From GlobeNewswire: 2025-04-22 09:19:00

The Global Industrial Hose Market is experiencing significant growth due to increased investments in water treatment plants globally. The market is comprised of various materials and industry verticals with promising growth potential. Key findings from the report indicate a projected market value of US$ 23.57 billion by 2031, with a CAGR of 5.9% from 2025-2031.

One of the main factors driving this growth is the surge in investments in wastewater treatment facilities worldwide. Government initiatives, such as the US Department of Agriculture’s US$ 75 million infrastructure project and President Biden’s US$ 84.7 million investment in drought-afflicted communities, are contributing to this trend. Additionally, companies like Hydro and BIPSO are investing in water treatment plants, further fueling market growth.

The development of smart cities in emerging countries is also propelling the demand for industrial hoses. Adequate water supply and wastewater management are crucial for smart city infrastructure projects, leading to increased investments in water treatment facilities. Initiatives like the project in Kerala utilizing Japanese wastewater treatment plants and the construction of water treatment plants in Canada highlight this trend.

The rise in global population and urbanization is driving energy consumption, particularly in sectors like oil & gas. The US Energy Information Administration predicts a growth in energy consumption through 2050, boosting demand for industrial hoses in the oil & gas industry. This expansion in the oil & gas sector is a significant driver of the industrial hose market.

Geographically, Asia Pacific led the market in 2024, followed by North America and Europe. Asia Pacific is expected to exhibit the highest CAGR during the forecast period. The market is segmented by material type, end-use industry, and region, with rubber and oil & gas sectors holding significant market shares in 2024.

Key players in the Industrial Hose Market include Novaflex Inc., Parker Hannifin Corp, Gates Corporation, and others. Recent acquisitions, such as NORRES acquiring Dutch Baggerman Group and Parker acquiring the hose and fittings business of PIX Transmissions, are indicative of the market’s dynamism and growth potential. Stay informed on the latest market trends to capitalize on emerging opportunities.



Read more at GlobeNewswire: Industrial Hose Market Size to Reach $23.57 Billion,