Hydraulic Equipment Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, India, Japan, Germany - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 187 SKU: IRTNTR40090

Hydraulic Equipment Market Forecast 2024-2028

The hydraulic equipment market size is forecast to increase by USD 16.80 billion, at a CAGR of 4.61% between 2023 and 2028. Market growth is dependent on various factors, including the emergence of industrial automation, global infrastructure development, and the increasing adoption of electric vehicles. Industrial automation drives demand for advanced technologies and solutions, while infrastructure development projects worldwide require a range of products and services. Additionally, the rising popularity of electric vehicles contributes to the demand for related components and infrastructure. These factors collectively shape the growth trajectory of the market, influencing investment decisions and market dynamics. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecasted market scenario.

Moreover, 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. In APAC, rapidly growing end-user industries, competitive manufacturing costs, and high economic growth are the main factors that support the growth of the market in end-user industries such as automotive, aerospace, marine, food and beverage, and construction. Additionally, Daikin Industries Ltd. company offers hydraulic equipment such as ECORICH, ECORICH R, SUPER UNIT, Super EcoRich, Piston pump, Motor pump, Rotor pump, Vane pump, Gear pump, Pressure Control Valves, Flow Control Valves. Also, Dyna Flex Inc company offers hydraulic equipment such as SAE 100R7, S AE 100R7 TWIN, S AE 100R7 Non Conductive Twin, S AE 100R8, S AE 100R8 TWIN, S AE 100R8 Non Conductive, S AE 100R8 Non Conductive Twin, S AE100R18 SPECS, S AE 100R18.

Market Forecasting and Size

Market Forecast 2024-2028

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Market Dynamics

The market plays a pivotal role across various sectors like the automotive industry, construction activities, and the shipping sector. With the demand for lifting equipment on the rise due to ongoing infrastructural development and construction projects, there's a growing need for intelligent hydraulic machinery. Advanced hydraulic cylinder technology addresses issues like oil leakage and ensures the efficiency of cylinder tubes. Incorporating electronic intelligence, smart hydraulic equipment enhances performance, complementing traditional pneumatic systems in the cylinders segment. This synergy drives innovation in sports infrastructure and other sectors reliant on hydraulic solutions. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Key Market Driver- Rising infrastructure development globally

Hydraulic machinery such as excavators, compactors, and skid steer loaders play a crucial role in construction projects worldwide. Investments in infrastructure projects, including roads, bridges, railways, airports, ports, and urban development, contribute to the demand for hydraulic equipment for construction, earthmoving, and material handling applications.  Globalization and international trade create demand for infrastructure projects such as ports, airports, highways, railways, and telecommunications networks to facilitate the movement of goods, people, and information across borders.

Moreover, infrastructure investments in trade corridors, logistics hubs, and connectivity networks enhance trade flows and economic integration with material handling equipment. India is focusing on infrastructure development through increasing investments and increasing project launches such as Navi Mumbai International, Chenab River railway bridge, Inland waterways development projects, and others. Such infrastructure developments drive demand for intelligent hydraulic machinery, and systems in construction industry, earthmoving, transportation, utilities, and other infrastructure sectors. Therefore, such factors are expected to drive the growth of the global hydraulic equipment market during the forecast period.

Significant Market Trends- Technological advancements 

Technological advancements, such as the integration of electronics, have led to the development of electro-hydraulic systems. These combine power transmission with electronic control, offering precise control, energy efficiency, and advanced features such as proportional control, load sensing, and feedback mechanisms. The integration of the Internet of Things (IoT) and smart technologies is transforming the hydraulic equipment market. Manufacturers are developing systems with IoT connectivity, enabling remote monitoring, predictive maintenance, condition monitoring, and performance optimization.

Moreover, innovations in materials science and manufacturing techniques have led to the development of lightweight, durable, and high-performance hydraulic components. Advanced materials such as aluminum alloys, composite materials, and high-strength plastics are used to reduce weight, improve efficiency, and enhance reliability. Additive manufacturing (3D printing) allows for the production of complex geometries, customized components, and rapid prototyping, accelerating innovation and customization in the market. Therefore, such factors will drive market growth during the forecast period.

