Global Hydraulic Hose Market Outlook 2018-2023

Global Hydraulic Hose Market is expected to witness significant growth in the forecast period owing to the increasing industrialization and rise in number of construction projects on the global scale. Hydraulic hose is specially designed to transfer hydraulic fluid to the other hydraulic components, actuators, tools, and valves. It is flexible in nature, often secured with several layers of protection since hydraulic systems normally operate at high pressures. They are majorly used to reduce vibration effects or to enable movement in two port locations. Hydraulic hoses potentially change forces from few ounces pressure to hundred tons of output.

Hydraulic hose market is majorly driven by the increasing demand for modern agricultural equipment. Additionally, increase in demand for coal mining, upcoming projects in thermal power energy, increasing use in military and industrial segment are accelerating the demand for hydraulic hose, thereby boosting the market growth. 

Moreover, governments’ emphasis on irrigation techniques and initiatives for water conservation due to water scarcity in developing as well as developed economies are expected to fuel hydraulic hose market. However, the growth of hydraulic hose market is hampered by the rise in demand for thermoplastic hoses for multiple applications.

The major trends witnessed by hydraulic hose market is accessibility of hydraulic hose through online portals, which ultimately affects the market growth. Hence, market players are using these portals to increase their client base and meet the demands of several industries.

Hydraulic hose market is categorized on the basis of type, application, and geography. On the basis of type, the market is divided into wire braided hydraulic hose and spiral wire hydraulic hose. Wire braided hydraulic hose segment is expected to hold larger share of hydraulic hose market owing to its increasing applications in mine projects, automatic hydraulic systems of oil field exploiting machine, mine hydraulic bracket and other industrial purposes.

In terms of application, hydraulic hose market is split into industrial application, engineering machinery, mining and others. Industrial application segment leads among other applications owing to features by hydraulic hose like fabric-braided, steel-braided, oil and weather-resistant and spiral wire features. Geographically, the market is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific region is predicted to dominate hydraulic hose market due to growing construction activities and increasing use in mining activities in developing economies.

The major players in hydraulic hose market comprises Parker, Bridgestone, Gates, Manuli, Semperit, HANSA-FLEX, Kurt, Eaton, Continental, Alfagomma, RYCO, Hengyu, Ouya Hose, Sumitomo Riko, LETONE-FLEX, Jintong, Yokohama Rubber, Dagong, JingBo, Luohe YiBo, YuTong, and Yuelong.

Global hydraulic hose market is anticipated to grow at a CAGR of 6.1% by 2023, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (construction, agriculture, automotive, material handling, mining, etc.), by products (replacement, first-fit, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the Hydraulic Hose market on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the Hydraulic Hose market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Hydraulic Hose market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global Hydraulic Hose market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global Hydraulic Hose market.

Key Applications
- Construction
- Agriculture
- Automotive
- Material Handling
- Mining

Key Types
- Replacement
- First-Fit

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
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Key Questions Answered in this Report
- What will the market size be in 2023?
- What are the key factors driving the global Hydraulic Hose market?
- What are the challenges to market growth?
- Who are the key players in the Hydraulic Hose market?
- What are the market opportunities and threats faced by the key players?