Hydraulic Rubber Hose Market Size, Share, Growth Report 2032

Industry Prospective:

The global hydraulic rubber hose market size was worth around USD 1.2 Billion in 2022 and is predicted to grow to around USD 1.8 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.2% between 2023 and 2030. The report analyzes the global hydraulic rubber hose market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the hydraulic rubber hose industry.

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Hydraulic Rubber Hose Market: Overview

The hydraulic rubber hose is made from thermoplastic material or synthetic rubber. It carries fluid that transmits force within the hydraulic machinery. To protect the hose from weather conditions, abrasion, and oil or chemicals, the hose is made of three layers: the inner layer, the reinforcement layer, and the outer protective layer. The hydraulic hose is used in various sectors such as the industrial sector, agricultural sector, construction sector, and others. The durability of the hydraulic hose is limited owing to the changing climatic conditions which result in abrasion.

Nitrile rubber, which is compatible with the majority of hydraulic fluids, is typically used to make rubber hydraulic cables. For pressures up to 7,000 psi and higher, high tensile steel wire can be used in rubber hoses instead of textile braids for uses requiring lower pressures of less than 1,000 psi. The most popular type is one that is strengthened with wire. There are constructions with one to six levels of reinforcement.

Key Insights

• As per the analysis shared by our research analyst, the global hydraulic rubber hose market is estimated to grow annually at a CAGR of around 5.2% over the forecast period (2023-2030).
• In terms of revenue, the global hydraulic rubber hose market size was valued at around USD 1.2 billion in 2022 and is projected to reach USD 1.8 billion, by 2030.
• The increasing demand in the agricultural, construction, and industrial sectors is driving the hydraulic rubber hose industry. The increased demand for food consumption has compelled the agriculture industry to increase its crop yields, thus increasing the demand for hydraulic rubber hoses in the market.
• Based on the pressure, the medium pressure segment is expected to dominate the market over the forecast period.
• Based on region, the Asia Pacific is expected to dominate the growth of the market over the forecast period.

Hydraulic Rubber Hose Market: Growth Drivers

The growing demand from various end-use industries drives the market growth

Due to the need for high operating pressure and maximum abrasion resistance for the equipment, the construction industry is expected to substantially boost its demand for hydraulic rubber hoses. Hydraulic hoses are being added to a variety of construction machinery, including bulldozers, wheel loaders, excavators, and backhoes. Because these structures are made to use the least amount of energy possible, the global hydraulic rubber hose market is benefiting from the rise in demand for energy-efficient green buildings. Additionally, the increased demand for food has allowed the agricultural industry to increase crop production, which has increased the demand for hydraulic rubber hoses. Hydraulic rubber hoses are used in material processing, pulp and paper, and chemical industries to transport fluids. The primary driver of the hydraulic rubber hoses market is the rising demand from sectors to maintain their operational effectiveness.

Hydraulic Rubber Hose Market: Restraints

Competition from hoses made from thermoplastics impedes the market growth     

Industrial uses requiring high pressure frequently use hydraulic rubber hoses. The thermoplastic version of this type of hose, which is gaining popularity due to its better qualities, is challenging it directly in the market. Rubber hoses have some major drawbacks, such as being heavier than plastic hoses, losing their shape in oil, being less resistant to some chemicals and fluids, and having a high electrical conductivity, which can be risky in some uses. Furthermore, when compared to their peers, rubber hoses fall short in terms of qualities like chemical compatibility, abrasion resistance, and corrosion resistance. Thus, over the forecast period, this is anticipated to restrain the hydraulic rubber hose industry development.

Hydraulic Rubber Hose Market: Opportunities

The growing automotive industry offers an attractive opportunity

During the forecast period, the hydraulic rubber hose industry market is anticipated to benefit greatly from the expanding automotive industry. For instance, the automotive industry produced a total of 22,933,230 vehicles between April 2020 and March 2021, including passenger cars, commercial trucks, three-wheelers, two-wheelers, and quadricycles, according to the Society of Indian automotive Manufacturers. Additionally, over the anticipated timeframe, consumer desire for cutting-edge automotive technologies will further fuel market growth.

Hydraulic Rubber Hose Market: Challenges

Lack of technical expertise poses a major challenge

Hydraulic rubber hose production requires qualified experts. Professionals with the necessary skills are in short supply right now, particularly in emerging countries. These hoses must be carefully designed, which necessitates technical know-how. This presents a significant obstacle to the growth of the industry.

