Hydraulic Hose Market Set to Expand with Industrial Automation Advancements
By the end of 2033, the hydraulic hose market is expected to have grown from its 2023 valuation of US$11 billion to US$18 billion. The demand for hydraulic hoses is predicted to increase at a compound annual growth rate (CAGR) of 5% between 2023 and 2033. Hydraulic hoses are indispensable components in fluid power systems, transporting pressurized hydraulic fluid between key machinery parts—like actuators, valves, and pumps. Unlike rigid pipes, hoses offer flexibility and durability under extreme pressures. Reinforced with layers of textile or steel braid, they are essential in industries ranging from agriculture and construction to oil & gas and automotive. Market Size & Growth Outlook Key drivers of this growth include: Rapid mechanization in agriculture and forestry, which is currently responsible for a major share of global demand. Expansion in construction, mining, and transportation industries. Technological advances in materi...