible, and these make them suitable for a wide variety of industrial applications. Rubber hoses can withstand high pressures and temperatures, physical impact, and corrosion from chemicals better than other materials. Their flexibility allows them to be bent, coiled and generally maneuvered with ease. This flexibility is important for industrial processes that require hoses to be frequently moved, re-routed or re-positioned. Rubber hoses protect contents being transferred and provide leak-proof sealing better than other materials. The elastic properties of rubber allow hoses to deform under pressure without breaking seal. Rubber hoses are also lightweight, an important factor for mobile equipment and automation. Their resistance to oil, chemicals and solvents make rubber hoses ideal for transfer of hazardous fluids in industries like oil & gas, chemical and food processing. Rubber hoses can be custom designed in various dimensions and shapes to interface with machinery and pipe connections seamlessly. Years of proven performance and reliability have created deep institutional and industry familiarity with rubber hoses that leads to increased preference and specification by equipment manufacturers and end-users. Hence, increasing crude oil production and investment is boosts usage of rubber hosing. According to the Canadian Association of Petroleum Producers (CAPP), capital investment in Alberta’s oil sands is expected to increase from US$ 6.7 billion in 2020 to US$ 7.3 billion in 2021.
Insights, By Media Type: Versatile Applications Drive Others (Chemical, etc.)Segment Others (Chemical, etc.) segment is estimated to contribute the 37.6% share of the industrial hose market, when segmented by media type. Chemical hoses are used for efficiently and safely transfer of a very wide range of fluids from acids and alkalis to solvents and slurries. Chemical hoses must be non-reactive to transported media and be able to withstand high pressures, temperatures, and chemical exposures without permeating or degrading. These also need flexibility to maneuver around process equipment and into complex piping arrangements.
PVC and silicone hoses dominate the chemical hose market due to their inertness to most chemicals while retaining flexibility. PVC hoses can handle acids and bases of moderate concentration along with alcohols and ketones. Silicone hoses offer the broadest chemical compatibility, withstanding exposure to solvents, acids, and bases and oxidizing agents, and are able to operate at higher temperatures than most other hose materials. Food-grade hoses find limited use in some chemical and pharmaceutical applications involving non-toxic transport. The many complex transfer requirements across the diverse chemical industry uphold strong, ongoing demand for hoses designed specifically for this sector.
Insights, By Industry: Large Infrastructure Drives Oil & Gas Segment Dominance
Oil & Gas segment is estimated to account for the 37.9% share of the industrial hose market, when segmented by industry. This is due to its reliance on an enormous network of offshore and onshore pipelines, rigs, refineries and storage infrastructure that require hoses for various fluid transfer applications. Oil & gas exploration and production and petroleum refining have very challenging hose requirements to handle highly flammable, volatile or corrosive fluids like petroleum, LNG, LPG and petrochemicals. Hoses used must have robust inner tubes and covers resistant to hydrocarbons and ability to withstand high working pressures and temperatures. Specialized hoses like cryogenic hoses are needed to transport LNG at extremely low temperatures. Additionally, the sector necessitates hoses adaptable for subsea, marine and other harsh outdoor environments. It also demands hoses suitable for tough working conditions like extreme weather, vibrations and hazardous areas. The large scale of the global oil & gas network translates to huge ongoing consumption of purpose-engineered hoses.
Regional Insights
The Asia Pacific region is emerging as the fastest growing market for industrial hoses. Rapid industrialization and infrastructure development across China, India, Southeast Asia and other developing nations is driving significant growth. Countries are investing heavily in manufacturing facilities, power projects, transportation networks and more. This is generating substantial opportunities for industrial hose suppliers in the region. For example, China has become a global manufacturing powerhouse, catering to both domestic and overseas demand. Indian companies are also expanding aggressively. The availability of cheap labor and resources is attracting many international players to set up local factories. Meanwhile, ASEAN nations like Vietnam, Indonesia and Thailand offer favorable business conditions to industries. All of these developments are translating into higher demand for hoses from a wide range of end-use sectors. The Asia Pacific market also benefits from the presence of cost-competitive hose manufacturers based in China and other parts.
