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Hydraulic Equipment Market by Component, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR40090
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The hydraulic equipment market share is expected to increase by USD 15.50 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.71%.

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 component (pump and motor, valve, cylinder, accumulator and filter, and others), application (mobile and industrial), and geography (APAC, North America, Europe, MEA, and South America). The hydraulic equipment market report also offers information on several market vendors, including Daikin Industries Ltd., Emerson Electric Co., Kawasaki Heavy Industries Ltd., Komatsu Ltd., Parker Hannifin Corp., Robert Bosch GmbH, Siemens AG, 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

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growth of construction sector is notably driving the hydraulic equipment market growth, although factors such as 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 growth of construction sector is notably driving the hydraulic equipment market growth. The growth of the real estate industry, especially the increase in residential and commercial construction worldwide, is driving the global hydraulic equipment market. Developed economies, such as the US, are planning to make significant investments in infrastructural development. In emerging economies, such as India, the possibility of 100% foreign direct investments (FDI) in townships and settlement projects is estimated to increase the demand for hydraulic construction equipment such as hydraulic cranes, excavators, and loaders during the forecast period. The demand for construction machinery is growing due to an increase in investments in infrastructure projects worldwide. Governments worldwide are investing significantly in the development of sports infrastructure and facilities. This will increase the demand for hydraulic equipment in construction machinery during the forecast period.

Key Hydraulic Equipment Market Trend

Advent of integrated Industry 4.0 with IoT is the key market trend driving the hydraulic equipment market growth. The global economy is currently witnessing the adoption of industrial automation across end-user industries, which is called the Industry 4.0 revolution. Automation is required to integrate all the systems in warehouses and distribution centers. For instance, integrated hydraulic equipment that is integrated with a network provides an opportunity to improve operations and reduces energy costs. The data collected from sensors are stored on the cloud and can be accessed instantly for further analysis. Therefore, material handling processes, which are a key part of any facility, are increasingly being automated to adjust fluids, air pressure, and temperature. This is expected to increase the demand for advanced, automated hydraulic equipment during the forecast period, particularly as several companies are expected to adopt Industry 4.0.

Key Hydraulic Equipment Market Challenge

The major challenge impeding the hydraulic equipment market growth is the volatility in manufacturing cost. Fluctuations in prices of raw materials such as stainless steel, iron ore, aluminum, bronze, and other metal alloys have caused volatility in the production cost of hydraulic equipment. This, in turn, has led to a demand-supply gap. Moreover, the components used to manufacture hydraulic equipment components such as motors, valves, and hydraulic cylinders are expensive. Hence, high initial investment is required, which affects the cost of ownership of equipment, thereby reducing the profit margins of manufacturers. In addition, fluctuation in oil prices may increase the operating cost incurred by end-users as it will drive the price of the equipment.

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 is 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 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:

 

  • Daikin Industries Ltd.
  • Emerson Electric Co.
  • Kawasaki Heavy Industries Ltd.
  • Komatsu Ltd.
  • Parker Hannifin Corp.
  • Robert Bosch GmbH
  • Siemens AG
  • 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 organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Daikin Industries Ltd. - The company offers hydraulic equipments that are energy efficient and generates low heat, equipped with IPM motors which accurately controls temperature with its oil cooling unit, under the brand name of Daikin.

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 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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47% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for hydraulic equipment in APAC. Market growth in this region will be faster than the growth of the market in regions.

The increase in industrialization and the significant production of automobiles and industrial machinery are driving the demand for hydraulic equipment, thereby the growth of the market. Rapidly growing end-user industries, competitive manufacturing costs, and high economic growth are the main factors thatwill 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 Component Segments in the Hydraulic Equipment Market?

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The hydraulic equipment market share growth by the pump and motor segment will be significant during the forecast period. Hydraulic pumps and motors are used to convert mechanical energy into hydraulic or hydrostatic energy. These pumps and motors are integral components of construction, agriculture, oil and gas, and material handling machinery. The increasing demand for such equipment has a direct impact on the demand for hydraulic pumps and motors.

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

 

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 4.71%

Market growth 2021-2025

USD 15.50 billion

Market structure

Fragmented

YoY growth (%)

3.23

Regional analysis

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

Performing market contribution

APAC at 47%

Key consumer countries

US, China, Germany, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Daikin Industries Ltd., Emerson Electric Co., Kawasaki Heavy Industries Ltd., Komatsu Ltd., Parker Hannifin Corp., Robert Bosch GmbH, Siemens AG, 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

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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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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 Application

  • Market segments
  • Comparison by Application
  • Mobile - Market size and forecast 2020-2025
  • Industrial - Market size and forecast 2020-2025
  • Market opportunity by Application

Market Segmentation by Component

  • Market segments
  • Comparison by Component
  • Pump and motor - Market size and forecast 2020-2025
  • Valve - Market size and forecast 2020-2025
  • Cylinder - Market size and forecast 2020-2025
  • Accumulator and filter - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Component

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • Europe - 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

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Daikin Industries Ltd.
  • Emerson Electric Co.
  • Kawasaki Heavy Industries Ltd.
  • Komatsu Ltd.
  • Parker Hannifin Corp.
  • Robert Bosch GmbH
  • Siemens AG
  • WEBER-HYDRAULIK GmbH
  • Wipro Enterprises (P) 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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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The hydraulic equipment market growth will increase by $15495.71 million during 2021-2025.
The hydraulic equipment market is expected to grow at a CAGR of 4.71% during 2021-2025.
Technavio has segmented the hydraulic equipment market by component (Pump and motor, Valve, Cylinder, Accumulator and filter, and Others) ,application (Mobile and Industrial) , and geographic (APAC, North America, Europe, MEA, and South America).
Daikin Industries Ltd., Eaton Corporation Plc , Emerson Electric Co., Kawasaki Heavy Industries Ltd., Komatsu Ltd., Parker Hannifin Corp., Robert Bosch GmbH, Siemens AG, WEBER-HYDRAULIK GmbH, Wipro Enterprises (P) Ltd. are a few of the key vendors in the hydraulic equipment market.
APAC will register the highest growth rate of 46.95% among the other regions. Therefore, the hydraulic equipment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the hydraulic equipment market growth are:
  • Growing e-co mme rce industry
  • Advent of integrated Industry 4.0 with IoT
The hydraulic equipment market vendors should focus on grabbing business opportunities from the pump and motor segment as it accounted for the largest market share in the base year.
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