Global Hydraulic Hoses Market Size, Trends & Growth Opportunity, By Product (Corrugated, Reinforced, Coiled, and Others), By Application Channel (Construction, Agriculture, Material Handling, and Others), By Region and Forecast from 2022-2027
Report ID : IR100726 | Industries : Energy & Power | Published On :March 2024 | Page Count : 15
Global Hydraulic Hoses Market Size, Trends & Growth Opportunity, By Product (Corrugated, Reinforced, Coiled, and Others), By Application Channel (Construction, Agriculture, Material Handling, and Others), By Region and Forecast from 2022-2027
Global Hydraulic Hoses Market
Global Hydraulic Hose Market was valued at USD 11.2 Billion in 2021 and which is expected to reach USD 15.5 Billion by 2027, at a CAGR of 3.93%, from 2022 to 2027.
Hydraulic hoses are primarily used to transport hydraulic fluid between valves, hydraulic components, actuators, and tools. This is made of thermoplastic material or rubber. Hydraulic hose transports fluid that generates force within hydraulic machinery. These are equipped with the necessary connections and are used to transmit fluid / fluid power within a hydraulic system while maintaining high pressure. These are used in a variety of industries, including the industrial, agricultural, and construction sectors.
Market Drivers
The rise in demand from various end-use industries such as mining and construction is expected to drive the global hydraulic hoses market over the forecast period. The increased demand for hydraulic hose in heavy duty construction equipment, trucks, and other applications that require greater flexibility, high power, and stronger bends is expected to fuel the global hydraulic hoses market growth. The increased use of hydraulic hose in agriculture for machinery such as harvesters, tractors, transport vehicles, and other machineries is a major factor driving the growth of the hydraulic hose market.
Ongoing technological advancements, increased R&D activities by manufacturers, and the penetration of major hydraulic hose manufacturers in developing economies are expected to drive the global hydraulic hoses market growth during the forecast period.
Market Restraints
Stringent environmental rules and regulations on hydraulic hose industrial production are a major impediment to the global hydraulic hose market's growth during the forecast period.
Market Segmentation
The Global Hydraulic Hoses Market is segmented into product, application, and region. Based on the product market is segmented into Corrugated, Reinforced, Coiled, and Others, by application market is segmented into Construction, Agriculture, Material Handling, and Others.
Also, the Global Hydraulic Hoses Market into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Regional Analysis
Because of the increased construction activity in cities such as Denver, Sacramento, Portland, and Atlanta, among others, North America emerged as the largest market Hydraulic Hoses Market. According to the Portland State Real Estate Quarterly, approximately 5,000 new residential units have been built since 2010, with an additional 3,000 residential units under construction in 18 projects.
Given the anticipated increase in demand for hydraulic hose in this region, the market in Europe accounted for a significant revenue share. In the hydraulic hose market, Asia Pacific has the highest revenue share. Over the forecast period, the Asia Pacific hydraulic hose market is expected to grow at a CAGR of more than 5%. The Asia Pacific hydraulic hose market is growing due to rapid development and increased investment in the construction sector.
Market Key players
Some key operating players are listed in this report such as Eaton Corporation, Parker Hannifin Corp, ContiTech AG, RYCO Hydraulics, Gates Corporation, Bridgestone Corporation, etc
Market Taxonomy
By Product
• Corrugated
• Reinforced
• Coiled
• Others
By Application
• Construction
• Agriculture
• Material Handling
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Hydraulic Hoses Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Hydraulic Hoses Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Hydraulic Hoses Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Hydraulic Hoses Market Share Analysis, By Product
5.3 Global Hydraulic Hoses Market Size and Forecast, By Product
5.3.1 Corrugated
5.3.2 Reinforced
5.3.3 Coiled
5.3.4 Others
6 Global Hydraulic Hoses Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Hydraulic Hoses Market Share Analysis, By Application
6.3 Global Hydraulic Hoses Market Size and Forecast, By Application
6.3.1 Construction
6.3.2 Agriculture
6.3.3 Material Handling
6.3.4 Others
7Global Hydraulic Hoses Market, By Region
7.1 Global Hydraulic Hoses Market Share Analysis, By Region
7.2 Global Hydraulic Hoses Market Share Analysis, By Region
7.3 Global Hydraulic Hoses Market Size and Forecast, By Region
8North America Hydraulic Hoses Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Hydraulic Hoses Market Share Analysis, By Product
8.3 North America Hydraulic Hoses Market Size and Forecast, By Application
8.4 North America Hydraulic Hoses Market Size and Forecast, By Country
8.4.1 U. S
8.4.2 Canada
8.4.3 Mexico
9Europe Hydraulic Hoses Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Hydraulic Hoses Market Share Analysis, By Product
9.3 Europe Hydraulic Hoses Market Size and Forecast, By Application
9.4 Europe Hydraulic Hoses Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Hydraulic Hoses Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Hydraulic Hoses Market Share Analysis, By Product
10.3 Asia Pacific Hydraulic Hoses Market Size and Forecast, By Application
10.4 Asia Pacific Hydraulic Hoses Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Hydraulic Hoses Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Hydraulic Hoses Market Share Analysis, By Product
11.3 Latin America Hydraulic Hoses Market Size and Forecast, By Application
11.4 Latin America Hydraulic Hoses Market Size and Forecast, By Country
12Middle East Hydraulic Hoses Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Hydraulic Hoses Market Share Analysis, By Product
12.3 Middle East Hydraulic Hoses Market Size and Forecast, By Application
12.4 Middle East Hydraulic Hoses Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Eaton Corporation
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Parker Hannifin Corp
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 ContiTech AG
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 RYCO Hydraulics
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Gates Corporation
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Bridgestone Corporation
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies