Hydraulic Equipment Market for Mobile Applications by Product and Geography - Forecast and Analysis 2021-2025

The hydraulic equipment market share is expected to increase by USD 11.72 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.38%.

This hydraulic equipment 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 equipment market segmentations by product (pumps and motors, valves, cylinders, and others) and geography (APAC, North America, Europe, MEA, and South America). The hydraulic equipment market report also offers information on several market vendors, including Bosch Rexroth AG, Daikin Industries Ltd., Dana Inc., Eaton Corp. Plc, HYDAC Verwaltung GmbH, Kawasaki Heavy Industries Ltd., Parker Hannifin Corp., SIKA Dr. Siebert & Kuhn GmbH & Co. KG, WEBER-HYDRAULIK GmbH, and Wipro Enterprises (P) Ltd. among others.

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

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Hydraulic Equipment Market: Key Drivers, Trends, and Challenges

The mechanization of agriculture and growth in the agriculture machinery market is notably driving the hydraulic equipment market growth, although factors such as increasing replacement of hydraulic tools with pneumatic and electric tools may impede 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 equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hydraulic Equipment Market Driver

The mechanization of agriculture and growth in the agriculture machinery market is a major factor driving the global hydraulic equipment market for mobile applications market share growth. Hydraulics has a wide scope for application in agricultural equipment. Agricultural applications of hydraulic systems are in tractors, combine and forage harvesters, field sprayers, poultry house machinery, and specialized harvesting machinery. Using mobile hydraulic equipment improves the efficiency of diverse agricultural operations. Therefore, agricultural mechanization boosts large-scale production and improves the quality of agricultural produces. In developed countries such as the US and Australia, the global adoption of agriculture machinery has grown rapidly with the rise in the global population. Hydraulic equipment is also used in small tractors, carts, and combine harvesters. The expansion of the agricultural machinery market is driven by technological innovations, growing demand for advanced agricultural machinery, a rise in the mechanization of farming operations, increased per capita income of farmers in developed economies, and global food demand. These are expected to boost the sales of farm machinery across the world. The growing demand for agricultural machinery will also generate the demand for hydraulic agriculture equipment, thereby directly contributing to the growth of the market during the forecast period.

Key Hydraulic Equipment Market Trend

The increasing adoption of electric vehicles is another factor supporting the global hydraulic equipment for mobile applications market share growth. The high adoption of electric vehicles in Europe, the US, and APAC, mostly in China and Japan, due to the presence of regulations on carbon emissions and environmental safety is encouraging vendors to develop new hydraulic equipment for electric vehicles. Several manufacturers of electric vehicles are shifting their facilities to China or other countries in APAC as the electric vehicle market in China has high growth potential. Vendors are developing environment-friendly technologies for electric vehicles to reduce their carbon footprint. Electric vehicle manufacturers and hydraulic equipment providers are also making significant investments to improve the performance of their vehicles. Several countries are adopting electric vehicles, which is a major growth opportunity for vendors in the global hydraulic equipment market for mobile applications. Due to such reasons, high investments in R&D activities related to the development of electric vehicles and updates of existing systems are expected to drive the growth of the market during the forecast period.

Key Hydraulic Equipment Market Challenge

The increasing replacement of hydraulic tools with pneumatic and electric tools will be a major challenge for global hydraulic equipment for mobile applications during the forecast period. Hydraulic equipment is prone to frequent fluid leakage, which is one of the major reasons for the shift from hydraulic equipment to electric and pneumatic equipment, particularly for low-power applications in industries. In addition, several mobile applications are now using electric equipment compared with hydraulic equipment, owing to which the market for electric equipment is witnessing technological advances at a much higher pace. Furthermore, with the advent of IoT in industries, the adoption of the electric system is also expected to increase in the upcoming years. Furthermore, the increasing applications of electric and pneumatic systems among end-users will pose a major threat to hydraulic systems, essentially imposing a challenge for the growth of the global hydraulic equipment market for mobile applications during the forecast period.  

This hydraulic equipment 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 equipment market for mobile applications as 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 equipment market during the forecast period.

Who are the Major Hydraulic Equipment Market Vendors?

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

 

• Bosch Rexroth AG
• Daikin Industries Ltd.
• Dana Inc.
• Eaton Corp. Plc
• HYDAC Verwaltung GmbH
• Kawasaki Heavy Industries Ltd.
• Parker Hannifin Corp.
• SIKA Dr. Siebert & Kuhn GmbH & Co. KG
• WEBER-HYDRAULIK GmbH
• Wipro Enterprises (P) Ltd.

 

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

Product Insights and News

• Bosch Rexroth AG- The company offers wide range of hydraulic equipment for mobile applications such as pumps, gears, mobile controls, filters and others.

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 equipment 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 Equipment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hydraulic equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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 global industrial machinery market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

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 Equipment Market?

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46% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for hydraulic equipment market in APAC. Market growth in this region will be faster than the growth of the market in all other regions.

The increase in industrialization and the significant production of automobiles and industrial machinery will facilitate the hydraulic equipment 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.

What are the Revenue-generating Product Segments in the Hydraulic Equipment Market?

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The hydraulic equipment market share growth by the pumps and motors segment will be significant during the forecast period. Pumps and motors would be the slowest growing segment within the overall market but government initiatives undertaken to increase agricultural production in various countries to ensure food security and improve nutrition will positively impact the demand for pumps and motors during the forecast period.

 

Hydraulic Equipment Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 5.38%
Market growth 2021-2025	$ 11.72 billion
Market structure	Fragmented
YoY growth (%)	3.91
Regional analysis	APAC, North America, Europe, MEA, and South America
Performing market contribution	APAC at 46%
Key consumer countries	US, China, Germany, Japan, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Bosch Rexroth AG, Daikin Industries Ltd., Dana Inc., Eaton Corp. Plc, HYDAC Verwaltung GmbH, Kawasaki Heavy Industries Ltd., Parker Hannifin Corp., SIKA Dr. Siebert & Kuhn GmbH & Co. KG, WEBER-HYDRAULIK GmbH, and Wipro Enterprises (P) Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

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

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