Major Market Challenge- Availability of counterfeit products

The rise of globalization and the proliferation of e-commerce platforms have made it easier for counterfeiters to produce, distribute, and sell counterfeit products across international borders. Online marketplaces provide a convenient and anonymous platform for counterfeiters to reach a wide audience without the need for physical storefronts. Counterfeits are sold at lower prices than genuine products, attracting price-sensitive buyers who may opt for counterfeit items instead. As a result, genuine manufacturers of hydraulic equipment may experience a decline in sales and revenue due to competition from counterfeit products.

Additionally, counterfeit hydraulic equipment may be of inferior quality compared to genuine products, leading to poor performance, premature failure, and safety risks for end-users. When consumers unknowingly purchase counterfeit products and experience issues with their performance or reliability, it can damage the reputation of genuine manufacturers, leading to a loss of trust and loyalty among customers. The availability of such equipment creates confusion among customers, increases liability risks for end-users, and undermines efforts to maintain industry standards and compliance, which will thus decline market growth during the forecast period.

Market Segmentation by Product, Application, and Geography

 

In the market, the integration of IoT (Internet of Things) technology is revolutionizing operations. From advanced agricultural machinery to precision engineering, pressurized fluids power fluid motors and fluid cylinders, enhancing efficiency and performance. This synergy of technology and hydraulics underscores the market's adaptability and innovation, driving advancements across industries.

Product Segment Analysis: 

The pump and motor segment will account for a major share of the market's growth during the forecast period.? 
Hydraulic pumps and motors play a vital role in various industries such as construction, agriculture, and oil and gas, converting mechanical energy into hydraulic energy. With increasing demand for machinery in these sectors, the pump and motor segment holds the largest share of the market.

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The pump and motor segment was valued at USD 18.04 billion in 2018. Further, innovations in agricultural practices like smart farming and government initiatives to boost agricultural production are driving demand. Technological advancements, including 3D-printed impellers, contribute to improved efficiency and reduced costs. Additionally, customized solutions for construction machinery and applications in industries like oil and gas, food and beverage, and automotive are further fueling market growth.

Application Analysis

Based on application, the market has been segmented into mobile and industrial. The mobile segment will account for the largest share of this segment.  The market for mobile applications encompasses various sectors including material handling, earthmoving, agriculture, rail, commercial vehicles, construction, drilling, industrial, marine, and aerospace. Increased demand for earthmoving, material handling, drilling, and commercial vehicles is expected to drive market growth. Additionally, the use of hydraulic equipment in power generation through mobile plants and its application in construction, automotive, marine, and aerospace industries will further fuel segment growth.

Regional Analysis

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APAC is estimated to contribute 41% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The expanding shipping industry in China and South Korea, alongside the growth of the oil and gas sector in countries like China and India, are driving the demand for hydraulic equipment in the APAC region. Increased vehicle sales, infrastructure development, and investments in automobile manufacturing further contribute to market growth. Additionally, initiatives for industrial advancement and the rise of smart cities are fostering the adoption of hydraulic equipment across various industries in APAC.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Caterpillar Inc.: The company offers hydraulic equipment such as CAT Hoses Couplings, CAT Hydraulic Pumps and Motors, CAT Hydraulic Cylinders, and Rods.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

2G Engineering, Dana Inc., Eaton Corp. Plc, Emerson Electric Co., Enerpac Tool Group Corp., Flowserve Corp., Gates Industrial Corp. Plc, Hangzhou WREN hydraulic equipment manufacture Co. Ltd., HANNON HYDRUALICS LLC, HYDAC International GmbH, Kawasaki Heavy Industries Ltd., Komatsu Ltd., Kurt Manufacturing Co, Ligon Industries LLC, Moog Inc., NITTA Corp., NRP Jones, OLMEC Srl, Pacoma GmbH, Parker Hannifin Corp., Rexa Inc., Robert Bosch GmbH, Siemens AG, SMC Corp, Texas Hydraulics, The Kerry Co. Inc., Transfer Oil S.p.A., WEBER HYDRAULIK GmbH, Wipro Ltd., and RYCO Hydraulics Pty Ltd. 

