Hydraulic Hose and Fittings Market by End-user and Geography - Forecast and Analysis 2022-2026
- Published: Aug 2022
- Pages: 149
- SKU: IRTNTR40115
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The hydraulic hose and fittings market share is expected to increase by USD 416.79 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.81%.
This hydraulic hose and fittings 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 hose and fittings market segmentations by end-user (construction machinery, agricultural machinery, material handling machinery, and others) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The hydraulic hose and fittings market report also offer information on several market vendors, including AB Volvo, Bailey International LLC, Bridgestone Corp., Caterpillar Inc., Dyna Flex Inc, Eaton Corp. Plc, Emerson Electric Co., Enerpac Tool Group Corp., Gates Industrial Corp. Plc, Komatsu Mining Corp., Kurt Manufacturing Co, Manuli Hydraulics Group, Nitta Industries Europe GmbH, NRP Jones, Parker Hannifin Corp., RYCO Hydraulics Pty Ltd., Shandong Yuelong Rubber and Plastic Technology Co Ltd, Transfer Oil Spa, Wipro LTD., Yokohama Rubber Co. Ltd., and Continental AG among others.
What will the Hydraulic Hose And Fittings Market Size be During the Forecast Period?
Download Report Sample to Unlock the Hydraulic Hose and Fittings Market Size for the Forecast Period and Other Important Statistics
Hydraulic Hose And Fittings Market: Key Drivers, Trends, and Challenges
The mechanization of agriculture and growth in the agriculture machinery market is notably driving the hydraulic hose and fittings market growth, although factors such as fluctuations 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 hose and fittings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Hydraulic Hose And Fittings Market Driver
Mechanization of agriculture and growth in the agriculture machinery market is a key driving factors impacting the global hydraulic hose and fittings market growth. The demand for food globally is increasing with the growing population. Mechanized agriculture is a method wherein different types of agricultural machinery are used to mechanize the traditional agricultural processes and scale up farmers. productivity. Greater implementation of mechanization in agriculture will significantly impact the TFP and influence its growth. This is expected to lead to a rise in production due to improved management of inputs. The expansion of the agricultural machinery market is driven by technological innovations, demand for advanced agricultural machinery, rise in the mechanization of farming operations, increased per capita income of farmers in developed economies, and global food demand.
Key Hydraulic Hose And Fittings Market Trend
Growth in unconventional E&P projects is a key trend impacting the global hydraulic hose and fittings market growth. The offshore deep-water and ultra-deep-water projects are facing uncertainties in regions like Europe and North America, and regions such as Brazil and the Gulf of Mexico, which have large oil reservoirs, have resumed their drilling and production operations. With a gradual rise in the number of drilling projects, the need for directional drilling services is likely to increase due to their various applications. The increase in oil and gas demand worldwide has also led to an increased interest in the development of unconventional resources such as tight oil and shale gas. Hydrates possess a large amount of trapped methane, which makes them an attractive energy resource. Hydraulic fracturing is a major activity involved in shale gas extraction, increasing E&P projects are expected to create immense growth opportunities for hydraulic hose and fittings vendors during the forecast period.
Key Hydraulic Hose And Fittings Market Challenge
Fluctuations in raw material prices will be a major challenge negatively impacting the global hydraulic hose and fittings market growth. Rubber and steel are commonly used as raw materials in hydraulic hoses and fittings. Price fluctuations bring unpredictability to the market, adversely affect production costs, and reduce vendors. profit margins. Thus, fluctuations in rubber prices eat into the profit margins of hydraulic hose and fittings vendors and hinder the market growth during the forecast period. Steel which is another widely used raw material in the production of hydraulic hoses and fittings, prices are unstable due to the fluctuating raw material prices along with excess steel production. A decline in oil prices also influences the price of steel. Steelmakers find it difficult to estimate raw material prices, given the constant fluctuations. Therefore, the high volatility in raw material prices challenges the growth of the global hydraulic hose and fittings market.
This hydraulic hose and fittings 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 2022-2026.
Parent Market Analysis
Technavio categorizes the global hydraulic hose and fittings 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 market during the forecast period.
Who are the Major Hydraulic Hose And Fittings Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AB Volvo
- Bailey International LLC
- Bridgestone Corp.
- Caterpillar Inc.
- Dyna Flex Inc
- Eaton Corp. Plc
- Emerson Electric Co.
- Enerpac Tool Group Corp.
- Gates Industrial Corp. Plc
- Komatsu Mining Corp.
- Kurt Manufacturing Co
- Manuli Hydraulics Group
- Nitta Industries Europe GmbH
- NRP Jones
- Parker Hannifin Corp.
- RYCO Hydraulics Pty Ltd.
- Shandong Yuelong Rubber and Plastic Technology Co Ltd
- Transfer Oil Spa
- Wipro LTD.
- Yokohama Rubber Co. Ltd.
- Continental AG
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
Product Insights and News
-
Bridgestone Corp. - The company offers hydraulic hose and fittings to various areas of building, construction, mining, agriculture, transportation, food, and other markets.
To make the most of the opportunities and recover from the 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 hose and fittings market forecast report offer in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Hydraulic Hose And Fittings Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the hydraulic hose and fittings 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.
Which are the Key Regions for Hydraulic Hose And Fittings Market?
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52% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for hydraulic hose and fittings market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The hydraulic hose and fittings market in APAC is likely to grow at a relatively faster rate than in other regions due to factors such as rapid industrialization and urbanization, which have led to an increase in construction projects which will facilitate the 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 2020, most industrial operations in the region were adversely affected by the outbreak of COVID-19. China, India, Indonesia, and Bangladesh were some of the countries in the region most affected by the pandemic. In March 2020, non-essential industries, such as automotive and construction, temporarily shut down their operations, which led to a decline in the adoption of hydraulic hoses and fittings. However, in the agriculture industry, the demand for hydraulic hoses and fittings registered considerable growth in 2021 as it is an essential industry. The demand for hydraulics hoses and fittings from non-essential industries is expected to rise following the gradual resumption of operations and the adoption of new strategies by the vendors operating in these industries to recover from the impact of the COVID-19 pandemic. Furthermore, the increasing production of COVID-19 vaccines and the initiation of vaccination campaigns are expected to drive the growth of the hydraulic hose and fittings market in the region during the forecast period.
What are the Revenue-generating End-user Segments in the Hydraulic Hose And Fittings Market?
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The market share growth in the construction machinery segment will be significant during the forecast period. The demand for construction equipment is driven by developed and developing economies that focus on improving their existing infrastructure.
This report provides an accurate prediction of the contribution of all the segments to the growth of the hydraulic hose and fittings market size and actionable market insights on post COVID-19 impact on each segment.
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Hydraulic Hose And Fittings Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.81% |
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Market growth 2022-2026 |
$ 416.79 million |
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Market structure |
Fragmented |
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YoY growth (%) |
2.45 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 52% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AB Volvo, Bailey International LLC, Bridgestone Corp., Caterpillar Inc., Dyna Flex Inc, Eaton Corp. Plc, Emerson Electric Co., Enerpac Tool Group Corp., Gates Industrial Corp. Plc, Komatsu Mining Corp., Kurt Manufacturing Co, Manuli Hydraulics Group, Nitta Industries Europe GmbH, NRP Jones, Parker Hannifin Corp., RYCO Hydraulics Pty Ltd., Shandong Yuelong Rubber and Plastic Technology Co Ltd, Transfer Oil Spa, Wipro LTD., Yokohama Rubber Co. Ltd., and Continental AG |
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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 and Market condition analysis for the forecast period. |
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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. |
What are the Key Data Covered in this Hydraulic Hose And Fittings Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive hydraulic hose and fittings market growth during the next five years
- Precise estimation of the hydraulic hose and fittings market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the hydraulic hose and fittings industry across APAC, North America, Europe, Middle East and Africa, 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 hose and fittings market vendors
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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 End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Construction machinery - Market size and forecast 2021-2026
- Exhibit 28: Chart on Construction machinery - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Construction machinery - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Construction machinery - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Construction machinery - Year-over-year growth 2021-2026 (%)
- 5.4 Agricultural machinery - Market size and forecast 2021-2026
- Exhibit 32: Chart on Agricultural machinery - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Agricultural machinery - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Agricultural machinery - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Agricultural machinery - Year-over-year growth 2021-2026 (%)
- 5.5 Material handling machinery - Market size and forecast 2021-2026
- Exhibit 36: Chart on Material handling machinery - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Material handling machinery - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Material handling machinery - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Material handling machinery - Year-over-year growth 2021-2026 (%)
- 5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by End-user
- Exhibit 44: Market opportunity by End-user ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.12 UK - Market size and forecast 2021-2026
- Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 Bailey International LLC
- Exhibit 97: Bailey International LLC - Overview
- Exhibit 98: Bailey International LLC - Product / Service
- Exhibit 99: Bailey International LLC - Key offerings
- 10.4 Bridgestone Corp.
- Exhibit 100: Bridgestone Corp. - Overview
- Exhibit 101: Bridgestone Corp. - Business segments
- Exhibit 102: Bridgestone Corp. - Key news
- Exhibit 103: Bridgestone Corp. - Key offerings
- Exhibit 104: Bridgestone Corp. - Segment focus
- 10.5 Caterpillar Inc.
- Exhibit 105: Caterpillar Inc. - Overview
- Exhibit 106: Caterpillar Inc. - Business segments
- Exhibit 107: Caterpillar Inc. - Key offerings
- Exhibit 108: Caterpillar Inc. - Segment focus
- 10.6 Continental AG
- Exhibit 109: Continental AG - Overview
- Exhibit 110: Continental AG - Business segments
- Exhibit 111: Continental AG - Key news
- Exhibit 112: Continental AG - Key offerings
- Exhibit 113: Continental AG - Segment focus
- 10.7 Eaton Corp. Plc
- Exhibit 114: Eaton Corp. Plc - Overview
- Exhibit 115: Eaton Corp. Plc - Business segments
- Exhibit 116: Eaton Corp. Plc - Key news
- Exhibit 117: Eaton Corp. Plc - Key offerings
- Exhibit 118: Eaton Corp. Plc - Segment focus
- 10.8 Emerson Electric Co.
- Exhibit 119: Emerson Electric Co. - Overview
- Exhibit 120: Emerson Electric Co. - Business segments
- Exhibit 121: Emerson Electric Co. - Key news
- Exhibit 122: Emerson Electric Co. - Key offerings
- Exhibit 123: Emerson Electric Co. - Segment focus
- 10.9 Enerpac Tool Group Corp.
- Exhibit 124: Enerpac Tool Group Corp. - Overview
- Exhibit 125: Enerpac Tool Group Corp. - Product / Service
- Exhibit 126: Enerpac Tool Group Corp. - Key offerings
- 10.10 Parker Hannifin Corp.
- Exhibit 127: Parker Hannifin Corp. - Overview
- Exhibit 128: Parker Hannifin Corp. - Business segments
- Exhibit 129: Parker Hannifin Corp. - Key news
- Exhibit 130: Parker Hannifin Corp. - Key offerings
- Exhibit 131: Parker Hannifin Corp. - Segment focus
- 10.11 Wipro LTD.
- Exhibit 132: Wipro LTD. - Overview
- Exhibit 133: Wipro LTD. - Business segments
- Exhibit 134: Wipro LTD. - Key offerings
- Exhibit 135: Wipro LTD. - Segment focus
- 10.12 Yokohama Rubber Co. Ltd.
- Exhibit 136: Yokohama Rubber Co. Ltd. - Overview
- Exhibit 137: Yokohama Rubber Co. Ltd. - Business segments
- Exhibit 138: Yokohama Rubber Co. Ltd. - Key news
- Exhibit 139: Yokohama Rubber Co. Ltd. - Key offerings
- Exhibit 140: Yokohama Rubber Co. Ltd. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 141: Inclusions checklist
- Exhibit 142: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 143: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 144: Research methodology
- Exhibit 145: Validation techniques employed for market sizing
- Exhibit 146: Information sources
- 11.5 List of abbreviations
- Exhibit 147: List of abbreviations
- in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
- slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.
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
Frequently Asked Questions?
- US
- China
- Japan
- Germany
- UK
- Mechanization of agriculture and growth in the agriculture machinery market
- Growth in unconventional E and P projects
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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