Hydraulic Thermoplastic Hose and Couplings Market Forecasts to 2028 – Global Analysis By Product Type (Hydraulic Thermoplastic Hose and Hydraulic Couplings), By Application (Construction Equipment, Lubrication Lines, Industrial and Material Handling Equip

Hydraulic Thermoplastic Hose and Couplings Market Forecasts to 2028 – Global Analysis By Product Type (Hydraulic Thermoplastic Hose and Hydraulic Couplings), By Application (Construction Equipment, Lubrication Lines, Industrial and Material Handling Equipment, Agricultural Equipment, Power and Telephone Mobile Equipment and Other Applications) and Geography

According to Stratistics MRC, the Global Hydraulic Thermoplastic Hose and Couplings Market is accounted for $8.20 billion in 2022 and is expected to reach $12.04 billion by 2028 growing at a CAGR of 6.6% during the forecast period. A thermoplastic pipe called a hydraulic thermoplastic hose is made to transport fluids required for transferring force inside hydraulic machinery. It's crucial to choose the right raw materials when making hoses because hydraulic applications involve high temperatures and pressures. Thermoplastic is a preferred material for making hydraulic hoses due to its superior properties, which include its capacity to withstand high pressure, high abrasion resistance, and low weight. Contrarily, couplings are used to join two hoses at their ends in order to transmit the necessary power. Agricultural and construction machinery, industrial and material handling equipment, lubrication lines, and mobile power and telephone equipment are just a few instances of the equipment that uses hydraulic thermoplastic hose and couplings.

According to the National Renewable Energy Laboratory (NREL), approximately 70% - 80% of total U.S. agricultural equipment demand is supplied from regional manufacturers. Thus, it provides opportunities for key market players to explore business in the agricultural segment.

Market Dynamics:

Driver:

Flourishing construction industry is driving the market

One of the key factors propelling the hydraulic thermoplastic hose and couplings market is the recovery of the construction sector following the financial crisis. Mechanization in the industrial and agricultural sectors is increasing, which also helps to drive up demand. The demand for construction tools and supplies has increased as a result of the need for new structures and essential infrastructures like roads, water, sewage, and electricity. In the upcoming years, it is anticipated that increasing use of thermoplastic hose and couplings in building construction will stimulate market prospects globally.

Restraint:

Excessive velocity damages the hose

To avoid exceeding the hoses' operating limits, it's critical to be aware of their limitations. The inner surfaces of the hose's tube will be harmed by excessive velocity, and other system components may also be harmed by tube debris. Due to friction, an excessive flow rate will also increase the temperature of the hydraulic fluid, such aspects restrain market growth.

Opportunity:

Flexibility and Shelf life

The main benefit of using a thermoplastic hydraulic hose is that it outlasts rubber hoses on a consistent basis. You are significantly less likely to experience any significant malfunctions or downtime because thermoplastic hydraulic applications display exceptional durability and performance. Because they are much more resistant to abrasion than rubber-based alternatives, thermoplastic hydraulic hoses are better suited for use in challenging environments. On the other hand, a thermoplastic hydraulic hose is more resistant to UV light and can be stored without degrading for an extended period of time. The use of hydraulic thermoplastic hose and couplings will increase as a result of these benefits.

Threat:

Short life span due to excessive temperatures

Lower temperatures cause the hose to crack without losing its softness or flexibility, whereas higher temperatures can cause the hose to become hard, brittle, and cracked. The longer the hose can be used without experiencing material degradation, the cooler the hose fluids can be safely used at temperatures well below the rated maximum. Hoses must be protected from external heat sources like engine manifolds, which can quickly shorten their lifespan and frequently cause fires, and must be routed and shielded properly.

Covid-19 Impact

Hydraulic hose and coupling sales have been impacted globally by the COVID-19 pandemic. However, a few ecosystem players saw opportunities as a result of the pandemic. Chemical and gas hoses are in demand because there are active pharmaceutical manufacturing facilities all over the world. Industrial hoses are used in dosing systems, pelleting machines, vacuum conveying equipment, and suction conveyors in the pharmaceutical industry. Automotive is the sector most impacted by the COVID-19 pandemic's negative effects, followed by the oil and gas sector. During the lockdown, automobile production was scaled back or stopped entirely in Europe and North America. However, it is anticipated that after the pandemic, vehicle production will increase, which will spur demand for industrial hoses like water, gas, and chemical hoses over the forecast period.

The Construction Equipment segment is expected to be the largest during the forecast period

The construction equipment segment accounted for more than one-fourth of the market's overall revenue, making it the largest share segment for the hydraulic thermoplastic hose and couplings market during the forecast period. Construction equipment demand is expected to increase along with infrastructure development in emerging economies, which in turn is anticipated to support demand for hydraulic thermoplastic hoses and hydraulic couplings. The construction industry is anticipated to quickly recover from the recent economic recession in developed economies.

