Hoses Market

According to a new report published by Introspective Market Research, titled, “Hoses Market by Type, Media, and Material: Global Opportunity Analysis and Industry Forecast, 2024–2032,” 

the global Hoses market size was valued at USD 12.28 Billion in 2023, and is projected to reach USD 28.25 Billion by 2032, registering a CAGR of 9.7% from 2024 to 2032.

The hoses market is a global sector that manufactures, distributes, and sells flexible tubes for various industries, including agriculture, automotive, construction, oil and gas, and food and beverages. The market is growing due to the demand for high-quality, long-lasting hoses. Technological advancements have led to the creation of more robust, flexible, chemically safe, heat-resistant hoses. Key players include construction activities, automobile production, and agricultural production. Sustainable development goals and ecological materials are driving trends in the market.  

According to The Hoses Market is segmented into Type, Media, Material and region. By Type, the market is categorized into Spiral Wire Hydraulic Hose and Wire Braided Hydraulic Hose. By Media, the market is categorized into Hydraulic Hoses, Air and Gas Hoses, Material Handling Hoses, Steam Hoses, Sweeper/ Vacuum Hoses, and Others. By Material, the market is categorized into Rubber Hoses, Plastic/Polymer Hoses, Metal Hoses, Composite Hoses, Silicon Hoses, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

New generation hoses with sensors and connectivity are being used in industries like oil and gas, chemical processing, and manufacturing for fluid regulation. These smart hoses collect data to improve efficiency, safety, and cost-effectiveness, aligning with the digitalization of the economy and the Industrial Internet of Things. The market distribution for smart hoses is expected to increase due to technological advancements and cost reduction.  

The growing environmental consciousness and legislation promoting safer substances have led to a high demand for reusable, bio-degradable, and chemical-free hoses. Companies that innovate and develop green hose solutions can address this market, particularly in industries like agriculture, food and beverage production, and water. Sustainability is becoming a significant factor in obtaining supply. Green products as a supply chain strategy can boost growth and competitive advantage in hose manufacturing by using environmentally friendly raw materials and production techniques, ensuring sustainable standards that meet market legal demands.

Global Hoses Market, Segmentation

The Hoses market is segmented based on Type, Media, Material, and region.

Type:

The Specialty and Custom Hydraulic Hoses segment is expected to grow due to its versatility and ability to cater to various industries. Spiral wire hydraulic hoses are known for their high-pressure capacity, strength, and ability to renew in extreme conditions, making them suitable for construction, mining, and industrial products. Higher investments in infrastructure and construction, coupled with the growing demand for reliable hydraulic hoses, will continue to fuel the market growth.

Media:

Hydraulic hoses are expected to dominate the media type segment in the hoses market, as they are crucial for connecting hydraulic fluid between parts of mechine/non-machine systems. They are used in high pressure fluid conveying, construction equipment, industrial equipment, agricultural implements, and motor vehicles. The primary market for hydraulic hoses is oil and gas, automotive manufacturing, and engineering, which continue to develop infrastructure. Their flexibility, higher pressure ratings, and exceptional features like abrasion and chemical resistance make hydraulic systems essential for fluid conveyance.

Region:

North America is set to become the largest market for hoses due to industrialization and infrastructure improvements. Demand is driven by automotive manufacturing, construction, and European agriculture technologies. Companies in the region invest heavily in research and development, implementing advanced technologies and production processes. Smart technologies like sensors and IoT are also being integrated into hose products. The regulatory environment in North America requires sustainable hose production, making it a strong market for manufacturers and suppliers.

Some of The Leading/Active Market Players Are-

• Parker Hannifin Corporation (USA)
• Eaton Corporation (Ireland)
• Gates Corporation (USA)
• Continental AG (Germany)
• Bridgestone Corporation (Japan)
• Manuli Hydraulics (Italy)
• Hansa-Flex AG (Germany)
• Trelleborg AB (Sweden)
• Semperit AG Holding (Austria)
• RYCO Hydraulics (Australia), Other Active Players

Key Industry Developments

• In February 2024, Gates launched the Clean Master Plus hose platform, designed for high-pressure applications in industrial environments. This next-generation hose is 22% lighter and 50% more flexible than existing hoses, operating at up to 6,000 psi, three times more than the average pressure washer hose. It also improves ergonomics, and safety, reduces worker fatigue, and increases productivity. The Clean Master Plus hose is part of Gates' industrial hose lineup.
• In June 2023, Parker Polymer Hose Division Europe launched the 85CE-PDP crimper power unit, a new addition to its portable crimper power unit range. This unit offers an efficient and flexible method of crimping hose anywhere, independent of power and air supplies. It is suitable for use in agriculture, forestry, construction, and mobile hydraulic applications, and can be used without special power units, other power sources, or air supply. The 85CE-PDP works with any commercially available cordless screwdriver, making it suitable for various applications. The unit is compatible with existing crimping tools from Parker Hannifin.

Key Findings of the Study 

• The global hoses market, valued at USD 12.28 billion in 2023, is projected to reach USD 28.25 billion by 2032, with a CAGR of 9.7% from 2024 to 2032. This growth stems from increasing demand across various industries, including agriculture, automotive, and construction.
• Technological advancements have resulted in the development of more robust, flexible, and heat-resistant hoses. New generation hoses with sensors and connectivity are gaining traction in sectors like oil and gas, chemical processing, and manufacturing, enhancing efficiency and safety.
• The market shows a significant trend toward sustainability, with growing demand for reusable, biodegradable, and chemical-free hoses. Companies focusing on green hose solutions are better positioned to meet market demands, particularly in agriculture, food and beverage production, and water management.
• North America is expected to lead the market due to rapid industrialization and infrastructure developments. The region's focus on advanced technologies, coupled with strict regulatory standards for sustainable production, is driving growth for hose manufacturers and suppliers.