According to study, “World
Hydraulic Hose Market Research Report 2024(Covering USA, Europe, China, Japan,
SEA and India)” the key companies
operating in the global hydraulic hose market are Parker Hannifin Corp., Manuli
Hydraulics, Yokohama Rubber Co. Ltd., Gates Corp., Bridgestone Corp., Eaton
Corp., Semperit, HANSA-FLEX AG, Sumitomo Riko, Alfagomma Continental SPA, RYCO
Hydraulics Pty. Ltd., Kurt, LETONE-FLEX, Dagong, YuTong, Ouya Hose, Jintong, JingBo,
Yuelong, LuoheYiBo, and Hengyu. Manufacturers focus on improving the research
& development (R&D) capabilities to diversify the product range. Manufacturers
are also enhancing the product quality by acquainting with new designs. The
hydraulic hose and fittings market is competitive due to presence of a large
number of vendors. The top vendors and local and regional vendors also
manufacture customized, energy-efficient equipment at low price than the
international companies.
Hydraulic hose is replacement of the rigid pipes
particularly designed to transfer fluid to or among different hydraulic
components for instance actuators, valves, and tools. A hydraulic hose is
consisting of inner rubber protection layer, middle rubber layer, steel wire
spiral layer and the exterior rubber cover. It is characteristically flexible, reinforced, and typically constructed with numerous layers
of reinforcement subsequently. The systems operate at high pressures and fitted
with appropriate connections to conduct fluid or fluid power within a hydraulic
system sustaining the high-pressure conditions. The important parameters like
dimension, performance specifications, construction options, and features are
required for the hydraulic hose to use in different end-use industries.
Based on type, market is segmented into wire braided
hydraulic hose and spiral wire hydraulic hose. Wire braided hydraulic
hosesegment is showing high growth due to its major applications in the fields
of automatic hydraulic systems of oil field exploiting machine, mine hydraulic
bracket, mine projects, and other industrial sectors. Based on product type,
market is segmented into coiled, reinforced, corrugated and articulated. Based
on material type, market is segmented into fluoropolymers & silicons,
elastomers or rubber, metal and thermoplastics. Based on pressure, market is
segmented into high pressure, medium pressure and low pressure.In addition,
based on end-use industries, market is segmented into construction, agriculture
& forestry, manufacturing or industrial, transportation, mining and others
(pharmaceuticals and beverage).
The market is driven by growth of agricultural
sector as usage of equipment such as tractors, haying machines, combined
harvesters and tillers, followed by rise in demand for heavy machinery coupled
with rise in equipment, increase in industrialization along with the growth in
construction projects,surge in demand for various construction & industrial
applications, growth in technological development, rise in large global sellers
& small suppliers and increase in demand of energy-efficient green
buildings. However, less scope for product differentiation may impact the
market.
Based on geography, the North-American region is a
prominent producer and consumer in the world hydraulic hose market owing to
increase in production of hydraulic hose in the region. The Asian-Pacific and European regions are
expected to witness higher growth rate due to rapid growth in the agricultural
sector and rise in population over the forecast period. In upcoming years, it
is anticipated that the market will be reached at rapid pace on account of
improvement in economic conditions in the developing countries.
For more information on the research
report, refer to below link:
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