Hose Pipe Market Research, 2032
The Global Hose Pipe Market size was valued at $18.7 billion in 2020, and is projected to reach $32.3 billion by 2032, growing at a CAGR of 4.4% from 2023 to 2032.
A hose is a long, flexible pipe made of rubber or plastic. It is a flexible hollow tube designed to carry fluids from one location to another. Hoses are also sometimes called pipes. It is used in various end-user industries such as construction, automotive, agriculture, food & beverage, oil & gas, and others.
Market Dynamics
An increase in construction activities drives the growth of the hose pipe market. Investments in infrastructure development is on the rise across the globe, especially in developed economies such as the U.S. The government is investing heavily in development of sports infrastructure and facilities. The growth of global construction activities increases the demand for hydraulic-based construction equipment such as excavators, hydraulic cranes, and loaders, thus boosting the hose pipe market growth. The rise in technological developments in core construction and infrastructure industries is expected to increase the demand for hose pipes. In addition, rise in demand in agricultural, construction, and industrial sectors drives the hose pipe market growth.
Greater demand for food intake has enforced the agriculture industry to improve its crop yield, which enhances the demand for hose pipe in the market. In the construction sector, hose pipe is used for transferring water, fuel, air, and construction materials. Growth of the market is attributed to rise in demand for hydraulic gears driven by increase in construction activities, rise in demand for material handling equipment, increase in demand for innovative agricultural equipment, and growth in the adaptability of various industries in hydraulic equipment.
Although the construction sector is facing a slowdown, which affects hose pipe sales, the hose pipe market is expected to recover during the forecast period. One of the reasons for the growth is anticipated to be the rise in focus on public-private partnerships (PPP). These partnerships are characterized as joint ventures between government and private sector companies for the construction of public infrastructure systems. In this type of partnership, a private company handles a project and lends technical & operational expertise to government projects.
The growth in public-private partnerships in different countries such as India, Africa, and China is expected to fuel the growth of the hose pipe market. Further, rise in urbanization globally has increased the demand to build infrastructure such as residential and commercial, which is creating the demand for hose pipes in various equipment of construction. By 2040, the global population is estimated to grow approximately by two billion with the urban population growing by over 40%. However, fluctuating prices of raw materials are anticipated to restrain the hose pipe market growth.
Segmental Overview
The hose pipe market is segmented into Type, Material, and End Use Industry, and region. By type, the market is categorized into hydraulic, pneumatic, and others. On the basis of materials, it is bifurcated into rubber, plastic, and others. On the basis of end-user industry, the market is categorized into construction, automotive, oil & gas, food & beverages, agriculture, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Type:
The Hose Pipe Market is divided into hydraulic, pneumatic, and others. In 2020, the pneumatic segment dominated the hose pipe market, in terms of revenue, and the hydraulic segment is expected to grow at the highest CAGR during the forecast period. Hoses are responsible for transmitting fluid or fluid power within a hydraulic system under high-pressure conditions and proper fittings to the hydraulic system are needed. A hydraulic hose is a substitute for rigid pipes that are used to move fluid between hydraulic components such as actuators, valves, and equipment. It is reinforced with several layers of construction and the cover is a major part of the hydraulic hose. The inner tube will be closer to the fluid and the reinforcement and cover will act as a shield that protects the tube. It is used in various industries such as mining, construction, manufacturing, agriculture, automotive, and others. In the mining industry, there are various range of machines that use hydraulics such as drill rigs, trucks, continuous miners, and dozers. In addition, earthmoving equipment relies on hydraulic hoses to power their arms and lift the load. It is also used to assist machinery in lifting heavy construction materials. Moreover, hydraulic hose also finds application in food production, automobile manufacturing, and others. In the automotive industry, hydraulics is used for a range of assemblies. It includes pumps, breaks, and motors. In addition, it is commonly used on crop harvesting machinery. Hydraulic hoses used in farming face extreme weather conditions, daily UV exposures, and contamination from surrounding crops. Moreover, the hydraulic hose is likely to benefit from the growth of the agriculture industry, which is replacing conventional with mechanized agriculture processes. Hydraulic hose is also used in the construction sector. All such factors are anticipated to fuel the growth of the market during the forecast period.
