The global market for hydraulic hose was valued at US$ 9.8 Bn in 2017. The market is forecast to expand at a CAGR of 5.23% by value during the forecast period, 2018-2027.
Hydraulic hose is the replacement of the rigid pipes specially designed to transfer fluid to or among different hydraulic components such as actuators, valves, and tools. The industrial hydraulic system usually operates at high pressure, and therefore, the hydraulic hose is often reinforced with several construction layers and are flexible. The important parameters such as dimension, construction options, performance specifications, and features are required for the hydraulic hose to use in different end-use industry. The dimensional parameters important for hydraulic hose selection are outside and inside diameters and minimum bend radius.
Drivers & Restraints
The growth of the evergreen agriculture industry which is replacing traditional to mechanized agriculture processes is likely to create a growth opportunity for the hydraulic hose market. The hydraulic hose is widely used for various agriculture purposes mainly irrigation equipment. The modernization in agriculture equipment and requirement of hydraulic hose in the agriculture industry is expected to grow in the near future. The agriculture industry growth in countries such as the US, China, India, and Australia with a significant pace is likely to drive the growth of the hydraulic hose market in the forecast period.
The requirement of hydraulic hose for high-pressure hydraulic oil lines in agriculture, machine tool and construction industry is likely to contribute to the growth of the market.
In the mining industry, the hydraulic hose is used in different equipment such as dozers, hydraulic shovel, scrappers, drill rigs, haul trucks, hydraulic shovels, and water trucks. The hydraulic hose provides the required working pressure to different machines. The hydraulic hose is used for both surface mining and under growing mining processes. The growing mining industry is anticipated to contribute to the significant growth of the hydraulic hose market.
The main application of the hydraulic hose is to surge pressure as required according to the work conditions. The hydraulic hose is used by hydraulic machines to create low-speed torque and maintain speed and movement of the machines. Hydraulic hoses are used for different purposes including the reduction in the effects of vibration or providing the movement gap between two port locations. Moreover, the hydraulic hose can also be used for ease of installation or availability of hose manufacturing equipment.
The growing construction industry equipment also inclines for the use of hydraulic hose in machines such as bulldozers, backhoes, wheel loader, and excavators and others. The demand for the hydraulic hose is estimated to grow at a substantial rate from the construction industry owing to the requirement of high operating pressure and maximum abrasion resistance to the equipment. Moreover, the demand driven from the other end-use industries such as transportation industry is likely to boost the market growth in the forecast period.
North America, prominent Producer and Consumer of the Hydraulic Hose
North America is estimated to account for considerable value share in the global hydraulic hose market in the year 2017, and the market share (US $) is anticipated to get near about one and half times during the forecast period, 2018-2027. The continent is steered by the maximum production of hydraulic hose and will continue to demand maximum for hydraulic hose.
Moreover, the growth of construction and agriculture industry in the APEJ region is likely to boost the overall market. A market value gets almost double in 2027 makes the Asia Pacific the behemoth in the hydraulic hose market across the globe
Agriculture Industry to be Most Popular End-Use Application Industry in the Hydraulic Hose Market
Among the different end-use application industry of the Hydraulic Hose market agriculture industry end use application have quite more share than the construction and mining end use application which is probably growing with modest growth rate during the forecast period, however transportation industry shows considerable growth rate over the forecast period in hydraulic hose market by the end of 2027.
Global Hydraulic Hose Market: Competition Dashboard
Fact.MR has profiled some leading companies in the Hydraulic Hose market such as Bridgestone Corporation, Parker Hannifin Corporation, Alfagomma Spa, Eaton Corporation, Gates Corporation, Ryco Hydraulics - Fluid Conveying Technology & Innovation, Manuli Hydraulics, Hansa-Flex Ag and others located across the globe
The prominent market players in hydraulic hose market are concentrating on the extension of their production abilities and vertical integration for business development. Moreover, the players are investing to expand the distribution network and empower the business relationship. The marketing strategy by manufacturers is expected to contribute for the growth of hydraulic hose market in the forecast period, 2018-2028.
Global Hydraulic Hose Market: Key Insights
The hydraulic hose market has grown consistently at a growth rate of 5.23% by value, and the market has been escalating at a moderate pace. The growth of agriculture sector impacts the demand for hydraulic hose and also increases the market competitiveness.
