Hydraulic Accumulators Market by End-user and Geography - Forecast and Analysis 2021-2025

The hydraulic accumulators market share is expected to increase by USD 41.05 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.39%.

This hydraulic accumulators market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hydraulic accumulators market segmentation by end-user (agriculture and forestry, oil and gas, and others) and geography (APAC, North America, Europe, MEA, and South America). The hydraulic accumulators market report also offers information on several market vendors, including Eaton Corp. Plc, Freudenberg FST GmbH, HAWE Hydraulik SE, HYDAC Verwaltung GmbH, NOK Corp., Parker Hannifin Corp., PMC Hydraulics Group AB, Robert Bosch GmbH, and Roth Industries GmbH and Co. KG among others.

What will the Hydraulic Accumulators Market Size be During the Forecast Period?

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Hydraulic Accumulators Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing machine tools market is notably driving the hydraulic accumulators market growth, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hydraulic accumulators industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hydraulic Accumulators Market Driver

One of the key factors driving growth in the hydraulic accumulators market is the growing machine tools market. Hydraulic accumulators find applications in machine tools. Advance and retraction speeds, cutting pitch and section, and cutting machine tools with multiple machine units are controlled individually. The growth of the global machine tools market will directly impact the demand for hydraulic equipment such as gear pumps. The automotive, aerospace and defense, telecommunications, industrial machinery, and chemical industries are the leading end-users of machine tools. The rise in various construction activities in developing countries has led to high demand for hydraulic equipment.. The increase in the demand for such equipment will increase the demand for hydraulic accumulators as well.

Key Hydraulic Accumulators Market Trend

The development of energy-efficient hydraulic accumulators is another factor supporting the hydraulic accumulators market share growth. Companies are focusing on energy-efficient manufacturing processes. Hydraulic equipment forms an essential part of the manufacturing processes in various industries such as automotive, electrical and electronics, food, and pulp and paper. Thus, energy-efficient hydraulic equipment is essential to reduce the cost of energy and to conserve resources against the backdrop of rising fuel costs, technological advances, rising demand for limited energy resources, and stringent government regulations. This drives the manufacturers to use energy-efficient and cost-efficient equipment.

Key Hydraulic Accumulators Market Challenge

The volatility in raw material prices will be a major challenge for the hydraulic accumulators market growth. The most common raw materials used in the manufacturing of hydraulic accumulators are aluminum, copper, and steel. These are subject to price fluctuations, resulting in fluctuating manufacturing costs for vendors. The slowdown in the production of steel in China has had a direct impact on the global steel market. When the raw material prices fluctuate, there is a decreased demand for products due to high pricing, which widens the gap between demand and supply. This negatively impacts related industries.

This hydraulic accumulators market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global hydraulic accumulators market as a part of the global industrial machinery market.  Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hydraulic accumulators market during the forecast period.

Who are the Major Hydraulic Accumulators Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Eaton Corp. Plc
• Freudenberg FST GmbH
• HAWE Hydraulik SE
• HYDAC Verwaltung GmbH
• NOK Corp.
• Parker Hannifin Corp.
• PMC Hydraulics Group AB
• Robert Bosch GmbH
• Roth Industries GmbH and Co. KG

This statistical study of the hydraulic accumulators market encompasses successful business strategies deployed by the key vendors. The hydraulic accumulators market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Ambu AS - The company offers single-use rhinolaryngoscopes with high-quality imaging under the product category Endoscopy.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hydraulic accumulators market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Hydraulic Accumulators Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hydraulic accumulators market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the industrial machinery market includes the following core components:

• Research and development
• Inputs
• Operations
• Distribution
• Marketing and sales
• Post-sales and services
• Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Hydraulic Accumulators Market?

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59% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for hydraulic accumulators in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA, and North American regions.

The construction sector in India is growing significantly, with investments in roads and infrastructure surging for the fiscal year 2021-2022. The infrastructure sector has become the biggest focus area for the Government of India. This will facilitate the hydraulic accumulators market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In March 2020, India imposed a complete lockdown to prevent the community spread of COVID-19. Moreover, other APAC countries, such as China, the Philippines, and Mongolia, had also imposed lockdowns. Owing to these lockdowns and stringent social distancing norms, production at manufacturing industries across APAC was halted. Furthermore, the imposition of lockdowns disrupted the supply chain management across the region, which led to the shortage of the components used in the manufacturing of the hydraulic accumulators in 2020. However, a gradual increase in economic activities coupled with government funding to support the businesses and mass vaccination drives would further propel the demand for hydraulic accumulators in the region during the forecast period.

What are the Revenue-generating End-user Segments in the Hydraulic Accumulators Market?

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The hydraulic accumulators market share growth by the agriculture and forestry segment will be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the hydraulic accumulators market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Hydraulic Accumulators Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive hydraulic accumulators market growth during the next five years
• Precise estimation of the hydraulic accumulators market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the hydraulic accumulators industry across APAC, North America, Europe, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of hydraulic accumulators market vendors

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