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market analysis and report forecasts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Product Outlook 
    • Pump and motor
    • Valve
    • Cylinder
    • Accumulator and filter
    • Others
  • Application Outlook 
    • Mobile
    • Industrial
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The market encompasses a diverse range of heavy-duty construction machinery like backhoes, motor graders, wheel loaders, and dumper trucks utilized across various sectors such as mining, oil & gas, and agriculture. Integral components like filters, accumulators, and transmissions ensure efficient operation in demanding environments. Innovations like smart valves and waterproof designs enhance performance, while HydraForce leads in supplying hydraulic components like cartridge valves and hydraulic integrated circuits (HIC). With the rise of urbanization, the demand for hydraulics in construction and industrial equipment remains robust.

Further, The market caters to diverse sectors like construction, aerospace & defense, agriculture industry, mining industry, oil & gas industry, and marine industry, supplying essential equipment such as road rollers, dozers, and trenchers. With applications in mobile equipment and industrial processes, hydraulic systems play a pivotal role, supported by metal & machinery manufacturing firms. Original Equipment Manufacturers (OEMs) rely on hydraulic components like hydraulic hoses and cartridge valves for load-bearing parts and mobile hydraulics. The market's resilience is bolstered by its indispensable role in powering construction processes and facilitating various industrial operations.

Market Scope

Report Coverage

Details

Page number

187

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.61%

Market Growth 2024-2028

USD 16.80 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

4.43

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 41%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

2G Engineering, Caterpillar Inc., Daikin Industries Ltd., Dana Inc., Dyna Flex Inc, Eaton Corp. Plc, Emerson Electric Co., Enerpac Tool Group Corp., Flowserve Corp., Gates Industrial Corp. Plc, Hangzhou WREN hydraulic equipment manufacture Co. Ltd., HANNON HYDRUALICS LLC, HYDAC International GmbH, Kawasaki Heavy Industries Ltd., Komatsu Ltd., Kurt Manufacturing Co, Ligon Industries LLC, Moog Inc., NITTA Corp., NRP Jones, OLMEC Srl, Pacoma GmbH, Parker Hannifin Corp., Rexa Inc., Robert Bosch GmbH, Siemens AG, SMC Corp, Texas Hydraulics, The Kerry Co. Inc., Transfer Oil S.p.A., WEBER HYDRAULIK GmbH, Wipro Ltd., and RYCO Hydraulics Pty 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 the forecast period. 

