Hose Reels Market Size, Share, Growth, and Industry Analysis by Type (Spring Driven Hose Reels, Motor Driven Hose Reels, Manual Hose Reels), by Application (Agriculture, Fire Protection, Municipal Cleaning, Transportation Industry, Food Industry, Mechanical Industry, Others), Regional Insights, and Forecast To 2032

Updated On: 29 April 2024

Report Overview

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The global hose reels market size was 414.6 million in 2022. As per our research, the market is expected to reach USD 525.2 million in 2028, exhibiting a CAGR of 4.0% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with hose reels market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

Hose reel is a spindle designed from steel or plastic. It is often used to store the garden tidying device known as the hose. It can either be mounted on the ground or wall-mounted above floor level. The hose reel upsurges competence by permitting liquids and fluids to be distributed quickly and efficiently due to its handy location. The growing significance of agriculture in satisfying the needs of an increasing population is expected to excite demand for hose reels during the forecast period. Agriculturalists benefit from a hose reel irrigation system since it offers them better irrigation options. The system uses a flexible polyethylene hose to provide a controllable way of water circulation through overhead spraying. Agricultural fields and construction sites have to be prolonged in order to supply to the requirements of growing inhabitants. The hose reel normally confirms that there is proper distribution of water to help flourish the plant life. The demand for the end products from these industries is rising more foremost to expansion of these industries. It is also used in the gardening industry to provide water to plants through pipe rolled in a hose. Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the hose reels market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. The development of ecological and energy proficient hose reel products presents substantial prospects for market growth. The market is expected to grow in the future by rise in construction and mining activities it is also propelled by the introduction of innovative and advanced hose reel products which are capable of addressing specific industry requirements. The position of the segment fixed with the market size and trends are presented in this wide-ranging report analysis. Participating are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Companies coming up with progressive technological results for firming their positions.

COVID-19 Impact:  Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

COVID-19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID-19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

Segmentation 

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• By Type Analysis

According to type, the market can be segmented into spring driven hose reels, motor driven hose reels, manual hose reels.

Spring driven hose reels will capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into agriculture, fire protection, municipal cleaning, transportation industry, food industry, mechanical industry, others.

Hose reels market players cover segment as agriculture will dominate the market share during forecast period.

Driving Factors

"Increasing Demand In Agriculture Sector To Boost The Market Growth"

Hose reels are created to assist farmers in growing their output. Rise in reputation of agriculture in association to the growing inhabitants needs is unquestionably expected to push the demand in the future. The demand for hose reels is motivated by the growth of these industry which is anticipated to enhance market growth. Farmers can use to boost the production of their agricultural land.

"Strict Rules And Regulations To Upsurge The Market."

Strict rules and regulations by governments for all commercial and industrial workplaces to provide safety against fire is projected to fuel the demand for hose reel during the estimate period.

Restraining Factor 

"High Cost Of Maintenance To Hamper The Market Growth"

High cost is hampering development of hose reels market. High maintenance cost, and upkeep condition are involved in the restraining factors. Lack of knowledge is also another factor which is depleting the market growth. Technical difficulties will reduce the industry revenue.

Regional Insights

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"North America To Dominate The Region Due To Rising Infrastructural Activity"

North America is further expected to witness growth in the hose reels market share. The region is dominating the market due to rising infrastructural activities within the region. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

Key Industry Players

"Key Players Focus On Partnerships To Gain Competitive Advantage."

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• Nederman (Sweden)
• Reelcraft (U.S.)
• Hannay Reels (U.S.)
• Stemmann-Technik (Germany)
• Conductix-Wampfler (Germany)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.