Published Date : Nov 21, 2016
ALBANY, NY, Nov 21, 2016: The latest addition, “Global Hydraulic Equipment Market For Mobile Applications 2016-2020,” is an all-inclusive coverage of the current market situation and feasible prospects of growth for hydraulic equipment and all its end users. In order to accurately calculate the size of the global hydraulic equipment market, the report includes sales revenues of hydraulic equipment from all regions.
According to the report, the global hydraulic equipment market is expected to expand at a CAGR of 6.38 within the forecast period from 2016 to 2020. This is considered to be a healthy growth rate for the market. The primary driver augmenting the growth rate of the global hydraulic equipment market is the increasing rate of mechanization of the agriculture industry. The growing use of machines in agriculture, especially in developing economies that are predominantly agrarian in culture, is proving to be extremely beneficial to the manufacturers of hydraulic equipment.
A key trend followed in the global hydraulic equipment market currently is the catering by manufacturers to the higher demand for fire-resistant hydraulic equipment and fluids. Advancements in technologies and materials have allowed manufacturers to create hydraulic equipment that are not only resistant to high temperatures and fire, but can also perform efficiently in extreme environments. This makes the use of hydraulic equipment easier in harsh environments, such as those in offshore exploration activities.
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However, the global hydraulic equipment market is currently being restrained by the steadily growing preference of clients for pneumatic equipment. Pneumatic equipment is much lighter and can provide high pressure functionality, but till recent times were mostly unaffordable to medium and small sized companies. However, the growing competition in this market and the use of efficient manufacturing methods has allowed the prices of pneumatic gear to fall considerably, putting them within reach for many companies.
The report’s geographical segmentation of the global hydraulic equipment market provides a clear view of the leading and lagging regions and what they can do to improve their revenue generation and market standing. The three major regions taken up for dissection in the report include the Americas, Asia Pacific, and EMEA. Each region holds a diverse volume of demand for various types of products in the global hydraulic equipment market, all of which are subject to change over the coming years. The report attempts to explain how each of these segments will behave in different regions.
The key players in the global hydraulic equipment market include Kawasaki Heavy Industries, Eaton, Bosch Rexroth, and Parker Hannifin. Each key players is explained on the basis of player profile, current market activities, and a region-based impact on the market. Other prominent players mentioned in the report include Moog, WEBER-HYDRAULIK, Dongyang Mechatronics, Brevini Fluid Power, and Wipro Infrastructure Engineering.
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