Press Release
Press Release
Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
According to a new report by EMR titled, ‘Global Hydraulic Hose Market Report and Forecast 2021-2026’, the global hydraulic hose market reached a value of USD 1.98 billion in 2020. The industry is further expected to grow at a CAGR of 4.35% in the forecast period of 2021-2026 to reach a value of around USD 2.56 billion by 2026.
The global hydraulic hose industry is projected to benefit from the rise of the evergreen agriculture industry, which is replacing conventional agricultural methods with mechanical ones. Hydraulic hoses are commonly utilised in agriculture, mostly for irrigation equipment. The need for hydraulic hose in the agriculture industry is likely to rise in the near future due to the upgrading of agricultural equipment. Hydraulic hoses are utilised in both surface and underground mining operations. The hydraulic hose market is expected to increase significantly due to the expanding mining industry. The growing construction industry equipment also inclines hydraulic hoses in machines such as bulldozers, backhoes, wheel loaders, excavators, and others. 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. Moreover, the demand-driven from the other end-use industries such as the transportation industry is likely to boost the market growth in the forecast period.
In the construction sector, a hydraulic rubber hose transfers water, fuel, air, and construction materials. Hydraulic rubber hoses are used in the chemical industry, pulp and paper industry, and material handling industry to transmit fluids. For Instance, In March 2020, Parker Hannifin’s (NYSE: PH) Hydraulic Pump and Power Systems (HPS) Division launched a new online configuration tool for its Gold Cup Pump and Motor Series with support for an additional product series planned in the future. The new e-configurator tool streamlines users’ online configuration with a convenient embedded tool view, including model-based dimensioning and extended product summary at one location.
Market Analysis by Product, Application, and Regions:
Key Findings of the Report:
Key Offerings of the report:
The major players in the global hydraulic hose industry are Parker-Hannifin Corporation, Eaton Corporation plc, Bridgestone Corporation, RYCO Hydraulics Pty Ltd, and ContiTech AG, among others.
The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.