Fire Hose Market size is estimated to surpass USD 9 Billion by the end of 2035, growing at a CAGR of 9% during the forecast period i.e., 2023-2035. In the year 2022, the industry size of fire hose was USD 5 Billion.
This growth of the market is impelled by the growing prevalence of residential fire accidents. For instance, there are thought to be about 358,499 residential fires each year. Hence, the demand for fire hoses is growing.
Moreover, owing to the growing awareness regarding fire safety, a large number of homeowners and communities are taking steps to safeguard their residences from fire. Hence, the adoption of fire hoses in their home or their residential building is on the rise.
Growth Drivers
Challenges
Base Year |
2022 |
Forecast Year |
2023-2035 |
CAGR |
~9% |
Base Year Market Size (2022) |
~ USD 5 Billion |
Forecast Year Market Size (2035) |
~ USD 9 Billion |
Regional Scope |
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Application (Municipal Fire Services, Residential, Commercial)
Fire hose market from the municipal fire services segment is projected to generate the highest revenue by the end of 2035. Given their crucial function in controlling large-scale fires, fire hoses are essential to the municipal fire service sector. These structures are vulnerable to severe life losses owing to fire dangers since government organizations are needed to host a large number of guests in their daily activities. Therefore, government buildings must use effective fire hoses to prevent injury and property damage.
Product Type (Attack Hose, Supply Line Hose, Booster Hose)
The attack hose segment is projected to have significant growth over the projected period. This is since this type of hose makes it easy for the firefighters to transit the fire.
Our in-depth analysis of the market includes the following segments:
Product Type |
|
Application |
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APAC Market Statistics
The Asia Pacific fire hose market is poised to have the highest growth by the end of 2035, backed by growing urbanization. Asia's urban population is projected to increase by 50% by 2050. Hence, the demand for fire hose is growing in residential and non-residential sectors in Asia Pacific. Moreover, the various key players are setting up their facilities in countries such as Thailand, Malaysia, and Vietnam owing to the easy availability of skilled labor along with low-cost raw materials.
North America Market Forecast
The North America fire hose market is estimated to have remarkable growth over the forecast period. This region is highly prone to forest fire owing to its changing climate, further boosting demand for fire hose.
Author Credits: Rushikesh, Richa Gupta
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