Asia-Pacific hydraulic hose market is estimated to grow at a CAGR of 5.8% during the forecast period. The market growth is mainly backed by the well-established construction industry, along with the presence of global giants in the region. Along with that, there is an inclination towards eco-friendly construction projects, along with the cohesive government initiatives in the development of the smart industrial sector, which is expected to positively impact the revenue of the market in the region. However, the widespread of the COVID-19 pandemic has severely impacted Asia-Pacific. Due to this, a large number of end-user industries have been impacted that further affects the market growth.
The Asia-Pacific market for the hydraulic hose is divided on the basis of product type and industry. Based on the product type, the market is further classified into articulated, reinforced, coiled, and other(corrugated). The reinforced segment is projected to have a considerable share owing to the growing application in various industries such as construction and mining. Based on the industry, the market is further segmented into agriculture, construction & mining, manufacturing, and others. The agriculture segment is estimated to have considerable growth in the market owing to the significant advancement in the agriculture process. Based on geography, the Asia-Pacific hydraulic hose market is further segmented into China, India, Japan, and the Rest of Asia-Pacific. Among, geography China is projected to have the largest market share in the market.
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Asia-Pacific Hydraulic Hose Market – Segmentation
By Product Type
- Articulated
- Reinforced
- Coiled
- Other (Corrugated)
By Industry
- Agriculture
- Construction & Mining
- Manufacturing
- Others (Pharmaceuticals)
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Asia-Pacific Hydraulic Hose Market – Segmentation by Region
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- ALFAGOMMA Spa
- Bridgestone Corp.
- Continental AG
- Eaton Corporation plc
- Hose-tech Ltd.
- HeBei Jingbo Petroleum Machinery Co., Ltd.
- Mithra Fluidtrans Pvt. Ltd.
- Manuli Hydraulics Group
- Parker-Hannifin Corp.
- Ryco Hydraulics Pty Ltd.
- Semperit Group
- Sumitomo Riko Co. Ltd.
- The Yokohama Rubber Co., Ltd.
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