Hydraulic hoses are especially designed to transport hydraulic fluid to or among hydraulic components, valves, actuators, and tools. The global hydraulic hose market was valued at US$ 1.7 Bn in 2016, and is expected to register a CAGR of 4.8% By 2026. The first five-year cumulative revenue (2017–2021) is projected to be over US$ 10 Bn, which is expected to increase considerably over the latter part of the five-year forecast period.
Global Hydraulic Hose Market: Segmental Snapshot
By Type: The wire-braided hydraulic hose segment accounted for highest revenue share contribution as compared to other type segment, and is expected to maintain its dominance over the forecast period. The spiral-wire hydraulic hose segment is expected to register a CAGR of over 5.0% between 2017 and 2026.
By Application: The engineering machinery segment accounts for highest revenue share in the global market and is projected to and is expected to continue its dominance over the forecast period
By Region: The market in Asia Pacific accounted for highest revenue share in the global hydraulic hose market in 2016, and is expected to register highest CAGR of over 5% over the forecast period.
Global Hydraulic Hose Market: Competitive Analysis
The research report on the global hydraulic hose market includes profiles of some of major companies such as Parker Hannifin Corp., Manuli Rubber Industries S.p.A., Alfagomma Hydraulic S.p.a., The Yokohama Rubber CO., LTD., Gates Corporation, Bridgestone Corporation, Eaton Corporation, Semperit AG Holding, HANSA-FLEX AG, SUMITOMO RIKO Company Limited, Continental AG (ContiTech AG), RYCO Hydraulics Inc., LUOHE LETONE HYDRAULICS TECHNOLOGY CO. LTD. (Letone), Shandong Dagong Rubber Co., Ltd., Hebei Yutong Special Rubber Hose Co., LTD., Ouya Hose Corporation, Jintong Rubber CO., LTD., Hebei Jingbo Petroleum Machinery Co., Ltd., Shandong Yuelong Rubber-Plastic Technology Co Ltd., Henan Yibo Rubber Technology Co., Ltd., and Hebei Hengyu Rubber Product Group Co., Ltd., Vitillo s.p.A., Diesse Rubber Hoses s.p.A., Bydgoskie Zakłady Przemysłu Gumowego “STOMIL” S.A., Interpump Group SpA.