Technavio announced its latest market research report, titled "Global Hydraulic Hose and Accessories Market 2020-2024." (Illustration: Business Wire)
Technavio announced its latest market research report, titled "Global Hydraulic Hose and Accessories Market 2020-2024." (Illustration: Business Wire)
LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global hydraulic hose and fittings market since 2017, which is expected to grow by USD 50609 million during 2019-2023 during the forecast period Growth at a compound annual growth rate of nearly 5%. Request a free sample page
Read the 158-page report containing TOC "Analysis of hydraulic hoses and accessories market by region (Asia Pacific, Europe, MEA, North America and South America), end users (construction machinery, agricultural machinery, material handling machinery and others)") , And market segment forecasts for 2019-2023".
The market is driven by agricultural mechanization and the growth of the agricultural machinery market. In addition, the growth of unconventional exploration and production projects is expected to drive the growth of the hydraulic hose and accessories market.
Factors such as increasing global food demand and declining arable land and skilled labor have increased the use of agricultural machinery. In addition, technological innovation in developed countries, the increase in the degree of agricultural mechanization, and the increase in farmers' per capita income have further increased the use of agricultural machinery. The rise of agricultural mechanization and the subsequent growth of the agricultural machinery market have had a positive impact on the demand for hydraulic hoses and accessories in the market.
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Five major hydraulic hose and accessory companies:
Bridgestone owns and operates cross-departmental businesses, such as tire business and diversified product business. The company provides a wide range of hydraulic hose products suitable for various applications in construction, construction, mining, agriculture, transportation, food and other industries.
Continental owns and operates businesses in various fields such as chassis and safety, interiors, powertrain, tires and ContiTech. The company provides hydraulic hoses under the ContiTech brand, such as constant pressure hoses, hoses with maximum wear resistance, and push-in hoses, suitable for construction, oil and gas, mining, manufacturing, and transportation.
Eaton Corp. Plc owns and operates businesses in various fields including electrical products, electrical systems and services, hydraulics, aerospace, vehicles and electric vehicles. The company offers a wide range of hydraulic hoses and accessories for various applications. Some of the products offered by the company include Synflex and Arrow Flo-Guard.
Gates owns and operates businesses in the fields of power transmission and fluid power. The company's products include Gates textile braided reinforced hydraulic hoses, spiral steel wire hoses, joints and components, and thermoplastic hydraulic hoses.
Komatsu Ltd. owns and operates cross-departmental businesses, such as construction, mining and utility equipment business, retail finance, industrial machinery, etc. The company provides a wide range of hydraulic hoses and accessories for various industrial applications. Komatsu original hose is one of its main products.
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End-user outlook for hydraulic hoses and accessories (revenue, million dollars, 2020-2024)
Regional outlook for hydraulic hoses and accessories (revenue, million dollars, 2020-2024)
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Technavio Research Jesse Maida Media and Marketing Director United States: +1 844 364 1100 United Kingdom: +44 203 893 3200 Email: media@technavio.com Website: https://www.technavio.com/
The global hydraulic hose and accessories market is expected to grow by US$50609 million during 2019-2023, with a compound annual growth rate of close to 5%.
Technavio Research Jesse Maida Media and Marketing Director United States: +1 844 364 1100 United Kingdom: +44 203 893 3200 Email: media@technavio.com Website: https://www.technavio.com/