The Europe Hose Pipe Market would witness market growth of 4.2% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 952.2 million Meter, showcasing a growth of 4.6% (2019-2022).
Hydraulic hose is utilized in the food and automobile industries, among others. In the automotive industry, a variety of assemblies use hydraulics. This consists of pumps, brakes, and actuators. In addition, it is frequently utilized on harvesting equipment. In agriculture, hydraulic hoses are subjected to extreme weather conditions, daily UV exposure, and crop contamination. In addition, the hydraulic hose demand will likely benefit from expanding the agriculture industry, replacing traditional agricultural methods with mechanized ones.
Additionally, hydraulic hose is also used in the construction industry. These aspects are expected to propel market expansion during the forecast period. Continual technological advances in resin formulation increase the potential of plastic hose pipelines by enhancing their resistance to temperature, chemical compatibility, and overall durability. In addition, the increasing emphasis on sustainability and environmental consciousness has spurred the development of eco-friendly plastic compounds in response to the demand for sustainable solutions.
The expansion of the agri-food industry in the UK, driven by factors like changing consumer preferences, increasing demand for locally sourced and organic products, and the adoption of technology in agriculture, has led to a growing need for hose pipes created to meet the specific requirements of this sector. Manufacturers in the UK and Europe produce a wide range of hose pipe products, including food-grade hoses and hoses suitable for agricultural and food processing applications, contributing to the growth and sustainability of the agri-food industry. The above-mentioned elements will significantly impact the market growth.
The Germany market dominated the Europe Hose Pipe Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,409.2 million by 2030. The UK market is registering a CAGR of 3.2% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 5% during (2023 - 2030).
Based on Type, the market is segmented into Pneumatic, Hydraulic and Others. Based on End Use, the market is segmented into Construction, Food & Beverages, Oil & Gas, Agriculture, Automotive and Others. Based on Material, the market is segmented into Rubber, Plastic and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Hose Pipe Market will Hit $31.6 Billion by 2030, at a CAGR of 4.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Parker Hannifin Corporation, Eaton Corporation PLC, Gates Industrial Corporation plc (Blackstone Inc.), Manuli Hydraulics UK Ltd, SHP Primaflex GmbH, Sumitomo Riko Company Limited, Nichirin Co., Ltd., Polyhose Inc, Continental AG and Colex International Ltd.
By Type (Volume, Million Meter, USD Billion/Million, 2019-2030)
By End Use (Volume, Million Meter, USD Billion/Million, 2019-2030)
By Material (Volume, Million Meter, USD Billion/Million, 2019-2030)
By Country (Volume, Million Meter, USD Billion/Million, 2019-2030)
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