The North America Hose Pipe Market would witness market growth of 3.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,344.5 million Meter, showcasing a growth of 4.2% (2019-2022).
Hose pipes are commonly used for garden irrigation, watering lawns, and supplying water to residential and commercial buildings. In industrial settings, hose pipes transport various fluids, including chemicals, petroleum products, air, and water. They are crucial for processes such as manufacturing, construction, and agriculture. Hose pipes are used in vehicles for various purposes, including coolant, fuel, and brake hoses. Specialized hoses are used in the oil and gas sector to transport oil, natural gas, and other hydrocarbons. Heavy-duty hoses are used in construction and mining equipment for various purposes, such as hydraulic systems and water supply.
In addition, the consistent growth of the agricultural sector, led by the need to increase productivity and effectiveness, creates possibilities to use plastic hose pipes in irrigation and crop management procedures. All of these factors could increase market demand for hose pipes. Agricultural hoses are used for irrigation, spraying pesticides, and transporting water and fertilizers on farms. These industries use hoses for the safe transfer of chemicals and pharmaceutical products. FDA-compliant hoses are used to transfer food and beverage products safely.
According to the National Institute of Standards and Technology (NIST), in 2021, manufacturing contributed $2.3 trillion to US GDP, amounting to 12.0 % of total US GDP. The growth of the manufacturing industry in the United States, driven by technological advancements, increased demand for consumer goods, and reshoring efforts, has led to a strong demand for hose pipes. Manufacturers in the US supply a wide range of hose pipe products created to meet the distinct needs of various industries and applications, contributing to the growth and diversification of the hose pipe market in the country. The abovementioned factors will drive the development of the market in this region.
The US market dominated the North America Hose Pipe Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,916.4 million by 2030. The Canada market is showcasing a CAGR of 6.3% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 5.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Hose Pipe Market is Predict to reach $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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