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Asia-Pacific Hydraulic Hose Market 2020 Growth, COVID Impact, Trends Analysis Report 2026

01-13-2021 08:26 AM CET | Industry, Real Estate & Construction

Press release from: Orion Market Research

Asia-Pacific Hydraulic Hose Market

Asia-Pacific Hydraulic Hose Market

Asia-Pacific hydraulic hose market is projected to grow at a at a CAGR of 5.8% CAGR during the forecast period (2020-2026). The market growth is mainly driven by the growing construction activities in various countries such as India, China, South Korea ASEAN, and others. China is one of the major countries that significantly invest in infrastructure projects, which results in the development of commercial and domestic buildings in the country. China is the largest populated country which increases the challenges of insufficient availability of land and thereby supporting the construction of tallest buildings. By 2050, it is projected that the country will have added 255 million urban dwellers (as per the United Nations).

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The significant rise in the population is expected to make a huge contribution towards the demand for infrastructure development in the region. The infrastructure development is expected to promote the huge adoption of hydraulic hose in the construction sector which in turn will drive the growth of the market in the region. There is increasing urbanization in the emerging economies including India, Bangladesh, and ASEAN countries. In some of the emerging countries such as Thailand, the urban population was 49.9% in 2018, as per the World Bank. The level of urbanization in the Philippines is 46.9% in 2018. Thus, rapid urbanization is expected to increase the infrastructure projects for high-rise buildings and apartments in these countries, which in turn, will offer an opportunity for the adoption of hydraulic hoses for the construction sector.

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European hydraulic hose Market – Segmentation
By Product Type
• Articulated
• Reinforced
• Coiled
• Other (Corrugated)

By Industry
• Agriculture
• Construction & Mining
• Manufacturing
• Others (Pharmaceuticals)

European Hydraulic Hose Market – Segmentation by Region
• China
• India
• Japan
• Rest of Asia-Pacific

Company Profiles
• ALFAGOMMA Spa
• Bridgestone Corp.
• Continental AG
• Eaton Corporation plc
• Hose-tech Ltd.
• HeBei Jingbo Petroleum Machinery Co., Ltd.
• Mithra Fluidtrans Pvt. Ltd.
• Manuli Hydraulics Group
• Parker-Hannifin Corp.
• Ryco Hydraulics Pty Ltd.
• Semperit Group
• Sumitomo Riko Co. Ltd.
• The Yokohama Rubber Co., Ltd.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/asia-pacific-hydraulic-hose-marke

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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