Overview of the Market for Fluid Power Valve And Hose Fitting in the USA
In value terms, production of fluid power valves and hose fittings shrank to $ in 2018. In general, production recorded a slight descent. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2015 to 2018, production growth remained at a somewhat lower figure.
The size of the market for fluid power valves and hose fittings in the U.S. rose remarkably to $ in 2018, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Consumption peaked at $ in 2014; afterwards, it flattened through to 2018.