QYResearch is forecasted that the sales volume of hydraulic hose will reach about 296475 K meters by the end of 2021

A hydraulic hose is a synthetic rubber hose, which can withhold high pressure. The hydraulic hose is mainly used to transmit fluid power or fluid within hydraulic machinery. A hydraulic hose is consisting of an inner rubber protection layer, middle rubber layer, steel wire spiral layer and external rubber cover. The inner rubber protection layer resistant to liquids and protects the steel wire spiral layer from corrosion. The external rubber cover protects the steel wire spiral layer against damage. While the steel wire spiral layer plays a role like bones of human.

As necessary tool for hydraulic equipment and machines, the market of hydraulic hose is directly affected by the market status of hydraulic equipment and global economy situation. According to QYResearch, Over the past five years, the market of hydraulic hose was not stable and not equal in different regions. In 2016, the sales volume of hydraulic hose worldwide was about 214089 K meters, with industry revenue of about 1566.18 M USD.

As the current supply capacity of hydraulic hose is quite massive, it is forecasted that the production capacity of hydraulic hose won’t grow as fast as the past five years. It is forecasted that the sales volume of hydraulic hose will reach about 296475 K meters by the end of 2021. And the industry revenue will reach about 1769.96 M USD.

Currently, China is the largest market of hydraulic hose worldwide, as China is the largest market of construction and mining equipment market. At the same time, China is also the largest producer of hydraulic hose, and more than ten international enterprises have opened manufacturing plants in China.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.

As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. Currently, the Chinese Hydraulic Hose industry is not only begin to transit to high-end Hydraulic Hose products, while still extend in the resource-rich land and downstream industry chain.

Although sales of Hydraulic Hose brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Hydraulic Hose field.

More Detail: http://www.qyresearchglobal.com/goods-1101181.html

This article was first released by QYResearch, if reproduced, please indicate the source.

Marketing: sales@qyresearch.com

Media Contact: press@qyresearch.com