Global Thermoplastic Hose Market Size, Share, Trends, Industry Growth by Type (Hydraulic Hose, Pneumatic Hose, High Pressure Hose, Others), by Material (Polyurethane (PU), Polyethylene (PE), Polyvinyl Chloride (PVC), Others), by End-Use Industry, by Region and Forecast to 2030

Report ID: RC128303 | Report Format: PDF + Excel | Starting Price: 2520/- USD |

Key Findings:

  • The market is growing at a significant CAGR of over 4% over the forecast period by 2030
  • By type, the hydraulic hose segment held the largest market share in the benchmark year 2023
  • Geographically, the Asia Pacific is expected to held the largest revenue share by the end of the analysis period by 2030

The global thermoplastic hose market is anticipated to grow at a significant CAGR of over 4% during the forecast period from 2024 to 2030. The market is driven by several key factors contributing to its growth and demand across various industries. One of the primary drivers is the increasing adoption of thermoplastic hoses due to their superior properties such as flexibility, high-pressure performance, and resistance to chemicals and abrasion. Additionally, the rising demand for lightweight and durable hoses in industries like construction, automotive, and oil & gas is fueling market growth. Technological advancements in hose manufacturing processes, leading to improved product quality and performance, are also driving market expansion. Moreover, stringent regulations and standards emphasizing safety and efficiency in industrial applications are pushing industries to replace traditional rubber hoses with thermoplastic alternatives. Furthermore, the growing focus on reducing operational costs and enhancing productivity is encouraging end-users to opt for thermoplastic hoses that offer longer service life and reduced maintenance requirements.

Market Snapshot:

Benchmark Year 2023
Market Size lock
Market Growth (CAGR) > 4% (2024 – 2030)
Largest Market Share Asia Pacific
Analysis Period 2020-2030
Market Players Parker Hannifin Corporation, Manuli Hydraulics (Americas) Inc., Alfagomma Spa, Yokohama Rubber, and Gates Corporation

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Market Trends:

Increasing Adoption of Lightweight and Flexible Hoses: The thermoplastic hose market is experiencing a significant shift towards the adoption of lightweight and flexible hoses. Industries such as automotive, aerospace, and construction are increasingly favoring these hoses due to their ease of handling, reduced installation time, and improved efficiency. The lightweight nature of thermoplastic hoses not only simplifies transportation and installation but also reduces the overall system weight, leading to enhanced performance and energy efficiency.

Rising Demand for High-Pressure and High-Temperature Resistant Hoses: There is a growing demand for thermoplastic hoses capable of withstanding high-pressure and high-temperature conditions. Industries such as oil & gas, chemical processing, and mining require hoses that can perform reliably under extreme operating conditions. Thermoplastic hoses, with their superior mechanical strength, chemical resistance, and thermal stability, are increasingly being preferred over traditional rubber hoses for these demanding applications.

Technological Advancements and Innovation in Hose Design: The thermoplastic hose market is witnessing continuous advancements in manufacturing technologies and innovative hose designs. Manufacturers are investing in research and development to enhance the performance, durability, and reliability of thermoplastic hoses. Advanced materials, improved manufacturing processes, and innovative design techniques are leading to the development of next-generation thermoplastic hoses with superior properties and enhanced capabilities to meet the evolving needs of various industries.

Growing Focus on Environmental Sustainability: Environmental sustainability is becoming a significant trend in the thermoplastic hose market. There is an increasing emphasis on developing eco-friendly and recyclable thermoplastic hoses to reduce environmental impact and meet sustainability goals. Manufacturers are focusing on using sustainable materials, reducing carbon footprint, and implementing green manufacturing practices to produce environmentally friendly thermoplastic hoses, catering to the growing demand for green solutions from environmentally conscious industries and consumers.

Expansion of End-Use Applications: The thermoplastic hose market is witnessing the expanding applications of thermoplastic hoses in diverse industries such as agriculture, food & beverage, pharmaceuticals, and wastewater management. The versatility, adaptability, and performance of thermoplastic hoses are driving their adoption in a wide range of applications, from fluid transfer and hydraulic systems to chemical handling and material conveyance, contributing to the market growth and diversification of end-use applications.

