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Currently, hydraulic rubber hoses are witnessing high demand from the construction and industrial se

Currently, hydraulic rubber hoses are witnessing high demand from the construction and industrial se



Hydraulic hose market $1bn strong by 2022

September 2015

A new report published by Transparency Market Research shows that the market for hydraulic rubber hoses globally is forecast to reach $1.002 billion by 2022.

The report titled, “Hydraulic Rubber Hose Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2022”, says the global hydraulic rubber hose market was valued at $697.8 million in 2013 and the market is anticipated to grow at a CAGR of 4.2 per cent during the period from 2014 to 2022. Currently, hydraulic rubber hoses are witnessing high demand from the construction and industrial sectors.

The availability of hoses that can withstand challenging environment at the construction sites is the major factor responsible for high demand for hydraulic rubber hoses in this sector. Moreover, industrial sector demands reliable hoses that can ensure the safety of workers by preventing hose bursts and leaks.

The market has also been witnessing demand from replacement of old hoses since they have a limited lifespan.

Based on geographic regions, the hydraulic rubber hose market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

In terms of regional adoption, Asia Pacific held the highest market share in the global hydraulic rubber hose market in 2013.

This dominance is attributed to the high growth in construction activities that has led to increase in the number of construction projects.

The hydraulic rubber hose market is highly fragmented and no player has a strong hold on the global market.

These prominent players are also focusing on strengthening their distribution network, thereby increasing their global presence. Some of the key players in the global hydraulic rubber hose market include Polyhose India, RYCO Hydraulics, Gates Corporation, HIC International Co, Manuli Rubber Industries, Piranha Hose Products, Inc; Transfer Oil SpA, Parker Hannifin Corp, Kurt Manufacturing, Eaton (Synflex) and Koman Hydraulic Co Ltd.




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