Industrial Sector to Be the Largest End-Use Sector for Hydraulic Components, States Industry Experts in Its Report Available at MarketPublishers.com28 Sep 2016 • by Natalie Aster
LONDON – A growing incentive toward plant automation and centered on enhancing productivity, diminishing downtime and saving energy has driven up the demand for industrial hydraulic equipment meant for supporting process automation. Latin American, Asian and Middle Eastern countries have taken the lead with respect to plant and process automation, stimulated by the development of manufacturing infrastructure, fast-pace industrialisation, and GDP growth, a scenario perfect for a rapid upsurge in demand for plant automation systems based on hydraulics. The use of compact hydraulics in assembly automation delivers a range of distinct benefits, comprising lowering of loads and smooth lifting, adjustability in pre-programmed machine speeds, reduction in the cost of production and eradication of downtime losses.
The transportation & logistics sector has also been positively influenced by the boom in the industrial activity. The ensuing demand for material handling equipment (MHE), like dock levelers, scissor lifts, etc., in tandem with expansion in warehousing facilities, has played a major part in boosting the demand for hydraulic component, like pistons and cylinders. The usage of hydraulic excavators has been driven by the rise of construction activity, especially in developing markets. In the emerging regions like India, China, Brazil, and the Middle East the number and scale of commercial and infrastructure projects has followed an upward trend, thus creating robust demand for hydraulic equipment.
The industrial sector is poised to be largest end user of hydraulic components with its value standing at USD 21 billion in 2016; the industry is set to be estimated at USD 29 billion by 2022-end, posting 5.5% CAGR.
In-demand research report “Hydraulic Components – A Global Market Overview” drawn up by Industry Experts is devoted to provide an all-round market analysis from a global perspective, with a focus on the top 5 regions such as Europe, North America, APAC, Latin America and RoW, with the regional markets evaluated for 13 independent nations.
The study includes a comprehensive analysis of the key product segments, which are further examined for sub-types of cylinders, accumulators and hydraulic pumps & motors. The report analyses the main end users of hydraulic components. The global markets for the above mentioned product segments and end-use sectors are analysed by value 2012-2022. The report takes a look at the key market and business trends. The publication offers granular profiles of the 47 global players and 62 overall key players worldwide. It includes the listing of the 901 firms engaged in R&D, production and supply of hydraulic components.
More in-demand studies by this publisher are available at Industry Experts page.