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

Published: Oct 2021 Pages: 120 SKU: IRTNTR71110

 Hydraulic Actuators Market - 2021-2025

The hydraulic actuators market size is expected to reach a value of USD 426.60 million, at a CAGR of 3.65%, during 2021-2025. This research study helps in deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as the size benefit of hydraulic actuators are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on market growth.

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Hydraulic Actuators Market Segments

From this Technavio report, get actionable insights on the hydraulic actuators market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by end-user (oil and gas industry, power generation industry, metal and mining industry, chemical and petrochemical industry, and others) and geography (APAC, Europe, North America, MEA, and South America) in this hydraulic actuators market report to pursue growth opportunities. Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic hydraulic actuators market predictions on consumer demand changes for 2021-2025.

Hydraulic Actuators Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.65%

Market growth 2021-2025

$ 426.60 million

Market structure

Fragmented

YoY growth (%)

4.20

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 42%

Key consumer countries

US, China, Germany, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Curtiss-Wright Corp., Eaton Corp. Plc, Emerson Electric Co., Flowserve Corp., ITT Controls B.V., KYB Corp., Moog Inc., Parker Hannifin Corp., Robert Bosch GmbH, and Schlumberger Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for the forecast period,

Customization purview

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Hydraulic Actuators Market Key Vendors and Competitive Analysis

Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The hydraulic actuators market is fragmented and the vendors are deploying organic and inorganic growth strategies to gain a competitive advantage.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the hydraulic actuators market share during 2021-2025.

The hydraulic actuators market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Regional Opportunities in Hydraulic Actuators Market - 2021-2025

42% of the hydraulic actuators market growth will originate from APAC during the forecast period. China and Japan are the key markets for hydraulic actuators in APAC. This report encompasses exclusive information on potential business locations and understand the demographics of current and prospective customers.

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APAC has been exhibiting a significant growth rate for hydraulic actuators market vendors. Factors such as the availability of low-cost raw materials and low labor costs are accelerating the hydraulic actuators market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.

The hydraulic actuators market share growth in APAC will be faster than the growth of the market in other regions. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.

Hydraulic Actuators Market Share and Revenue by End-user

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The hydraulic actuators market share growth by the oil and gas industry segment will be significant during the forecast period. The deployment of the latest production machines, pipelines, piping systems, and storage tanks increases the need for hydraulic actuators. The exploration of new oil and gas fields in African countries such as Nigeria and increased investments in production in North America and the Middle East are expected to drive the growth of the global hydraulic actuators market. This report provides an accurate prediction of the contribution of all the segments to the growth of the hydraulic actuators market size.

From the hydraulic actuators market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

 Key Hydraulic Actuators Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding hydraulic actuators market growth is the high cost of installation and maintenance. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

One of the key factors driving growth in the hydraulic actuators market is the size benefit of hydraulic actuators. The high-pressure mineral oil that drives hydraulic actuators cannot be compressed and for this reason, hydraulic actuators are more precise than pneumatics. Hydraulic actuators are preferred for use in modulating or positioning applications where a high degree of accuracy is required. Offshore installations and upstream applications are the primary users of hydraulic actuators, owing to the space and weight-saving benefits of the small cylinders being significant enough to offset the higher costs and risks associated with the use of high-pressure hydraulic fluids.

The increase in replacement activities is another major factor supporting the hydraulic actuators market share growth. Industrial applications require hydraulic actuators that are robust with a heavy-duty design, long service life, high-torque, high-speed operation, and the latest technology. Old hydraulic actuators are replaced by updated technology products that ensure smooth fluid flow and enhance overall productivity. Replacement and spare activities encourage vendors to interact with their customers and understand their requirements for developing new and better-customized hydraulic actuators.

This hydraulic actuators market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

 

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Hydraulic Actuators Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive hydraulic actuators market growth during the next five years
  • Precise estimation of the hydraulic actuators market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hydraulic actuators market across APAC, Europe, North America, 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 actuators market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Oil and gas industry - Market size and forecast 2020-2025
    • Power generation industry - Market size and forecast 2020-2025
    • Metals and mining industry - Market size and forecast 2020-2025
    • Chemical and petrochemical industry - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Linear hydraulic actuators - Market size and forecast 2020-2025
    • Rotary hydraulic actuators - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Curtiss-Wright Corp.
      • Eaton Corp. Plc
      • Emerson Electric Co.
      • Flowserve Corp.
      • ITT Controls B.V.
      • KYB Corp.
      • Moog Inc.
      • Parker Hannifin Corp.
      • Robert Bosch GmbH
      • Schlumberger Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      INFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases

      DATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts

      REPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape

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      Key Questions Answered

      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?

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      • Parent market analysis
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      • Detailed vendors report with competitive landscape
      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis