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  • Published On : Jan 2022
  • Code : CMI4877
  • Industry : Smart Technologies
  • Pages : 170
  • Formats :

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).

Recent Developments:

  1. Major companies are focused on mergers and acquisitions, in order to enhance the market presence. For instance, in January 2020, Danfoss, a Denmark-based company, acquired Eaton Corporation’s hydraulic business for US$ 3.3 billion.
  2. Key players are involved in product launches, in order to gain a competitive edge in the market. For instance, in December 2019, Gates Corporation introduced a new hydraulic hose line MegaSys MXG 4K hose.

Figure 1. Global Hydraulic Rubber Hose Market Value (US$ Mn), by Region, 2020

Hydraulic Rubber Hose  | Coherent Market Insights

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

  1. Increasing demand from construction, industrial, and agriculture sector is expected to drive growth of the global hydraulic rubber hose market during the forecast period

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.

  1. Rising need to improve operational efficiency is expected to propel the global hydraulic rubber hose market growth over 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.

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Hydraulic Rubber Hose Market Report Coverage

Report Coverage Details
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
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Western Europe: Germany, U.K., France, Italy, and Rest of Western Europe
  • Eastern Europe: Poland, Russia, and Rest of Eastern Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, Israel,  South Africa, North Africa, Central Africa, Rest of Middle East
Segments covered:
  • By Type: Standard Hydraulic Rubber Hose, Mining Hose, Steam Hose, Air Hose, Spiral Hose, Others (Water Blast Hose, Fuel Hose, Automobile Air Conditioning Hose)
  • By Pressure: High Pressure, Medium Pressure, Low Pressure
  • By Application: Agriculture Machinery, Lubrication Lines, Construction Machinery, Industrial and Material Handling Equipment, Power and Telephony Mobile Equipment, Others (Blowout Preventer Control Lines, etc)
Companies covered:

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.

Growth Drivers:
  • Increasing demand from construction, industrial, and agriculture sector
  • Growing need to improve operational efficiency across industries
Restraints & Challenges:
  • Lack of technical expertise
  • Competition from hoses made from thermoplastics

Market Opportunity

  1. Automotive sector can present lucrative growth opportunities in the global hydraulic rubber hose market during the forecast period

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.

  1. Rising modernization of agriculture sector can provide major business opportunities in the global hydraulic rubber hose market

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.

Market Trends

  1. North America Trends

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.

  1. Asia Pacific Trends

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

Hydraulic Rubber Hose  | Coherent Market Insights

Key Takeaways of the Graph:

  • The Construction Machinery held dominant position in the market and accounted for 25.8% share in the global hydraulic rubber hose market in 2020. The segment is expected to reach US$ 0 million in 2028.  Owing to increasing demand of hydraulic rubber hose in construction business.

Market Restraint

  1. Competition from hoses made from thermoplastics is expected to restrain growth of the global hydraulic rubber market during the forecast period

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.

  1. Lack of technical expertise is expected to hinder the global hydraulic rubber hose market growth over 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.

Competitive Section

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.

Market Dynamics:

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:

  • This report provides in-depth analysis of the hydraulic rubber hose market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global hydraulic rubber hose market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include 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.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global hydraulic rubber hose market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hydraulic rubber hose market

Detailed Segmentation:

  • Global Hydraulic Rubber Hose Market, By Type:
    • Standard Hydraulic Rubber Hose
    • Mining Hose
    • Steam Hose
    • Air Hose
    • Spiral Hose
    • Others
  • Global Hydraulic Rubber Hose Market, By Pressure:
    • High Pressure
    • Medium Pressure
    • Low Pressure
  • Global Hydraulic Rubber Hose Market, By Application:
    • Agriculture Machinery
    • Lubrication Lines
    • Construction Machinery
    • Industrial and Material Handling Equipment
    • Power and Telephony Mobile Equipment
    • Others
  • Global Hydraulic Rubber Hose Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles
    • Parker Hannifin Corp.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • 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,
    • Piranha Hose Products, Inc.

*Browse all the market data tables and figures on “Global Hydraulic Rubber Hose Market- Forecast to 2028”

Frequently Asked Questions

The global hydraulic rubber hose market size is estimated to be valued at US$ 959.3 Million in 2021 and is expected to exhibit a CAGR of 5.3% between 2021 and 2028.
Increasing demand from construction, industrial, and agriculture sector is fueling growth of the market.
The Construction Machinery segment is the leading application segment in the market.
Lack of technical expertise is expected to hinder growth of the market.
Major players operating in the market include, 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.
Asia Pacific region is expected to hold dominant position in the market over the forecast period. The growth of the market in the region is driven by growing agricultural, construction, and industrial sectors.

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