The US hydraulic hose market is estimated to grow at a CAGR of 5.0% during the forecast period. The significant growth in the construction and mining industry further provide considerable growth to the market. As per the US Geological Survey (USGS), in 2019, the US mines produced nearly $86.3 billion in minerals in 2019, $2 billion higher compared to revised 2018 production totals. This leads to the increasing demand for hydraulic hose which involves the minerals extractions that may have a significant economic value from underwater deposits. However, the US mineral mining industry is expected to be affected by the COVID-19 outbreak owing to the lack of demand from end-users such as construction, automotive, and jewelry amid the lockdown effect.
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The US market for the hydraulic hose is segregated 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 US hydraulic hose 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 high adoption of advanced technologies in the agriculture process in the country.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
US Hydraulic Hose Market by Product Type
- Articulated
- Reinforced
- Coiled
- Other (Corrugated)
US Hydraulic Hose Market by Industry
- Agriculture
- Construction & Mining
- Manufacturing
- Others (Pharmaceuticals)
Company Profiles
- Able Hose & Rubber LLC
- Bridgestone Corp.
- Continental AG
- Eaton Corporation plc
- Gates Industrial Corporation plc
- Kuriyama of America, Inc.
- Parker-Hannifin Corp.
- Semperit Group
- Trelleborg AB
- The Yokohama Rubber Co., Ltd.
The Report Covers
- Comprehensive research methodology of the US hydraulic hose market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US hydraulic hose industry.
- Insights about market determinants that are stimulating the US hydraulic hose market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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