The Hydraulic Couplings segment is expected to have the highest CAGR during the forecast period

The Hydraulic Couplings segment is anticipated to witness highest CAGR during the projection period. Because they are more prone to damage than any other part of the hydraulic assembly, hydraulic couplings are expected to experience higher demand for replacement than hydraulic thermoplastic hoses. Couplers are essential for joining two hoses together. As a result, careful coupling selection and installation are required to lower maintenance costs and shorten machine downtime. Additionally, couplings have become the preferred connecting element over the conventional nut and bolt joints for hydraulic applications due to the superior benefits they offer, such as light weight, simple mounting and installation, and better resistance to environmental conditions.

Region with largest share:

In terms of both revenue and volume, Asia Pacific was the region with the largest market for hydraulic thermoplastic hose and couplings and is expected to maintain its dominant position throughout the forecast period. In the Asia Pacific, China, India, and Japan were the three largest markets for hydraulic thermoplastic hose and couplings. Moreover, the region's increased infrastructural development and booming construction industry can be credited with its dominance. The region's rising need for agricultural automation is another factor contributing to the demand for hydraulic products.

Region with highest CAGR:

Over the forecast period, Europe is anticipated to register the highest CAGR. The construction industry in these areas is prepared to resume its prior growth rates, providing the necessary boost to market growth, particularly in the first half of the forecast period, as markets demonstrate economic stability. On the other hand, the market is being driven by manufacturers' massive investments in R & D and growing infrastructural development in order to keep up with new technologies and production.

Key players in the market

Some of the key players profiled in the Hydraulic Thermoplastic Hose and Couplings Market include Dyna Flex, Eaton, Gates, Kurt Manufacturing, MAC Tubi S.p.A, Manuli Rubber, NITTA Corporation, NRP Jones, Parker Hannifin, Piranha Hose Products Inc, Polyhose India Pvt. Ltd., RYCO Hydraulics Pvt Ltd, Transfer Oil S.p.A and ZEC S.p.A.

Key Developments:

In November 2022, Gates a leading global provider of application-specific fluid power and power transmission solutions – and a pioneer in belt-driven micromobility – introduces the new Carbon Drive Moto X5™ synchronous drive belt. The innovative Moto X5 belt is a significant addition to the Gates Carbon Drive portfolio as it offers the same core belt drive benefits but with even quieter performance than its predecessors.

In June 2022, Kurt Workholding is installing a new FMS (Flexible Manufacturing System) that includes a Mazak HCN-6000 Horizontal Machine and a Palletech System with a 28-station pallet pool. This provides us with more options to support demand for any of our product lines such as our Kurt Tool Room Vise KTR35, PF 5-axis vises and RV Robotic Grippers.

