Excessive use of hydraulic rubber hoses in the agricultural sector for machinery which includes harvesters, transport vehicles, and other pieces of machinery is driving the global hydraulic rubber market.
The global Hydraulic Rubber Hose market is projected to reach US$ 1,375.5 Mn by 2028, growing at a CAGR of 5.3%
Covid-19 Impact & Market Status
The upsurge of COVID-19 in early 2020 unpleasantly influenced almost all the industries worldwide. This can be attributed to cardinal disruptions witnessed by the manufacturing units and managers of supply chain operations. The restrictions include worldwide lockdowns, prohibition on large social gatherings and suspension of domestic and international flights, movement of goods, etc. The same disruptions were also faced by the Hydraulic Rubber Hose market. The consumer demand for hydraulic rubber hoses also declined which is the result of the cut in expenditure on non-essential goods and an increase in savings All these setbacks in the way of the Hydraulic Rubber Hose market are likely to burden the revenue trajectory of the market over the forecast period. However, the government is now lifting the curbs and the market for hydraulic rubber hoses is assumed to bounce back very soon.
The Asia Pacific and North America to be Significant Regional Markets for Hydraulic Rubber Hose
The Asia Pacific region is one of the dominating regions in the global market for hydraulic rubber hoses. As agriculture is the foremost activity of the majority of the people from this region along with rapid industrialization, it has given the market a significant spur. Industrial development has also led to the boom in the production of automobiles and construction work. The reason this region for being the supreme power is that mining activities are taking a kickstart in emerging economies such as India and China. The government is now emphasizing advanced methods for irrigation and water conservation due to the scarcity of water, therefore, it is favorably contributing to the growth of the Hydraulic Rubber Hose market. The North American region witnessed sluggish market growth in the past but now the evolution in the industries is improving the growth prospects of the global Hydraulic Rubber Market.
Increasing Demand For Hydraulic Rubber Hoses In The Construction Industry
It is owing to the growing requirement of high operating pressure and extreme abrasion resistance to the equipment, the demand for hydraulic rubber hoses is soaring and is likely to kick off exponentially in the construction industry. In the construction industries, hydraulic rubber hoses are used in various machines such as excavators, backhoes, bulldozers, etc. the rise in prominence of energy-effective green buildings is also predicted to influence the global market for hydraulic rubber hoses positively as such buildings consume the least energy. Moreover, the increase in food consumption has led the agricultural sector to increase the production of food grains and subsequently hike the demand for hydraulic rubber hoses. The technological innovations in construction, infrastructure, and agricultural sectors are contributing factors to the growth of the Hydraulic Rubber Hose market over the forecast period.
Owing to benefits such as better shock and vibration absorption, better component movement, high-power output in minimal space and weight, self-lubricating, high heat resistance, lightweight toughness, and better working flexibility, the hydraulic rubber hose is experiencing rapid adoption as opposed to conventional systems thus fostering progress in global hydraulic rubber hose market.
The factors such as rising demand for Hydraulic Rubber Hose from distinct end-use industries like mining and construction is likely to accelerate the global hydraulic rubber hose market growth over the projection period. Furthermore, the surge in the demand for hydraulic rubber hoses in the construction of heavy-duty pieces of equipment, trucks, etc is playing a huge role in the market development.
The advantages such as good flexibility, higher power, and perfect bends encourage further adoption of hydraulic rubber hose. These factors collectively influence thumping growth of Global Hydraulic Rubber Hose Market estimated to reach close to USD 2.90 Billion at a growing CAGR of 5.3% through the projection period 2022-2029.
The Hydraulic Rubber Hose is deployed in several sectors like the industrial sector, the agricultural sector, the construction sector, and others. The life of the Hydraulic Rubber Hose is restricted due to the dynamic climatic conditions which lead to abrasion.
The Hydraulic Rubber Hose is used for delivering the water, fuel, air, and construction materials in the construction sector. It is used as a usual and inevitable element in industries and mobile machines. Hydraulic rubber is made of nitrile rubber. It serves as plumbing that flows hydraulic fluid through tanks, cylinders, valves, pumps, and other power components of the fluid.
The hydraulic rubbers hoses are specifically designed to transfer hydraulic fluid to valves, actuators, and tools. The hydraulic hose carries fluid that imparts force within the hydraulic machinery. These hydraulic rubber hoses are fixed with proper connections for transmitting fluid/fluid power to hydraulic systems to maintain the high-pressure conditions.
Hydraulic systems are deployed in several sectors such as industrial, agricultural, agricultural, construction sectors, etc. The spiking demand for hydraulic rubber hoses in the industries to manage their efficacy of operations is the major component driving the growth of the global Hydraulic Rubber Hose market.
The demand for hydraulic rubber hoses is comparatively higher in the construction, agriculture, and automotive industries. These industries are instantly acknowledging the advantages that are being provided by the Hydraulic Rubber Hose instead of conventional popes which were made of metal or plastics. The supplementary profits offered by rubber hose are the lowest weight, medium-pressure applications, finer sound absorption, and rust resistance. Another perk of using hydraulic rubber hoses is that it helps industries meet their production demands. The urgency to improve operational efficacy has led most industries to seek every place they can to enhance efficiency by using hydraulic rubber hoses.
Strict rules ®ulations imposed by the government on the production of Hydraulic Rubber Hose are a serious restraint to the growth prospects of the global Hydraulic Rubber Market. Thus, it is expected to obstruct the upcoming opportunities coming its way over time. However, the Hydraulic Rubber Hose manufacturer faces an average extent of competition from thermoplastic pipes. Furthermore, current advancements in technological advancements and up-liftment in the adoption of Research & Development (R&D) activities by the manufacturers of hydraulic rubber hoses in emerging economies are assumed to add to the growth of global hydraulic rubber Market.
The major players in Global Hydraulic Rubber Hose Market are Koman Hydraulic, Eaton Corporation (Synflex), Kurt Manufacturing, Parker Hannifin, Transfer Oil S.p.A., Piranha Hose Products, Manuli Rubber Industries, HIC International, Gates, RYCO Hydraulics, and Polyhouse India among.
Latest Innovations in the Global Hydraulic Rubber Hose Market: A Snapshot
- The end-users of the Hydraulic Rubber Hose are now switching over to the adoption of cloud-based and hybrid deployment models from the traditional approach (premise-based) to accelerate cost efficacies.
- The Hydraulic Rubber Hose is created to merge with a variety of networks. The global market for hydraulic rubber hoses is extremely complicated, mission-critical, scalable, and based on components. Therefore, decentralized meetings are crucial requisites for security and management.
Hydraulic Rubber Hose Market Scope :1,375.5
|Revenue forecast in 2028
|USD 1,375.5 Million
|CAGR of 5.3 % during 2018-2028
|Type, Application, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Koman Hydraulic, Eaton Corporation (Synflex), Kurt Manufacturing, Parker Hannifin, Transfer Oil S.p.A., Piranha Hose Products, Manuli Rubber Industries, HIC International, Gates, RYCO Hydraulics, and Polyhouse India among.
Key Segments of the Global Hydraulic Rubber Hose Market
Application Overview, (USD Billion)
- Agriculture Machinery
- Lubrication Lines
- Construction Machinery
- Industrial and Material Handling
- Power and Telephony Mobile Equipment
- Others (Hydraulic Lifts, etc.)
Type, Overview, (USD Billion)
- Standard Hydraulic Rubber Hose
- Mining Hose
- Steam Hose
- Air Hose
- Spiral Hose
- Others (Water blast hose, etc.)
Pressure Level, Overview, (USD Billion)
- High Pressure
- Medium Pressure
Regional Overview, (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa