Hydraulic Thermoplastic Hose and Couplings Market- Demand for construction equipment fuel market growth: MRRSE

Albany, NY, May 24, 2016 (GLOBE NEWSWIRE) -- A hydraulic hose is a high-pressure tube designed to transport fluids within any hydraulic machinery, in order to transfer force. Considering the high pressures and temperatures involved in hydraulic applications, selection of the right material for manufacturing hydraulic hoses is crucial. Therefore, superior characteristics including high abrasion resistance, low weight, high flexibility, and the ability to handle high pressure have ensured the growing adoption of thermoplastic hose in hydraulic applications.

With the economies like North America and Europe recovering from the economic recession, the construction industry across the globe is expected to witness rise in investment in both residential and commercial constructions. This in turn, is expected to stimulate the demand for construction equipment and hence hydraulic thermoplastic hose and couplings.

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The research study titled “Hydraulic Thermoplastic Hose and Couplings Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2022” provides strategic analysis of the global hydraulic thermoplastic hose and couplings market along with the market growth (size in US$ Mn) forecast for the period from 2014 to 2022. The report includes competitive analysis of various market segments based on applications, types, and in-depth cross-sectional scrutiny across different geography segments of the hydraulic thermoplastic hose and couplings market. In order to aid in strategic decision-making, the report also includes competitive profiling of the leading hydraulic thermoplastic hose and couplings manufacturers in the industry, their market positioning, recent developments, and the winning strategies adopted by them. Other in-depth analysis covered in the report provides insights into industry competition, market dynamics, and the most profitable segments in the hydraulic thermoplastic hose and couplings market. Furthermore, the report analyzes the current and future market potential for hydraulic thermoplastic hose and couplings across the globe.

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On the basis of applications, the hydraulic thermoplastic hose and couplings market is segmented into: agriculture equipment, lubrication lines, construction equipment, industrial and material handling equipment, power and telephony mobile equipment, and other applications (blowout preventer control lines, etc.). The market revenue and forecast for different application and product segments have been included in the report for the period from 2012 to 2022 in terms of US$ Mn, along with the CAGR for the forecast period from 2014 to 2022. Furthermore, the report also segments the hydraulic thermoplastic hose and couplings market on the basis of type in to hydraulic thermoplastic hose and hydraulic couplings.

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The regional analysis of the hydraulic thermoplastic hose and couplings market gives in-depth insights into the current trends prevailing in different regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Each of these segments provides market size and forecast for the period from 2012 to 2022, highlighting the key factors responsible for influencing and challenging the market growth.

Major industry participants include Parker Hannifin Corporation, Gates Corporation, Eaton Corporation Plc, Manuli Rubber Industries S.p.A, Nitta Corporation, RYCO Hydraulics Pty Ltd., Polyhose India Pvt. Ltd., Kurt Manufacturing Co., Inc., NRP Jones, Transfer Oil S.p.A., Dyna Flex, Inc., MAC Tubi S.p.A, ZEC S.p.A., and Piranha Hose Products, Inc. among others.

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Source: MRRSE