According to our latest market study on "Industrial Hose Market Size and Forecast (2025-2031), Global and Regional Share, Trend, and Growth Opportunity Analysis - by Material Type and Industry Vertical," the market was valued at US$ 14,659.29 million in 2024 and is anticipated to reach US$ 27,399.42 million by 2031; it is estimated to register a CAGR of 9.6% during 2025-2031. The report includes growth prospects in light of current Industrial Hose Market trends and driving factors influencing market growth.

In September 2024, the Asian Development Bank announced an investment of US$ 200 million until 2025 under the Water Resilience Program to support water and sanitation services in the region. According to the bank's estimates, approximately funds worth US$ 60 billion are required annually for the development of water-related infrastructure in Asia Pacific. The investment would help establish sustainable water management infrastructure in the region.

Rising Investments in Water Treatment Plants Globally Driving the Industrial Hose Market

Due to the increased demand for wastewater and water treatment plants in urban and rural areas, the governments of various countries are investing in water treatment plants. The investment in rural water systems involves the work associated with pipeline connections, building water treatment facilities and intakes, pump systems, reservoir construction, and other activities to deliver potable water to rural and tribal populations. Such investments in the development of water treatment and management plants have fueled the demand for industrial hoses.

In 2024, the government and legislative agencies of various countries focused on developing water and wastewater treatment facilities. A few financial aid and regulatory moves are listed below:

- US$ 851.2 million for capitalization grants to states under EPA's Clean Water State Revolving Fund (SRF) program.

- US$ 494.4 million for EPA's Drinking Water SRF program. US$ 787.7 million for wastewater infrastructure.

- US$ 631.7 million for drinking water infrastructure through community project funding/congressionally directed spending.

- US$ 3.0 billion for EPA's Drinking Water SRF program for lead service line replacement and related activities.

- US$ 64.6 million for subsidy costs for the EPA-administered Water Infrastructure Finance and Innovation Act (WIFIA) program, granting to provide credit assistance up to US$ 12.5 billion.

The National Water Company (NWC) announced completion of 118 water and sanitation projects in 2024 across Saudi Arabia at a cost of more than US$ 1.46 billion, benefiting 1.8 million beneficiaries.

Manila Water invested approximately US$ 40.93 million in 2024 to develop water and wastewater services for over 9 million customers across the Philippines.

Water companies based in England and Wales invested more than US$16.40 billion in 2024- 25 - the highest annual investment on record.

Global Industrial Hose Market Report: Key Findings

Based on material type, the industrial hose market is segmented into PVC, rubber, polyurethane, silicone, composites, and others. By end-use industry, the market is categorized into automotive, water and wastewater, oil and gases, infrastructure, food and beverages, mining, chemical, and others.

Eaton Corporation; Novaflex Inc.; Parker Hannifin Corp; Kuriyama of America Inc.; Gates Corporation; Norres; ALFA GOMMA Spa; Sinopulse; Fu Sheng Rubber & Plastic Ind. Co., Ltd.; and Semperit AG are a few of the key players profiled in the industrial hose market report. Other major players were also studied and analyzed in the report to get a holistic view of the market and its ecosystem. The industrial hose market forecast can help stakeholders plan their growth strategies. The market analysis provides detailed market insights, which help the key players strategize their growth.

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