According to the recent study the global Hose Market is projected to reach an estimated $40 billion by 2030 from $26 billion in 2023 at a CAGR of 6% 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 global 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.
Download sample by clicking on Hose Market.
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.
This unique research
report 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
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About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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