Overview:

Hydraulic hose is used in hydraulic system for a flexible connection between two fluid ports. These hose are made for synthetic tube that is surrounded by high strength flexible winding that is made of metal o fiber.

Market Dynamics:

Wide applicability of hydraulic hose in various end use industries such as mining, engineering machinery, etc. along with product innovation from major players are major factors expected to drive the growth of global market. In addition, favorable business policies by the government and emergence of small and mid-size enterprises with new products are factors expected to boost the growth of target market.

Business development activities by major players through merger and acquisitions are expected to revenue support the growth of global market. In 2019, Singer Equities, Inc. acquired Hydraulic Hose and Assemblies - a distributor and fabricator of hydraulic and industrial hose and fittings, in-house cylinder repair and a leading provider of snowplow blades and ground engagement tools.

Key Trends:

High investment by major players for R&D activities and focus on innovative solutions is the key trend observed in the target market. In 2019, Gates Corporation a manufacturer of power transmission belts and fluid power products launched a MegaSys™ MXG™ 4K hydraulic hose next generation of premium hydraulics, offering a highly flexible, light weight and compact design for first fit, industrial and automotive replacement markets. This is expected to help the company to enhance the customer base.

Regional Analysis:

For detailed understanding of market dynamics, the global PVDC barrier material market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific accounted for the major revenue share in 2018, owing to increasing demand from various end use industries. There is rapid increase in industrialization in developing countries this is increasing demand for heavy duty equipments and hydraulic hose is used in several layers in systems.

Major players focus on business expansion in developing countries in order to enhance the customer base this is expected to boost the growth of target market. In addition, players focus on strengthening the distribution channel and focus on online channel in order to increase the customer reach is expected to support the growth of target market.

Scope of the Report:

Detailed Segmentation:

Global Hydraulic Hose Market, By Type:

• Reinforced
• Corrugated
• Coiled

Global Hydraulic Hose Market, By Application:

• Agriculture
• Construction
• Material Handling

Global Hydraulic Hose Market, By Distribution Channel:

• Online
• Offline

Key Players Covered:

Key players operating in the market includes, Parker Hannifin Corporation, Alfagomma Spa, Eaton Corporation, Gates Corporation, Ryco Hydraulics - Fluid Conveying Technology & Innovation, Bridgestone Corporation, Manuli Hydraulics, and Hansa-Flex Ag.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Hydraulic Hose Market by type, application, and distribution channel, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global hydraulic hose market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.