Hydraulic Hose Increased From 187.66 Million Meters In 2013 To 233.12 Million Meters In 2017
Tuesday, 04 Dec, 2018
For industry structure analysis, the Hydraulic Hose industry is not concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 49 % of the revenue market. Regionally, Asia-Pacific is the biggest sales value area, also the leader in the whole Hydraulic Hose industry.
The sales of Hydraulic Hose increased from 187.66 million meters in 2013 to 233.12 million meters in 2017 with an average growth rate of 5.57%.
Asia-Pacific occupied 41.86% of the sales market in 2017. It is followed by Europe and North America, which respectively account for around 22.78% and 20.54% of the global total industry. Other countries have a smaller amount of sales.
For price trend analysis, a key variable in the performance of Hydraulic Hose producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
For forecast, the global Hydraulic Hose revenue would keep increasing with annual growth rate with 5~7%. We tend to believe that this industry still has a good future, considering the current demand of Hydraulic Hose.