“The hoses market size was US$ 25.1 billion in 2023 and is likely to grow at a healthy CAGR of 4.8% in the long run to reach US$ 35.2 billion in 2030.”
Market Dynamics
Introduction
A hose is a flexible conduit used to transport fluids, gases, or other materials from one point to another. Depending on the specific application, these hoses are available in different sizes, materials, and lengths. They are widely used across multiple sectors, such as construction, agriculture, transportation, mining, oil & gas, and chemicals, where efficient material conveyance is essential. The overall hose market encompasses a variety of hose types, including low-pressure, medium-pressure, and high-pressure hoses, each designed for particular uses like carrying air, water, chemicals, oil, or abrasive materials. These hoses are crucial in many industries, ensuring the smooth and safe transfer of substances and contributing to the effective operation of machines, vehicles, and systems.
Drivers
The demand for hoses is projected to increase due to various significant factors. This includes the growing need for solid hoses for critical applications in automotive, construction, and chemical industries. Moreover, hose demand is expected to surge due to the expanding oil & gas exploration, infrastructural development, the growing automotive industry, and increased capital expenditure in the mining sector. Additionally, the growth in the agriculture industry, modern agricultural practices, rapid urbanization, and industrialization are anticipated to drive the hoses market further. Advancements in materials and manufacturing technologies have led to the production of more durable and efficient hoses, meeting industries' evolving requirements. The need for better performance, flexibility, and longevity in hoses has also driven research and development efforts, further stimulating market growth.
Recent Market JVs and Acquisitions:
A considerable number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years:
- In 2024, Bridgestone HosePower announced the acquisition of South Carolina-based Cline Hose & Hydraulics to enhance its presence and reaffirm its leadership position as a leading hydraulic and industrial hose provider in the U.S.
- In August 2021, Danfoss, a Denmark company specializing in industrial equipment and solutions, purchased the hydraulics division of the US-based multinational corporation Eaton Corporation Plc to expand its market offerings and make it one of the biggest hydraulics companies in the world.
- In July 2021, NORRES GmbH, a company that develops, manufactures, and distributes flexible hose system solutions, acquired Baggerman Group, a producer and distributor of industrial hoses, couplings, and accessories, to expand its global reach and increase its market share.
- In February 2020, NORRES GmbH acquired Swedish industrial hose distributor Jarl Elmgren AB as part of its internationalization strategy to strengthen the company's market position in Scandinavia.
- In 2019, United Flexible was acquired by Smiths Group PLC and merged with the Flex-Tek Group. The US Hose portion of United Flexible was integrated with Titeflex.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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End-Use Industry-Type Analysis
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Agriculture, Transportation, Construction, Mining, Oil & Gas, Chemical, Industrial/Manufacturing and Others
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The transportation industry is expected to remain the biggest demand generator for hoses in the coming years.
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Material-Type Analysis
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Rubber, Thermoplastic, and Others
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Rubber is anticipated to contribute the largest share of the hoses market, whereas thermoplastic is expected to grow fastest in the coming years.
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Pressure-Type Analysis
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Low-Pressure Hose, Medium-Pressure Hose, High-Pressure Hose, and Extremely High-Pressure Hose
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Low-pressure hose is likely to remain the dominant pressure type in the market, whereas high-pressure hose is expected to be the fastest-growing pressure type during the forecast period.
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Reinforcement-Type Analysis
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Textile Braided, Helix Wire, Wire Braided, Spiral Braided, and Others
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Textile braided reinforcement is likely to remain the market pioneer, while helix wire is expected to register higher growth during the forecast period.
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Region Analysis
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North America, Europe, Asia-Pacific, and Rest of the World
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During the forecast period, Asia-Pacific is projected to be the most significant and fastest-growing hose market.
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By End-Use Industry Type
“The transportation industry is expected to remain the dominant as well as the fastest-growing industry of the market during the forecast period.”
- The hoses market is segmented into agriculture, transportation, construction, mining, oil & gas, chemical, industrial/manufacturing, and others.
- The transportation industry is expected to dominate the market with over 50% of the total sales of hoses within the industry during the forecast period.
- The majority of the transportation hoses are used in the automotive sector, especially in light commercial vehicles.
- The transportation industry's fastest growth in the hoses market is driven by growing automotive and aircraft production coupled with excellent long-term aftermarket opportunities.
By Material Type
“Rubber is expected to remain the most preferred material whereas thermoplastic is gaining popularity among every end-user of the market and expected to register higher growth during the forecast period.”
- The market is segmented into rubber, thermoplastic, and others.
