[Latest] Global Hydraulic Rubber Hose Market Size/Share Worth USD 1.8 Billion by 2030 at a 5.2% CAGR: Zion Market Research (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
Zion Market Research
10 min read
Zion Market Research
The increasing demand in the agricultural, construction, and industrial sectors is driving the hydraulic rubber hose industry. The increased demand for food consumption has compelled the agriculture industry to increase its crop yields, thus increasing the demand for hydraulic rubber hoses in the market.
NEW YORK, United States, May 12, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Hydraulic Rubber Hose Market By Type (Standard Hydraulic Rubber Hose, Mining Hose, Steam Hose, Air Hose, Spiral Hose, And Others), By Pressure (High Pressure, Medium Pressure, And Low Pressure), By Application (Agriculture Machinery, Lubrication Lines, Construction Machinery, Industrial And & Material Handling Equipment, Power And & Telephony Mobile Equipment, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global Hydraulic Rubber Hose Market size & share was valued at USD 1.2 Billion in 2022 and is predicted to grow to around USD 1.8 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.2% between 2023 and 2030.”
The report analyzes the global hydraulic rubber hose market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the hydraulic rubber hose industry.
What is Hydraulic Rubber Hose? How big is the Hydraulic Rubber Hose Industry?
Report Overview:
Hydraulic rubber hoses play a crucial role in hydraulic systems that transport fluids at high pressure. Typically, it is reinforced with textile or braided or spirally wound wire. It is made of thermoplastic or synthetic rubber. Hydraulic rubber hoses are generally utilized in different ventures, for example, auto, development, and assembling.
Hydraulic rubber hoses' durability and adaptability are two major benefits. Because of this, it can function in harsh environments and withstand extreme temperatures and pressures. In addition, it has excellent resistance to chemical degradation, wear, and corrosion, ensuring long-term performance. In addition, hydraulic rubber hoses are made to comply with stringent safety standards and regulatory requirements, ensuring their dependability and safety in crucial applications. Hydraulic rubber hoses are now lighter, more eco-friendly, and more efficient as a result of ongoing advancements in materials and manufacturing processes. This has also reduced the environmental impact of hydraulic systems.
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Our Free Sample Report Consists of the Following:
Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
About 215+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on Request
Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Zion Market Research Methodology
Global Hydraulic Rubber Hose Market Dynamics:
The global hydraulic rubber hose market is driven by expanding interest in water-powered frameworks in different enterprises like horticulture, development, and auto. Demand for high-performance hydraulic rubber hoses is also being driven by the growing demand for reducing emissions and improving fuel efficiency. In addition, the market is anticipated to expand due to rising awareness of the importance of safety and dependability in critical applications. The development of cutting-edge materials and manufacturing procedures to enhance the performance and durability of rubber hydraulic hoses presents opportunities in the industry.
The rise of new applications and advancements, for example, electric and crossover vehicles ought to likewise give learning experiences. However, the hydraulic rubber hose industry is challenged by rising raw material costs and rising competition from thermoplastics and other alternative materials. Manufacturers also face difficulties due to the lack of standardization in the hydraulic hose market across various regions. In addition, manufacturers' efforts to create eco-friendly alternatives to conventional rubber hydraulic hoses are expected to continue impacting the market as environmental sustainability issues continue to grow in importance.
Polyhose, THE YOKOHAMA RUBBER CO., LTD., Tubes International Sp. z o.o., PARKER HANNIFIN CORP, Titeflex, Bridgestone Engineered Products of Asia Sdn Bhd., Gates Corporation, Hydravia, Zycon Global Services, LLC, Eaton, Flexitallic, Singer Industrial, LUCOHOSE CO., LTD, Exitflex, Agya Engineering Co., Propulse, Rubber & Gasket Company of America, HIC International Co Inc, Avonhose, ContiTech AG, Vardhman Hoses Pvt. Ltd. among others.
Segments Covered
By Type, By Pressure, By Application, and By Region
Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
The global hydraulic rubber hose market is bifurcated based on type, pressure, application, and region.
Based on type, the global hydraulic rubber hose market is segmented based on standard hydraulic rubber hose, mining hose, steam hose, air hose, spiral hose, and others.
