Rising applications
in construction, industrial, and agricultural sectors have bolstered
the demand for global hydraulic rubber hoses market . In a report,
titled “Hydraulic Rubber Hose Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2014 - 2022” Transparency
Market Research (TMR) provides a comprehensive overview of the
market. It compiles relevant information pertaining to the demand and
supply forces in the market and studies the various factors
influencing them. A holistic insight into the competitive landscape
in the market is also included in the report.
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A hydraulic hose is
made from thermoplastic material or synthetic rubber. It is used for
transporting fluid with the help of a hydraulic machinery. Hydraulic
hoses are made in three different layers, consisting of an inner
layer, reinforcement layer, and an outer protective layer. These
layers are typically designed to protect the hose from weather,
abrasion, and other chemical and oils. Hydraulic hoses have superior
features such as high endurance to shock, high sound absorption
ability, low weight, resistance to rust, and self-lubrication, due to
which, their application across various industrial sectors has been
steadily increasing over the last few years.
These hoses can
operate even in challenging environments at a construction site,
which is a key factor driving their demand globally.
According to the TMR
report, the global hydraulic rubber hose market is expected to reach
US$1,002 mn by the end of 2022. The market stood at US$697.9 mn in
2013, and is expected to exhibit a CAGR of 4.2% between 2014 and
2022.
Currently, hydraulic
rubber hoses are witnessing high demand in the industrial and
construction sectors. Hydraulic rubber hoses are considered effective
due to their superior properties, which lend them high endurance even
in the challenging environment at construction sites. This has been
identified in the report as a key factor aiding the market’s
growth. Moreover, the demand for reliable hoses from the industrial
sector is also expected to increase in order to offer workers safety
against hose bursts and leaks. Since hydraulic rubber hoses have a
limited life span, the market is also witnessing increasing demand
for replacing old hoses with newer ones.
Regionally, the
global hydraulic rubber hose market can be segmented into Europe,
Asia Pacific, North America, Latin America, and the Middle East and
Africa. Among these regions, Asia Pacific reported the highest demand
for hydraulic rubber hoses in 2013. The dominance of this region is
attributed to the growth in the number of construction projects.
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The global hydraulic
rubber hose market is highly fragmented and characterized by the
present of many strong players. Nevertheless, some of the key vendors
operating in the market are Hydraulic Co., Ltd., Gates Corporation,
RYCO Hydraulics, Kurt Manufacturing, Piranha Hose Products, Inc.,
Transfer Oil S.p.A., Kurt Manufacturing, Parker Hannifin Corp., Eaton
(Synflex), and others. A majority of the key manufacturers in the
market are focusing on innovations to cater to the dynamic consumer
demand.
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