The global hydraulic hose market was valued at US$ 1.7 Bn in 2016, and is expected to register a CAGR of 4.8%.
On the basis of type segmentation, the spiral wire hydraulic hose segment is expected to register highest CAGR of over 5.0%.
On the basis of application segmentation, the engineering machinery segment registers highest CAGR over 5.0%.
The Asia Pacific market accounts for highest revenue share in the global hydraulic hose market. The Asia Pacific hydraulic hose market is expected to register highest CAGR of over 5% during the forecast period. The market in North America accounted for significant revenue share of over 20% in the global hydraulic hose market in 2016.
Key players operating in the global hydraulic hose market include Parker Hannifin Corp., Manuli Hydraulics, Alfagomma Hydraulic S.p.a., The Yokohama Rubber CO., LTD., Gates Corporation, Bridgestone Corporation, Eaton Corporation, Semperit AG Holding, etc.