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Hydraulic Hose Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 360 | Report ID: MRS1022


Report Description

The global Hydraulic Hose market size is estimated at USD 1,370.6 million in 2020, expanding at a CAGR of 5.8% from 2021-2027.

Market Dynamics

Hydraulic Hose is a synthetic rubber protected by Teflon or thermoplastic hose which is designed to transfer fluid within hydraulic machinery such as levers, valves, and tools. Increasing growth in the modernized agricultural industry is replacing traditional with technological agriculture processes and is widely used in irrigation equipment. The hydraulic hose market is also positively impacting other end-use industries such as construction, mining, transportation, etc. The mining industry is expected to boost the demand for hydraulic hoses all across the world, especially in Asia Pacific, Latin America, and Africa. In addition, the growth in demand for evergreen buildings, as these buildings are specially designed to consume less energy is estimated to drive the market during the forecast period. However, less technological advancement and limited supply of raw material coupled with stringent environmental regulations on manufacturing of hydraulic rubber hose are the factors likely to hamper the hydraulic hose market during the forecast period.

Based on Product, the Corrugated and articulated segment is estimated to hold the largest market share during the forecast period. Corrugated hoses hold pressure surges or expansions caused by changes in external temperatures. Articulated hoses offer flexibility as they operate around corners or rotate around other components.

Based on material type, the Thermoplastics segment witnessed the largest market share during the forecast period as they are widely used in medium-to-high pressure hydraulic applications as it has an inner tube with one or more layers of reinforcement and a protective cover. The Teflon hose also shows significant growth during the forecast period. It has a broad range of chemical resistance, durability, flexibility, and non-aging characteristics.

Based on End-use, the Agriculture industry segment is projected to hold the largest market share in the Hydraulic Hose market during the forecast period due to modernization in agriculture equipment and the requirement of hydraulic hose in the agriculture industry. However, the transportation industry shows a significant growth rate in the hydraulic hose market by the end of 2027.

Regionally, North America holds the largest revenue share in 2020 and is estimated to register significant growth during the forecast period large-scale construction, reconstruction, and redevelopment projects by the government are expected to increase the demand for construction equipment, hence boosting the hydraulic hose market.

On the other hand, Asia-Pacific accounted for the significant growth rate during the forecast period as most of the populations in these regions have agriculture as their basic occupation along with industrialization, anticipated to fuel the market growth.

Some of the prominent players are Parker Hannifin Corp., Bridgestone Corporation, Eaton Corporation, Gates Corporation, Manuli Hydraulics, Yokohama Rubber Co. Ltd., RYCO Hydraulics Pty. Ltd., Continental AG, Hansa-Flex AG, Sumitomo Riko, Ouya Hose Corporation, Alfagomma Spa, Semperit AG Holding, Yokohama Rubber Co. Ltd., and Interpump group SpA, among others.

The report offers an overview of the Industry Chain structure, and it describes the industry environment in detail. Along with this, the proposed study analyses the market size and forecast of the Hydraulic Hose Market by product, material type, end-use, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Parker Hannifin Corp.
  • Bridgestone Corporation
  • Eaton Corporation
  • Gates Corporation
  • Manuli Hydraulics
  • Yokohama Rubber Co. Ltd.
  • RYCO Hydraulics Pty. Ltd.
  • Continental AG
  • Hansa-Flex AG
  • Sumitomo Riko
  • Ouya Hose Corporation
  • Alfagomma Spa
  • Semperit AG Holding
  • Yokohama Rubber Co. Ltd.
  • Interpump Group SpA

By Product Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Reinforced
  • Coiled
  • Corrugated and articulated
  • Others

By Material type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Rubber
  • Teflon
  • Thermoplastics
  • Others

By End-use Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Agriculture
  • Construction
  • Mining
  • Transportation
  • Others

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • Latin America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Hydraulic Hose market size is estimated at USD 1,370.6 million in 2020, expanding at a CAGR 5.8% from 2021-2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The worldwide market is characterized by the presence of large number of small scale and medium scale players.

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