The global industrial hose market size is expected to grow by USD 2,592.01 million from 2022 to 2027. The market is expected to grow at a CAGR of 4.43% during the forecast period. Growing demand for PVC is significantly driving the market demand. However, factors such as competition from local suppliers may hamper the growth of the market growth during the forecast period.

Industrial Hose Market - Segment Assessment

segment overview

The market is segmented on the basis of Application (Oil & Gas, Chemicals, Food & Beverage, Automotive, etc.), Material (Polyurethane, Polyvinyl Chloride, Silicone, Rubber, etc.), and Geography (APAC, North America, Europe, Middle East, and Africa and South America). the

• The oil and gas segment will witness significant market share growth during the forecast period. Growing oil and gas extraction activities in the U.S. and Middle East will drive the usage of industrial hoses over the forecast period.

• Industrial hoses are used to transfer petroleum and other petroleum products on land and sea.

• Therefore, increasing oil and gas extraction activities in the Middle East and the United States will drive the usage of industrial hoses during the forecast period.

Geographic overview

By geography, the global industrial hose market is segmented into Asia Pacific, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global Industrial Hose market.

• The Asia Pacific region is estimated to contribute 53% of the market growth during the forecast period. Growth in the automotive, construction, agriculture, food & beverage, and chemical industries in the region is driving the market growth.

• High demand for industrial hoses in countries such as China, Vietnam, Japan, and India will significantly boost regional market growth over the forecast period.

• Factors such as growing urban population, increasing disposable income, and growing pharmaceutical industry are expected to be major contributors to the market growth.

Industrial Hose Market - Market Dynamics

Key Factors Driving Market Growth

• Increasing demand for PVC is the key driver for the growth of the industrial hose market during the forecast period.

• It is primarily used in end-user industries such as automotive, pharmaceuticals, infrastructure, oil & gas, food & beverage, mining, and water.

• PVC is known to be cost-effective, durable, flexible and has high tensile strength.

• Demand in the industrial hose market is expected to grow owing to the wide application of PVC.

Key Trends Affecting the Market

• Increasing demand for hydraulic rubber hoses in the agricultural sector is the dominant trend in the global market.

• It is well known that these hoses for machinery can significantly improve the agricultural production process.

• In agriculture, industrial hoses are used in pneumatic grain conveying systems and irrigation.

• The rapid growth of food consumption has promoted the development of the global agricultural industry. This has forced farmers to increase crop yields by using new methods including hydraulic rubber hoses.

Key challenges hindering the growth of the market

• Fluctuating prices of raw materials are likely to hamper the growth of the segment over the forecast period.

• Due to the systemic supply and demand imbalance in the global rubber market, prices may fluctuate significantly.

• These price fluctuations can affect production costs and reduce profit margins for suppliers.

• Steel is another raw material used to produce industrial hoses. Due to fluctuations in raw material prices and steel.

The current market structure for industrial hoses remains fragmented. This means that if you have a market positioning and competitive strategy ahead of suppliers, it is still possible to lead the brand to break through the encirclement.

And the most important thing about a brand is the quality of the product.

Choosing Newtop as your supplier saves you most of your effort and time.

Newtop has a first-class designer team, a standard-compliant clean room, sophisticated silicone manufacturing machines and fully trained workers. We can provide you with the best customized silicone industrial hoses, help you avoid risks in the industry, and are happy to be your stepping stone to success.