A hydraulic rubber hose is a flexible tube used in hydraulic systems for the transfer of fluids, materials, and gases. The design of a rubber hose depends on its application and performance requirements. Some of the common parameters that differentiate types of hydraulic rubber hoses are pressure rating, size, weight, chemical compatibility, and temperature rating. In general, these hoses are reinforced with steel cord, fiber cord, or other material to improve pressure resistance. However, this process also increases the stiffness of the hose. The end uses of a rubber hose range from sprinkling water in gardens to the transferring chemicals in industries.
The global hydraulic rubber hose market is estimated to be valued at US$ 959.3 million in 2021 and is expected to exhibit a CAGR of 5.3% over the forecast period (2021-2028).
Figure 1. Global Hydraulic Rubber Hose Market Value (US$ Mn), by Region, 2020
Asia Pacific held dominant position in the global hydraulic rubber hose market in 2020, accounting for 39.0% share in terms of volume, followed by North America and Europe, respectively.
Market Dynamics- Drivers
Hydraulic rubber hoses are finding applications in a variety of sectors including construction, agriculture, and industrial sector. This high demand is due to advantages offered by rubber hoses over rigid pipe and tubing in certain applications. Rubber hoses have various superior features including low weight, and high shock and vibration, sound absorption, self-lubrication, and resistance to rust. Moreover, they offer excellent performance in high-pressure applications owing to their flexibility. All these properties make them the most prominent choice for industrial applications that demand high flexibility and high pressure and temperature resistance. Moreover, the demand for rubber hoses is significantly high in the agricultural sector, where they are used to transfer water and liquid fertilizers including sprays. In the construction sector, hoses are used for cleaning buildings as well as the processing of iron foundries, metal surfaces, and underground structures. Therefore, these factors are expected to drive growth of the global hydraulic rubber hose market during the forecast period.
There is a major need for improvement in operational efficiency across industries. Hoses are used within an industry for the transfer of air and fluids from one part of a production plant to another. These hoses need to handle a variety of potentially volatile materials during their operation. Rupturing, cracking, or leaking in these hoses may cause downtime for repair or preventive maintenance, which leads to a loss of money and time. A dysfunctional hose creates efficiency issues and thus the reliability of rubber hoses in industrial environments is highly important. Therefore, these factors are expected to propel the global hydraulic rubber hose market growth over the forecast period.
|Base Year:||2020||Market Size in 2021:||US$ 959.3 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2021 to 2028|
|Forecast Period 2021 to 2028 CAGR:||5.3%||2028 Value Projection:||US$ 1,375.5 Mn|
Parker Hannifin Corp., Koman Hydraulic Co., Ltd., RYCO Hydraulics, Eaton (Synflex), Gates Corporation, Kurt Manufacturing, HIC International Co., Polyhose India Pvt. Ltd., Manuli Rubber Industries, Transfer Oil S.p.A, and Piranha Hose Products, Inc.
|Restraints & Challenges:||
In automotive applications, a variety of hose types are used to transfer fuel, oil, and water between different automotive parts. Some of the important types used in automotive applications are the engine, fuel line, fuel injection, air conditioner, power steering, and brake hoses. The automotive industry is witnessing high growth and is anticipated to register significantly high expansion in the coming years, owing to high demand from developing economies in Asia Pacific. Thus, high demand for hoses from the automotive sector offers a potential opportunity for the hydraulic rubber hose market. Moreover, prominent players in the hydraulic rubber hose market such as Koman Hydraulic Co., Ltd, and Parker Hannifin Corp. are focusing on expanding their portfolio in automotive hoses.
The agriculture industry is expanding and changing rapidly with advancements in technology. As a result of the demand for hydraulic rubber hose is increasing rapidly. Key companies in the market can capitalize on these opportunities by offering novel and suitable products for the agriculture sector and gain a competitive edge in the market.
Among regions, North America is expected to witness significant growth in the global hydraulic rubber hose market during the forecast period. This is owing to rising demand for industrial hoses in the U.S. Furthermore, extensive oil exploration and industrialization is expected to boost the regional market growth over the forecast period.
Asia Pacific is expected to continue to remain the largest market by the end of the forecast period. Demand from this region primarily comes from China and India because of their growing agricultural, construction, and industrial sectors. Asia Pacific would also remain the fastest-growing market over the forecast period. Product enhancement is a key strategy that has increased the demand for hydraulic rubber products. Moreover, significant demand also comes from the need to replace hoses due to wear and tear. Product diversification is another key strategy in the market since a variety of hoses, such as air hoses, fuel hoses, and steam hoses are in demand from various end-use industries.
Figure 2. Global Hydraulic Rubber Hose Market Share, By Application, 2020
Key Takeaways of the Graph:
Hydraulic rubber hoses find major use in high-pressure industrial applications. However, this variety of hose is facing stiff competition from its thermoplastic counterpart, which is witnessing high rates of adoption owing to its superior properties. Some of the primary disadvantages of rubber hoses are that they are heavier than plastic hoses (for the same capacity), lose their shape in oil, have a low tolerance to certain fluids and chemicals, and have high electrical conductivity, presenting a hazard in some applications. Moreover, rubber hoses are lacking in properties such as chemical compatibility, abrasion resistance, and corrosion resistance in comparison to their thermoplastic counterparts. Hence, these factors are expected to restrain growth of the global hydraulic rubber hose market during the forecast period.
Production of hydraulic rubber hoses requires skilled personnel. Currently, there is a lack of skilled personnel, especially in emerging economies. These hoses need to be designed meticulously and therefore, it requires technical expertise. Thus, these factors are expected to hinder the global hydraulic rubber hose market growth over the forecast period.
Major companies operating in the global hydraulic rubber hose market are Parker Hannifin Corp., Koman Hydraulic Co., Ltd., RYCO Hydraulics, Eaton (Synflex), Gates Corporation, Kurt Manufacturing, HIC International Co., Polyhose India Pvt. Ltd., Manuli Rubber Industries, Transfer Oil S.p.A, and Piranha Hose Products, Inc.
Hydraulic rubber hose makes an ideal material for extending, expanding, and transporting any fluid, either in a fixed or portable configuration. It is an excellent construction material due to its tensile strength and flexibility, low price, and high durability properties. This high-quality industrial pipe fitting product is extensively used in manufacturing industries for connecting, building, and repairing pipe connections. In addition, it is also used as an expansion tool for constructing pipes in applications where a tight tolerance level is required such as in aerospace applications. It is also used to repair and install flexible pipes that are frequently used for water treatment and sewage plants.
Growing demand from construction, agriculture, and industrial sector is projected to foster growth of the hydraulic rubber hose market. They have low weight, and high shock, self-lubrication, sound absorption, and resistance to rust properties which makes them ideal for wide range of industrial applications. Moreover, increasing need to improve operational efficiency is again expected to accelerate growth of the market.
On the other hand, lack of technical expertise and competition from hoses produce from thermoplastics is expected to restrict growth of the market.
Key features of the study:
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