The global Hydraulic Hose Market report present evidence-based information and covers all the market details such as the latest technology trends, market opportunity analysis, and competitive landscape. The report also covers regional market share, size along with market drivers and restraints for the forecast period of 2018-2024. Further, this research report also delivers information associated with the latest developments by major players with their respective market share in the market.
According to the global Hydraulic Hose Market report published by Value Market Research, the market is expected to touch USD 1,650.0 Million by 2024, with a CAGR of 5.10% growing from USD 1,213.8 Million in 2017.
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the hydraulic hose market includes Parker, Manuli, Alfagomma, Yokohama Rubber, Gates, Bridgestone, Eaton, Semperit, HANSA-FLEX, Sumitomo Riko, Continental, RYCO, Kurt and Others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Market Dynamics
The rising demand for reliable hoses ensuring the safety of workers in the industrial sector by the prevention of hose leaks or bursts drives the growth of the market for hydraulic hoses. Hydraulic hoses have contributed a share of 34% with majority of the demand coming from an industrial sector which uses high-value premium hoses for power transmission and other purposes.
Mining is another important outlet for hydraulic hose. Mining industry accounts for over 18% share of the revenue generated by hydraulic hose. Growth of mining industry across the world especially in Asia Pacific, Latin America and Africa is expected to boost the demand for hydraulic hose industry in the years to come. However, less advancement in technology and the limited number of raw materials available coupled with less scope for product differentiation is likely to hamper the market growth of hydraulic hose.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of hydraulic hose.
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Market Segmentation
The broad hydraulic hose market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
Spiral Wire Hydraulic HoseWire Braided Hydraulic Hose
By Application
Engineering MachineryMiningIndustrial ApplicationOthers
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for hydraulic hose in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
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