Hose Pipe Market By Type (Hydraulic, Pneumatic, Others), By Material (Rubber, Plastic, Others), By End Use Industry (Construction, Automotive, Oil and Gas, Food and Beverages, Agriculture, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global hose pipe market was valued at $18,708.5 million in 2020, and is projected to reach $32,335.1 million 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.
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 StakeholdersThis 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.
Key Market SegmentsBy TypeHydraulic
Pneumatic
Others
By MaterialRubber
Plastic
Others
By End Use IndustryConstruction
Automotive
Oil and Gas
Food and Beverages
Agriculture
Others
By RegionNorth 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
Please Note: It will take 7-10 business days to complete the report upon order confirmation.