North America Hydraulic Hose Market Report and Forecast 2024-2032

North America Hydraulic Hose Market Outlook

The North America hydraulic hose market size is projected to grow at a CAGR of 4.3% between 2024 and 2032. The growth of the market can be attributed to rapid technological advancements and rising interest towards high-performance materials for hose production.

Hydraulic hose is a flexible, reinforced tube designed to transport hydraulic fluid to (or between) hydraulic components, machinery, or equipment. It is a critical component in hydraulic systems, which use liquid pressure to generate force and transmit power within machinery or equipment.

The primary function of a hydraulic hose is to transport hydraulic fluid under pressure to generate mechanical force for various applications. These hoses are constructed to withstand high-pressure conditions, often operating in challenging environments, and they are designed to handle different types of hydraulic fluids, such as oils, water, or synthetic fluids, depending on the application.

Key Trends in the Market

• Advancements in technology play a crucial role in the North America hydraulic hose market growth. Innovations in materials, manufacturing processes, and design have led to the development of hoses that offer higher pressure handling capacities, improved flexibility, and enhanced durability. Manufacturers are increasingly investing in research and development to create hoses that can withstand harsh operating conditions and meet specific industrial requirements.

• The digital revolution has impacted the distribution and procurement of hydraulic hoses as well among other products. Rapid expansion of e-commerce platforms  has significantly enhanced the North America hydraulic hose market demand, as they offer convenience and accessibility to a wide range of products. Customers can easily compare specifications, prices, and reviews before making purchasing decisions, which simplifies their hydraulic shopping experience. This trend has led to improved transparency in the market and a more competitive landscape among suppliers.

• The market has seen a shift towards the use of high-performance materials such as thermoplastics and synthetic rubber compounds. These materials offer better resistance to abrasion, chemicals, extreme temperatures, and other challenging operating conditions. They also contribute to the overall longevity and performance of hydraulic hoses, meeting the demanding requirements of various industries.

• Increasing investment by leading companies to support the growth of hydraulics business in the region is one of the major North America hydraulic hose market trends. In July 2022, Continental  AG, a prominent player, announced an investment exceeding $40 million to construct a new, state-of-the-art hydraulic hose production facility and expand its presence in the region and beyond. The additional capacity is expected to facilitate enhanced customer service and expansion in key growth industries.

Market Segmentation

Based on type, the market can be divided into spiral wire hydraulic hose and wire braided hydraulic hose, among others. The North America hydraulic hose market segmentation, based on product, includes reinforced, corrugated, and coiled, among others.

The market, based on application, is categorised into agriculture, construction, and material handling, among others. The major regional markets for hydraulic hoses in North America are the United States of America and Canada.

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. The report gives a detailed analysis of the following key players in the North America hydraulic hose market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Parker-Hannifin Corporation

• Eaton Corporation plc

• Bridgestone Corporation

• ContiTech AG

• Gates Corporation

• Manuli Hydraulics

• Kurt Manufacturing

• Others

Market Share by Type

The growing demand for wire braided hydraulic hose from construction and agriculture sector is expected to significantly influence the North America hydraulic hose market share during the forecast period. Wire braided hoses offer superior strength and durability compared to other types of hoses. The reinforcement with high-tensile steel wire provides robustness, allowing these hoses to withstand high-pressure applications and challenging operating conditions.

In addition, wire braided hoses are resilient against abrasion, which is a common concern in industrial settings where hoses might come into contact with rough surfaces or materials.

Market Share by Region

According to the North America hydraulic hose market analysis, the United States of America has been witnessing rapid development in sectors like construction, agriculture, mining, and manufacturing, which propels the demand for hydraulic machinery and equipment, subsequently boosting the need for hydraulic hoses.

Moreover, manufacturers are increasingly following the global trend towards sustainability and environmentally friendly solutions. Companies are focusing on producing hydraulic hoses using recyclable materials and processes that reduce their environmental impact.

Competitive Landscape

Parker-Hannifin is a global leader in motion and control technologies, specialising in the development and manufacture of precision-engineered solutions for various fields, including aerospace, industrial, and automotive sectors. Its headquarter is located in Ohio, United States of America, and it offers a diverse range of products such as electromechanical, hydraulic, and pneumatic systems, fluid connectors, filtration systems, and more.

Eaton Corporation is a multinational power management company providing energy-efficient solutions for electrical, hydraulic, and mechanical power systems. They manufacture products for electrical power distribution and control, as well as components for aerospace and hydraulic systems. Eaton's offerings encompass a broad spectrum of products related to power management and control.

Bridgestone Corporation, established in 1931, stands as a leading Japanese multinational tire manufacturer. The company is famous for making top-notch tires and rubber products and do much more than that. They also offer solutions like industrial rubber, chemicals, and even sports gear. Their range of products goes way beyond just tires, showing how versatile they are in making different stuff for various uses.

Other hydraulic hose market players in North America are ContiTech AG, Gates Corporation, Manuli Hydraulics, and Kurt Manufacturing, among others.

Key Highlights of the Report