By Material:
The hose pipe market is classified into rubber, plastic, and others. The plastic segment is expected to grow rapidly during the forecast period. Plastic is often used as a material for hose pipes due to its flexibility, light weight, and ability to be molded into different shapes and sizes. In addition, different resins are selected based on specific piping requirements, including factors such as chemical compatibility, temperature resistance, flexibility, and durability. The growth of plastic long pipe or hoses is driven by the application of hoses by various industries such as automotive, construction, agriculture, food and beverage, and others. The major advantages of plastics, such as lightweight, corrosion resistance, and flexibility, position plastic pipes as indispensable components in modern industrial processes.
Industries including manufacturing, agriculture, construction, and more are adopting flexible plastic hoses due to their ability to withstand harsh environmental conditions, making them ideal for outdoor applications such as irrigation and liquid transportation. Continuous technological advancements in resin formulation further increase the potential of plastic hose pipes by improving properties such as temperature resistance, chemical compatibility, and overall durability. In addition, the growing focus on sustainability and environmental awareness has increased the development of eco-friendly plastic compounds, in line with the push for greener solutions. In addition, the steady expansion of the agricultural sector, driven by the need to improve efficiency and productivity, creates opportunities for plastic hose pipes in irrigation and crop management systems. All such factors are anticipated to boost the demand for the hose pipe market.
By End-User Industry:
The hose pipe market is categorized into construction, automotive, oil & gas, agriculture, food & beverage, and others. Hose pipes are essential tools within the construction sector, enabling the efficient execution of projects by facilitating the effective management of various materials and fluids. They serve a wide array of purposes in construction, encompassing concrete pumping, dewatering, material conveyance, and dust control. For instance, concrete pumping hoses facilitate the seamless transportation of concrete across construction sites, enhancing productivity and workflow. Dewatering hoses contribute to the removal of excess water from excavation areas, ensuring a secure and stable working environment. In addition, the imperative for adhering to environmental standards has driven the adoption of hose pipes for dust suppression through water spraying, mitigating airborne particles.
The rise in the expansion of construction activities, and the demand for resilient, reliable, and adaptable hose pipes capable of withstanding the challenging conditions of construction sites are expected to boost the segment growth. In addition, with the rise in urbanization and infrastructure development projects surge, the demand for efficient material and fluid transport escalates, thereby fueling the requirement for high-quality hose pipes. In addition, technological advancements in hose materials and design have led to the development of hoses capable of withstanding high pressure, abrasion, and extreme weather conditions, meeting the unique challenges posed by the built environment. Moreover, the construction industry adopts modern construction techniques and automation. Soft tubes are evolving to include features such as intelligent monitoring systems, contributing to improved efficiency and data collection in real time. Hoses play an important role in supporting the growth of the construction industry by providing flexible solutions that streamline operations and improve safety across a wide range of construction operations.
By Region:
The Hose Pipe Market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2020, Asia-Pacific had the highest hose pipe market share and is anticipated to secure the leading position during the forecast period, due to extensive demand in the construction & automotive sector. The major players are striving to develop manufacturing units in these markets to improve production quantities as well as serve the Asian industries including construction, oil & gas, mining, and others.
Furthermore, according to the report published by the Overseas Development Institute (ODI) based in London, the Asian regional economy grew by 6% in 2017 and is projected to grow significantly until 2025. This influences the overall growth of construction and manufacturing facilities in these regions. Thus, the improvement in overall production facilities is likely to create opportunities for the growth of the hose pipe market in this region. The industrial sector, mainly including food and beverages, chemical and petrochemicals, and pharmaceuticals is strong in Asia-Pacific. For instance, according to a 2019 report from CEFIC Chemdata International, China was the largest seller of chemicals in 2018, as its sales were $1,370 billion, which is far above the second-largest seller; North America, which sold chemicals worth $606 billion in 2018. The hose pipe market in the region witnesses high demand, owing to large chemical industries and other large industries that make extensive use of hose pipes. Pipes in these industries are used to supply various process fluids including water, gas, chemicals, flavored beverages, steam, and others.
