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Hose Pipe Market Trends and Forecast

The future of the hose pipe market looks promising with opportunities in the construction, automotive, oil & gas, food & beverages and agriculture end use industries. The global hose market is expected to reach an estimated $39.9 billion by 2030 with a CAGR of 5.9% from 2024 to 2030. The major drivers for this market are increasing demand for construction machineries across the world, rapid urbanization, and growth in the building and construction sector.