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Hydraulic Hose Steady Increase Global Market

Dongying Guangyou Rubber Co.,Ltd | Updated: Mar 08, 2016

       Research firm expects the market in its recently published report by the rapid growth of the construction and industrial sectors, demand-driven, global hydraulic hose market in 2022 will reach $ 1.002 billion.
The report noted that the key factor driving global hydraulic hose market development is the growing demand for construction, agriculture and industrial sectors. In 2013 the global market value of hydraulic hoses $ 697.8 million in 2014 - 2022 is expected to average annual growth rate of 4.2%, to 2022 will reach $ 1.002 billion. Hydraulic hose construction site because it can withstand the challenging environment, leading to applications in the construction industry continues to rise. In addition, the industrial sector requires reliable quality rubber hose to prevent hose rupture and leak, which can ensure the safety of workers. Due to the limited life of the hose, replace the old hoses are constantly stimulate demand growth in the market.
       Hydraulic hose market by region mainly in North America, Europe, Asia, Middle East, Africa and Latin America. In 2013, the global hydraulic rubber hose market, the Asia-Pacific region accounted for the largest share of the market, mainly due to high growth in construction activity in the area. Currently the hydraulic hose market is highly fragmented, and no vendors strong enough to dominate the global market. On the one hand, the major manufacturers of hydraulic hoses constantly strive to offer innovative products to meet the different needs of all walks of life. On the other hand, these manufacturers are also working to strengthen the distribution network, thus expanding influence in the world.