Hydraulic fluid connectors are widely used across mining and oil and gas industries. Moreover, these fluid transportation devices help enhance performance, improve industrial fluid networks, and transport the liquid in hydraulic areas for power transmission. Whereas, hydraulic hose fittings are used to connect hydraulic hoses, tubes, and pipes to cylinders, valves, pumps, and other parts of the hydraulic system. Most fittings have a male and female component that join to form connections, which help contain and direct the flow of hydraulic fluid in the conductor while preventing leaks and maintaining pressure.
The growth of the North American hydraulic fluid connectors market is mainly driven by the rapid growth of the construction equipment industry due to an increase in investment in infrastructure development. In March 2021, President Biden unveiled a US$ 2 trillion infrastructure and economic recovery package, which aims to revitalize the U.S. transportation infrastructure, water systems, broadband, and manufacturing, among other goals. Basic construction, material handling, underground mining, and surface mining are some of the construction equipment that uses various fluid power equipment such as fluid connectors, actuators, motors, and cylinders.
Therefore, increasing construction activities, as well as increasing remodeling and renovation activities, are driving the North American hydraulic fluid connectors market growth. Moreover, increasing demand for advanced agricultural equipment, the rapid growth of the manufacturing industries, and favorable government policies are some of the major factors driving the growth of the North American hydraulic fluid connectors market. Hydraulic fluid connectors are widely used across various end-use industries, such as automotive, mining, oil and gas, material handling, agriculture, construction, and aerospace. Therefore, there is an increasing demand for hydraulic fluid connectors from these end-use industries.
Market players are focused on developing new and innovative fluid connectors and investing in research and development to meet the increasing demand. For instance, in December 2019, Gates launched a Gates introduces new hydraulic hose MXG 4K, offering a highly flexible, compact, and lightweight design for the first fit, industrial, and automotive replacement market. However, the corrosive nature of the hydraulic fluid connectors may restrain the growth of the North American hydraulic fluid connectors market. The system requires periodic maintenance to avoid leaks. Thus, periodic maintenance and replacement of defective/damaged connectors will support the flow of operations.
Furthermore, increasing utilization of bio-based fluids for fluid connectors is expected to offer lucrative growth opportunities for the North American hydraulic fluid connectors market shortly.