The US hydraulic hose market is estimated to grow at a CAGR of 5.0% during the forecast period. The significant growth in the construction and mining industry further provide considerable growth to the market. As per the US Geological Survey (USGS), in 2019, the US mines produced nearly $86.3 billion in minerals in 2019, $2 billion higher compared to revised 2018 production totals. This leads to the increasing demand for hydraulic hose which involves the minerals extractions that may have a significant economic value from underwater deposits. However, the US mineral mining industry is expected to be affected by the COVID-19 outbreak owing to the lack of demand from end-users such as construction, automotive, and jewelry amid the lockdown effect.

The US market for the hydraulic hose is segregated on the basis of product type and industry. Based on the product type, the market is further classified into articulated, reinforced, coiled, and other(corrugated). The reinforced segment is projected to have a considerable share owing to the growing application in various industries such as construction and mining. Based on the industry, the US hydraulic hose market is further segmented into agriculture, construction & mining, manufacturing, and others. The agriculture segment is estimated to have considerable growth in the market owing to the high adoption of advanced technologies in the agriculture process in the country. 

The companies which are contributing to the growth of the US hydraulic hose market include Eaton Corporation plc, Gates Industrial Corporation plc, Parker-Hannifin Corp., Continental AG, Ryco Hydraulics Pty Ltd., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market. 

Research Methodology

The market study of the US hydraulic hose market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to bring more authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for hydraulic hose providers, end-user companies for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market Segmentation

1. US Hydraulic Hose Market Research and Analysis by Product Type
2. US Hydraulic Hose Market Research and Analysis by Industry

The Report Covers

• Comprehensive research methodology of the US hydraulic hose market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US hydraulic hose industry.
• Insights about market determinants that are stimulating the US hydraulic hose market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.