Growing demand from the construction, industrial, and agricultural sectors will drive the worldwide hydraulic rubber hose market during the projected period. Throughout the projected period, the growing requirement to increase operational efficiency is likely to boost the worldwide hydraulic rubber hose market growth. Over the projected period, the automotive industry may give profitable growth prospects in the worldwide hydraulic rubber hose market. Increasing agricultural modernisation may give significant commercial prospects in the worldwide hydraulic rubber hose market. Competition from thermoplastic hoses is projected to limit expansion of the global hydraulic rubber market during the forecast period. Throughout the forecast period, the worldwide hydraulic rubber hose market is likely to be hampered by a lack of technical competence.
According to Coherent Market Insights, 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).
Key Companies in the Hydraulic Rubber Hose Industry:
1. Parker Hannifin Corp.
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments, Diversified Industrial and Aerospace Systems. The company was founded in 1917 and is headquartered in Cleveland, Ohio. In November 2020, Parker Hannifin introduces new thermoplastic hoses to streamline hydraulic capabilities.
2. Koman Hydraulic Co., Ltd.
Koman Hydraulic Co., Ltd. was founded in 1981. The company's line of business includes manufacturing fluid power valves and hose fittings. Headquartered in Korea.
3. RYCO Hydraulics
RYCO Hydraulics specializes in the manufacturing and design of hydraulics, adaptors, couplings, filters, mobile hoses and accessories. Founded in 1947, headquartered in Australia.
4. Eaton (Synflex)
Eaton Corporation plc operates as a power management company worldwide. Eaton Corporation plc was founded in 1911 and is based in Dublin, Ireland.
5. Gates Corporation
Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The company was founded in 1911, headquartered in Denver, U.S.
6. Kurt Manufacturing
Kurt Manufacturing is a manufacturer and distributor of metal components, hydraulics, and fluid trainers with machining solutions. The company was headquartered in Minnesota, U.S. founded in 1946.
7. Polyhose India Pvt. Ltd.
Polyhose is a Global diversified industrial conglomerate focused on design, development, manufacturing and distribution of energy conveyance products. The company was founded in 1996, headquartered in India.
8. Manuli Rubber Industries
Manuli Rubber Industries manufactures and supplies fluid conveyance solutions and other components for mining industries. The company was founded in 1935, headquartered in Italy. In February 2020, Manuli Rubber Industries SpA (MRI), headquartered in Milan, and RYCO Hydraulics Pty Ltd (RYCO), headquartered in Melbourne, jointly announced that MRI has completed the acquisition of a majority shareholding in RYCO.
9. Piranha Hose Products, Inc.
Piranha Hose Products, Inc. has been providing high pressure sewer hoses to industry since 1959. In 2005, Piranha became a Kuriyama Group Company. Centrally located in the heart of Northern Michigan, our modern production facility provides industry with quality made high pressure hose products that deliver reliable performance for the sewer cleaning, paint spraying and hydraulic hose markets. Piranha has a worldwide distribution network in place to make sure that our customer`s needs and expectations are met on a daily basis.
*Definition- A hydraulic rubber hose is a flexible tube used to convey fluids, materials, and gases in hydraulic systems. A rubber hose's design is determined by its application and performance requirements.