Based on pressure, the global hydraulic rubber hose market is bifurcated based on into high-pressure, medium-pressure, and low-pressure segments. The medium-pressure segment held the largest market share in 2022 and is further projected to grow rapidly during the forecast period. This growth can be attributed to the rising demand for medium-pressure hydraulic rubber hoses for hydraulic systems in the manufacturing, construction, and automotive industries. Medium pressure hydraulic rubber hoses are suitable for construction machinery, agricultural machinery, and machine tools because they are designed to handle pressures between 3000 and 6000 psi. Additionally, the rising spotlight on security and dependability in basic applications is supposed to additional drive interest in medium-strain hydraulic rubber hoses.
Based on application, the global hydraulic rubber hose industry is segmented into agriculture machinery, lubrication lines, construction machinery, industrial and & material handling equipment, power and & telephony mobile equipment, and others. The construction machinery segment held the largest market share in 2022 and is further predicted to grow remarkably during the forecast period. In addition, the rising demand for construction equipment in developing nations, particularly in the Asia-Pacific region, is to blame for this expansion.
The global Hydraulic Rubber Hose market is segmented as follows:
Some of the main competitors dominating the global Hydraulic Rubber Hose market include -
Polyhose
THE YOKOHAMA RUBBER CO. LTD.
Tubes International Sp. z o.o.
PARKER HANNIFIN CORP
Titeflex, Bridgestone Engineered Products of Asia Sdn Bhd.
Gates Corporation
Hydravia
Zycon Global Services LLC
Eaton
Flexitallic
Singer Industrial
LUCOHOSE CO. LTD
Exitflex
Agya Engineering Co.
Propulse
Rubber & Gasket Company of America
HIC International Co Inc
Avonhose
ContiTech AG and Vardhman Hoses Pvt. Ltd.
Key Insights from Primary Research:
According to the analysis shared by our research analyst, the Hydraulic Rubber Hose market is likely to expand at a CAGR of around 5.2% during the forecast period (2023-2030).
In terms of revenue, the Hydraulic Rubber Hose market size was valued at around US$ 1.2 billion in 2022 and is projected to reach US$ 1.8 billion by 2030.
The increasing demand in the agricultural, construction, and industrial sectors is driving the hydraulic rubber hose industry. The increased demand for food consumption has compelled the agriculture industry to increase its crop yields, thus increasing the demand for hydraulic rubber hoses in the market.
Based on the pressure, the medium pressure segment is expected to dominate the market over the forecast period.
Based on region, the Asia Pacific is expected to dominate the growth of the market over the forecast period.
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Regional Analysis:
Based on region, the Asia-Pacific region of the global hydraulic rubber hose market held the dominating market share in 2022 and is further anticipated to grow exponentially during the forecast period. The hydraulic rubber hose market in the Asia Pacific region is expected to experience significant growth in the coming years. The rising demand for hydraulic systems in a variety of sectors, including agriculture, construction, and the automotive industry, particularly in developing nations like India, China, and Indonesia, is to blame for this expansion.
The hydraulic rubber hose market's expansion is also anticipated to be fueled by the region's growing adoption of advanced hydraulic systems and rising infrastructure development investments. Besides, the accessibility of minimal expense work and unrefined substances in the Asia Pacific district makes it a positive area for the development of water-powered elastic hoses. The demand for high-performance hydraulic rubber hoses in the region is also anticipated to be driven by the growing trend toward equipment and vehicles becoming electrified.
In March 2021, Gates Corporation announced the launch of its new hydraulic hose, the MegaSys MXG 4K. The hose is designed to provide improved performance in high-pressure hydraulic systems while reducing weight and increasing flexibility. The MegaSys MXG 4K uses Gates' patented wire-braid technology and is suitable for various applications, including construction machinery and agricultural equipment.
In September 2020, Eaton Corporation announced the launch of its new high-pressure hydraulic hose, the EC850. The hose is designed to operate in extreme environments, with a temperature range of -40°C to +121°C. The EC850 is also suitable for high-pressure applications in the construction, mining, and oil and gas industries.
In June 2020, Parker Hannifin Corporation announced the launch of its new hydraulic hose, the 187 Hose. The hose is designed to provide improved performance in high-pressure hydraulic systems while being more compact and lightweight. The 187 Hose uses Parker's patented wire-braid technology and is suitable for various applications, including construction machinery and material handling equipment.
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