Hydraulic Hose Market is Forecasted to Reach US$8.5 Billion in 2031, Says Stratview Research

The global hydraulic hose market size was valued at US$6.5 billion in 2024, and is projected to reach US$8.5 billion by 2031, witnessing a market growth CAGR of 4.1% from 2024 to 2031, 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 industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics

Market Size in 2024: US$6.5 billion
Market Size in 2031: US$8.5 billion
Growth (CAGR): 4.1% during 2024-2031
Leading Tube Material Type: Elastomer/Rubber
Leading Pressure-System Type: Static Pressure
Leading Pressure Type: High-Pressure Hoses
Leading Reinforcement Type: Wire-Braided Hoses
Leading End-Use Industry Type: Construction
Leading Region: Asia-Pacific
Forecast Period: 2024-2031
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Hydraulic Hose Market:

The global hydraulic hose market is segmented based on Tube Material type, Pressure-System type, Sub-Platform type, Pressure type, Reinforcement type, End-Use Industry type, and Region.

Based on Pressure Type -

Based on pressure type, the hydraulic hoses market is segmented into low-pressure hoses, medium-pressure hoses, high-pressure hoses, and extremely high-pressure hoses. High-pressure hydraulic hoses are anticipated to capture the largest share of the hydraulic hoses market during the forecast period, primarily due to their extensive use in demanding applications that require the transmission of hydraulic fluids under significant pressure. These hoses are widely utilized in industries such as construction, mining, oil & gas, industrial manufacturing, and transportation, where hydraulic systems must generate substantial force to operate heavy machinery and equipment. Applications like lifting, drilling, excavation, and material handling depend on the reliable performance of high-pressure hoses to ensure both safety and efficiency.

The continued expansion of infrastructure development projects, growth in mining and energy exploration activities, and increasing use of advanced construction machinery are key drivers fueling the demand for high-pressure hoses. These hoses are preferred for their ability to withstand elevated working pressures while maintaining durability and flexibility, making them suitable for a variety of harsh and dynamic operating environments. Their robust construction helps prevent failures under high load conditions, which is critical for minimizing downtime and maintenance costs in high-value operations.

Based on the Material Type -

By material type, the hydraulic hoses market is segmented as elastomer/rubber, thermoplastics, and other materials. Elastomer/rubber hydraulic hoses are projected to be the most widely used material type in the hydraulic hoses market during the study period. This is largely due to their exceptional flexibility, which makes them easy to install and ideal for use in dynamic applications where movement, bending, or vibration is common. The inherent elasticity of rubber allows these hoses to perform well in tight or complex spaces, supporting the functional requirements of modern hydraulic systems across a range of industries.

Another key factor driving the preference for elastomer/rubber hoses is their broad chemical compatibility and resistance to various fluids. Rubber hoses can effectively convey hydraulic fluids such as mineral oils, petroleum-based products, water, and certain synthetic fluids, without degrading in performance or structural integrity. This versatility makes them suitable for applications in industries like construction, agriculture, mining, oil & gas, and transportation, where exposure to different types of fluids is common.

In addition, elastomer/rubber hoses typically offer good abrasion resistance and weather durability, enabling them to withstand harsh environmental conditions often encountered in outdoor and heavy-duty operations. Their cost-effectiveness, proven reliability, and ease of availability further contribute to their dominant position in the hydraulic hoses market. As a result, elastomer/rubber will likely continue to be the material of choice for hydraulic hose manufacturers and end users during the forecast period.

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The Asia-Pacific region is expected to dominate the hydraulic hoses market during the forecast period, driven by a combination of rapid urbanization, economic growth, and industrial expansion across key economies such as China, India, South Korea, and Japan. The region is witnessing significant growth in construction activities fueled by large-scale investments in infrastructure projects, including residential and commercial buildings, transportation networks, smart cities, and utilities. The increasing demand for construction machinery and heavy equipment, which rely heavily on hydraulic systems, directly contributes to the rising consumption of hydraulic hoses.

In addition to the construction boom, the region's industrial and manufacturing industries are expanding at a robust pace, supported by strong government initiatives and capital inflows. Industries are increasingly adopting automation technologies and advanced machinery to improve productivity and operational efficiency, further driving the demand for reliable hydraulic hoses in various applications, from material handling to precision manufacturing.

Hydraulic Hose Market Drivers:

Some of the key drivers listed in the report are given below.

- The robust growth of the construction industry, fueled by large-scale infrastructure development projects worldwide, continues to generate substantial demand for hydraulic hoses.

- The expansion of the transportation industry, coupled with rising capital expenditure on mining activities, contributes significantly to market growth.

- The agriculture industry is also a key contributor, with increasing mechanization and the modernization of equipment creating a greater need for hydraulic solutions.

- Rapid urbanization, industrialization, and sustained investments in various industrial and infrastructure projects across emerging and developed economies are expected to propel the demand for hydraulic hoses in the coming years.

Top Companies in the Hydraulic Hose Market:

The global market for Hydraulic Hose is highly concentrated, with the top four companies capturing a lion's share. Apart from technological expertise and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. Stratview Research has identified the following companies as the top market players:

- Parker Hannifin Corp.
- Danfoss
- Manuli Ryco Ltd.
- Gates Corporation
- Bridgestone Corporation
- Pirtek Group
- Eaton Corporation plc
- ALFA GOMMA Spa.
- HANSA?FLEX AG
- Yokohama Industries
- Semperit AG Holding
- Kurt Hydraulics

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

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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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