The European hydraulic hose market is estimated to grow at a CAGR of 4.8% during the forecast period. The market is mainly driven due to the rising application of hydraulic hoses in various industries such as construction, manufacturing, and others. In addition, the developed oil & gas industry is also driving the market for hydraulic hoses in the region. Norway has the second-largest petroleum industry with 103.7 Mtoe of total natural gas production in Europe followed by Russia with 575.6 Mtoe and among the top 10 producers of gas across the globe in 2018. Further, as per the European Commission, the majority of oil and gas production in Europe takes place offshore and there are currently nearly 550 installations in European waters.
The European 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 European 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 significant advancement in the agriculture process in the region. Based on geography, the European hydraulic hose market is further segregated into UK, Germany, France, Italy, Spain, and the Rest of Europe. Among, geography UK projected to have a considerable share in the European hydraulic hose market.
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European Hydraulic Hose Market – Segmentation
By Product Type
- Articulated
- Reinforced
- Coiled
- Other (Corrugated)
By Industry
- Agriculture
- Construction & Mining
- Manufacturing
- Others (Pharmaceuticals)
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Regional Analysis
- UK
- Germany
- France
- Italy
- Spain
Rest of Europe
Company Profiles
- ALFAGOMMA Spa
- Continental AG
- Eaton Corporation plc
- Gates Industrial Corporation plc
- Hose-tech Ltd.
- Hansa-Flex AG
- Manuli Hydraulics Group
- Parker-Hannifin Corp.
- Salem-Republic Rubber Co.
- Semperit Group
- Transfer Oil S.p.A.
- Trelleborg AB
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