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Published Date: 2015-08-27Number of Pages: 102

Hydraulic Thermoplastic Hose and Couplings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022

The vast rise in demand for new commercial and residential projects globally and the construction activities and increased mechanization of agricultural practices in emerging economies in the past few years have had a significant positive impact on the global hydraulic thermoplastic hose and couplings market. The excellent growth prospects of the market have attracted a vast number of small-, medium-, and large-scale manufacturers in the market, intensifying price competition. The need to reduce operational costs has compelled key vendors to move to emerging economies offering low-priced raw materials and labors.

Transparency Market Research states that the global hydraulic thermoplastic hose and couplings market will witness a rise in revenues from US$543.9 mn in 2015 to US$747.2 mn by 2022. Growth will be mostly driven by rising applications across industries such as construction, agriculture, and material handling in the manufacturing sector.

Hydraulic Thermoplastic Hoses Emerge as Prominent Revenue Contributor

The market for hydraulic thermoplastic hose is presently the dominant segment in the market, accounting for a share of over 80% in the overall market in 2015. Revenue-wise, the contribution of this segment to the global market stood at US$474.73 mn in 2015 and is expected to rise to US$651.53 mn by 2022. However, owing to rising demand for replacement across aging hydraulic equipment across several applications, the overall growth of hydraulic couplings is expected to outpace that of hydraulic thermoplastic hose in the next few years.

Nevertheless, owing to the eminent revenue contribution to the global market, the segment of hydraulic thermoplastic hose will continue to remain the most influential product variety in the foreseeable future. Revenue contribution of hydraulic couplings to the global market is expected to rise to US$95.63 mn by 2022.

Asia Pacific to Retain Leading Position, North America to Witness Healthy Growth

In terms of geography, Asia Pacific is presently the dominant regional market for hydraulic thermoplastic hose and couplings. The vast demand for these products in the region can be attributed to the vast rise in infrastructure development and new construction projects in the past few years. The market will also benefit from the increased use of hydraulic thermoplastic hose and couplings in farm and agriculture equipment as the trend of mechanization of agricultural processes gains strength.

In 2015, the revenue contribution of the Asia Pacific hydraulic thermoplastic hose and couplings to the global market stood at US$215.84 mn and is expected to rise to US$301.10 mn by 2022. North America, which presently follows Asia Pacific in terms of revenue contribution to the global market, will expand at a healthy pace over the period between 2014 and 2022 as well. Demand will be driven by the revival of the region’s construction industry and increased demand for handling equipment in industrial applications.

Expansion Strategies across Emerging Markets Gain Importance

The market features a highly fragmented competitive landscape and high cost pressures. To stay ahead in the rife competition, companies are adopting the course of global expansion and ways of reducing operational costs. Extension of manufacturing capacities to emerging economies, with low raw material and labor costs, is one of the most adopted strategies in the market. This has led to the establishment of several hydraulic thermoplastic hose and couplings manufacturing units across countries such as India and China in the past few years.

Some of the market’s leading vendors are Gates Corporation, Eaton Corporation Plc, Parker Hannifin Corporation, Polyhose India Pvt. Ltd., Manuli Rubber Industries S.p.A., RYCO Hydraulics Pty Ltd., Poly Flow LLC, Piranha Hose Products, Inc., and Kurt Manufacturing Co., Inc.

 
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


 
 
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