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Global Hydraulic Hose Market: By Product: Reinforced, Corrugated, Coiled, Others; By Application: Agriculture, Construction, Material Handling, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Hydraulic Hose Market Outlook

The global hydraulic hose industry reached a value of about USD 1.98 billion in 2020. The industry is further expected to grow at a CAGR of about 4.35% in the forecast period of 2022-2027 to reach a value of around USD 2.56 billion by 2026.

 

Asia Pacific and North America to be Significant Regional Markets for Hydraulic Hose

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. 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.

 

Impact of COVID-19 on the Market

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.

 

Hydraulic Hose: Industry Definition and Segmentation

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.

By product, the market is divided into:

  • Reinforced 
  • Corrugated  
  • Coiled 
  • Others

The leading application of the market includes:

  • Agriculture 
  • Construction 
  • Material Handling 
  • Others

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.

 

Increasing Demand for End Use Industries is Boosting the Market Growth

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.

 

Key Industry Players in the Global Hydraulic Hose Market

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:

  • Parker-Hannifin Corporation
  • Eaton Corporation plc
  • Bridgestone Corporation
  • RYCO Hydraulics Pty Ltd
  • ContiTech AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region
Breakup by Product Reinforced, Corrugated, Coiled, Others
Breakup by Application Agriculture, Construction, Material Handling, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Parker-Hannifin Corporation, Eaton Corporation plc, Bridgestone Corporation, RYCO Hydraulics Pty Ltd, ContiTech AG, Others
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Hydraulic Hose Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Hydraulic Hose Historical Market (2017-2021) 
    8.3    Global Hydraulic Hose Market Forecast (2022-2027)
    8.4    Global Hydraulic Hose Market by Product
        8.4.1    Reinforced
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Corrugated 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Coiled
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Others
    8.5    Global Hydraulic Hose Market by Application
        8.5.1    Agriculture
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Construction
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Material Handling
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Others
    8.6    Global Hydraulic Hose Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Parker-Hannifin Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Eaton Corporation plc
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Bridgestone Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    RYCO Hydraulics Pty Ltd
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    ContiTech AG
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Hydraulic Hose Market: Key Industry Highlights, 2016 and 2026
2.    Global Hydraulic Hose Historical Market: Breakup by Product (USD Billion), 2017-2021
3.    Global Hydraulic Hose Market Forecast: Breakup by Product (USD Billion), 2022-2027
4.    Global Hydraulic Hose Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Hydraulic Hose Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Hydraulic Hose Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Hydraulic Hose Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Hydraulic Hose Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Hydraulic Hose Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Hydraulic Hose Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Hydraulic Hose Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Hydraulic Hose Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Hydraulic Hose Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Hydraulic Hose Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Hydraulic Hose Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Hydraulic Hose Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Hydraulic Hose Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global Hydraulic Hose Market Structure

Key Questions Answered in the Report

In 2020, the global hydraulic hose market attained a value of nearly USD 1.98 billion.

The market is projected to grow at a CAGR of 4.35% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 2.56 billion by 2026.

The major drivers of the market includes industrialisation, rise in agriculture activities, growing construction industry, rise in demand for material handling equipment, increase in demand for innovative agricultural equipment, and technological developments in core construction and infrastructure industries.

The increasing demand for end use industries and the growth in demand for energy-efficient green buildings are the key industry trends propelling the growth of the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Based on product, the market is categorised into reinforced, corrugated, and coiled, among others.

The significant applications of the market includes agriculture, construction, and material handling, among others.

The major players in the industry are Parker-Hannifin Corporation, Eaton Corporation plc, Bridgestone Corporation, RYCO Hydraulics Pty Ltd, and ContiTech AG, among others.

Analyst Review

The global hydraulic hose market reached a value of about USD 1.98 billion in 2020, driven by the technological developments in core construction and infrastructure industries. The industry is further expected to grow at a CAGR of about 4.35% in the forecast period of 2022-2027 to reach a value of around USD 2.56 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the market is categorised into reinforced, corrugated, and coiled, among others. The significant applications of the product includes agriculture, construction, and material handling, among others. The major regional markets for hydraulic hose are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are Parker-Hannifin Corporation, Eaton Corporation plc, Bridgestone Corporation, RYCO Hydraulics Pty Ltd, and ContiTech AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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