Products Covered:
• Hydraulic Thermoplastic Hose
• Hydraulic Couplings

Applications Covered:
• Construction Equipment
• Lubrication Lines
• Industrial and Material Handling Equipment
• Agricultural Equipment
• Power and Telephone Mobile Equipment
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hydraulic Thermoplastic Hose and Couplings Market, By Product Type
5.1 Introduction
5.2 Hydraulic Thermoplastic Hose
5.3 Hydraulic Couplings
6 Global Hydraulic Thermoplastic Hose and Couplings Market, By Application
6.1 Introduction
6.2 Construction Equipment
6.3 Lubrication Lines
6.4 Industrial and Material Handling Equipment
6.5 Agricultural Equipment
6.6 Power and Telephone Mobile Equipment
6.7 Other Applications
7 Global Hydraulic Thermoplastic Hose and Couplings Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Dyna Flex
9.2 Eaton
9.3 Gates
9.4 Kurt Manufacturing
9.5 MAC Tubi S.p.A
9.6 Manuli Rubber
9.7 NITTA Corporation
9.8 NRP Jones
9.9 Parker Hannifin
9.10 Piranha Hose Products Inc
9.11 Polyhose India Pvt. Ltd.
9.12 RYCO Hydraulics Pvt Ltd
9.13 Transfer Oil S.p.A
9.14 ZEC S.p.A.
List of Tables
Table 1 Global Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Product Type (2020-2028) ($MN)
Table 3 Global Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Hydraulic Thermoplastic Hose (2020-2028) ($MN)
Table 4 Global Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Hydraulic Couplings (2020-2028) ($MN)
Table 5 Global Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Application (2020-2028) ($MN)
Table 6 Global Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Construction Equipment (2020-2028) ($MN)
Table 7 Global Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Lubrication Lines (2020-2028) ($MN)
Table 8 Global Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Industrial and Material Handling Equipment (2020-2028) ($MN)
Table 9 Global Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Agricultural Equipment (2020-2028) ($MN)
Table 10 Global Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Power and Telephone Mobile Equipment (2020-2028) ($MN)
Table 11 Global Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Other Applications (2020-2028) ($MN)
Table 12 North America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Country (2020-2028) ($MN)
Table 13 North America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Product Type (2020-2028) ($MN)
Table 14 North America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Hydraulic Thermoplastic Hose (2020-2028) ($MN)
Table 15 North America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Hydraulic Couplings (2020-2028) ($MN)
Table 16 North America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Application (2020-2028) ($MN)
Table 17 North America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Construction Equipment (2020-2028) ($MN)
Table 18 North America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Lubrication Lines (2020-2028) ($MN)
Table 19 North America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Industrial and Material Handling Equipment (2020-2028) ($MN)
Table 20 North America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Agricultural Equipment (2020-2028) ($MN)
Table 21 North America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Power and Telephone Mobile Equipment (2020-2028) ($MN)
Table 22 North America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Other Applications (2020-2028) ($MN)
Table 23 Europe Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Country (2020-2028) ($MN)
Table 24 Europe Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Product Type (2020-2028) ($MN)
Table 25 Europe Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Hydraulic Thermoplastic Hose (2020-2028) ($MN)
Table 26 Europe Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Hydraulic Couplings (2020-2028) ($MN)
Table 27 Europe Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Application (2020-2028) ($MN)
Table 28 Europe Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Construction Equipment (2020-2028) ($MN)
Table 29 Europe Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Lubrication Lines (2020-2028) ($MN)
Table 30 Europe Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Industrial and Material Handling Equipment (2020-2028) ($MN)
Table 31 Europe Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Agricultural Equipment (2020-2028) ($MN)
Table 32 Europe Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Power and Telephone Mobile Equipment (2020-2028) ($MN)
Table 33 Europe Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Other Applications (2020-2028) ($MN)
Table 34 Asia Pacific Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Country (2020-2028) ($MN)
Table 35 Asia Pacific Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Product Type (2020-2028) ($MN)
Table 36 Asia Pacific Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Hydraulic Thermoplastic Hose (2020-2028) ($MN)
Table 37 Asia Pacific Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Hydraulic Couplings (2020-2028) ($MN)
Table 38 Asia Pacific Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Application (2020-2028) ($MN)
Table 39 Asia Pacific Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Construction Equipment (2020-2028) ($MN)
Table 40 Asia Pacific Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Lubrication Lines (2020-2028) ($MN)
Table 41 Asia Pacific Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Industrial and Material Handling Equipment (2020-2028) ($MN)
Table 42 Asia Pacific Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Agricultural Equipment (2020-2028) ($MN)
Table 43 Asia Pacific Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Power and Telephone Mobile Equipment (2020-2028) ($MN)
Table 44 Asia Pacific Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Other Applications (2020-2028) ($MN)
Table 45 South America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Country (2020-2028) ($MN)
Table 46 South America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Product Type (2020-2028) ($MN)
Table 47 South America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Hydraulic Thermoplastic Hose (2020-2028) ($MN)
Table 48 South America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Hydraulic Couplings (2020-2028) ($MN)
Table 49 South America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Application (2020-2028) ($MN)
Table 50 South America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Construction Equipment (2020-2028) ($MN)
Table 51 South America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Lubrication Lines (2020-2028) ($MN)
Table 52 South America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Industrial and Material Handling Equipment (2020-2028) ($MN)
Table 53 South America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Agricultural Equipment (2020-2028) ($MN)
Table 54 South America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Power and Telephone Mobile Equipment (2020-2028) ($MN)
Table 55 South America Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Other Applications (2020-2028) ($MN)
Table 56 Middle East & Africa Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Country (2020-2028) ($MN)
Table 57 Middle East & Africa Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Product Type (2020-2028) ($MN)
Table 58 Middle East & Africa Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Hydraulic Thermoplastic Hose (2020-2028) ($MN)
Table 59 Middle East & Africa Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Hydraulic Couplings (2020-2028) ($MN)
Table 60 Middle East & Africa Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Application (2020-2028) ($MN)
Table 61 Middle East & Africa Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Construction Equipment (2020-2028) ($MN)
Table 62 Middle East & Africa Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Lubrication Lines (2020-2028) ($MN)
Table 63 Middle East & Africa Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Industrial and Material Handling Equipment (2020-2028) ($MN)
Table 64 Middle East & Africa Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Agricultural Equipment (2020-2028) ($MN)
Table 65 Middle East & Africa Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Power and Telephone Mobile Equipment (2020-2028) ($MN)
Table 66 Middle East & Africa Hydraulic Thermoplastic Hose and Couplings Market Outlook, By Other Applications (2020-2028) ($MN)

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