Press release
Hydraulic Rubber Hose Market Expected to reach US$ 1,002.0 Mn by 2022, Globally
The global hydraulic rubber hose market was valued at US$ 697.8 Mn in 2013 and the market is anticipated to grow at a CAGR of 4.2% during the period from 2014 to 2022 to reach an estimated value of US$ 1,002 Mn by 2022. Currently, hydraulic rubber hoses are witnessing high demand from construction and industrial sectors. The availability of hoses that can withstand challenging environment at the construction sites is the major factor responsible for high demand for hydraulic rubber hoses in this sector. Moreover, industrial sector demands reliable hoses that can ensure the safety of workers by preventing hose bursts and leaks. The market has also been witnessing demand from replacement of old hoses since they have a limited lifespan.
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Based on geographic regions, the hydraulic rubber hose market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In terms of regional adoption, Asia Pacific held the highest market share in the global hydraulic rubber hose market in 2013. This dominance is attributed to the high growth in construction activities that has led to increase in the number of construction projects.
The hydraulic rubber hose market is highly fragmented and no player has strong hold on the global market. Key manufacturers of hydraulic rubber hoses continuously strive to bring innovative products that meet the varying needs of individual industries. These prominent players are also focusing on strengthening their distribution network and thereby increase their global presence. Some of the key players in the global hydraulic rubber hose market include Polyhose India Pvt. Ltd., RYCO Hydraulics, Gates Corporation, HIC International Co., Manuli Rubber Industries, Piranha Hose Products, Inc., Transfer Oil S.p.A., Parker Hannifin Corp., Kurt Manufacturing, Eaton (Synflex), Koman Hydraulic Co., Ltd. among others.
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This report analyzes the global hydraulic rubber hose market in terms of revenue (US$ Mn). The market has been segmented as follows:
Hydraulic Rubber Hose Market, by Application:
Agriculture Machinery
Lubrication Lines
Construction Machinery
Industrial and Material Handling Equipment
Power and Telephony Mobile Equipment
Others (Hydraulic Lifts, Blowout Preventer Control Lines, etc.)
Hydraulic Rubber Hose Market, by Type:
Standard Hydraulic Rubber Hose
High Pressure Rubber Hose
Medium Pressure Rubber Hose
Low Pressure Rubber Hose
Mining Hose
Steam Hose
Air Hose
Spiral Hose
Others (Water Blast Hose, Fuel Hose, etc.)
Hydraulic Rubber Hose Market, by Geography:
North America
Europe
Asia-Pacific
Middle East and Africa (MEA)
Latin America
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