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The global hydraulic hose industry reached a value of about USD 2.25 billion in 2023. The industry is further expected to grow at a CAGR of about 4.4% in the forecast period of 2024-2032 to reach a value of around USD 3.31 billion by 2032.
The Asia Pacific region is among the dominating regions for hydraulic rubber hose. It is mostly due to the fact that agriculture is the primary activity of the majority of the people in these regions, which, combined with the development in industrialisation, has given the market a boost. The expansion in industrialisation has also improved the production of automobiles and construction work in the region. The dominance of this region is because of increasing mining activities in emerging economies such as India and China.
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Also, coal mining activities in China has increased drastically, which is again adding enormous growth to the regional market. The rise in agriculture activities, coupled with advancement in the industry in emerging economies such as India, China, and others further provides significant growth opportunities to the hydraulic hose market.
With the increase in building activity in places such as Denver, Sacramento, Portland, and Atlanta, North America is expected to account for a significant value share in the worldwide hydraulic hose market. Hydraulic hose production is at an all-time high on the continent, and demand for the hydraulic hose is expected to continue to rise.
The COVID-19 pandemic has severely impacted the global economy and all industries throughout the globe. This is due to the disruption of the global supply chain. A sharp drop in demand for products has led to a decline in economies around the world. Moreover, owing to the shortage of raw materials caused by the pandemic, production in hydraulic hose industries has been restricted. The decline in exports and disruptions in the supply chain during COVID-19 are the major factors that contribute to the decline in the production of hydraulic hoses.
The hydraulic rubber hose is made of rubber or thermoplastic material. It transports the fluid that causes the hydraulic machinery to exert force. The hose is made up of three layers to protect it from weather, abrasion, and oil or chemicals: the inner layer, the reinforcing layer, and the outer protective layer. Hydraulic hoses are used in a variety of industries, including manufacturing, agriculture, and construction, among others. Because of the changing climate, the hydraulic hose's durability is limited, resulting in abrasion.
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By product, the market is divided into:
The leading application of the market includes:
The regional markets for hydraulic hose industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The demand for the hydraulic hose is estimated to grow substantially from the construction industry due to the requirement of high operating pressure and maximum abrasion resistance to the equipment. The growing construction industry equipment also inclines hydraulic hoses in machines such as bulldozers, backhoes, wheel loaders, excavators, and others. The growth in demand for energy-efficient green buildings is also anticipated to positively impact the market, as these buildings are specifically designed to consume minimal energy. Furthermore, the enhanced demand in food consumption has enabled the agriculture industry to improve its crop yields, boosting the demand for hydraulic rubber hoses. For the conveyance of fluids, hydraulic rubber hoses are employed in the chemical industry, pulp and paper industry, and material handling industry. The growing demand from the industries to take care of their operational efficiency is the major driving factor for the hydraulic rubber hose market. The market's growth is attributed to a rise in demand for material handling equipment, an increase in demand for innovative agricultural equipment, and growth in the adaptability of various industries in hydraulic equipment. In addition, technological developments in core construction and infrastructure industries are expected to increase demand for the hydraulic hose market.
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The report gives a detailed analysis of the following key players in the global hydraulic hose market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global hydraulic hose market attained a value of nearly USD 2.25 billion.
The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3.31 billion by 2032.
The major market drivers include rapid industrialisation, surging agriculture activities, the growing construction sector, and increasing demand for material handling equipment.
The key trends guiding the market include the increasing demand for hydraulic hose from major end use industries and the rising construction of energy-efficient green buildings.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various products considered in the market report are reinforced, corrugated, and coiled, among others.
The major applications of the product are agriculture, construction, and material handling, among others.
The major players in the market are Parker-Hannifin Corporation, Eaton Corporation plc, Bridgestone Corporation, RYCO Hydraulics Pty Ltd, and ContiTech AG, among others.
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Australia
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+61-448-061-727
India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
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+44-753-713-2163
United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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