The Latin America, Middle East and Africa Hose Pipe Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 857.7 million Meter, showcasing a growth of 8.0 % (2023-2030).
The construction industry uses hose pipes to transport water, fuel, oxygen, and building materials. The market's development can be attributed to a boost in demand for hydraulic gears due to the rise in construction activities, an increase in demand for material handling equipment, a surge in demand for cutting-edge agricultural equipment, and an increase in the adaptability of hydraulic equipment across various industries.
Despite a reduction in the construction industry, which affects hose pipe sales, the market for hose pipes is expected to recover over the forecast period. The increase in emphasis on public-private partnerships (PPP) is expected to be one of the reasons for the growth. These partnerships are government-private sector joint initiatives to develop public infrastructure systems.
According to the International Trade Administration (ITA), the UAE's construction industry is expected to recover significantly till 2027, with a value increase of 3.7% and 4.7%. The country's development agenda, which focuses on expanding its industrial, transportation, and energy infrastructure, will drive growth. As part of the Projects of the 50 initiatives, the government of the UAE announced plans to implement a series of initiatives aimed at accelerating the UAE's economic development and transforming the country into a hub for all sectors to attract $149.8 billion in foreign direct investment between 2022 and 2031. These aspects will propel the expansion of the market in this region.
The Brazil market dominated the LAMEA Hose Pipe Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,370.3 million by 2030. The Argentina market is exhibiting a CAGR of 6.7% during (2023 - 2030). Additionally, The UAE market would experience a CAGR of 5.8% during (2023 - 2030).
Based on Type, the market is segmented into Pneumatic, Hydraulic and Others. Based on End Use, the market is segmented into Construction, Food & Beverages, Oil & Gas, Agriculture, Automotive and Others. Based on Material, the market is segmented into Rubber, Plastic and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Hose Pipe Market is Projected to reach USD 31.6 Billion by 2030, at a CAGR of 4.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Parker Hannifin Corporation, Eaton Corporation PLC, Gates Industrial Corporation plc (Blackstone Inc.), Manuli Hydraulics UK Ltd, SHP Primaflex GmbH, Sumitomo Riko Company Limited, Nichirin Co., Ltd., Polyhose Inc, Continental AG and Colex International Ltd.
By Type (Volume, Million Meter, USD Billion/Million, 2019-2030)
By End Use (Volume, Million Meter, USD Billion/Million, 2019-2030)
By Material (Volume, Million Meter, USD Billion/Million, 2019-2030)
By Country (Volume, Million Meter, USD Billion/Million, 2019-2030)
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