Global Hoses Market – Steady Growth Driven by Transportation & Material Innovation

The global hoses market is experiencing solid growth, underpinned by rising demand across transportation, infrastructure, agriculture, and industrial sectors. According to a recent Stratview Research report, the hoses market is expected to grow at a Compound Annual Growth Rate (CAGR) of ~4.9% from 2025 to 2031, reaching a size of USD 36.2 billion by 2031.

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Drivers

Several factors are driving this growth:

• Transportation sector dominance: The transportation industry (automotive, light commercial vehicles, aircraft, etc.) accounts for over 50% of hose demand. Growing production of vehicles and aftermarket opportunities in transportation hose applications are major contributors.

• Infrastructure and construction boom: Urbanization, increasing government investment in infrastructure, and expansion in construction activities are pushing demand for hoses in construction equipment, water & fluid handling, and industrial machinery.

• Material innovation & cost-pressure: Rubber remains the most preferred material for hoses because of its flexibility, durability, and resistance to harsh conditions. However, thermoplastics are emerging with faster growth due to lighter weight, better chemical resistance, and eco-friendly appeal.

• Demand from high-pressure applications: While low-pressure hoses retain large volume share (for general purpose uses), high and extremely high pressure hoses are among the fastest growing segments, especially in industrial, mining, oil & gas, and transport hydraulic applications.

Trends

Some of the major trends shaping the hoses market:

• Growing preference for lighter, more flexible hoses: As machinery, vehicles, and industrial equipment become more compact and sophisticated, there is a marked shift toward materials/designs that reduce weight without sacrificing strength. Thermoplastics, hybrid materials, and advanced reinforcement structures are being adopted.

• Regional growth concentrated in Asia-Pacific: Many reports from Stratview show Asia-Pacific (countries like China, India, Japan, Southeast Asia) leading in both market size and growth rate. Rapid industrialization, infrastructure spending, growing automotive output are key.

• Electrification and EV-related hoses: With the rise of electric vehicles, there is increasing need for hoses in thermal management, cooling of battery packs, fluid transfer etc. This segment (EV hoses) is forecasted to grow very fast (CAGR ~11.4% for EV hoses) from 2025-2031.

• Aftermarket vs OEM dynamics: OEM demand (for new vehicles or new equipment) is strong, but the aftermarket (repairs, replacements) continues to represent a significant and growing opportunity, especially in transportation and industrial sectors.

Conclusion

The hoses market is not just growing—it is evolving. Whereas past demand was largely driven by sheer volume in basic applications, the future will be shaped by material innovations, pressure and performance requirements, and the need to serve burgeoning sectors like EVs and infrastructure in fast-developing regions. For manufacturers, suppliers, and investors, success will likely come from flexibility: being able to deliver high-performance hoses (lighter, more durable, more specialized) while also scaling in high-volume, cost-sensitive markets. With the market projected to cross USD 35-36+ billion by 2030-31, there is strong opportunity—especially in Asia-Pacific and in segments like EV hoses, high-pressure applications, and thermoplastic materials.