Value Market Research has recently published the market study on Global Hydraulic Hose Market. As per the study the global hydraulic hose market was valued USD 1.21Billion (by revenue) in 2017 and is estimated to reach USD 1.65 Billion by 2024 with a CAGR of 5.10%. Hydraulic hoses are specifically designed for use in mechanical applications. Most of the hydraulic hoses are intended to be specific in sizes, lengths and have custom connectors to work on specific machines. Technically, the hydraulic system is built of different materials; the most commonly used materials include thermoplastics, elastomers, fluoropolymers and silicone, metal, and composite or laminated structures.
According to the report, the hydraulic hose market is likely to grow on account of ongoing urbanization and rise in various manufacturing units across the globe. With the growing mining activities, the demand for hydraulic hose has been increased drastically. Also, rising demand for modern agricultural equipment’s along with the growing industrialization and ongoing construction projects worldwide is likely to propel the market growth. Moreover, the rising manufacturing sector, improving supply chain scenario, and growth in automotive industries is again fueling the demand for the product.
The report "Global Hydraulic Hose Market Report By Type (Spiral Wire Hydraulic Hose and Wire Braided Hydraulic Hose), Application (Engineering Machinery, Mining, Industrial Application, and Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2017-2024” studies the attractiveness of the hydraulic hose market on the basis of factors such as driver, restraints and market size.
The global hydraulic hose market is segmented by type into spiral wire hydraulic hose and wire braided hydraulic hose. Out of which wire braided is leading the segment owing to its major applications in the fields of mine hydraulic bracket, automatic hydraulic systems of oil field exploiting machine, mine projects, and other industrial sectors. By application, the market is bifurcated into engineering machinery, mining, industrial application, and others. Industrial segment is dominating the segment owing to high demand from the end use industry since it is oil-resistant, weather-resistant, fabric-braided, steel-braided and spiral wire features.
The market of hydraulic hose is analyzed across the region of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Considering all the region, Asia- Pacific is ruling the global hydraulic hose industry owing to increasing industrialization along with the growing construction projects in the region. Also, increasing mining activities in emerging economies such as India and China are contributing towards the growth of hydraulic hose market. Followed by North America is a lucrative market for hydraulic hose and is projected to grow at a healthy rate due to the presence of major manufacturers such as Tiefenbach, ContiTec, and HANSA-FLEX.
The Report Segments Global Hydraulic Hose Market –
Alfagomma, Bridgestone, Gates, Parker, Manuli, Yokohama Rubber, Eaton, Semperit, HANSA-FLEX, Sumitomo Riko, Continental, RYCO, Kurt, and Others.
About Value Market Research -
Value Market Research was established with the vision to ease decision making and empower the strategists by providing them with holistic market information. Our analysts’ team is well equipped with all research tools and techniques and hold a deep knowledge of the industry they are working for.
We ensure intellectual, precise and quality data is delivered to our client. We facilitate clients with syndicated research reports and customized research reports on 25+ industries with global as well as regional coverage.
Value Market Research
401/402, TFM, Nagras Road, Aundh, Pune-7.
Email: [email protected]
Avail customized purchase options to meet your exact research needs:
" Doing business with Value Market Research was – quick, easy and accurate. We got what we expected. The team was very helpful and processes were altered for our convenience. The whole process from understanding our niche requirements to delivery to after sales was excellent. "
" Excellent work!! Working with you has been easy and direct. Your flexibility to alter the report scope and timely delivery assisted me in delivering my project proposal on time. "
" This is our second purchase and we have been obliged by the service. We appreciate the efforts put by Value Market Research in terms of understanding our needs, expanding the scope of the study, delivery and handling after sales queries. "