Market Report Scope
Industrial Hose Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 14.88 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 9.9% | 2031 Value Projection: |
US$ 28.81 Bn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Gates Industrial Corporation plc, Eaton Corporation plc, Parker-Hannifin Corporation, Ryco Hydraulics, Transfer Oil S.p.A., Kuriyama of America, Inc., Continental AG, Kurt Manufacturing, NORRES, Colex International, Sanipure Water Systems, Polyhose, Vardhman Hoses Pvt Ltd, Manuli Hydraulics, Bridgestone Hose Power, Kingdaflex Hydraulic Hose, Dunlop Hiflex, National Rubber Industries, Letone, Perfect Hydraulic India |
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Growth Drivers: |
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Restraints & Challenges: |
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Key Developments
- In 2021, Eaton Corporation PLC introduced the LifeSenseHose Condition Monitoring System, a cutting-edge technology designed to identify potential hose failures, enhancing safety and lowering maintenance expenses
- In 2021, Parker Hannifin Corporation introduced the Polyflex Advance series of industrial hoses, tailored for high-pressure applications with enhanced flexibility and durability. These hoses are versatile, compatible with various fittings, and suitable for industries like oil and gas, mining, and construction
- Continental AG, a Germany-based technology company, manufactured medical hoses crucial for the healthcare sector in Bergamo and Lombardy, Italy, in April 2020. These hoses, produced at the Italian site in Daverio, are designed for transporting air, oxygen, nitrous oxide, helium, and carbon dioxide, supporting respiratory equipment like CPAP systems
- In February 2020, NORRES GmbH acquired the Jarl Elmgren AB, an Sweden-based hose distributor, aligning with NORRES' internationalization strategy and bolstering its market presence in Scandinavia
*Definition: The industrial hose market includes the manufacturing and sales of durable rubber or plastic tubes that are used to transfer liquids, gases and slurries in industrial settings. Industrial hoses are flexible and designed to withstand high pressures and temperatures during transport of fluids in factories, shipyards, construction sites, mining operations and other industrial workplaces. Key types include hydraulic hoses, air hoses, suction hoses, water hoses, and chemical transfer hoses.
Market Segmentation
- Material Insights (Revenue, USD Bn, 2019 - 2031)
-
- Rubber
- PVC
- Silicone
- Teflon
- Others
- Media Type Insights (Revenue, USD Bn, 2019 - 2031)
-
- Water
- Oil
- Hot Water and Steam
- Air and Gas
- Food and Beverage
- Others (Chemical, etc.)
- Industry Insights (Revenue, USD Bn, 2019 - 2031)
-
- Oil & Gas
- Chemical
- Food & Beverage
- Pharmaceuticals
- Agriculture
- Others
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- Israel
- Rest of Middle East & Africa
- North America
- Key Players Insights
- Gates Industrial Corporation plc
- Eaton Corporation plc
- Parker-Hannifin Corporation
- Ryco Hydraulics
- Transfer Oil S.p.A.
- Kuriyama of America, Inc.
- Continental AG
- Kurt Manufacturing
- NORRES
- Colex International
- Sanipure Water Systems
- Polyhose
- Vardhman Hoses Pvt Ltd
- Manuli Hydraulics
- Bridgestone Hose Power
- Kingdaflex Hydraulic Hose
- Dunlop Hiflex
- National Rubber Industries
- Letone
- Perfect Hydraulic India
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Material
- Market Snippet, By Media Type
- Market Snippet, By Industry
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
- Market Dynamics
- Global Industrial Hose Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting Global Industrial Hose Market – COVID-19
- Impact Analysis
- Global Industrial Hose Market, By Material, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Rubber
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- PVC
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Silicone
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Teflon
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Introduction
- Global Industrial Hose Market, By Media Type, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Water
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Oil
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Hot Water and Steam
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Air and Gas
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Food and Beverage
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Others (Chemical, etc.)
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Introduction
- Global Industrial Hose Market, By Industry, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Oil & Gas
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Chemical
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Food & Beverage
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Pharmaceuticals
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Agriculture
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Introduction
- Global Industrial Hose Market, By Region, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By Material, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Media Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Industry, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- U.S.
- Canada
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By Material, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Media Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Industry, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By Material, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Media Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Industry, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Country, 2019 - 2031
- Market Size and Forecast, By Material, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Media Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Industry, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Market Share Analysis, By Region/Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, By Region/Country, 2020 - 2031
- Market Size and Forecast, By Material, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Media Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Industry, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East & Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Gates Industrial Corporation plc
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Eaton Corporation plc
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Parker-Hannifin Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Ryco Hydraulics
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Transfer Oil S.p.A.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Kuriyama of America, Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Continental AG
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Kurt Manufacturing
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- NORRES
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Colex International
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Sanipure Water Systems
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Polyhose
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Vardhman Hoses Pvt Ltd
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Manuli Hydraulics
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Bridgestone Hose Power
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Kingdaflex Hydraulic Hose
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Dunlop Hiflex
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- National Rubber Industries
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Letone
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Perfect Hydraulic India
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Gates Industrial Corporation plc
- Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
- Section
- References
- Research Methodology
- About Us and Sales Contact
* Browse 50 market data tables* and 40 figures* on “Global Industrial Hose Market” – Global forecast to 2031.
Detailed Segmentation
- By Material:
-
- Rubber
- PVC
- Silicone
- Teflon
- Others
- By Media Type:
-
- Water
- Oil
- Hot Water and Steam
- Air and Gas
- Food and Beverage
-
- Others (Chemical, etc.)
- By Industry:
-
- Oil & Gas
- Chemical
- Food & Beverage
- Pharmaceuticals
- Agriculture
- Others
- By Region:
-
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa