Industrial Hose Market Trends, Size and Report | 2025-2034

Industrial Hose Market Outlook

According to the report by Expert Market Research (EMR), the global industrial hose market reached a valuation of USD 14.01 billion in 2024. Aided by rapid industrialisation, the growing demand for robust fluid transfer systems, and the widespread adoption of industrial automation, the industrial hose market is expected to grow at a CAGR of 3.90% between 2025 and 2034, reaching a value of USD 20.54 billion by 2034.

Industrial hoses are flexible, reinforced tubes designed to transfer various fluids and gases in industries such as oil and gas, chemical processing, food and beverage, mining, pharmaceuticals, and agriculture. These hoses are manufactured using a variety of materials including rubber, PVC, polyurethane, silicone, and composites, based on the specific fluid transfer needs and environmental conditions. Their durability, flexibility, and resistance to high pressure, temperature, and corrosive environments make them indispensable across a broad spectrum of industrial applications.

Market Size and Share

The industrial hose market has witnessed consistent growth over the past decade, underpinned by the increasing number of industrial and infrastructural projects worldwide. In 2024, the market value stood at USD 14.01 billion, and it is projected to expand substantially to USD 20.54 billion by 2034. Asia Pacific holds a significant share of the global market, attributed to the rapid industrial development in countries such as China, India, and Japan, where manufacturing and construction activities are burgeoning. North America and Europe also contribute substantially to market revenue, supported by advancements in automotive manufacturing, oil and gas exploration, and chemical production.

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Industrial Hose Market Trends

Several key trends are shaping the growth trajectory of the global industrial hose market. One major trend is the increasing demand for lightweight and high-performance hoses that can withstand harsh industrial environments. Manufacturers are focusing on enhancing hose design through advanced materials that provide greater resistance to abrasion, chemicals, and extreme temperatures.

Another trend is the growing emphasis on sustainability and eco-friendly materials. With tightening environmental regulations, industries are shifting towards hoses that offer lower emissions and are recyclable or made from sustainable resources. In addition, the integration of smart technologies, such as sensors embedded in hoses for real-time monitoring of pressure, temperature, and fluid flow, is gaining traction, particularly in critical sectors like oil and gas and chemical manufacturing.

Drivers of Growth

A number of factors are driving the global industrial hose market forward. Foremost among these is the expanding industrial base in emerging economies. As manufacturing, energy, and construction industries continue to grow, the need for efficient and durable fluid transfer systems rises in tandem.

The increasing number of infrastructure development projects around the globe, particularly in developing nations, is significantly contributing to market expansion. Industrial hoses are widely used in activities such as dewatering, concrete transfer, material handling, and dust suppression, which are essential to large-scale construction projects.

The growth of the oil and gas sector is another major driver. Hoses used in this sector must meet strict performance and safety standards, given the hazardous and corrosive nature of many fluids involved. As global energy demand continues to climb, the requirement for high-performance hoses in exploration, extraction, refining, and transportation processes remains strong.

Moreover, the rising focus on food safety and hygiene is fuelling demand for industrial hoses in the food and beverage industry. These hoses must comply with stringent regulatory standards, such as FDA and EU regulations, driving innovation in hygienic and contamination-resistant hose materials.

Technology and Advancements

Technological advancements have played a pivotal role in the evolution of the industrial hose market. Manufacturers are investing in research and development to produce hoses with enhanced capabilities. Advanced polymer technologies, such as thermoplastic elastomers (TPEs) and fluoropolymers, are enabling the production of hoses that can handle more extreme conditions while maintaining flexibility and durability.

The integration of Internet of Things (IoT) technology has opened new avenues for the industrial hose industry. Smart hoses equipped with sensors can detect and report anomalies such as leaks, pressure drops, or temperature deviations in real time, thereby improving operational efficiency and reducing downtime. This is particularly beneficial in high-risk environments, where safety and reliability are critical.

In addition, the use of 3D printing technology in hose prototyping and customisation is gaining prominence. This allows for faster design iterations, reduced development costs, and enhanced customisability to suit specific industrial needs.

Industrial Hose Market Segmentation

The market can be divided based on material, media, industry and region.

Market Breakup by Material

• Synthetic Rubber
• Polyvinyl Chloride (PVC)
• Natural Rubber
• Silicone
• Polyurethane

Market Breakup by Media

• Air and Gas
• Oil
• Water and Steam
• Chemical
• Food and Beverage

Market Breakup by Industry

• Automotive
• Chemical and Pharmaceuticals
• Infrastructure
• Oil and Gas
• Food and Beverages
• Water and Wastewater
• Mining
• Agriculture
• Others

Market Breakup by Region

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

Key Players

Some of the major players explored in the report by Expert Market Research are as follows

• Eaton Corporation plc
• Gates Industrial Corporation plc
• Parker-Hannifin Corporation
• Transfer Oil S.p.A
• Kurt Manufacturing Company
• Piranha Hose Products, Inc
• NORRES Schlauchtechnik GmbH
• Colex International Ltd.
• Kuriyama Holdings Corporation
• ALMAPlast S.r.l.
• Griflex Limited
• REHAU Industries SE & Co. KG
• Danfoss A/S
• RR Italia SPA. 
• Alfaflex NV 
• Others

Challenges and Opportunities

Despite a positive growth outlook, the industrial hose market faces several challenges. One primary concern is the high cost associated with advanced materials and technologies. The development and integration of high-performance, sensor-equipped hoses entail significant investments, which can be a barrier for small and medium-sized enterprises (SMEs).

Quality and safety compliance is another challenge. Industrial hoses must meet stringent standards to ensure performance reliability and worker safety, particularly in hazardous environments. Maintaining consistency in quality across global supply chains can be difficult, especially for manufacturers operating in multiple regulatory jurisdictions.

However, these challenges present opportunities for innovation and differentiation. Manufacturers that invest in R&D and develop cost-effective, compliant, and high-performing solutions can gain a competitive edge. The growing awareness of preventive maintenance in industrial settings also offers scope for smart hose technologies to flourish.

Furthermore, the increasing trend toward industrial automation and digitalisation provides a fertile ground for the adoption of smart fluid handling systems, where intelligent hoses play a critical role.

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Events Industry Market Size, Share and Report | 2025-2034

 

Events Industry Market Size

The global events industry market reached a value of approximately USD 1406.00 billion in 2024. This dynamic industry includes a wide range of events such as music concerts, trade shows, sports competitions, cultural festivals, and corporate seminars. Events play a vital role in driving tourism, generating economic activity, and enhancing brand visibility for businesses. Rapid urbanisation, rising disposable income, and increasing demand for live experiences have significantly contributed to the expansion of events industry market. Post-pandemic recovery and the resurgence of in-person gatherings have further reinforced the sector’s strength, leading to substantial growth across global regions.

Events Industry Market Growth

The events industry is projected to grow at a steady compound annual growth rate (CAGR) of 5.10% from 2025 to 2034, reaching around USD 2312.13 billion by the end of the forecast period. Several factors are driving this robust growth trajectory:

• Digital and Hybrid Integration: The adoption of hybrid models combining physical and virtual attendance has widened audience reach and created new monetisation opportunities.
• Rising Sponsorship and Brand Engagement: Businesses are increasingly investing in event sponsorships and partnerships to directly connect with targeted audiences and boost brand visibility.
• Tourism and Cultural Promotion: Events such as international festivals, exhibitions, and sports tournaments continue to support tourism and boost regional economies.
• Corporate Spending: Increased corporate focus on networking, training, and customer engagement is fuelling demand for organised business events and seminars.
• Millennial and Gen Z Influence: Younger generations are placing high value on experiences, which is leading to greater demand for music festivals, sporting events, and entertainment expos.
• Technological Advancements: Use of event management software, mobile apps, augmented reality (AR), and artificial intelligence (AI) is enhancing event planning, ticketing, and customer engagement.

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Events Industry Market Segments

Breakup by Event Type

• Music Events: One of the most popular categories, music events such as concerts and tours draw large crowds, often generating significant ticket sales and sponsorship revenue.
• Festivals and Cultural Events: These include traditional, seasonal, and regional festivals that celebrate culture and attract local and international visitors, playing a vital role in tourism and community development.
• Sports Events: From local leagues to global championships, sports events drive huge footfall and media attention, making them attractive for advertisers and sponsors.
• Exhibitions and Trade Fairs: These are key platforms for business networking, product showcases, and B2B interactions across industries like technology, healthcare, fashion, and manufacturing.
• Corporate Events and Seminars: Companies host these events for employee training, product launches, shareholder meetings, and brand building, contributing significantly to the industry's growth.

Breakup by Revenue Source

• Ticket Sales: A major revenue generator, especially for concerts, sports, and festivals. Digital platforms have enhanced access and convenience, driving sales growth.
• Organisers: Event organisers generate income through event execution, planning fees, and vendor commissions. Professional services have become more sought after due to increasing event complexity.
• Sponsorship: Corporations invest heavily in event sponsorships to gain exposure and build brand associations. Sponsorship revenue continues to grow, particularly for high-profile events and global tournaments.

Breakup by Region

North America

• United States of America: The US leads in event infrastructure, with strong demand across music, sports, corporate, and entertainment events. Major cities like New York and Los Angeles are event hubs.
• Canada: Known for hosting large-scale music festivals and cultural events, Canada’s event market is driven by tourism and public-private partnerships.

Europe

• United Kingdom: London remains a prime location for trade shows, corporate events, and international sports fixtures.
• Germany: Germany’s central location in Europe makes it ideal for exhibitions and industry fairs, especially in manufacturing and tech.
• France and Italy: Cultural heritage and vibrant tourism sectors support a wide range of events, from art festivals to global expos.
• Others: The rest of Europe shows strong participation in music festivals and international conferences.

Asia Pacific

• China: Rapid economic growth, urbanisation, and rising middle-class income have spurred demand for events across categories, including large-scale exhibitions and music shows.
• Japan: Japan excels in tech expos, international sports events, and corporate conferences, supported by advanced infrastructure.
• India: India is emerging as a key player in the global events market with increasing corporate spending, rising youth participation, and vibrant cultural celebrations.
• ASEAN: Southeast Asia is experiencing growing tourism-led events in countries like Thailand, Malaysia, and Singapore.
• Australia: Known for hosting sports events and festivals, Australia’s event industry benefits from its strong travel and tourism infrastructure.
• Others: The wider Asia Pacific region is becoming more prominent in global event hosting.

Latin America

• Brazil: A major destination for sports and cultural events, Brazil benefits from large venues and high local participation.
• Argentina and Mexico: Both countries are expanding in the entertainment and trade show segments, boosted by tourism and local industry support.
• Others: Other countries in the region are developing their events industry with improved facilities and partnerships.

Middle East and Africa

• Saudi Arabia and United Arab Emirates: Investments in tourism and entertainment are turning these countries into global event destinations. Major expos, music festivals, and international sports events are key growth areas.
• Nigeria and South Africa: Africa’s events market is gradually evolving, with increasing participation in cultural and corporate events.
• Others: Other countries in the region are improving infrastructure and promoting local festivals to attract audiences.

Events Industry Market Forecast

The global events industry is projected to grow at a CAGR of 5.10% between 2025 and 2034, reaching a value of approximately USD 2312.13 billion by 2034. This growth will be supported by rising global tourism, business travel, lifestyle changes, and corporate investments in experiential marketing. The hybrid event model, integrating in-person and virtual elements, will continue to evolve, improving accessibility and increasing global participation. Sustainability, digital engagement, and personalisation will shape future event formats and consumer expectations.

Market Key Players

• ATPI Ltd.
• Triumph Group International S.P.A. Benefit Company
• Reed Exhibitions Limited
• GL events Group
• BCD Meetings & Events
• Anschutz Entertainment Group, Inc.
• ASM Global
• CTS EVENTIM AG & Co. KGaA
• Clarion Events Ltd.
• Cvent Inc.
• Others

These players are at the forefront of the global events landscape, offering full-service event planning, digital integration, venue management, and attendee engagement solutions. Their focus on innovation, scalability, and global partnerships allows them to cater to diverse event types and international clients. Investments in AI, data analytics, and sustainability practices help these firms stay competitive and deliver memorable experiences to audiences worldwide.

North America HVAC Market Size, Share and Report | 2034

North America HVAC Market Size

The North America HVAC market reached a value of approximately USD 45.64 billion in 2024. Heating, ventilation, and air conditioning (HVAC) systems have become essential for ensuring indoor air quality and thermal comfort in various environments, such as homes, commercial buildings, and industrial facilities. The rising need for energy-efficient solutions, combined with climate variability and increasing awareness about sustainable living, has driven the demand for advanced HVAC systems across the region. Additionally, technological innovations like smart thermostats and IoT-enabled systems are attracting both individual and institutional consumers, contributing to North America HVAC market growth.

North America HVAC Market Growth

The North America HVAC market is projected to expand steadily over the forecast period from 2025 to 2034, registering a compound annual growth rate (CAGR) of 4.10%. Several factors contribute to this growth. Firstly, the demand for HVAC systems is on the rise due to the development of residential and commercial infrastructure in urban areas. Secondly, the replacement of older units with energy-efficient and eco-friendly alternatives is becoming more common as both government bodies and consumers focus on reducing carbon footprints. Furthermore, favourable government regulations supporting green buildings and energy conservation are also expected to push adoption rates. Smart HVAC solutions are gaining traction due to their ability to optimise energy usage and reduce utility bills. These advanced systems are particularly popular in commercial buildings, where energy efficiency translates into significant cost savings.

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North America HVAC Market Segments

Breakup by Equipment

Heating- The heating segment includes furnaces, boilers, and heat pumps. These systems are essential in colder regions of North America, especially in the northern United States and Canada. The demand for efficient and low-emission heating equipment has grown due to environmental regulations and the need for reduced operational costs.

Ventilation- Ventilation systems play a key role in maintaining indoor air quality. Products in this category include exhaust fans, air purifiers, and air handling units. Post-pandemic awareness around indoor air health has contributed significantly to the increased installation of ventilation systems across commercial and residential properties.

Cooling- Cooling equipment such as air conditioners, chillers, and cooling towers dominate many southern states in the USA. These systems are crucial in regions with high summer temperatures. The integration of smart and inverter-based technologies in cooling systems is helping reduce energy consumption while delivering optimal performance.

Breakup by Implementation

New Constructions- New constructions account for a significant share of HVAC demand, as modern buildings are designed with integrated heating, ventilation, and cooling systems. The trend towards smart buildings and sustainable architecture further fuels this segment, as developers seek to install advanced HVAC technologies from the outset.

Retrofits- Retrofits are gaining momentum as existing infrastructure is being upgraded to meet modern standards. Businesses and homeowners alike are investing in replacing outdated systems to improve energy efficiency, reduce maintenance costs, and comply with stricter building codes.

Breakup by End Use

Residential - The residential segment leads in terms of unit volume due to a large number of homes using HVAC systems for comfort and air quality. Demand is influenced by factors such as extreme weather conditions, rising disposable income, and growing preference for smart homes.

Commercial - Commercial HVAC systems are designed to manage the heating and cooling needs of office buildings, hospitals, malls, and educational institutions. This segment is growing due to rapid urbanisation, increased commercial activities, and rising investment in infrastructure.

Industrial- Industrial HVAC systems are tailored for large-scale operations in manufacturing plants, data centres, and logistics facilities. These systems help maintain temperature-sensitive environments and ensure the well-being of employees. Energy efficiency and automation are crucial trends in this segment.

Breakup by Region

United States of America - The USA represents the largest market for HVAC systems in North America. The country has a broad spectrum of climate conditions, ranging from freezing winters to sweltering summers, which necessitates the use of advanced HVAC solutions. Government incentives promoting energy-efficient appliances and growing awareness about smart systems are aiding market development.

Canada - Canada follows with a strong focus on heating solutions, especially due to its cold climate. There is increasing adoption of geothermal heat pumps and energy-efficient heating systems. Retrofit activities are also prominent in the country, supported by government programmes aimed at reducing emissions and energy use.

Market Forecast

The North America HVAC market is expected to maintain a positive trajectory throughout the forecast period of 2025–2034, with an estimated CAGR of 4.10%. By 2034, the market is likely to witness significant growth due to the widespread adoption of sustainable practices, increasing construction activities, and technological advancements in system automation and connectivity. The growing inclination toward smart homes and commercial buildings will continue to boost demand for intelligent HVAC solutions. Additionally, regulatory policies focusing on climate change mitigation and energy conservation will encourage market players to innovate and invest in research and development. This supportive environment will foster a robust HVAC ecosystem, catering to evolving consumer and industrial needs.

Market Key Players

• Rheem Manufacturing Company - A key player known for its range of high-performance HVAC equipment, with a strong focus on sustainability and innovation in heating and cooling solutions.
• Trane Technologies plc - A global leader in climate innovation, offering energy-efficient HVAC systems tailored for both residential and commercial spaces, with emphasis on smart controls.
• Lennox International Inc. - Known for its technologically advanced and energy-efficient HVAC systems, Lennox is active in the residential and light commercial sectors across North America.
• Carrier Global Corporation - One of the pioneers in the HVAC industry, Carrier provides a wide range of solutions from basic air conditioners to cutting-edge intelligent HVAC systems.
• Daikin Industries, Ltd. - A major global manufacturer offering innovative air conditioning and climate control solutions, with strong presence in both the USA and Canada.
• Honeywell International Inc. - Offers integrated HVAC controls and automation technologies aimed at improving energy efficiency and building performance across different sectors.
• Johnson Controls International plc - A dominant player offering smart HVAC systems and building automation technologies. The company is focused on sustainable energy solutions and smart infrastructure.
• Others- Several regional and niche companies are also contributing to the market, offering customised solutions for residential, commercial, and industrial applications. Their presence adds diversity and competitive edge to the overall market landscape.