According to the recent study the Hose Market is projected to reach an estimated $40 billion by 2030 from $26.3 billion in 2023, at a CAGR of 6% from 2024 to 2030. Growth in this market is primarily driven by increasing demand for construction machineries across the world, rapid urbanization, and growth in the building and construction sector.
Browse 107 figures / charts and 68 tables in this 205 -page report to understand trends, opportunities and forecast in hose market by end use industries (construction, automotive, oil & gas food & beverages, agriculture, others), media type (hydraulic, pneumatic, chemical, and others), material type (rubber, plastic, and others), diameter type (large diameter and small diameter), working pressure type (low pressure, medium pressure, and high pressure), and region (North America, Europe, APAC and the Rest of the World).
Lucintel forecasts that construction will remain the largest segment by end use industries over the forecast period and it is also expected to witness highest growth due to increasing demand for hose in plumbing sector and other architectural sector in the real estate industry.
Rubber hoses will remain the largest segment by material type and the plastic hose segment is expected to witness the highest growth due to the growth of end use industries such as construction, automotive, food & beverages, and oil & gas in APAC and North America.
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Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to the growth of different end use industries such as construction, automotive, oil and gas, food and beverages, agriculture, and others.
Sumitomo Riko Company Limited, Eaton Corporation, Gates Corporation, Parker Hannifin, Nichirin are the major suppliers in the hose market.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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