Hydraulic Rubber Hose Market

Hydraulic Rubber Hose Market – Usage of Thermoplastic Hose Diminishes Demand for
Hydraulic Rubber Hoses
The top tier manufacturers of global hydraulic rubber hoses market in 2013 – Gates
Corporation, Parker Hannifin Corporation, Polyhose, and Eaton Corporation – accounted for a
significant share in the market despite its highly fragmented nature.
According to a publication by Transparency Market Research, the top tier manufacturers are
constantly seeking product improvements and to solidify their credibility and product presence
in the market. These manufacturers can also provide a wide array of hydraulic rubber hose
types, owing again to the high level of product enhancement and development.
The global market for hydraulic rubber hoses is expected to progress at a CAGR of 4.2% within a
forecast period from 2014 to 2022, in terms of revenue. This revenue is expected to reach US$1
bn by the end of 2022, rising from US$779.8 mn in 2016.
The global market for hydraulic rubber hoses was dominated by Asia Pacific in 2013 and the
report expects this region’s demand to expand at a leading rate. By the end of 2022, the
predicted revenue of hydraulic rubber hoses in Asia Pacific will be US$392.8 mn.
Demand for Hydraulic Rubber Hoses Increases in Construction Industry
The construction industry – specifically makers of construction machinery – have consistently
presented a high demand for hydraulic rubber hoses. By the end of 2022, the application-based
revenue for hydraulic rubber hose manufacturers from construction machinery is expected to
reach US$260 mn.
Most users of hydraulic rubber hoses have always preferred standard ones. These hoses are
expected to continue being highly demanded till 2022, by when this segment will have reached
US$370.4 mn.
Get PDF Sample with Latest Innovation
@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=596
3
Demand for Hydraulic Rubber Hoses Ramps up in Agriculture
“The profits in a product market such as hydraulic rubber hoses manufacturing is based solely
on the demand for it in various application sectors,” states a TMR analyst. “In this case, it is the
demand stemming from sectors such as agriculture and construction. Both these sectors are
currently showing a massive increase in demand for hydraulic rubber hoses due to their
physically flexible nature that can be a key advantage over conventional plastic and steel
piping,” the analyst adds.
Modern hydraulic rubber hoses offer much stronger leak protection to fluids being transferred
and can be used to carry high-pressure fluids in extreme environments while maintaining their
flexibility. These properties put hydraulic rubber hose ahead of plastics and metal pipes for
many users, thus increasing their demand.
Usage of Thermoplastic Hose Diminishes Demand for Hydraulic Rubber Hoses
One of the key restraints to the large-scale use of hydraulic rubber hoses is the use of
thermoplastic hoses, especially in high-pressure industrial applications. Hydraulic rubber hoses
are heavier than plastic hoses for the same fluid capacity, can lose their shape while carrying
oil, are better conductors of electricity than plastics, and have a relatively lower tolerance to
certain chemicals and fluids. These problems can cause users in heavy industrial fields to prefer
thermoplastic hoses over hydraulic rubber hoses.
“The coming years can be advantageous for hydraulic rubber hose manufacturers due to a
greater demand from the automotive industry. The industry requires a great deal of different
hose types that can be used to carry various types of fluids,” states the TMR analyst.