Hydraulics Market by Components (Motors, Pumps, Cylinders, Valves, Filters, Accumulators, Transmissions), Type (Mobile Hydraulics, Industrial Hydraulics), End User (Construction, Agriculture, Material Handling), Sensors & Region - Global Forecast to 2028
The hydraulics market is expected to grow from USD 42.5 billion in 2023 to USD 50.5 billion by 2028, at a CAGR of 3.5% during the forecast period. The surge in construction projects, the growing need for advanced agricultural machinery, and the rising demand for material-handling equipment are some of the factors driving the hydraulics market. In addition, the increased utilization of lifting machinery in shipping and the growing embrace of electric vehicles are expected to open up opportunities in the evolving hydraulics market.
“Cylinders segment is expected to grow at the highest CAGR during the forecast period.”
The cylinders segment is expected to grow at the highest CAGR during the forecast period. Multiple companies operating within the hydraulic cylinder market consistently allocate resources to research and development, aiming to enhance and innovate their hydraulic cylinders to offer superior solutions to their clients. Due to the intense competition in the hydraulic cylinder market, companies find it imperative to regularly upgrade their products. The evolution of smart hydraulic cylinders stands out as a crucial innovation propelling the hydraulics market forward. Known for their durability and simplicity, hydraulic cylinders are user-friendly components utilized in both industrial and mobile equipment. These cylinders find application in various sectors such as construction, aerospace, material handling, automotive, agriculture, mining, oil and gas, as well as marine applications.
“Mobile hydraulics is expected to grow at the highest CAGR during the forecast period.”
The mobile hydraulics segment is expected to grow at the highest CAGR during the forecast period. Mobile hydraulic equipment, used in non-stationary machinery, meets the rising demand for hydraulic power in remote areas, leading to the incorporation of hydraulic cylinders. Technological advancements allow for easy lifting of heavy objects, enhancing stability and making mobile hydraulics a preferred choice. The increasing use of automated heavy construction and mining vehicles drives the growth of the mobile hydraulics market, ensuring worker safety and operational efficiency across various industries.
“Agriculture industry is expected to grow at the highest CAGR during the forecast period.”
The agriculture industry is expected to grow at the highest CAGR during the forecast period. The agricultural industry is expanding due to the increased reliance on machinery for executing intricate tasks, ranging from planting vegetables to plowing fields. Manufacturers consistently aim to sustain high production levels while navigating diverse terrains and adapting to varying environmental conditions. Tasks involving moving heavy loads, fieldwork, crop handling, and more are performed on mobile equipment under significant stress. From pecan tree shakers to sugar cane harvesters and automated bale trailers to sprayer booms, hydraulics are integrated into nearly all agricultural equipment for controlling lifting and movement.
“Asia Pacific region to register highest CAGR between 2023 and 2028.”
The hydraulics market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Rapid industrialization stands as a prominent driver, as countries within this region undergo significant industrial expansion. This surge in industrial activity generates a substantial demand for machinery and equipment reliant on hydraulic systems across various sectors such as manufacturing, construction, mining, and more. Moreover, the ongoing development of infrastructure plays a pivotal role in propelling the hydraulics market. Countries like China, India, and several Southeast Asian nations are actively engaged in extensive infrastructure projects, necessitating heavy machinery equipped with hydraulic components for construction purposes. This heightened demand for hydraulic systems and equipment in infrastructure development contributes significantly to market growth.
Breakdown of primaries
In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the hydraulics market space. The break-up of primary participants for the report has been shown below:
Research Coverage:
The report segments the hydraulics market and forecasts its size by components, type, end-user, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the hydraulics ecosystem.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the hydraulics market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
“Cylinders segment is expected to grow at the highest CAGR during the forecast period.”
The cylinders segment is expected to grow at the highest CAGR during the forecast period. Multiple companies operating within the hydraulic cylinder market consistently allocate resources to research and development, aiming to enhance and innovate their hydraulic cylinders to offer superior solutions to their clients. Due to the intense competition in the hydraulic cylinder market, companies find it imperative to regularly upgrade their products. The evolution of smart hydraulic cylinders stands out as a crucial innovation propelling the hydraulics market forward. Known for their durability and simplicity, hydraulic cylinders are user-friendly components utilized in both industrial and mobile equipment. These cylinders find application in various sectors such as construction, aerospace, material handling, automotive, agriculture, mining, oil and gas, as well as marine applications.
“Mobile hydraulics is expected to grow at the highest CAGR during the forecast period.”
The mobile hydraulics segment is expected to grow at the highest CAGR during the forecast period. Mobile hydraulic equipment, used in non-stationary machinery, meets the rising demand for hydraulic power in remote areas, leading to the incorporation of hydraulic cylinders. Technological advancements allow for easy lifting of heavy objects, enhancing stability and making mobile hydraulics a preferred choice. The increasing use of automated heavy construction and mining vehicles drives the growth of the mobile hydraulics market, ensuring worker safety and operational efficiency across various industries.
“Agriculture industry is expected to grow at the highest CAGR during the forecast period.”
The agriculture industry is expected to grow at the highest CAGR during the forecast period. The agricultural industry is expanding due to the increased reliance on machinery for executing intricate tasks, ranging from planting vegetables to plowing fields. Manufacturers consistently aim to sustain high production levels while navigating diverse terrains and adapting to varying environmental conditions. Tasks involving moving heavy loads, fieldwork, crop handling, and more are performed on mobile equipment under significant stress. From pecan tree shakers to sugar cane harvesters and automated bale trailers to sprayer booms, hydraulics are integrated into nearly all agricultural equipment for controlling lifting and movement.
“Asia Pacific region to register highest CAGR between 2023 and 2028.”
The hydraulics market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Rapid industrialization stands as a prominent driver, as countries within this region undergo significant industrial expansion. This surge in industrial activity generates a substantial demand for machinery and equipment reliant on hydraulic systems across various sectors such as manufacturing, construction, mining, and more. Moreover, the ongoing development of infrastructure plays a pivotal role in propelling the hydraulics market. Countries like China, India, and several Southeast Asian nations are actively engaged in extensive infrastructure projects, necessitating heavy machinery equipped with hydraulic components for construction purposes. This heightened demand for hydraulic systems and equipment in infrastructure development contributes significantly to market growth.
Breakdown of primaries
In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the hydraulics market space. The break-up of primary participants for the report has been shown below:
- By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
- By Designation: C-level Executives – 48%, Directors – 33%, and Others – 19%
- By Region: North America –35%, Europe– 18%, Asia Pacific – 40%, and RoW – 7%
Research Coverage:
The report segments the hydraulics market and forecasts its size by components, type, end-user, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the hydraulics ecosystem.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the hydraulics market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Analysis of key drivers (the surge in construction projects, growing need for advanced agricultural machinery, and rising demand for material handling equipment), restraints (high manufacturing and maintenance costs, intensifying concerns regarding oil leaks), opportunities (advancement in intelligent hydraulic machinery, ongoing research and technological progress in hydraulic cylinders, surging adoption of lifting equipment in the shipping industry, increasing uptake of electric vehicles), and challenges (availability of substitute products).
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the hydraulics market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the hydraulics market across varied regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the hydraulics market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Danfoss (Denmark), Bosch Rexroth AG (Germany), Parker Hannifin Corporation (US), and other players.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.8.1 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 HYDRAULICS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primary interviews
2.1.2.2 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE):
REVENUE FROM HYDRAULICS MARKET
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size using bottom-up approach
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for arriving at market size using top-down approach
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY
2.5 APPROACH TO IMPACT OF RECESSION
2.6 RISK ASSESSMENT
TABLE 1 LIMITATIONS AND ASSOCIATED RISKS
3 EXECUTIVE SUMMARY
FIGURE 7 CYLINDERS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD
FIGURE 8 MOBILE SEGMENT TO HOLD LARGER SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD
FIGURE 9 AGRICULTURE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 10 ASIA PACIFIC HYDRAULICS MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN HYDRAULICS MARKET
FIGURE 11 MARKET PLAYERS TO WITNESS LUCRATIVE GROWTH OPPORTUNITIESIN ASIA PACIFIC
4.2 HYDRAULICS MARKET, BY COMPONENT
