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Global Hydraulic Thermoplastic Hose and Couplings Market: Snapshot

Presence of several players makes the global thermoplastic hydraulic hose and couplings market considerably fragmented. In order to thrive in such a fragmented landscape savvy players are seen refurbishing their product lines. They are also seen focusing on bettering their geographical footprints. To do so, most of them have turned their gaze upon the relatively under-tapped markets in Asia Pacific such as China and India. Owing to cheap land and labor in the region, manufacturing costs are relatively less there. This has egged them to set up manufacturing units in Asia Pacific.

The global hydraulic thermoplastic hose and couplings market is mainly being buoyed by the surge in commercial and residential projects. Growing mechanization of agricultural activities is also serving to boost demand in the global hydraulic thermoplastic hose and couplings market. This robust rise in demand coupled with the reasonable upfront capital required for setting up manufacturing units has resulted in many large, medium, and small organizations foraying into the space. This has been putting a downward pressure on the price of final products.

The only challenge for the global thermoplastic hydraulic hose and couplings market is the high cost of maintenance. Despite the drawback, the market is set to rise in the near future because of the numerous advantages of thermoplastic hose and couplings over rubber and metal products.

A research report on the global thermoplastic hydraulic hose and couplings market finds that it would likely pull in a revenue of US$747.2 mn by 2022 from US$543.9 mn in 2015.

High Demand for Hydraulic Thermoplastic Hose Drives Market

The two different types of products available in the global hydraulic thermoplastic hose and couplings market are hydraulic couplings and hydraulic thermoplastic hose. Between the two, the hydraulic thermoplastic hose is seeing an outsize demand. As a result, its contribution to revenue in the overall market is also considerable. The TMR report predicts the segments revenue contribution to grow to US$651.53 mn by 2022.

Going forward, however, the global thermoplastic hydraulic hose and couplings market is set to see a fast paced increase in demand for hydraulic couplings because of the rapidly aging hydraulic equipment being currently used for various applications. Despite this, the product segment may not be able to beat hydraulic thermoplastic hose with respect to revenue generation. Contribution to overall revenue by the hydraulic couplings is set to reach US$95.63 mn by 2022.

Asia Pacific Market See Solid Demand from Burgeoning Construction Sector

Geographically, the global thermoplastic hydraulic hose and couplings market is spread across Asia Pacific, Europe, North America, South America, and the Middle East and Africa. Among them, the Asia Pacific thermoplastic hydraulic hose and couplings market is witnessing robust demand. This is because of the several infrastructural and construction projects in the region, particularly in the nations of China and India. Demand in the region is also rising because of the soaring use of hydraulic thermoplastic hose and couplings in farming procedures. According to the TMR report, the revenue in the Asia Pacific thermoplastic hydraulic hose and couplings market will likely become worth US$301.10 mn by 2022.

Asia Pacific is trailed by North America in the global thermoplastic hydraulic hose and couplings market in terms of revenue generation. This is mainly on account of the revival of the construction industry in the region.

Prominent participants in the global thermoplastic hydraulic hose and couplings market that have been profiled in the report are Gates Corporation, Parker Hannifin Corporation, Eaton Corporation Plc, Polyhose India Pvt. Ltd., RYCO Hydraulics Pty Ltd., and Manuli Rubber Industries S.p.A.

 
A hydraulic hose is a high-pressure tube designed to carry/transport fluids to transfer force within any hydraulic machinery. Considering the high pressures and temperatures involved in hydraulic applications, thermoplastics exhibiting high abrasion resistance, high flexibility, low weight, and the ability to handle high pressure have ensured the growing adoption of thermoplastic hose in hydraulic applications.
 
The research study titled “Hydraulic Thermoplastic Hose and Couplings Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2022” provides strategic analysis of the global hydraulic thermoplastic hose and couplings market along with the market growth (size in US$ Mn) forecast for the period from 2014 to 2022. The report includes competitive analysis of various market segments based on applications, types, and in-depth cross-sectional scrutiny across different geography segments of the hydraulic thermoplastic hose and couplings market. In order to aid in strategic decision-making, the report also includes competitive profiling of the leading hydraulic thermoplastic hose and couplings manufacturers in the industry, their market positioning, recent developments, and the winning strategies adopted by them. Other in-depth analysis covered in the report provides insights into industry competition, market dynamics, and the most profitable segments in the hydraulic thermoplastic hose and couplings market. Furthermore, the report analyzes the current and future market potential for hydraulic thermoplastic hose and couplings across the globe.
 
On the basis of applications, the hydraulic thermoplastic hose and couplings market is segmented into: agriculture equipment, lubrication lines, construction equipment, industrial and material handling equipment, power and telephony mobile equipment, and other applications (blowout preventer control lines, etc.). The market revenue and forecast for different application and product segments have been included in the report for the period from 2012 to 2022 in terms of US$ Mn, along with the CAGR for the forecast period from 2014 to 2022. Furthermore, the report also segments the hydraulic thermoplastic hose and couplings market on the basis of type in to hydraulic thermoplastic hose and hydraulic couplings. The regional analysis of the hydraulic thermoplastic hose and couplings market gives in-depth insights into the current trends prevailing in different regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Each of these segments provides market size and forecast for the period from 2012 to 2022, highlighting the key factors responsible for influencing and challenging the market growth.
 
The report also provides the breakdown and review of the various factors affecting the growth of the hydraulic thermoplastic hose and couplings market, appropriately described as market drivers, restraints, and opportunities. These factors emphasize upon the existing trends and their impact on the market growth. In addition, the report provides a separate section focusing on the key trends and future outlook of the hydraulic thermoplastic hose and couplings market. Overall, the report includes a holistic analysis of the global hydraulic thermoplastic hose and couplings market and provides growth estimates for the period from 2014 to 2022, keeping in mind the various factors affecting the market.
 
Hydraulic Thermoplastic Hose and Couplings Market, By Product Type
  • Hydraulic Thermoplastic Hose
  • Hydraulic Couplings
Hydraulic Thermoplastic Hose and Couplings Market, By Application:
  • Agriculture Equipment
  • Construction Equipment
  • Industrial and Material Handling Equipment
  • Lubrication Lines
  • Power and Telephone Mobile Equipment 
  • Other Applications (Blowout Preventer Control Lines, etc.)
Hydraulic Thermoplastic Hose and Couplings Market, By Geography:
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America