Hydraulic Rubber Hose Market Expected to reach US$ 1,002.0 Mn by 2022, Globally

Hydraulic Rubber Hose Market Expected to reach US$ 1,002.0 Mn by 2022, Globally from Transparencymarketresearch PVT.LTD

By: Transparencymarketresearch PVT.LTD  10/06/2015
Keywords: Global Hydraulic Rubber Hose Market, Hydraulic Rubber Hose Market,

According to a new market report published by Transparency Market Research “Hydraulic Rubber Hose Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2022”, the market for hydraulic rubber hoses globally is forecast to reach US$ 1,002 Mn by 2022. The key factor driving the growth of global hydraulic rubber hose market is the increasing demand from construction, agriculture and industrial sectors. Browse the full Hydraulic Rubber Hose Market report at http://www.transparencymarketresearch.com/hydraulic-rubber-hose-market.html The global hydraulic rubber hose market was valued at US$ 697.8 Mn in 2013 and the market is anticipated to grow at a CAGR of 4.2% during the period from 2014 to 2022 to reach an estimated value of US$ 1,002 Mn by 2022. Currently, hydraulic rubber hoses are witnessing high demand from construction and industrial sectors. The availability of hoses that can withstand challenging environment at the construction sites is the major factor responsible for high demand for hydraulic rubber hoses in this sector. Moreover, industrial sector demands reliable hoses that can ensure the safety of workers by preventing hose bursts and leaks. The market has also been witnessing demand from replacement of old hoses since they have a limited lifespan.

Keywords: Global Hydraulic Rubber Hose Market, Hydraulic Rubber Hose Market,

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