Hydraulic Rubber Hose Market: Segmentation

The global hydraulic rubber hose industry is segmented based on the type, pressure, application, and region.

Based on the pressure, the global market is bifurcated into high pressure, medium pressure, and low pressure. The medium pressure segment is expected to dominate the market over the forecast period. Since it was created mainly for gardening and lawn care, this segment's growth may be attributed to its adaptability. With a sturdy, weather-resistant vinyl cover that allows for flexibility even in cold conditions, they are designed for all-year use. Additionally, its robust crush-resistant connections offer dependability and longevity. In the following few years, these factors are anticipated to fuel revenue development.

Based on type, the hydraulic rubber hose industry is divided into standard hydraulic rubber hose, mining hose, steam hose, air hose, spiral hose, and others.

Based on application, the market is segregated into agriculture machinery, lubrication lines, construction machinery, industrial and & material handling equipment, power and & telephony mobile equipment, and others.

Recent Developments:

• In December 2019, in India, Gates launched the MXG 4K rubber hydraulic line. Extremely flexible, light, and compact are all features of the product's construction, and it applies to both the industrial and automotive industries. This introduction will help Gates grow its business in India.
• In April 2019, Verstran, a high-pressure hose, was introduced to Yokohama Rubber Co., Ltd.'s current product offerings. The novel product could be applied to industrial machines, construction projects, and offshore oil rigs. This introduction will help the business broaden its product offering.
• In July 2022, a division of Manuli Rubber Industries (MRI), Fluiconnecto Holdings B.V., recently revealed its acquisition of Mend A Hose Hydraulics (MAH), a business with operations in the UK.

Hydraulic Rubber Hose Market Report Scope:

Hydraulic Rubber Hose Market: Regional Analysis

The Asia Pacific is expected to dominate the market during the projected period

The Asia Pacific is expected to dominate the global hydraulic rubber hose market during the forecast period. The growth in the region is attributed to rapid industrialization and the increasing construction industry, especially in the countries like India and China. For instance, According to the India Brand Equity Foundation (IBEF), India plans to spend USD 1.4 trillion in infrastructure over the next five years through its "National Infrastructure Pipeline." Inflows of FDI totaled USD 81.72 billion in FY21, 13% of which came from activities involving infrastructure.

As of August 22, 2022, the Pradhan Mantri Awas Yojna plan has sanctioned 122.69 lakh houses, laid the foundation for 103.01 lakh homes, and completed 62.21 lakh homes. Additionally, the expansion of infrastructure projects like roads, smart cities, and others is providing a desirable opportunity for market growth. For instance, by the year 2050, two out of every three people are anticipated to reside in cities or other urban regions, according to the United Nations Department of Economic and Social Affairs. India, China, and Nigeria taken together will be responsible for 35% of the anticipated rise in the world's metropolitan population between 2018 and 2050.

Estimates predict that by 2050, metropolitan populations in India, China, and Nigeria will have increased by 416 million, 255 million, and 189 million, respectively. Thus, the growing construction industry in the region is expected to provide a lucrative opportunity for market growth.

North America is expected to grow at a significant rate during the forecast period. This may be attributed to the increasing demand for rubber-plated hoses in the food and beverage industries as well as the increased use of rubber hoses in the petrochemical, automotive, and transportation sectors, which will propel revenue growth in North America.

Hydraulic Rubber Hose Market: Competitive Analysis

The global hydraulic rubber hose market is dominated by players like:

• Polyhose
• THE YOKOHAMA RUBBER CO. LTD.
• Tubes International Sp. z o.o.
• PARKER HANNIFIN CORP
• Titeflex,  Bridgestone Engineered Products of Asia Sdn Bhd.
• Gates Corporation
• Hydravia
• Zycon Global Services LLC
• Eaton
• Flexitallic
• Singer Industrial
• LUCOHOSE CO. LTD
• Exitflex
• Agya Engineering Co.
• Propulse
• Rubber & Gasket Company of America
• HIC International Co Inc
• Avonhose
• ContiTech AG and Vardhman Hoses Pvt. Ltd.

The global hydraulic rubber hose market is segmented as follows:

By Type

• Standard Hydraulic Rubber Hose
• Mining Hose
• Steam Hose
• Air Hose
• Spiral Hose
• Others

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

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa