High pressure in the rubber market: growth from 11.2 to USD 20.6 billion!

High pressure in the rubber market: growth from 11.2 to USD 20.6 billion!

Hoses Market

The DATAM Intelligence's Hoses market study shows that the global market for hoses in 2022 achieved a value of $ 11.2 billion and is to grow to $ 20.6 billion by 2031. This corresponds to an impressive growth rate of 9.6 % during the forecast period from 2024 to 2031. Hoses made from materials such as rubber, PVC or metal are indispensable for the transmission of liquids, gases and particles in different industries, from automotive sector to household applications.

The analysis also includes the competitive landscape of leading companies such as Eaton Corporation PLC, Continental AG and Parker-Hannifin Corporation. A remarkable step in the industry is the announcement of Bridgestone Corporation to increase the production capacities for hydraulic hoses in Thailand by 30 % by 2026. This expansion is expected to begin in the second quarter of 2025 and could significantly strengthen Bridgestone's market position.

market overview and segmentation

hoses are flexible, often reinforced pipes designed for different applications. Their versatility makes them a key product in the sanitary, hydraulic and fuel transport industry. The market segments include materials such as natural rubber, PVC and silicone as well as various types of hoses that are suitable for different pressure levels. The main areas of application are water and wastewater management, food and beverage industry as well as the chemical and petrochemical industry.

The global market analysis refers to several regions, including North America, Europe and Asia-Pacific, and emphasizes the different growth opportunities in these markets. With a detailed examination of the market conditions, technological advances and the competitive landscape, the report offers valuable insights for companies that work in this dynamic sector.