Market Overview:
The global hydraulic tubing market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for hydraulic tubing from various end-use industries, such as engineering machinery, mining industry, and industrial applications. In addition, the growing demand for spiral wire hydraulic tubing and wire braided hydraulic tubing is also contributing to the growth of this market. Regionally, North America dominates the global hydraulic tubing market followed by Europe and Asia Pacific. The dominance of these regions can be attributed to factors such as high adoption rate of new technologies in these regions and presence of key players in these regions.
Product Definition:
A hydraulic tubing is a tube that is used to convey pressurized fluid. The importance of hydraulic tubing is that it can be used to power machinery and vehicles.
Spiral Wire Hydraulic Tubing:
Spiral wire hydraulic tubing is a type of hydraulic tubing made from high-pressure polyethylene or low-pressure polyvinyl chloride. The basic difference between the two types of tubes is that spiral wire tube has an additional reinforcement bar along its length, this additional reinforcement bar helps in increasing the strength and durability of the tube.
Wire Braided Hydraulic Tubing:
Wire braided hydraulic tubing is a type of hydraulic tubing made from coiled wire. It offers several advantages over conventional tube-type hydraulic systems, which has led to its increased popularity in recent years. The primary benefit is the strength and rigidity offered by this product, which helps avoid deformation of the lines due to pressure fluctuations at high temperatures.
Application Insights:
The engineering machinery application segment led the global market in 2017 and is projected to witness significant growth over the forecast period. The tubing finds applications in various industries including oil & gas, power generation, civil construction, mining and transportation among others. In civil construction it is used for carrying out water-based activities such as hydroelectric power generation or irrigation purposes.
Hydraulic tubing systems are widely used by mining companies for providing hydraulic functions to their equipment such as raising/lowering of arms or feeding of material into a feeder mechanism on the basis of requirement. It also provides safety against overpressure that may occur due to accidental blockage inside a machine room owing to its positive shut-off valve feature thereby preventing any leakage from occurring during normal operations at low cost.
The product has numerous applications across different industries which include food & beverage processing, chemical manufacturing among others wherein it acts as an essential component required for smooth functioning of machines with high durability.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from developing countries such as China, India, Japan, and South Korea. In addition, rising investments by multinational companies for manufacturing high-end machinery are also expected to drive the regional market over the forecast period.
The Asia Pacific was followed by Europe in terms of revenue generation owing to a decline in industrial activities coupled with stringent government regulations regarding environmental pollution caused due to hydraulic fluid leakage during machine operation. However, recovery of manufacturing industries such as automotive and engineering machineries is anticipated would help boost demand for hydraulic tubing over the projected period.
North America accounted for a significant share owing to increased focus on energy efficiency along with sustainable environment protection policies adopted by U.S.
Growth Factors:
- Increasing demand for hydraulic tubing from the automotive and transportation sector
- Growing demand for hydraulic tubing in the construction and infrastructure sector
- Rising popularity of hydraulic systems in various industrial applications
- Technological advancements in manufacturing processes of hydraulic tubing
- Growing awareness about the benefits of using hydraulics over traditional mechanical systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydraulic Tubing Market Research Report
By Type
Spiral Wire Hydraulic Tubing, Wire Braided Hydraulic Tubing
By Application
Engineering Machinery, Mining Industry, Industrial, Others
By Companies
Parker, Manuli, Alfagomma, Yokohama Rubber, Gates, Bridgestone, Eaton, Semperit, HANSA-FLEX, Sumitomo Riko, Continental, RYCO, Kurt, LETONE-FLEX, Dagong, YuTong, Ouya Hose, Jintong, JingBo, Yuelong, Luohe YiBo, Hengyu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Hydraulic Tubing Market Report Segments:
The global Hydraulic Tubing market is segmented on the basis of:
Types
Spiral Wire Hydraulic Tubing, Wire Braided Hydraulic Tubing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Engineering Machinery, Mining Industry, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Parker
- Manuli
- Alfagomma
- Yokohama Rubber
- Gates
- Bridgestone
- Eaton
- Semperit
- HANSA-FLEX
- Sumitomo Riko
- Continental
- RYCO
- Kurt
- LETONE-FLEX
- Dagong
- YuTong
- Ouya Hose
- Jintong
- JingBo
- Yuelong
- Luohe YiBo
- Hengyu
Highlights of The Hydraulic Tubing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spiral Wire Hydraulic Tubing
- Wire Braided Hydraulic Tubing
- By Application:
- Engineering Machinery
- Mining Industry
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydraulic Tubing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hydraulic tubing is a type of tubing made from a durable, synthetic material that can withstand high pressures and temperatures. It is often used in industrial applications, such as oil and gas production, to transport fluids between different parts of a plant or system.