The hydraulic hose market is envisioned to observe an impressive rise in the forecast period 2018 to 2027, according to a new Fact.MR study. The study propounds key trends that are currently shaping the growth of the hydraulic hose market. This newly published and insightful report sheds light on key dynamics, which are expected to transform future of the hydraulic hose market, in turn creating lucrative avenues for prominent companies as well as emerging players associated with the manufacturing of Hydraulic hose.
The hydraulic hose market study is an intricate market intelligence on key revenue growth determinants, challenges, industry trends, and opportunities, which will eventually influence the growth trajectory of the hydraulic hose market. The report initially imparts an overview of the hydraulic hose market, considering current and future growth in industry prospects, to unveil attractive facets appertaining to the adoption of Hydraulic hose across key regional markets.
An in-depth assessment on few of the hydraulic hose manufacturers offered in the report enables the report readers to gain detailed insights that have derived from the business performance, and value chain analysis across the regional markets incorporated in the report. A list of key companies operating in the Hydraulic hose market provided in the report adds to the credibility of this exhaustive research study
Hydraulic hose Market: Report Summary and Scope
The study offers detailed intelligence on different factors influencing demand, sales, and revenue generation in the hydraulic hose market around the world. The opportunity analysis included in the report is beneficial for the readers to understand better opportunities in the food and beverage sector, which will, in turn, trigger the adoption of the Hydraulic hose. An elaborated cost structure analysis provides the report with innate completeness, and study offered on the cost structure involves all the regional markets incorporated
A detailed forecast on the Hydraulic hose market has also been offered by the analysts, who have categorized the market forecasts concerning a likely scenario, conservative scenario, and an optimistic scenario regarding production and sales of the Hydraulic hose during the period of forecast. Analysis and assessment of price point by region and different types of Hydraulic hose have included in this study. The study also exerts details on aspects impacting pricing strategies of the manufacturers of Hydraulic hose Segmentation of the Hydraulic hose market has provided in the form of a taxonomy table in the report.
Hydraulic hose Market: Analysis of Market Size Evaluation
Current and prospects of the Hydraulic hose market, containing current as well as future projected values forecast, and analysis on region-wise demand trends have incorporated in the report. Assessment offered on the factors mentioned above is comprehensive, and dedicated weighted chapters have delivered on the same.
Market valuation at global and regional scale for the hydraulic hose is offered in terms of “US$ Mn.” And A Y-o-Y growth comparison on key hydraulic hose market segments, along with the market attractiveness assessment quantifies insights delivered in the report. Aforementioned metrics are also tracked based on hydraulic hose product types, consumer orientation, form and sales channel where hydraulic hose witnesses’ consistent demand.
Hydraulic Hose Market: Scrutinized Assessment on Regional Segments
Weighted chapters have included in the report on the hydraulic hose market, which imparts forecast on the regional markets. These chapters illuminate the regional macros (business, economic, and political environment outlook), which are most likely expected to have a significant impact on the growth of the hydraulic hose market in the near future. We have included regions such as North America, Latin America, Europe, Japan, APEJ and MEA in our detailed report.
Country-specific assessment on demand for the hydraulic hose has provided for each regional market, along with the market size valuation and forecast, and impact analysis of key regional and country-wise dynamics. Y-o-Y growth projections have also offered on all regional markets incorporated in the report. Moreover, we also included the segment wise assessment on demand for the hydraulic hose market for every region.
Hydraulic Hose Market: In-depth Analysis of Competitive Landscape
The report concludes with a weighted chapter on the competitive landscape of the Hydraulic hose market, which profiles key companies contributing to the market expansion. Up-to-date and essential data as well as knowledge related to the market players, who predominantly engage in the production and distribution of the Hydraulic hose, has been delivered with the help of a dashboard view. Market share comparison and analysis of these market players offered in the report enables the report readers to devise strategic steps forward for their businesses.
Company profiles have incorporated in the report, which exerts details such as manufacturing of Hydraulic hose, along with a product line and brand mapping of each player identified together with the company strategies identification and analysis. The intensity mapping of the market players operating in the Hydraulic hose market provides readers with actionable intelligence, which helps in understanding the current market status, and prospects determining competition levels in the Hydraulic hose market.
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