MARKET REPORT: Hydraulic thermoplastic hose/couplings has published a new research report entitled “Hydraulic Thermoplastic Hose and Couplings Market – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022.” The report focuses on construction equipment, agricultural equipment, industrial and material handling, lubrication lines, power and telephone mobile equipment, and other end-use applications. According to the report, the hydraulic thermoplastic hose and couplings market is expected to expand at a compound annual growth rate (CAGR) of 4.7 percent from 2015 to 2022, reaching USD $814 million by 2022.

Key Trends, according to the report:

  • Construction industry regaining its original growth levels post economic recession
  • Preference for thermoplastic hoses over rubber hoses in hydraulic applications
  • Introduction of advanced thermoplastic fluoropolymer hoses
  • Increased industrial production and agricultural mechanization
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