Some of the major players in the hydraulic tubing market are Parker, Manuli, Alfagomma, Yokohama Rubber, Gates, Bridgestone, Eaton, Semperit, HANSA-FLEX, Sumitomo Riko, Continental, RYCO, Kurt, LETONE-FLEX, Dagong, YuTong, Ouya Hose, Jintong, JingBo, Yuelong, Luohe YiBo, Hengyu.
The hydraulic tubing market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydraulic Tubing Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hydraulic Tubing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hydraulic Tubing Market - Supply Chain
4.5. Global Hydraulic Tubing Market Forecast
4.5.1. Hydraulic Tubing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hydraulic Tubing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hydraulic Tubing Market Absolute $ Opportunity
5. Global Hydraulic Tubing Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hydraulic Tubing Market Size and Volume Forecast by Type
5.3.1. Spiral Wire Hydraulic Tubing
5.3.2. Wire Braided Hydraulic Tubing
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hydraulic Tubing Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hydraulic Tubing Market Size and Volume Forecast by Application
6.3.1. Engineering Machinery
6.3.2. Mining Industry
6.3.3. Industrial
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hydraulic Tubing Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hydraulic Tubing Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hydraulic Tubing Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hydraulic Tubing Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hydraulic Tubing Demand Share Forecast, 2019-2026
9. North America Hydraulic Tubing Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hydraulic Tubing Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hydraulic Tubing Market Size and Volume Forecast by Application
9.4.1. Engineering Machinery
9.4.2. Mining Industry
9.4.3. Industrial
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hydraulic Tubing Market Size and Volume Forecast by Type
9.7.1. Spiral Wire Hydraulic Tubing
9.7.2. Wire Braided Hydraulic Tubing
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hydraulic Tubing Demand Share Forecast, 2019-2026
10. Latin America Hydraulic Tubing Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hydraulic Tubing Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hydraulic Tubing Market Size and Volume Forecast by Application
10.4.1. Engineering Machinery
10.4.2. Mining Industry
10.4.3. Industrial
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hydraulic Tubing Market Size and Volume Forecast by Type
10.7.1. Spiral Wire Hydraulic Tubing
10.7.2. Wire Braided Hydraulic Tubing
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hydraulic Tubing Demand Share Forecast, 2019-2026
11. Europe Hydraulic Tubing Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hydraulic Tubing Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hydraulic Tubing Market Size and Volume Forecast by Application
11.4.1. Engineering Machinery
11.4.2. Mining Industry
11.4.3. Industrial
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hydraulic Tubing Market Size and Volume Forecast by Type
11.7.1. Spiral Wire Hydraulic Tubing
11.7.2. Wire Braided Hydraulic Tubing
11.8. Basis Point Share (BPS) Analysis byType
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hydraulic Tubing Demand Share, 2019-2026
12. Asia Pacific Hydraulic Tubing Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hydraulic Tubing Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hydraulic Tubing Market Size and Volume Forecast by Application
12.4.1. Engineering Machinery
12.4.2. Mining Industry
12.4.3. Industrial
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hydraulic Tubing Market Size and Volume Forecast by Type
12.7.1. Spiral Wire Hydraulic Tubing
12.7.2. Wire Braided Hydraulic Tubing
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hydraulic Tubing Demand Share, 2019-2026
13. Middle East & Africa Hydraulic Tubing Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hydraulic Tubing Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hydraulic Tubing Market Size and Volume Forecast by Application
13.4.1. Engineering Machinery
13.4.2. Mining Industry
13.4.3. Industrial
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hydraulic Tubing Market Size and Volume Forecast by Type
13.7.1. Spiral Wire Hydraulic Tubing
13.7.2. Wire Braided Hydraulic Tubing
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hydraulic Tubing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hydraulic Tubing Market: Market Share Analysis
14.2. Hydraulic Tubing Distributors and Customers
14.3. Hydraulic Tubing Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Parker
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Manuli
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Alfagomma
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yokohama Rubber
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gates
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bridgestone
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Eaton
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Semperit
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. HANSA-FLEX
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sumitomo Riko
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Continental
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. RYCO
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kurt
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. LETONE-FLEX
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Dagong
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. YuTong
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Ouya Hose
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Jintong
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. JingBo
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Yuelong
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
