According to a new report, published by KBV research, The Global Hose Pipe Market size is expected to reach $31.6 billion by 2030, rising at a market growth of 4.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 6,827.5 million Meter experiencing a growth of 4.9% (2019-2022).
The Hydraulic segment is experiencing a CAGR of 4.6% during (2023 - 2030). Under high-pressure conditions, hoses are responsible for transferring fluid or fluid power within a hydraulic system, and connectors to the hydraulic system are required. A hydraulic hose is an alternative to rigid pipelines that transport fluid between hydraulic components, including actuators, valves, and equipment. The cover is reinforced with multiple layers of construction and is a significant component of the hydraulic tubes. In addition, earthmoving machinery uses hydraulic hoses to propel their arms and raise the load. It is also used to assist construction machinery in lifting large materials.
The Construction segment is generating highest revenue in the Global Hose Pipe Market, by End Use in 2022; thereby, achieving a market value of $11.5 billion by 2030. In the construction industry, hose pipes are indispensable instruments that enable the efficient execution of projects by facilitating the efficient management of various materials and fluids. They serve multiple functions in the construction industry, including concrete pouring, dewatering, material transport, and dust control. In addition, the increase in urbanization and infrastructure development initiatives increases the demand for efficient material and fluid transport, thereby increasing the demand for hose pipes of superior quality.
The Plastic segment is exhibiting a CAGR of 5.2% during (2023 - 2030). Plastic is frequently used as a hose conduit material due to its adaptability, lightweightness, and ability to be developed into various shapes and sizes. In addition, resins are selected based on specific pipe requirements, such as chemical reliability, resilience to temperature, flexibility, and longevity. Due to their ability to withstand severe environmental conditions, flexible plastic hoses are being adopted by various industries, including manufacturing, agriculture, and construction. This makes them ideal for outdoor applications, such as irrigation and liquid transportation.
The Asia Pacific region dominated the Global Rubber Market, by region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8.4 billion by 2030. The Europe market is anticipated to grow a CAGR of 3.8% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 3.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/hose-pipe-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Million Meter, USD Billion/Million, 2019-2030)
Companies Profiled
Unique Offerings 
