As reported by Power & Motion in their article “Global Hydraulic Hoses and Fittings Market to Grow 4%”, technology research firm Technavio projects steady growth for the global hydraulic hose and fittings market through 2028. Their report forecasts a compound annual growth rate (CAGR) of 4.36%, driven by increasing demand in industries such as construction, agriculture, and aerospace.
The market outlook aligns with previous forecasts from Valuates Reports, which estimated a 5.4% CAGR through 2029, highlighting growth in automotive, construction machinery, and manufacturing sectors. A key factor in this expansion is the expected economic recovery in 2025, as interest rates and inventory levels stabilize, leading to renewed demand for machinery and components.
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Article with all rights reserved, courtesy of Power & Motion.
