Lucintel forecasts that hydraulic hose pipes will remain the largest segment and it is also expected to witness the highest growth due to increasing demand from construction, automotive, and agriculture industry. #HosePipeMarket, #HoseMarket, #PipeMarket, #HosePipe

1. Hose Pipe Market Report 2019-2024: Trends,
Forecast and Competitive Analysis
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2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by End Use
Industries
Construction, automotive, oli & gas food & beverages, agriculture, others
Market Segments by Product
Type
Hydraulic, pneumatic, chemical, and others
Market Segments by Material
Type
Rubber, plastic, and others
Market Segments by Diameter
Type
Large diameter and small diameter
Market Segments by Working
Pressure Type
Low pressure, medium pressure, and high pressure
Market Segments by Region North America, Europe, Asia Pacific and Rest of the World.
Top Companies Name
Sumitomo Riko, Eaton, Gates Corporation, Parker Hannifin, and Nichrin and
others.
Trend Growth Rate and CAGR 4.3%
Key Industry Forecast
The global hose pipe market is expected to reach an estimated $26.5 billion
by 2024 with a CAGR of 4.3% from 2019 to 2024.
Key Industry Driver
Driver: Increasing construction activities, growth in vehicle production, and
increasing agricultural yield.
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3. Industry Overview
Market Size
• The global hose pipe market is expected to
reach an estimated $26.5 billion by 2024
with a CAGR of 4.3% from 2019 to 2024.
• Emerging trends, which have a direct impact
on the dynamics of the hose pipe industry,
include development of self straighten to avoid
twisting, and tangling and innovation of
polyurethane safe soaker hose pipe.
Market Size (2024) $26.5 billion
CAGR (2019-24) 4.3%
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Industry Performance : Forecast