The global hoses market is projected to witness a growth rate of 4.8% annually from 2024 to 2030, with an anticipated size of US$ 35.2 billion by 2030, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global hoses market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/3879/hoses-market.html#form
Report Highlights
|
Market Size in 2030 (billion US$) |
35.2 |
|
Growth (CAGR) |
4.8% during 2024-2030 |
|
Forecast Period |
2024-2030 |
|
Trend Period |
2018-2022 |
|
Base Year |
2023 |
|
Number of Segments Covered |
5 |
|
Number of Tables & Graphs |
100+ |
|
Country-Level Market Assessment |
20 |
Segment Insights on the Hoses Market:
The global hoses market is segmented based on end-use industry type, material type, pressure type, reinforcement type, and region.
Based on end-use industry type - 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.
Based on material type - The market is segmented into rubber, thermoplastic, and others. 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. 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.
Based on pressure type - The hoses market is segmented into low-pressure, medium-pressure, high-pressure, and extremely high-pressure hoses. 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. 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.
Based on reinforcement type - The hoses market is segmented into textile braided, helix wire, wire braided, spiral braided, and others. Textile braided reinforcement is projected to remain the most preferred reinforcement due to their cost-effectiveness, flexibility, and consistency. 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.
To know the most attractive segments, click here for a free sample of the report:
https://stratviewresearch.com/Request-Sample/3879/hoses-market.html#form
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest hose market during the forecast period. This growth outlook is majorly attributed to the following–
Hoses Market Drivers:
Some of the key drivers listed in the report are given below.
Top Companies in the Hoses Market:
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. Stratview Research has identified the following companies as the top market players:
What Deliverables Will You Get in this Report?
|
Key questions this report answers |
Relevant contents in the report |
|
How big is the sales opportunity? |
In-depth analysis of the Hoses Market |
|
How lucrative is the future? |
Market forecast and trend data and emerging trends |
|
Which regions offer the best sales opportunities? |
Global, regional, and country-level historical data and forecasts |
|
Which are the most attractive market segments? |
Market segment analysis and forecast |
|
Who are the top players and their market positioning? |
Competitive landscape analysis, Market share analysis |
|
How complex is the business environment? |
Porter’s five forces analysis, PEST analysis, Life cycle analysis |
|
What are the factors affecting the market? |
Drivers & challenges |
|
Will I get the information on my specific requirements? |
10% free customization |
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
About us –
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
Are you looking for any specific data customized to your objectives? We are just a mail away.
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
WE ACCEPT