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market growth and forecasting across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market  companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global hydraulic equipment market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global hydraulic equipment market 2018 - 2022 ($ billion)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Pump and motor - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Pump and motor - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Pump and motor - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Pump and motor - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Pump and motor - Year-over-year growth 2023-2028 (%)
    • 6.4 Valve - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Valve - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Valve - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Valve - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Valve - Year-over-year growth 2023-2028 (%)
    • 6.5 Cylinder - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Cylinder - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Cylinder - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Cylinder - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Cylinder - Year-over-year growth 2023-2028 (%)
    • 6.6 Accumulator and filter - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Accumulator and filter - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Accumulator and filter - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Accumulator and filter - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Accumulator and filter - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ billion)
      • Exhibit 55: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 56: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 58: Chart on Comparison by Application
      • Exhibit 59: Data Table on Comparison by Application
    • 7.3 Mobile - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Mobile - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Mobile - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Mobile - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Mobile - Year-over-year growth 2023-2028 (%)
    • 7.4 Industrial - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Industrial - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Application
      • Exhibit 68: Market opportunity by Application ($ billion)
      • Exhibit 69: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 India - Market size and forecast 2023-2028
      • Exhibit 107: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.12 Japan - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 2G Engineering
              • Exhibit 123: 2G Engineering - Overview
              • Exhibit 124: 2G Engineering - Product / Service
              • Exhibit 125: 2G Engineering - Key offerings
            • 12.4 Caterpillar Inc.
              • Exhibit 126: Caterpillar Inc. - Overview
              • Exhibit 127: Caterpillar Inc. - Business segments
              • Exhibit 128: Caterpillar Inc. - Key news
              • Exhibit 129: Caterpillar Inc. - Key offerings
              • Exhibit 130: Caterpillar Inc. - Segment focus
            • 12.5 Daikin Industries Ltd.
              • Exhibit 131: Daikin Industries Ltd. - Overview
              • Exhibit 132: Daikin Industries Ltd. - Business segments
              • Exhibit 133: Daikin Industries Ltd. - Key offerings
              • Exhibit 134: Daikin Industries Ltd. - Segment focus
            • 12.6 Dana Inc.
              • Exhibit 135: Dana Inc. - Overview
              • Exhibit 136: Dana Inc. - Business segments
              • Exhibit 137: Dana Inc. - Key news
              • Exhibit 138: Dana Inc. - Key offerings
              • Exhibit 139: Dana Inc. - Segment focus
            • 12.7 Dyna Flex Inc
              • Exhibit 140: Dyna Flex Inc - Overview
              • Exhibit 141: Dyna Flex Inc - Key offerings
            • 12.8 Eaton Corp. Plc
              • Exhibit 142: Eaton Corp. Plc - Overview
              • Exhibit 143: Eaton Corp. Plc - Business segments
              • Exhibit 144: Eaton Corp. Plc - Key offerings
              • Exhibit 145: Eaton Corp. Plc - Segment focus
            • 12.9 Emerson Electric Co.
              • Exhibit 146: Emerson Electric Co. - Overview
              • Exhibit 147: Emerson Electric Co. - Business segments
              • Exhibit 148: Emerson Electric Co. - Key news
              • Exhibit 149: Emerson Electric Co. - Key offerings
              • Exhibit 150: Emerson Electric Co. - Segment focus
            • 12.10 Enerpac Tool Group Corp.
              • Exhibit 151: Enerpac Tool Group Corp. - Overview
              • Exhibit 152: Enerpac Tool Group Corp. - Product / Service
              • Exhibit 153: Enerpac Tool Group Corp. - Key offerings
            • 12.11 Kawasaki Heavy Industries Ltd.
              • Exhibit 154: Kawasaki Heavy Industries Ltd. - Overview
              • Exhibit 155: Kawasaki Heavy Industries Ltd. - Business segments
              • Exhibit 156: Kawasaki Heavy Industries Ltd. - Key news
              • Exhibit 157: Kawasaki Heavy Industries Ltd. - Key offerings
              • Exhibit 158: Kawasaki Heavy Industries Ltd. - Segment focus
            • 12.12 Komatsu Ltd.
              • Exhibit 159: Komatsu Ltd. - Overview
              • Exhibit 160: Komatsu Ltd. - Business segments
              • Exhibit 161: Komatsu Ltd. - Key news
              • Exhibit 162: Komatsu Ltd. - Key offerings
              • Exhibit 163: Komatsu Ltd. - Segment focus
            • 12.13 Parker Hannifin Corp.
              • Exhibit 164: Parker Hannifin Corp. - Overview
              • Exhibit 165: Parker Hannifin Corp. - Business segments
              • Exhibit 166: Parker Hannifin Corp. - Key news
              • Exhibit 167: Parker Hannifin Corp. - Key offerings
              • Exhibit 168: Parker Hannifin Corp. - Segment focus
            • 12.14 Robert Bosch GmbH
              • Exhibit 169: Robert Bosch GmbH - Overview
              • Exhibit 170: Robert Bosch GmbH - Business segments
              • Exhibit 171: Robert Bosch GmbH - Key news
              • Exhibit 172: Robert Bosch GmbH - Key offerings
              • Exhibit 173: Robert Bosch GmbH - Segment focus
            • 12.15 Siemens AG
              • Exhibit 174: Siemens AG - Overview
              • Exhibit 175: Siemens AG - Business segments
              • Exhibit 176: Siemens AG - Key news
              • Exhibit 177: Siemens AG - Key offerings
              • Exhibit 178: Siemens AG - Segment focus
            • 12.16 WEBER HYDRAULIK GmbH
              • Exhibit 179: WEBER HYDRAULIK GmbH - Overview
              • Exhibit 180: WEBER HYDRAULIK GmbH - Product / Service
              • Exhibit 181: WEBER HYDRAULIK GmbH - Key offerings
            • 12.17 Wipro Ltd.
              • Exhibit 182: Wipro Ltd. - Overview
              • Exhibit 183: Wipro Ltd. - Business segments
              • Exhibit 184: Wipro Ltd. - Key news
              • Exhibit 185: Wipro Ltd. - Key offerings
              • Exhibit 186: Wipro Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 187: Inclusions checklist
                • Exhibit 188: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 189: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 190: Research methodology
                • Exhibit 191: Validation techniques employed for market sizing
                • Exhibit 192: Information sources
              • 13.5 List of abbreviations
                • Exhibit 193: 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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              hydraulic equipment market market

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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?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
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              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • 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