The global hose pipe market was valued at $18.70 billion in 2020, and is projected to reach $32.33 billion by 2032, registering a CAGR of 4.4% from 2023 to 2032. A hose is a flexible hollow tube designed to carry fluids from one location to another. The shape of a hose is usually cylindrical having a circular cross-section. Hose design is based on a combination of application and performance. Common factors considered for hose design are size, pressure rating, weight, length, and chemical compatibility. Mostly used materials include nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers, based on the environment and pressure rating needed. Other hose materials include Teflon, stainless steel, and other metals. Hoses refer to pipes and tubes that are used for supplying chemicals, water, and other fluid substances.
The hose pipe market is driven by increase in demand for robust hoses in critical applications, and growing infrastructure-related developments. Growing demand for automobiles globally and increasing modernization of agriculture processes are expected to provide huge growth opportunities to players in the market. Hoses that are used for carrying different chemicals are very important for the growth of the global hose pipe market. Hoses made of polyurethane material are very popular as they can be designed to be either rigid or flexible and are used for various end-user applications. Hoses used for carrying chemical media should possess high chemical and abrasion resistance, and the capability to withstand extreme pressures and temperatures. Rise in the various end-user industries such as construction, oil & gas, and automotive sectors is expected to boost the hose pipe market However, fluctuating prices of raw materials are anticipated to restrain the growth of the market. Furthermore, growing construction sector and automotive sector is expected to provide the lucrative opportunities for the growth of the market.
Surge in construction of green buildings is considered as an important driver for the hose pipe market. Rise in demand for energy-efficient green buildings is also expected to have a positive impact on the market as these buildings are specifically designed to consume less energy. Rise in demand in agricultural, construction, and industrial sectors drives the hose pipe market growth. Greater demand for food intake has enforced the agriculture industry to improve its crop yield, which enhances demand for hose pipe in the market. In the construction sector, hose is used for transferring water, fuel, air, and constructional materials. For transmission of fluids, hoses are employed in the chemical industry, pulp and paper industry, and material handling industry. For instance, in March 2020, Parker Hannifin’s Hydraulic Pump and Power Systems (HPS) Division launched a new online configuration tool for its Gold Cup Pump and Motor Series with the support for an additional product series planned in the future. The new e-configurator tool streamlines user’s online configuration with a convenient embedded tool view, including model-based dimensioning, and extended product summary at one location. Growth of the market is attributed to rise in demand for hydraulic gears driven by increase in construction activities, rise in demand for material handling equipment, increase in demand for innovative agricultural equipment, and growth in adaptability of various industries in hydraulic equipment.
The hose pipe market is segmented on the basis of type, material, end-user industry, and region. By type, the market is categorized into hydraulic, pneumatic, and others. On the basis of material, it is bifurcated into rubber, plastic, and others. On the basis of end-user industry, the market is categorized into construction, automotive, oil & gas, food & beverages, agriculture, and others.
The major players that operate in the global market have adopted key strategies such as product launch, and product development to strengthen their market outreach and sustain the stiff competition in the market.
The hose pipe market is driven by increase in demand for robust hoses in critical applications, and growing infrastructure-related developments. Growing demand for automobiles globally and increasing modernization of agriculture processes are expected to provide huge growth opportunities to players in the market. Hoses that are used for carrying different chemicals are very important for the growth of the global hose pipe market. Hoses made of polyurethane material are very popular as they can be designed to be either rigid or flexible and are used for various end-user applications. Hoses used for carrying chemical media should possess high chemical and abrasion resistance, and the capability to withstand extreme pressures and temperatures. Rise in the various end-user industries such as construction, oil & gas, and automotive sectors is expected to boost the hose pipe market However, fluctuating prices of raw materials are anticipated to restrain the growth of the market. Furthermore, growing construction sector and automotive sector is expected to provide the lucrative opportunities for the growth of the market.
Surge in construction of green buildings is considered as an important driver for the hose pipe market. Rise in demand for energy-efficient green buildings is also expected to have a positive impact on the market as these buildings are specifically designed to consume less energy. Rise in demand in agricultural, construction, and industrial sectors drives the hose pipe market growth. Greater demand for food intake has enforced the agriculture industry to improve its crop yield, which enhances demand for hose pipe in the market. In the construction sector, hose is used for transferring water, fuel, air, and constructional materials. For transmission of fluids, hoses are employed in the chemical industry, pulp and paper industry, and material handling industry. For instance, in March 2020, Parker Hannifin’s Hydraulic Pump and Power Systems (HPS) Division launched a new online configuration tool for its Gold Cup Pump and Motor Series with the support for an additional product series planned in the future. The new e-configurator tool streamlines user’s online configuration with a convenient embedded tool view, including model-based dimensioning, and extended product summary at one location. Growth of the market is attributed to rise in demand for hydraulic gears driven by increase in construction activities, rise in demand for material handling equipment, increase in demand for innovative agricultural equipment, and growth in adaptability of various industries in hydraulic equipment.
The hose pipe market is segmented on the basis of type, material, end-user industry, and region. By type, the market is categorized into hydraulic, pneumatic, and others. On the basis of material, it is bifurcated into rubber, plastic, and others. On the basis of end-user industry, the market is categorized into construction, automotive, oil & gas, food & beverages, agriculture, and others.
