Registering a CAGR of 5.9% over the forecast period of 2021-2026, the global hydraulic hose market is anticipated to reach the market value of US$ 3042.6 million in the year 2026 from US$ 2036.9 million in the year 2020.
Hydraulic Hose Market Overview
A hydraulic hose is basically a synthetic rubber hose that can sustain high pressure. The hydraulic hose is primarily used to conduct fluid power within hydraulic machinery. A hydraulic hose consists of middle rubber layer, steel wire spiral layer, inner rubber protection layer, and external rubber cover. The inner rubber protection layer is liquid-resistant and it protects the steel wire spiral layer from corrosion. The external rubber cover protects the steel wire spiral layer in case of damage whereas the steel wire spiral layer plays a role like bones of humans.
The factor which is expected to create the growth for the market is the growth of the evergreen agriculture industry that is replacing traditional with mechanized agriculture processes.
However, over the forecast period, strict environmental rules and regulations on the manufacturing of hydraulic hose remains a restraint that is expected to hinder the market growth.
Who are the major players in Hydraulic Hose market?
Top key players in the Hydraulic Hose market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Hydraulic Hose market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include 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 others.
Industry News and Updates:
Recent developments-
Yokohama Rubber to expand production capacity for high-pressure hydraulic hoses in China
2021-The Yokohama Rubber Co., Ltd., announced today that it will increase the production capacity at Yokohama Industrial Products–Hangzhou Co., Ltd. (Hangzhou City, Zhejiang Province), its subsidiary in China engaged in the production and sales of high-pressure hydraulic hoses. The total planned capital investment amount is RMB 76 million (approx. JPY 1.3 billion) *. The production line for spiral wire hoses, which are mainly used in construction machinery, will be expanded by stages, with production capacity nearly tripling by September 2022.
What are the major Applications, Types, and Regions of the Hydraulic Hose Market?
The market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- Spiral wire hydraulic hose
- Wire braided hydraulic hose
- Others
By Application, it is segmented into
- Engineering Machinery
- Mining Industry
- Industrial
- Others
Hydraulic Hose Market Regional Analysis
North America emerged as the largest market Hydraulic Hoses Market owing to the increase in construction activities in cities such as Denver, Sacramento, Portland, and Atlanta etc. The market is Europe accounted for significant revenue share due to the increase in demand for the hydraulic hose is anticipated to increase in this region.The Asia Pacific market accounts for the highest revenue share in the hydraulic hose market. The Asia Pacific hydraulic hose market is expected to hold the highest CAGR of over 5.6% over the forecast period. Rapid development & increasing, investment in the construction sector are key factors driving the growth of the Asia Pacific hydraulic hose market. Hydraulic Hose Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Hydraulic Hose Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Hydraulic Hose Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Hydraulic Hose Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Hydraulic Hose Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 5.9% over the forecast period (2022-2027)
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By Type
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- Elderly
- Obese
- Handicapped
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By Application
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- Household
- Commercial
- Healthcare
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By Companies
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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 others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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133
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Hydraulic Hose Report
- Evaluate Hydraulic Hose market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Hydraulic Hose market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Hydraulic Hose Market is studied from 2017 - 2027.
What is the growth rate of Hydraulic Hose Market?
The Hydraulic Hose Market is growing at a CAGR of 5.9% over the next 5 years.
Who are the key players in Hydraulic Hose Market?
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 others.
What regions does this Hydraulic Hose Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Hydraulic Hose Market?
Spiral wire hydraulic hose, Wire braided hydraulic hose
What are the major end-use applications of the Hydraulic Hose Market?
Engineering Machinery, Mining Industry, Industrial, Others
All our reports are customizable to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
