Hydraulic Hose Market Growth and Trends
Hydraulic Hose Market was estimated at USD 1.74 Billion in 2018 and is anticipated to reach USD 2.45 Billion by 2025, evolving at a compound annual growth rate of 4.3% from 2019 to 2026. The progress started in 2017 where the market was first valued at USD 9.8 billion and then expanded at a growth rate of 5.23% straight to 2018. The pace of its growth shall be closely monitored annually due to any significant fluctuations within the forecast period.
Some factors acting as driving forces to Hydraulic Hoses include:
• The construction in more buildings under the green concept that require hydraulic hoses to serve their numerous water sprinklers. Energy-efficiency is the practice these constructions go with which creates a positive impact and increases the need for this market so that there is minimum consumption of energy
• The rising demand in the agriculture and industrial sectors. The advanced demand in food consumption has empowered the agriculture industry to improve its crop yields and to start yielding much faster and more developed cultivation, therefore boosting the demand for hydraulic rubber hoses in large numbers.
• Its utilization in transferring fuel and air for constructional materials.
• For the convenience of fluids, the hydraulic rubber hoses are widely used in the chemical industry. Other industries include the pulp and paper industry, and the material handling industry. This is because each industry is anticipating their profit by using the hydraulic hoses market to run their operational efficiencies.
• The growth of the greenhouses implementing hydroponics. Even greener and purer environments that require the transfer of water at a rate of more than 20 times a day to ensure proper maintenance.
• The need to surge pressure as required under various work conditions. The hydraulic hose is used because it can help the end-users to maintain speed and monitor the movement of machines as required.
• The reduction in vibration effects in factories and work plants.
• The demand enforced from the other end-use industries such as transportation.
• Its abundancy globally.
• Minimization of artificial energy that has been kept conserved.
Challenges:
Some challenges forecast towards this market include:
• The innovation of thermoplastic hoses which is the one major challenge that not only is a challenge but, even threaten the economic growth rate of the hydraulic hose market
• How it is It is better in comparison include reasons like:
- How portable and light weight thermoplastic hoses are
- Reduced diameters so it is easy to meddle with.
- Could be routed in restricted and enveloped in small areas
- Non-degradable so there is no fear of wearing away with time unlike hydraulic hoses
- Faster response to stress, pressure exerted in excess due to the smaller elongation of properties compared to hydraulic hoses.
- Safer handling. No cutting or blade-like sharp material are used in production so also keeps the working environment clean.
- Smaller volumetric expansion thus, increased need by industries like construction.
Hydraulic Hose Industry Regional Analysis
Hydraulic Hose Market Research Report Scope/Definition
For the purpose of this market research, a hydraulic hose is defined as a manufactured or synthetic pipeline that carries fluid to relay force within a hydraulic machine under high pressure. Hydraulic hoses are used widely in situations where it is difficult to have a strong pipeline installed. Hydraulic hoses are primarily needed to allow movement between two port locations or decrease the side effects of vibration. The hydraulic hose can, however, be used in smaller-scale scenarios, such as the smooth installation of hose manufacturing machinery. Because they are flexible, it becomes easy to line them up with ports that are not well matched and where the pipe is required to be accurate to fit the installation. Hydraulic high-pressure hoses are not limited to transferring energy;they can move other products such as mud, which can be delivered quickly under pressure.Hydraulic hoses are employed in a wide range of industrial applications where both pneumatic and hydraulic circuits are required, such as in farm machinery, mining machinery, aircraft sector, and construction machinery.
Hydraulic Hose Market Share and Competition
Key companies operating in this industry are: Parker, Manuli, Alfagomma, Yokohama Rubber, Gates, Bridgestone, Eaton, Semperit, HANSA-FLEX, Sumitomo Riko, Continental, RYCO, Kurt, LETONE-FLEX, Dagong, YuTong, Ouya Hose, Jintong, JingBo, Yuelong, Luohe YiBo, Hengyu, and More
Hydraulic Hose Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2021 - 2028)
• Spiral wire hydraulic hose
• Wire braided hydraulic hose
Application Analysis (Revenue, USD Million, 2021 - 2028)
• Engineering Machinery
• Mining Industry
• Industrial
• Others
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Hydraulic Hose Industry Companies
• Parker
• Manuli
• Alfagomma
• Yokohama Rubber
• Gates
• Bridgestone
• Eaton
• Semperit
• HANSA-FLEX
• Sumitomo Riko
• Continental
• RYCO
• Kurt
• LETONE-FLEX
• Dagong
• YuTong
• Ouya Hose
• Jintong
• JingBo
• Yuelong
• Luohe YiBo
• Hengyu
Available Versions of Hydraulic Hose Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report