The major players that operate in the global market have adopted key strategies such as product launch, and product development to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
Key companies profiled in the hose pipe market report include Dutron Group, Easton Corporation PLC, Gates Corporation, Manuli Hydraulics, Nichirin Company Limited, Parker Hannifin, Polyhose, Ryco Hydraulics, Sumitomo Riko Company Limited, and SHP Primaflex GmbH.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hose pipe market analysis from 2020 to 2032 to identify the prevailing hose pipe market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hose pipe market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hose pipe market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Hydraulic
- Pneumatic
- Others
By Material
- Rubber
- Plastic
- Others
By End Use Industry
- Construction
- Automotive
- Oil and Gas
- Food and Beverages
- Agriculture
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Sumitomo Riko Company Limited
- Gates Corporation
- Parker Hannifin
- RYCO Hydraulics
- Polyhose
- Dutron Group
- Eaton Corporation plc
- Nichirin Company Limited
- SHP Primaflex GmbH
- Manuli Hydraulics
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HOSE PIPE MARKET, BY TYPE
CHAPTER 5: HOSE PIPE MARKET, BY MATERIAL
CHAPTER 6: HOSE PIPE MARKET, BY END USE INDUSTRY
CHAPTER 7: HOSE PIPE MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the hose pipe market was valued at $18.7 billion in 2020, and is estimated to reach $32.3 billion by 2032, growing at a CAGR of 4.4% from 2023 to 2032.A hose is a flexible hollow tube designed to carry fluids from one location to another. The shape of a hose is usually cylindrical having a circular cross-section. Hose design is based on a combination of application and performance. Common factors considered for hose design are size, pressure rating, weight, length, and chemical compatibility. Mostly used materials include nylon, polyurethane, polyethylene, PVC, or synthetic or natural rubbers, based on the environment and pressure rating needed. Other hose materials include Teflon, stainless steel, and other metals. Hoses refer to pipes and tubes that are used for supplying chemicals, water, and other fluid substances.
The hose pipe market is driven by increase in demand for robust hoses in critical applications, and growing infrastructure-related developments. Growing demand for automobiles globally and increasing modernization of agriculture processes are expected to provide huge growth opportunities to players in the market. Hoses that are used for carrying different chemicals are very important for the growth of the global hose pipe market. Hoses made of polyurethane material are very popular as they can be designed to be either rigid or flexible and are used for various end-user applications. Hoses used for carrying chemical media should possess high chemical and abrasion resistance, and the capability to withstand extreme pressures and temperatures. Rise in the various end-user industries such as construction, oil & gas, and automotive sectors is expected to boost the hose pipe market However, fluctuating prices of raw materials are anticipated to restrain the growth of the market. Furthermore, growing construction sector and automotive sector is expected to provide the lucrative opportunities for the growth of the market.
Surge in construction of green buildings is considered as an important driver for the hose pipe market. Rise in demand for energy-efficient green buildings is also expected to have a positive impact on the market as these buildings are specifically designed to consume less energy. Rise in demand in agricultural, construction, and industrial sectors drives the hose pipe market growth. Greater demand for food intake has enforced the agriculture industry to improve its crop yield, which enhances demand for hose pipe in the market. In the construction sector, hose is used for transferring water, fuel, air, and constructional materials. For transmission of fluids, hoses are employed in the chemical industry, pulp and paper industry, and material handling industry. For instance, in March 2020, Parker Hannifin’s Hydraulic Pump and Power Systems (HPS) Division launched a new online configuration tool for its Gold Cup Pump and Motor Series with the support for an additional product series planned in the future. The new e-configurator tool streamlines user’s online configuration with a convenient embedded tool view, including model-based dimensioning, and extended product summary at one location. Growth of the market is attributed to rise in demand for hydraulic gears driven by increase in construction activities, rise in demand for material handling equipment, increase in demand for innovative agricultural equipment, and growth in adaptability of various industries in hydraulic equipment.
Various manufacturers in the hose pipe market such as Dutron Group, Easton Corporation PLC, Gates Corporation, Manuli Hydraulics and Polyhose offer a wide variety of hose pipes for various applications. For instance, in December 2022, Gates launched the ProV hose family in Europe, which is an addition to the Pro Series product portfolio that leverages technologies developed and first launched in the MXT and MXG product lines
The hose pipe market is segmented on the basis of type, material, end-user industry, and region. By type, the market is categorized into hydraulic, pneumatic, and others. On the basis of material, it is bifurcated into rubber, plastic, and others. On the basis of end-user industry, the market is categorized into construction, automotive, oil & gas, food & beverages, agriculture, and others.
Key companies profiled in the hose pipe market report include Dutron Group, Easton Corporation PLC, Gates Corporation, Manuli Hydraulics, Nichirin Company Limited, Parker Hannifin, Polyhose, Ryco Hydraulics, Sumitomo Riko Company Limited, and SHP Primaflex GmbH. The major players that operate in the global market have adopted key strategies such as product launch, and product development to strengthen their market outreach and sustain the stiff competition in the market.
Key Market Insights
- By type, the hydraulic segment is expected to experience rapid growth in the market and is projected to grow at a CAGR of 4.6% from 2023 to 2032.
- By material, the plastic segment is projected to grow at a CAGR of 5.7% during the forecast period.
- By end user industry, the automotive segment is projected to grow at a CAGR of 4.9% during the forecast period.
- Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 4.6% during the forecast period.
Companies Mentioned
- Sumitomo Riko Company Limited
- Gates Corporation
- Parker Hannifin
- RYCO Hydraulics
- Polyhose
- Dutron Group
- Eaton Corporation plc
- Nichirin Company Limited
- SHP Primaflex GmbH
- Manuli Hydraulics
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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