Lucintel Forecasts the Global Hose Market to Reach $40 Billion by 2030
Lucintel Forecasts the Global Hose Market to Reach $40 Billion by 2030
Blog Article
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.
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 Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056