According to the recent study the Hose Pipe Market is projected to reach an estimated $40 billion by 2030 from $26 billion in 2023, at a CAGR of 6.1% from 2023 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 pipe market by end use industries (construction, automotive,
oli & 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, Asia Pacific, and the Rest of the World).
“Construction market is expected to remain the largest segment
during the forecast period.”
Based on end use
industries, the hose pipe market is segmented into construction, automotive,
oli & gas food & beverages, agriculture, others. Lucintel forecasts
that the construction market is expected to remain the largest segment due to
increasing demand for hose pipe in plumbing sector and other architectural
sector in the real estate industry.
“Within the hose pipe market, the rubber segment is expected to
remain the largest material type.”
Based on material type
the rubber segment is expected to witness the highest growth over the forecast
period due to the growth of end use industries such as construction,
automotive, food & beverages, and oil & gas in APAC and North America.
“Asia pacific will dominate the hose pipe market in near future.”
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.
Major players of hose
pipe market are adopting various growth strategies like new product launches,
expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Sumitomo Riko Company
Limited, Eaton Corporation, Gates Corporation, Parker Hannifin, Nichirin are
among the major hose pipe providers.
This exclusive report
from Lucintel will enable you to make
confident business decisions in this globally competitive marketplace. For a
detailed table of contents, contact Lucintel at +1-972-636-5056 or click on
this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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