How Big Is the Industrial Hose Market?
According to 6Wresearch internal database and industry insights, the
Global industrial hose market was valued at USD 14.7 billion in 2024 and is expected to exceed USD 22.3 billion by 2031, growing at a CAGR of 5.67%.
The increased interest in new technologies and systems is propelling market expansion increased industrialization, a growing number of fluid transfer operations in manufacturing, mining, and oil & gas sectors increasing demand durable, high performance hoses; moreover, need materials that withstand high pressure, abrasion, and extreme environment conditions contribute to new synthetic rubber, PVC, and thermoplastics.
Growth Factors of the Industrial Hose Market
- Continued industrialization and infrastructure growth in developing countries
- Increasing demand was due to fluid handling and material transfer activities across industries
- Advancements in hose materials will improve strength, flexibility, etc.
- Expanded focus on worker safety and compliance in potentially hazardous environments
- Expansion of agriculture and chemical industries needing corrosion resistant hoses
Industrial Hose Market Trends
The industrial hose market is moving towards multi-layer, customized hose solutions for complicated applications. As industries look to improve efficiency and reduce downtime, demand has shifted to lighter-weight hoses rated for higher pressure applications. In addition, there is increasing adoption of smart hoses with built-in sensors that monitor temperature, pressure, and wear for use in process industries.
Emerging Developments in the Industrial Hose Market
Some new developments in the Industrial Hose Market include nanomaterials applied to hose products for improved durability, and a new modular hose system developed that can be quickly and easily connected/disconnected. Also, manufacturers are improving sustainability by developing environmentally friendly production processes and recyclable hose components to meet regulatory requirements.
Leading Companies in the Industrial Hose Market
- Parker Hannifin Corporation
- Gates Corporation
- Eaton Corporation
- Continental AG
- Bridgestone Corporation
- Kuriyama Holdings Corporation
How Big Is the Industrial Hose Market : FAQ's
The industrial hose market is anticipated to exceed USD 22.3 billion by 2031, attributed to increased demand driven by industrial advancement, infrastructure upgrading, and needs for fluid transfer.
Major players include Parker Hannifin, Gates Corporation, Eaton, Continental AG, and Kuriyama of America, known for durable hose solutions and global supply capabilities.
Stringent operational standards and the need for safe, efficient fluid handling in extreme conditions are pushing industries toward advanced hose systems.
Innovations in materials, real-time monitoring, and hose lifecycle tracking are enabling companies to deliver safer and longer-lasting solutions.
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