Moreover, agriculture is a major sector in the region, especially in India and China. Therefore, these countries along with others in the region drive the demand for rubber and plastic hose pipes for irrigation purposes. In addition, the population is rising at an unprecedented rate in the region, which drives the demand for new residential and commercial buildings. For instance, according to the Shanghai branch of the American Institute of Architects (AIA), the urbanization rate in China is among the highest in the world, and the country is expected to construct buildings and other infrastructure on an area equivalent to 10 New York cities. Similarly, India and other countries, such as Vietnam, Indonesia, Malaysia, and others are also booming in terms of industrialization and construction, which is expected to have a positive impact on the hose pipe market growth. Furthermore, the increasing population and rising household income in the region are expected to further drive the growth of the automotive sector and construction of commercial buildings; thereby providing lucrative growth for the hose pipe market opportunity.
Competition Analysis
Competitive analysis and profiles of the major players in the reports include Dutron Group, Easton Corporation PLC, Gates Corporation, Manuli Hydraulics, Nichirin Company Limited, Parker Hannifin, Polyhose, Ryco Hydraulics, Sumitomo Riko Company Limited, and SHP Primaflex GmbH. There are some important players in the market such as Polyhose, Gates Corporation, and others. Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of the hose pipe market outlook.
Some examples of product launches in the market
In December 2022, Gates launched the ProV hose family in Europe, which is an addition to the Pro Series product portfolio that leverages technologies developed and first launched in the MXT and MXG product lines.
In June 2022, Gates introduced a new premium product family consisting of hydraulic hoses that are lighter in weight and more flexible. Made with a high-performance reinforcement and robust, abrasion-resistant cover, the MXT line of hydraulic hose is comprised of universally applicable, high-performance products that meet the needs of a wide range of applications. Subsequently, it also launched the MXG line of hydraulic hoses, a flexible, lightweight solution with increased durability and temperature performance, designed to replace conventional spiral hoses typically used in the most demanding applications.
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging hose pipe market trends and dynamics.
In-depth hose pipe market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2032.
Extensive analysis of the hose pipe market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The hose pipe market forecast analysis from 2023 to 2032 is included in the report.
The key market players within the hose pipe market overview are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the hose pipe industry.
Hose Pipe Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 32.3 billion |
 Growth Rate | CAGR of 4.4% |
 Forecast period | 2020 - 2032 |
 Report Pages | 245 |
 By Type |
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 By Material |
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 By End Use Industry |
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 By Region |
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 Key Market Players | RYCO Hydraulics, Nichirin Company Limited, Polyhose, Gates Corporation, Manuli Hydraulics, Eaton Corporation plc, SHP Primaflex GmbH, Sumitomo Riko Company Limited, Dutron Group, Parker Hannifin |
Analyst Review
The hose pipe market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific registered the highest share of the global hose pipe market share in 2022, owing to strong economic growth, rapid urbanization, and the presence of a large population base. Furthermore, the majority of the countries in the region are spending on the construction sector for the growth of their economies. The pneumatic segment generated the highest revenue in 2020, due to an increase in demand for hose in various residential and commercial construction and industrial applications.
Various market players have adopted strategies such as business expansion and acquisition to expand their business and strengthen their market position. For instance, in June 2022, Gates introduced a new premium product family consisting of hydraulic hoses that are lighter-weight and more flexible. Made with a high-performance reinforcement and robust, abrasion-resistant cover, the MXT line of hydraulic hose is comprised of universally applicable, high-performance products that meet the needs of a wide range of applications. Subsequently, it also launched the MXG line of hydraulic hoses, a flexible, lightweight solution with increased durability and temperature performance, designed to replace conventional spiral hoses typically used in the most demanding applications. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global hose pipe market.
The global hose pipe market was valued at $18,708.5 million in 2020, and is projected to reach $32,335.1 million by 2032, registering a CAGR of 4.4% from 2023 to 2032.
The base year considered in the global Hose Pipe market report is 2022.
Hydraulic hose is the leading type of Hose Pipe Market.
Asia-Pacific is the largest regional market for Hose Pipe.
An increase in construction activities are the upcoming trends of Hose Pipe Market in the world.
Dutron Group, Easton Corporation PLC, Gates Corporation, Manuli Hydraulics, Nichirin Company Limited, Parker Hannifin, Polyhose, Ryco Hydraulics, Sumitomo Riko Company Limited, and SHP Primaflex GmbH are the top companies to hold the market share in Hose Pipe.
The top 10 market players are selected based on two key attributes- competitive strength and market positioning.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
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