Global Hydraulic Equipment Market Drivers, Restraints, Potential Growth Opportunities, Vendor Competitive Landscape, Trends and Forecast 2018-2028

It’s being expected that by 2028, the Hydraulic Equipment market cap will hit  USD 61.23 billion at a CAGR growth of about 9.11%. 

Hydraulic equipment uses the pressurized fluid to generate the power. These fluids can be either water or oil. Rising building and construction activities is the major factor which is driving the growth of the global hydraulic equipment market. Construction activities have been rising around the world, mainly in developing economies. Residential sector is one of the important growth sector in the construction industry.

The North America accounted for one of the fastest growing hydraulic equipment market share, with rising infrastructure opportunities in the innovative economies such as the United States, this area will remain to continue to lead the market over the forecast period.

The global hydraulic equipment market is segmented based on application, product, end-use, and geography. By product, this market is classified into motors, filters, cylinders, valves, accumulators, pumps, transmissions and others. Based on application, the hydraulic equipment market is classified as mobile and industrial. The mobile segment values for almost xx% of the hydraulic equipment market and it is expected to grow one of the leading market over forecast period. By end-use, the global hydraulic equipment market is categorized as food & beverage, water and wastewater, oil & gas, automotive, renewable energy, plastics, machine tools, hydraulic press, simulators, entertainment and others. Geographically, this market is sub-segmented into Europe, North America, Europe, South America, Asia-Pacific and Rest of the World.

The incessant replacement of hydraulic usage with full of electrical systems is one of the major factors hindering the progress or growth of global hydraulic equipment market. Various mobile applications are using electronic equipment related with hydraulic equipment, it turn positive impact on the growth of hydraulic equipment market during the forecast period.

Global hydraulic equipment market: Trends

The growing diffusion of IoT and digitization in hydraulic devices is a key trend of global hydraulic equipment market. The IoT technology used for defining connector leakage or hydraulic hose failure which is one of the main issue with hydraulic systems.

Hydraulic Equipment Market Scope

Key segments of the global Hydraulic Equipment market

By Component (USD Billion)
                    •    Motors
                    •    Pumps
                    •    Valves
                    •    Cylinders
                    •    Filters
                    •    Accumulators
                    •    Transmissions
                    •    Others
Regional Overview, (USD Billion)
        •    North America
                o    U.S.
                o    Canada
                o    Mexico
        •    Europe
                o    UK
                o    Italy
                o    France
                o    Germany
                o    Russia
                o    Rest of Europe
        •    Asia-Pacific
                o    China
                o    Japan
                o    Korea
                o    India
                o    Southeast Asia
                o    Rest of Asia-Pacific
        •    Middle East & Africa
                o    Saudi Arabia
                o    UAE
                o    Egypt
                o    Nigeria
                o    South Africa
                o    Rest of Middle East & Africa
        •    Central & South America
                o    Brazil
                o    Argentina
                o    Colombia
                o    Rest of South America