Transparency Market Research in its recently published market report is expected to be driven by rapid growth in construction and industrial sector demand, the global hydraulic rubber hose market size will reach $ 1,202 million in 2022.
The report notes that the key drivers for the development of the global hydraulic rubber hose market are the growing demand for the construction, agricultural and industrial sectors. 2013 global rubber and rubber hose market value of 697.8 million US dollars, 2014-2022 is expected to 4.2% annual growth rate of growth to 2022 will reach 1.020 billion US dollars. Hydraulic rubber hoses have been able to withstand the challenging environment of construction sites, leading to rising demand for construction in the construction industry. In addition, the industrial sector requires rubber hose quality and reliable, to prevent the rupture and leakage of the hose, which can ensure the safety of workers. Due to the limited service life of the hose, the replacement of the old hose also continues to stimulate the market demand growth.
Hydraulic rubber hose market by region mainly in North America, Europe, Asia Pacific, the Middle East, Africa and Latin America. In the global hydraulic rubber hose market in 2013, the Asia-Pacific region accounted for the largest market share, mainly due to the rapid growth of construction activities in the region. At present the hydraulic rubber hose market is highly dispersed, no one strong manufacturers to dominate the global market. On the one hand, the major hydraulic rubber hose manufacturers continue to strive to introduce innovative products, in order to meet the different needs of all walks of life. On the other hand, these manufacturers are also committed to strengthening the distribution network, thereby expanding the influence in the world.
The world’s leading manufacturers of hydraulic rubber hose market include India Polyhose Company, HIC International Company, Australia RYCO Hydraulic Hose Company, Gates Corporation, Parker Hannifin Company, Kurt Manufacturing Company, Eaton Corporation, Italy Manuli Rubber Industrial companies, Belgium Piranha hose products company and the Korean hydraulic hose company.