Market Opportunities:

The global thermoplastic hose market presents several lucrative opportunities driven by evolving industry trends, technological advancements, and increasing demand across diverse end-use sectors. One of the major opportunities lies in the growing adoption of lightweight and flexible thermoplastic hoses, particularly in industries such as automotive, aerospace, and construction, offering enhanced efficiency and ease of handling. Additionally, the rising demand for high-pressure and high-temperature resistant hoses in sectors like oil & gas, chemical processing, and mining provides significant growth prospects for thermoplastic hose manufacturers. Moreover, the increasing focus on environmental sustainability is driving the development and demand for eco-friendly and recyclable thermoplastic hoses, catering to the growing demand for green solutions from environmentally conscious industries and consumers. Furthermore, the expansion of end-use applications in emerging economies, rapid industrialization, infrastructural development, and investments in key sectors such as manufacturing, construction, and oil & gas are creating lucrative opportunities for market expansion, growth, and penetration in new geographical regions.

Market Challenges:

The global thermoplastic hose market also faces several challenges that could potentially hinder its growth and development. One of the significant challenges is the intense competition from alternative materials such as rubber and metal hoses, which have established market presence and customer trust in various industries. Additionally, fluctuations in raw material prices and supply chain disruptions can impact manufacturing costs and product availability, posing challenges for manufacturers in maintaining competitive pricing and meeting customer demand. Moreover, stringent regulatory standards and compliance requirements for safety, quality, and performance in various industries necessitate continuous investment in research and development to develop compliant and certified thermoplastic hoses, adding to the operational costs and complexity for manufacturers.

Market Insights:

The global thermoplastic hose market is bifurcated into type, material, end-use industry, and geography. On the basis of type, the market is further segmented into hydraulic hose, pneumatic hose, high pressure hose, and others. The hydraulic hose segment es estimated to hold the largest revenue share of the global market in the benchmark year 2023. Hydraulic hoses are designed to transmit pressurized fluids, such as oil, water, and hydraulic fluids, in hydraulic systems and equipment. They are widely utilized across various industries, including construction, agriculture, automotive, and manufacturing, due to their superior flexibility, chemical resistance, high-pressure performance, and durability compared to traditional rubber hoses. The growing demand for hydraulic hoses is driven by continuous advancements in hydraulic systems, equipment, and technologies. Manufacturers are focusing on research and development to enhance the design, material, and performance of thermoplastic hydraulic hoses, leading to the development of innovative products and solutions catering to the evolving needs and requirements of various industries.

The hydraulic hose segment is witnessing increasing demand due to its expanding applications in various industries, along with the increasing adoption of hydraulic technology in new and emerging sectors. The versatility, adaptability, and performance of thermoplastic hydraulic hoses make them suitable for a wide range of applications, driving their demand and market growth. Moreover, stringent regulatory standards, safety, and compliance requirements in various industries necessitate the use of high-quality and certified hydraulic hoses. Thermoplastic hydraulic hoses are compliant with international standards and regulations, ensuring reliable, safe, and efficient performance in critical applications, contributing to their market dominance and preference among end-users and industry stakeholders.

The thermoplastic hose market research report presents the analysis of each segment from 2020 to 2030 considering 2023 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2024 to 2030.

Historical & Forecast Period

  • 2020-22 – Historical Year
  • 2023 – Base Year
  • 2024-2030 – Forecast Period

Market Segmentation:

By Type:

  • Hydraulic Hose
  • Pneumatic Hose
  • High Pressure Hose
  • Others

By Material:

  • Polyurethane (PU)
  • Polyethylene (PE)
  • Polyvinyl Chloride (PVC)
  • Others

By End-Use Industry:

  • Construction
  • Automotive
  • Agriculture
  • Chemical & Petrochemical
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

Geographically, the Asia Pacific dominated the global thermoplastic hose market in the benchmark year 2023 and expected to grow at the same trend over the forecast period. The Asia-Pacific region, encompassing countries such as China, India, Japan, South Korea, Australia, and other Southeast Asian countries, is experiencing rapid industrialization, infrastructural development, and urbanization, leading to a growing demand for thermoplastic hoses in construction, manufacturing, automotive, and infrastructure sectors. The expanding industrial activities, investments in key industries, and government initiatives to boost industrial growth and development are contributing to the growth and dominance of the thermoplastic hose market in the Asia-Pacific region.

Furthermore, the Asia-Pacific region is a hub for technological advancements, innovation, and research and development activities in the thermoplastic hose market. Manufacturers in the region are focusing on product innovation, technological advancements, and the development of high-performance and specialized thermoplastic hoses to meet the evolving needs and requirements of various industries. Major players in the thermoplastic hose market are also focusing on strategic investments, expansions, collaborations, partnerships, and acquisitions in the Asia-Pacific region to expand their market presence, enhance product portfolios, and cater to the growing demand from diverse industries and applications. The favorable business environment, market potential, growth opportunities, and increasing investments in key industries are driving the growth, innovation, and market expansion of the thermoplastic hose market in the Asia-Pacific region.

Competitive Landscape:

Some of the leading market players operating in the global thermoplastic hose market are Parker Hannifin Corporation, Manuli Hydraulics (Americas) Inc., Alfagomma Spa, Yokohama Rubber, and Gates Corporation. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Parker Hannifin Corporation
  • Manuli Hydraulics (Americas) Inc.
  • Alfagomma Spa
  • Yokohama Rubber
  • Gates Corporation
  • Eaton Corporation
  • Kurt Hydraulics
  • Transfer Oil S.p.A
  • Nitta Corporation
  • Polyhose India Pvt. Ltd.
  • RYCO Hydraulics Pty Ltd.

Key Questions Answered by Thermoplastic Hose Market Report

  • Global thermoplastic hose market forecasts from 2024-2030
  • Regional market forecasts from 2024-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2024-2030 covering 15 major countries from the regions as mentioned above
  • Thermoplastic hose submarket forecasts from 2024-2030 covering the market by type, material, end-use industry, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level thermoplastic hose markets from 2024-2030
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Contents:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Thermoplastic Hose Market Portraiture
2.2. Global Thermoplastic Hose Market, by Type, 2023 (USD Mn)
2.3. Global Thermoplastic Hose Market, by Material, 2023 (USD Mn)
2.4. Global Thermoplastic Hose Market, by End-Use Industry, 2023 (USD Mn)
2.5. Global Thermoplastic Hose Market, by Geography, 2023 (USD Mn)

 

3. Global Thermoplastic Hose Market Analysis


3.1. Thermoplastic Hose Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis

 

4. Global Thermoplastic Hose Market by Type, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. Hydraulic Hose
4.3. Pneumatic Hose
4.4. High Pressure Hose
4.5. Others

 

5. Global Thermoplastic Hose Market by Material, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. Polyurethane (PU)
5.3. Polyethylene (PE)
5.4. Polyvinyl Chloride (PVC)
5.5. Others

 

6. Global Thermoplastic Hose Market by End-Use Industry, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. Construction
6.3. Automotive
6.4. Agriculture
6.5. Chemical & Petrochemical
6.6. Others

 

7. North America Thermoplastic Hose Market Analysis and Forecast, 2020 – 2030 (USD Mn)


7.1. Overview
7.2. North America Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
7.3. North America Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
7.4. North America Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
7.5. North America Thermoplastic Hose Market by Country, (2020-2030 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
7.5.1.2. U.S. Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
7.5.1.3. U.S. Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
7.5.2.2. Canada Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
7.5.2.3. Canada Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
7.5.3. Mexico
7.5.3.1. Mexico Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
7.5.3.2. Mexico Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
7.5.3.3. Mexico Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)

 

8. Europe Thermoplastic Hose Market Analysis and Forecast, 2020 - 2030 (USD Mn)


8.1. Overview
8.2. Europe Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
8.3. Europe Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
8.4. Europe Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
8.5. Europe Thermoplastic Hose Market by Country, (2020-2030 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
8.5.1.2. Germany Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
8.5.1.3. Germany Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
8.5.2.2. U.K. Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
8.5.2.3. U.K. Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
8.5.3. France
8.5.3.1. France Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
8.5.3.2. France Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
8.5.3.3. France Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
8.5.4. Spain
8.5.4.1. Spain Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
8.5.4.2. Spain Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
8.5.4.3. Spain Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
8.5.5. Italy
8.5.5.1. Italy Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
8.5.5.2. Italy Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
8.5.5.3. Italy Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
8.5.6. Rest of Europe
8.5.6.1. Rest of Europe Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
8.5.6.2. Rest of Europe Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
8.5.6.3. Rest of Europe Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)

 

9. Asia Pacific Thermoplastic Hose Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Asia Pacific Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
9.3. Asia Pacific Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
9.4. Asia Pacific Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
9.5. Asia Pacific Thermoplastic Hose Market by Country, (2020-2030 USD Mn)
9.5.1. China
9.5.1.1. China Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
9.5.1.2. China Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
9.5.1.3. China Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
9.5.2.2. Japan Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
9.5.2.3. Japan Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
9.5.3. India
9.5.3.1. India Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
9.5.3.2. India Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
9.5.3.3. India Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
9.5.4. South Korea
9.5.4.1. South Korea Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
9.5.4.2. South Korea Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
9.5.4.3. South Korea Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
9.5.5. Rest of Asia Pacific
9.5.5.1. Rest of Asia Pacific Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
9.5.5.2. Rest of Asia Pacific Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
9.5.5.3. Rest of Asia Pacific Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)

 

10. Latin America (LATAM) Thermoplastic Hose Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. Latin America Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
10.3. Latin America Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
10.4. Latin America Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
10.5. Latin America Thermoplastic Hose Market by Country, (2020-2030 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
10.5.1.2. Brazil Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
10.5.1.3. Brazil Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
10.5.2. Argentina
10.5.2.1. Argentina Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
10.5.2.2. Argentina Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
10.5.2.3. Argentina Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
10.5.3.2. Rest of Latin America Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
10.5.3.3. Rest of Latin America Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)

 

11. Middle East and Africa Thermoplastic Hose Market Analysis and Forecast, 2020 - 2030 (USD Mn)


11.1. Overview
11.2. MEA Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
11.3. MEA Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
11.4. MEA Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
11.5. Middle East and Africa Thermoplastic Hose Market, by Country, (2020-2030 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
11.5.1.2. GCC Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
11.5.1.3. GCC Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
11.5.2.2. South Africa Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
11.5.2.3. South Africa Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Thermoplastic Hose Market by Type, (2020-2030 USD Mn)
11.5.3.2. Rest of MEA Thermoplastic Hose Market by Material, (2020-2030 USD Mn)
11.5.3.3. Rest of MEA Thermoplastic Hose Market by End-Use Industry, (2020-2030 USD Mn)

 

12. Competitive Landscape


12.1. Company Market Share Analysis, 2023
12.2. Competitive Dashboard
12.3. Competitive Benchmarking
12.4. Geographic Presence Heatmap Analysis
12.5. Company Evolution Matrix
12.5.1. Star
12.5.2. Pervasive
12.5.3. Emerging Leader
12.5.4. Participant
12.6. Strategic Analysis Heatmap Analysis
12.7. Key Developments and Growth Strategies
12.7.1. Mergers and Acquisitions
12.7.2. New Product Launch
12.7.3. Joint Ventures
12.7.4. Others

 

13. Company Profiles


13.1. Parker Hannifin Corporation
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Manuli Hydraulics (Americas) Inc.
13.3. Alfagomma Spa
13.4. Yokohama Rubber
13.5. Gates Corporation
13.6. Eaton Corporation
13.7. Kurt Hydraulics
13.8. Transfer Oil S.p.A
13.9. Nitta Corporation
13.10. Polyhose India Pvt. Ltd.
13.11. RYCO Hydraulics Pty Ltd.
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