According to a new market report published by Acute Market Reports “Hydraulic Thermoplastic Hose and Couplings Market (Construction Equipment, Agricultural Equipment, Industrial and Material Handling, Lubrication Lines, Power and Telephone Mobile Equipment, and Other End-use Applications) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2023 - 2030”, the hydraulic thermoplastic hose and couplings market is expected to expand at a CAGR of 4.7% from 2023 to 2030, reaching US$ 1288.5 by 2030.
Browse the full Hydraulic Thermoplastic Hose and Couplings Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2023 - 2030 report at https://www.acutemarketreports.com/report/hydraulic-thermoplastic-hose-and-couplings-market
Product and Market Insights
A hydraulic thermoplastic hose is a thermoplastic pipe designed to carry fluids necessary for transferring force inside hydraulic machinery. In view of high temperatures and pressures involved in hydraulic applications, choosing right raw material for manufacturing hoses is extremely crucial. Superior characteristics including ability to stand high pressure, high abrasion resistance, and low weight makes thermoplastic a preferred material for manufacturing hydraulic hoses. On the other hand, couplings are used to connect two hoses together at their ends for transmitting the requisite power. Hydraulic thermoplastic hose and couplings find applications in agricultural machinery, construction machinery, industrial and material handling equipment, lubrication lines, and power and telephone mobile equipment among others.
Competitive Insights
The global hydraulic thermoplastic hose and couplings market is matured and concentrated. The top four hydraulic thermoplastic hose and couplings manufacturers account for the lions share in the global market. Gates Corporation (the U.S.), Parker Hannifin Corporation (the U.S.), Eaton Corporation (the U.K.), and Transfer Oil S.p.A (Italy) are identified as the leading hydraulic thermoplastic hose and coupling manufacturers. Other manufacturers including and Nitta Corporation (the U.S.), Polyhose India Pvt. Ltd. (India), RYCO Hydraulics Pty Ltd. (Australia), NRP Jones (the U.S.), Dyna Flex, Inc. (the U.S.), Kurt Manufacturing Co., Inc. (the U.S.), MAC Tubi S.p.A (Italy), ZEC S.p.A. (Italy), and Piranha Hose Products, Inc (the U.S.) have been marked as promising and emerging players in the hydraulic thermoplastic hose and couplings market. The hydraulic thermoplastic hose and couplings market has been plagued by lack of product differentiation. This has resulted in price wars, and is consequently leading to profit crunching. As such, application specific product diversification, and focus on product improvement are some of the key strategies to be adopted by manufacturers across the globe.
Key Trends