- Rubber offers excellent flexibility, crucial for hoses that need to bend and move in various applications. It also has a high level of durability, enabling it to withstand harsh working environments without cracking or breaking.
- Rubber hoses offer various properties, including resistance to oil or fluids, high resistance to aromatics, temperature resistance, fatigue resistance, and ozone resistance.
- Rubber is resistant to many chemicals, oils, and abrasive materials, making it suitable for transporting various substances, including chemicals, oils, fuels, and other corrosive fluids.
- Rubber is relatively affordable compared to more specialized materials. This cost-effectiveness and durability make it a preferred choice for many industries seeking a balance between performance and cost.
- The primary reason for thermoplastic hose's fastest growth is their recyclability and the development of eco-friendly materials.
By Pressure Type
“Low-pressure hose is likely to maintain their reign whereas high-pressure hose is anticipated to be the fastest-growing pressure type of the market during the forecast period.”
- The hoses market is segmented into low-pressure, medium-pressure, high-pressure, and extremely high-pressure hoses.
- Low-pressure hoses are designed to handle pressures below 300 psi and are cost-effective, lightweight, and easy to handle.
- Many industrial processes and applications rely on the controlled and efficient flow of liquids or gases at lower pressure levels. These processes are widely used in industries such as agriculture, construction, manufacturing, and automotive to perform tasks such as fluid transfer, air conveyance, and pneumatic tool operation, which require lower pressure ratings.
- As global agricultural activities expand and infrastructure projects increase, there is continuous demand for low-pressure hoses for irrigation, drainage, and fluid transfer, ensuring their strong market position.
- High-pressure hoses are essential in industries such as oil and gas, mining, construction, and manufacturing, where they transport fluids under extreme pressure. The growth of these industries, particularly in emerging markets, is driving demand for hoses that can handle tough operating conditions.
- The increasing use of hydraulic systems in construction machinery, heavy equipment, and industrial automation requires high-pressure hoses to transmit hydraulic fluids efficiently. These systems operate under high pressure, and the need for robust, durable hoses has grown in parallel with the expansion of hydraulic applications.
By Reinforcement Type
“Textile braided reinforcement is projected to remain the most preferred reinforcement due to their cost-effectiveness, flexibility, and consistency.”
- The hoses market is segmented into textile braided, helix wire, wire braided, spiral braided, and others.
- Textile braided hoses have layers of high-strength textile fibers, typically polyester or nylon, providing excellent strength while remaining flexible.
- Textile braided reinforcement provides an ideal balance between flexibility and strength, making hoses reinforced with this material well-suited for various applications, including automotive, industrial, and agricultural sectors.
- Textile braided hoses are more affordable than alternatives like wire braiding or spiral reinforcement, making them the preferred choice for various industrial uses and securing their dominance in the market.
- Textile braided hoses are commonly used in low—to medium-pressure environments where heavy-duty reinforcements aren't necessary. Industries prefer them for their ability to handle moderate pressures without sacrificing flexibility or performance.
Regional Analysis
“Asia-Pacific is expected to remain the largest hose market during the forecast period.”
- The region has seen significant industrial growth and urbanization, particularly in China, India, and Southeast Asia. This expansion has increased hose demand across construction, manufacturing, agriculture, and infrastructure development industries.
- Asia-Pacific is home to some of the largest automotive manufacturing hubs in the world. Countries like China, Japan, India, and South Korea have major automotive production facilities, which drive high demand.
- As the region is undergoing industrial expansion and urbanization, the demand for hoses in manufacturing, agriculture, and construction applications remains consistently high, solidifying its position as the leading hose market.
Key Players
The market is fragmented, with over 50 players worldwide. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. The following are the key players in the hoses market. Some of the major players provide a complete range of services, including high—and very high—pressure hoses.
Here is the list of the Top Players (Alphabetically Arranged)
- Alfagomma S.p.A.
- Bridgestone Corporation
- Continental AG
- Danfoss
- Gates Corporation
- Manuli Rubber Industries
- Parker-Hannifin Corp.
- Semperit AG Holdings
- Sumitomo Riko Company Limited
- Yokohama Rubber
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The hoses market is segmented into the following categories.
Hoses Market by End-Use Industry Type
- Agriculture (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Chemical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Industrial/Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Hoses Market, by Material Type
- Rubber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Thermoplastic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Hoses Market, by Pressure Type
- Low-Pressure Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Medium-Pressure Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- High-Pressure Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Extremely High-Pressure Hose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Hoses Market, by Reinforcement Type
- Textile Braided (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Helix Wire (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Wire Braided (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Spiral Braided (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Hoses Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s hoses market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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