Industrial Hose Market is expected to reach US$ 27,399.42 Million by 2031

Increasing Investments in the Manufacturing Sector Boosts Industrial Hose Market Growth

According to our latest market study on "Industrial Hose Market Size and Forecast (2025–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Material Type and Industry Vertical," the market was valued at US$ 14,659.29 million in 2024 and is anticipated to reach US$ 27,399.42 million by 2031; it is estimated to register a CAGR of 9.6% during 2025–2031. The report includes growth prospects in light of current Industrial Hose Market trends and driving factors influencing market growth.

Major stakeholders in the industrial hose ecosystem comprise raw material providers, manufacturers and distributors, end users, and regulatory bodies. The evolving technology landscape and market demands have propelled businesses to enhance their efficiency. The environmental concerns, government focus on net-zero, and manufacturers' focus on developing high-performance, cost-effective, and sustainable solutions drive the market growth. Industrial hoses are used for transferring water, chemicals, and oils in manufacturing industries. Lubrication, cooling, and mixing operations in manufacturing facilities require precise fluid handling. On the other hand, the movement of air or gases needs specialized hoses designed for handling high pressures and temperatures. These abilities render high-pressure or high-temperature hoses suitable for applications in pneumatic systems and hydraulic systems in the manufacturing sector. In automated manufacturing lines, they facilitate the movement of conveyor systems and robotic arms. The governments are implementing favorable policies to bolster the investments in the manufacturing sector. In June 2024, the Government of Romania launched a US$ 468.70 million scheme to encourage investments in manufacturing, pharmaceuticals, and waste management for economic diversification and resilience.  In 2024, South Korea's investment in the industrial manufacturing sectors reached US$ 82 billion. South Korean companies have raised their capital investment in the semiconductor and automobile sectors. In the first half of 2023, the Thailand Board of Investment (BOI) reported an investment of US$ 10.3 billion, increasing by 70% compared to 2022. The Thailand government is expanding its manufacturing capabilities in food processing, electronics, and automotive sectors, especially in electric vehicles (EV). From January to June 2023, 464 projects were planned in Thailand, representing a combined value of US$ 8.36 billion. Thus, surging investments in the manufacturing sector propels the industrial hose market growth.

Industrial Hose Market Analysis – by Geography, 2024

Source: The Insight Partners Analysis

The scope of the Industrial Hose Market report focuses on North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Russia, and Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East and Africa (South Africa, Saudi Arabia, UAE, and the Rest of Middle East), and South and Central America (Brazil, Argentina, and the Rest of South and Central America). Asia Pacific is expected to register the highest CAGR in the Industrial Hose Market from 2025 to 2031. The industrial hose market in Asia Pacific is segmented into China, South Korea, Malaysia, Taiwan, Thailand, Vietnam, and the Rest of Asia Pacific. These countries are focusing on the development of their industrial sectors, with actions taken to raise investments for the same. The vigorous growth of the industrial sector in Asia Pacific signifies a heightened demand for industrial hoses in the chemical, oil, gas, and automotive industries. China, India, Japan, and South Korea are major automotive manufacturing economies across the Asia Pacific. The automotive sector in South Korea is the seventh-largest market in terms of vehicle sales globally. In September 2024, Kia Corporation opened an electric vehicle manufacturing plant at the Gwangmyeong EVO Plant to expand its manufacturing capabilities. Light commercial vehicle production in the region expanded to 51.8 million units in 2023, recording an annual increase of 10%. The flourishing automotive sector fuels the industrial hose market growth in the region.

China is a hub for chemicals, oil and gas, automotive, food and beverages, and other industries. In October 2024, investments by the government of China for industrial development projects reached US$ 28 billion. Industrial hoses play a vital role in infrastructure development by facilitating the efficient transfer of fluids, gases, and materials across construction and engineering applications. These hoses are essential for transporting concrete, grout, water, fuel, and compressed air to construction equipment and tools, ensuring that operations run smoothly and safely. As China and India invest in construction, urbanization, and industrialization, the need for efficient fluid transfer and material handling solutions becomes increasingly critical. In Asia Pacific, 155 projects out of 425 airport and airport infrastructure development projects are under development with an investment of US$ 209 billion. In March 2025, the 48,000-ton single-tower cable-stayed bridge—an important part of Xi'an's Xingfu Road North Extension Project built by the China State Construction Engineering Corporation (CSCEC)—was rotated 69.45 degrees counterclockwise to its targeted position in 120 minutes. APAC is expected to remain the fastest-growing market for industrial hoses, driven by the ongoing urban expansion and the need for reliable fluid transfer solutions. India, Indonesia, and Vietnam contribute to the rising demand for industrial hose in Asia Pacific. The increasing middle-class population is driving the expansion of the industrial sector in the region. According to Vietnam's Ministry of Planning and Investment (MPI), foreign direct investments (FDIs) into the manufacturing sector in the country were valued at more than US$ 23.5 billion in 2023, accounting for ~64.2% of the total FDI capital.

The industrial hose market in North America is segmented into the US, Canada, and Mexico. The region is experiencing a rising demand for infrastructure development, an increasing need for renovation and repair work, and rapid urbanization. The construction sector is growing significantly in North America. As per the Association of Equipment Manufacturers (AEM), the US construction market increased by 3% in 2024. There is a surging investment in the development and expansion of energy & power, and oil & gas infrastructure in the region. The US Energy Information Administration (EIA) estimates that Brent crude oil prices will average US$ 74 per barrel in 2025, supported by stable demand and controlled supply. The International Energy Agency (IEA) anticipates that oil demand will exceed 103 million barrels per day (bpd) in 2025, indicating a robust market for energy-related technologies. As the US solidifies its position as the world's top oil producer, surpassing Saudi Arabia and Russia, the demand for efficient and reliable industrial hoses is expected to rise in the coming years.

Eaton Corporation; Novaflex Inc.; Parker Hannifin Corp; Kuriyama of America Inc.; Gates Corporation; Norres; ALFA GOMMA Spa; Sinopulse; Fu Sheng Rubber & Plastic Ind. Co., Ltd.; and Semperit AG are key players profiled in the Industrial Hose Market report. Other major players were also studied and analyzed in the report to get a holistic view of the market and its ecosystem. The Industrial Hose Market forecast can help stakeholders plan their growth strategies. The market analysis provides detailed market insights, which help the key players strategize their growth.

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