Hydraulic Hose Market is Forecasted to Reach US$ 7.7 Billion in 2028, Says Stratview Research

The global hydraulic hose market is projected to witness a growth rate of 4.3% annually from 2023 to 2028, with an anticipated size of US$ 7.7 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global hydraulic hose market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 7.7 billion
Growth (CAGR): 4.3% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+

Segment Insights on the Hydraulic Hose Market:

The global Hydraulic Hose market is segmented based on End-Use Industry type, Reinforcement type, Pressure type, Tube Material type, Pressure System type, and Region.

Based on reinforcement type - The hydraulic hose market is segmented into wired-braided hoses, spiral-wired hoses, and textile-braided hoses. Wired-braided hoses are expected to remain the largest segment of the market during the forecast period, owing to increasing demand from medium- and high-pressure applications such as construction equipment, heavy-duty trucks, and fleet vehicle applications.

Moreover, wired-braided hydraulic hoses provide burst resistance as well as flexibility, making them a preferable choice for a wide array of industries. Spiral-wired hoses are expected to witness the highest growth during the forecast period, owing to increasing demand from applications where extremely high pressure is encountered, such as heavy-duty machinery like mining excavators and off-road dump trucks.

Based on end-use Industry type - The market is segmented into agriculture, construction, industrial/manufacturing, mining, transportation, oil & gas, and others. The construction industry dominates the hydraulic hose market, driven by factors such as growing urbanization, rapid investment towards infrastructure developments, and economic growth. Hydraulic hoses in the construction industry are used in equipment, such as excavators, dump trucks, loaders, bulldozers, and pavers, to withstand the pressures necessary for lifting heavy loads of construction materials.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3382/hydraulic-hose-market.html

Which Country Shows the Most Promising Growth Forecast and Opportunity?

Asia-Pacific is expected to remain the largest market for hydraulic hoses over the forecast period. In addition to that, the region is also likely to witness the highest growth in the coming years. Major factors, such as increasing construction activities owing to rapid urbanization and economic growth, expanding industrial sector, and huge capital investments towards automation and reducing carbon emissions are driving the growth of the hydraulic hose market in the region. China, India, South Korea, Japan, and ASIAN countries are the key economies playing a vital role in the region's market.

Hydraulic Hose Market Drivers:
Some of the key drivers listed in the report are given below.
• The growing construction industry and expanding transportation industry.
• Increasing capital expenditure in the mining industry and a surge in investment towards infrastructure development are likely to be the key demand generators for hydraulic hoses during the forecast period.
• Growth in the agriculture industry, modernization in agriculture equipment, and rapid urbanization and industrialization.

Top Companies in the Hydraulic Hose Market:
Stratview Research has identified the following companies as the top market players.
• Gates Corporation
• Danfoss
• Sumitomo Riko Company Limited
• Parker-Hannifin Corp.
• Bridgestone Corporation
• Continental AG
• Alfagomma S.p.A
• Semperit Group
• Manuli Rubber
• Yokohama Rubber
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Hydraulic Hose Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Explore more reports here:

• Transportation Hydraulic Hose Market: https://www.stratviewresearch.com/3384/transportation-hydraulic-hose-market.html

• Automotive Hoses Market: https://www.stratviewresearch.com/3817/automotive-hoses-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.