Innovations in hydraulic hose designs have enabled integration-associated critical elements, in line with advancements in material technologies. These holistic innovations have invigorated performance of hydraulic hose while delivering unparalleled value to system designers and customers alike. Several end-users continue to benefit from these advancements in terms of cost, resource, and time savings, along with improved operational quality of industrial equipment. The hydraulic hose market continues to tread on a steady path on account of a combination of multi-pronged factors.
OEMs Prioritize Productivity and Fuel Efficiency to Consolidate in Hydraulic Hose Market
As OEMs continue to focus on productivity and fuel-efficiency, developments are imminent in more flexible, easy-to-handle, and lightweight hydraulic hose and fittings. Key strategies of leading players in the hydraulic hose market have been analyzed below.
Sensing the essentiality of hydraulic hose in fluid power, and industrial hose in fluid transfer, Parker Hannifin Corp. is eyeing combination of its hydraulic and industrial hose businesses into a single division. A key strategy of Parker for this business amalgamation is to remain cost-competitive, while eyeing robust distribution and OEM partnerships. A key benefit for Parker from the integration is scale up of their business, entail efficiencies and serving as a key growth enabler in the global market.
Customer-centric approach to cater their requirement for high-performance hydraulic hose has been one of the prime focus area of Gates Industrial Corp. As the customer demand for engineering process simplification, and improved operational performance efficiencies showed a significant surge, the company focused on enhancing their manufacturing and product development capabilities. Consequently, the next-generation premium hydraulic hoses through its MXT family of hoses. This innovative product development of Gates represents their continued dedication toward extending boundaries of manufacturing process and applied materials science, to deliver solutions that cater to evolving customer requirements.