Hydraulic Rubber Hose Market – Detailed Analysis of Current Industry Figures with Forecasts Growth By 2022
The global hydraulic rubber hose market , valued at US$ 697.8 Mn in 2013, is expected to see growth at a CAGR of 4.2% during the period from 2014 to 2022. The hydraulic rubber hoses are used to carry fluids within the hydraulic machinery. A variety of hoses differentiated by material, temperature range, pressure range, and weight are being used for applications across all major industries. Rubber hoses possess various properties such as shock and vibration resistance, sound absorption, rust resistance, high power load bearing capacity, and self-lubrication among others. Performance under extreme temperature and pressure conditions coupled with efficiency are the key requirements of an end-user while selecting a hydraulic rubber hose.
The global hydraulic rubber hose market is segmented by application, by type, and by geographic regions. The majority of hydraulic rubber hose were used in construction machinery, industrial and material handling equipment, and agricultural machinery applications in 2013. Construction machinery segment is anticipated to witness fastest growth over the forecast period from 2014 to 2022 led by unprecedented demand from emerging economies such as India. These economies have been witnessing rise in the number of construction projects which is consequently raising the demand for construction machinery and thus hydraulic rubber hoses. Further, a variety of hose types including standard rubber hose, steam hose, air hose, fuel hose and mining hose are being used across all major industries globally.
Request Sample Copy of the Report @ https://goo.gl/qGQW0S
Based on the revenue generated from different geographies, Asia Pacific was the key contributor to the global hydraulic rubber hose market in 2013. High economic growth in countries such as China and India has led to an increase in the number of residential and commercial projects. This is fuelling the demand for construction machinery and thereby hydraulic rubber hoses. Furthermore, agricultural sector is also a key contributor to the high demand developing in Asia Pacific region. North America and Europe followed Asia Pacific in terms of market revenue for hydraulic rubber hoses. Other regions such as Middle East and Africa, and Latin America are also expected to witness moderate growth in the coming years.
The hydraulic rubber hoses market is highly fragmented with companies adopting various strategies to sustain the high competition. New product development, expansion of product portfolio through product enhancements, business partnerships and geographic expansions are some of the commonly adopted strategies by these players to strengthen themselves and expand their position in the global hydraulic rubber hose market. Some of the key players in the hydraulic rubber hose market include Polyhose India Pvt. Ltd., RYCO Hydraulics, Gates Corporation, HIC International Co., Manuli Rubber Industries, Piranha Hose Products, Inc., Transfer Oil S.p.A., Parker Hannifin Corp., Kurt Manufacturing, Eaton (Synflex), Koman Hydraulic Co., Ltd.
Read Complete Report @ http://www.mrrse.com/hydraulic-rubber-hose-market
Table of Content
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global Hydraulic Rubber Hose Market Overview
Chapter 4 Company Profiles
MRRSE stands for Market Research Reports Search Engine, the largest online catalog of latest market research reports based on industries, companies, and countries. MRRSE sources thousands of industry reports, market statistics, and company profiles from trusted entities and makes them available at a click. Besides well-known private publishers, the reports featured on MRRSE typically come from national statistics agencies, investment agencies, leading media houses, trade unions, governments, and embassies.
90 State Street, Suite 700
Albany, NY 12207