FIGURE 12 CYLINDERS SEGMENT TO DOMINATE HYDRAULICS MARKET DURING FORECAST PERIOD
4.3 HYDRAULICS MARKET, BY END USER
FIGURE 13 CONSTRUCTION SEGMENT TO LEAD HYDRAULICS MARKET DURING FORECAST PERIOD
4.4 HYDRAULICS MARKET, BY TYPE
FIGURE 14 MOBILE SEGMENT TO HOLD MAJOR SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD
4.5 HYDRAULICS MARKET, BY REGION
FIGURE 15 MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 HYDRAULICS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
FIGURE 17 IMPACT ANALYSIS: DRIVERS
5.2.1.1 Accelerating construction activities leading to demand for hydraulic equipment
5.2.1.2 Increasing requirement of material handling equipment
5.2.1.3 Mounting demand for advanced agricultural equipment
5.2.1.4 Increasing penetration of hydraulic equipment across industries
5.2.1.5 Expanding process industries
5.2.2 RESTRAINTS
FIGURE 18 IMPACT ANALYSIS: RESTRAINTS
5.2.2.1 Intensifying concerns regarding oil leaks
5.2.2.2 High manufacturing and maintenance costs
5.2.3 OPPORTUNITIES
FIGURE 19 IMPACT ANALYSIS: OPPORTUNITIES
5.2.3.1 Surging adoption of lifting equipment in shipping industry
5.2.3.2 Development of smart hydraulic equipment
5.2.3.3 Continuous R&D and technological advancements in hydraulic cylinders
5.2.3.4 Increasing uptake of electric vehicles
5.2.4 CHALLENGES
FIGURE 20 IMPACT ANALYSIS: CHALLENGES
5.2.4.1 Availability of substitute products
5.3 VALUE CHAIN
FIGURE 21 HYDRAULICS MARKET: VALUE CHAIN ANALYSIS
5.3.1 RAW MATERIAL SUPPLIERS
5.3.2 MANUFACTURERS
5.3.3 DISTRIBUTORS
5.3.4 END USER INDUSTRIES
5.3.5 AFTER-SALES SERVICE PROVIDERS
5.4 ECOSYSTEM
FIGURE 22 HYDRAULICS MARKET: ECOSYSTEM
TABLE 2 HYDRAULICS MARKET ECOSYSTEM
5.5 PRICING ANALYSIS
TABLE 3 AVERAGE SELLING PRICE BASED ON CYLINDER TYPE
5.5.1 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS OFFEREDBY TOP PLAYERS
FIGURE 23 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS OFFERED BY TOP PLAYERS
TABLE 4 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS OFFERED BY TOP PLAYERS
FIGURE 24 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS 2022–2028 (USD)
TABLE 5 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS, BY REGION
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
5.7 TECHNOLOGY ANALYSIS
5.7.1 INTRODUCTION
5.7.2 IMPACT OF IOT ON HYDRAULIC ECOSYSTEM
5.7.2.1 Introduction
5.7.2.2 IoT empowers control in hydraulic applications
FIGURE 25 MONITORING HYDRAULIC-BASED MACHINERY USING IOT
5.7.2.3 IoT offers remote control of plant systems
5.7.2.4 Integration of IoT with fluid power
5.7.2.5 IoT sensors in hydraulics
5.7.3 INCREASING DIGITIZATION OF MOBILE HYDRAULIC PRODUCT PORTFOLIO
5.7.4 INCREASING USE OF DIFFERENT SENSOR TECHNOLOGIES IN MOBILE HYDRAULICS
5.7.4.1 Position sensors vital in mobile hydraulic solutions
5.7.5 IMPACT OF 5G TECHNOLOGY ON HYDRAULIC ECOSYSTEM
5.7.6 SHIFT OF FUNCTIONALITY IN SOFTWARE ARCHITECTURE USED
FOR INDUSTRY 4.0
5.7.7 SOFTWARE & SERVICES
5.7.7.1 Software to help automate various tasks involved in running and monitoring devices
5.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 26 HYDRAULICS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS
TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR
TOP END USERS (%)
5.9.2 BUYING CRITERIA
FIGURE 28 KEY BUYING CRITERIA FOR TOP END USERS
TABLE 7 KEY BUYING CRITERIA FOR TOP END USERS
5.10 CASE STUDIES
5.10.1 GENAN ADOPTED BOSCH REXROTH’S HYDRAULICS TO EXTEND TIRE LIFE AND PRODUCTIVITY
5.10.2 ECO GREEN CONTRACTED PARKER-HANNIFIN CORPORATION TO ACHIEVE VOLUME AND HIGH-QUALITY CRUMB RUBBER IN ONE MACHINE
5.11 TRADE ANALYSIS
FIGURE 29 IMPORT DATA FOR HS CODE 841221, BY KEY COUNTRY, 2018–2022 (USD MILLION)
FIGURE 30 EXPORT DATA FOR HS CODE 841221, BY KEY COUNTRY, 2018–2022 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 31 HYDRAULICS PATENTS GRANTED, 2013–2022
FIGURE 32 COMPANIES WITH HIGHEST NUMBER OF HYDRAULICS PATENT APPLICATIONS, 2013–2022
TABLE 8 TOP 20 PATENT OWNERS IN LAST 10 YEARS(2013–2022)
TABLE 9 PATENTS PERTAINING TO HYDRAULICS MARKET, 2021–2023
5.13 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 10 CONFERENCES AND EVENTS
5.14 TARIFF AND REGULATORY LANDSCAPE
5.14.1 TARIFF FOR HS CODE 841221-PRESSURE-REDUCING VALVES
TABLE 11 AVERAGE TARIFF (ESTIMATED), BY COUNTRY (%)
5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.3 STANDARDS AND REGULATIONS RELATED TO HYDRAULICS MARKET
TABLE 16 HYDRAULICS MARKET: STANDARDS AND REGULATIONS
6 HYDRAULICS MARKET, BY COMMUNICATION TECHNOLOGY
6.1 INTRODUCTION
6.2 RADIOFREQUENCY
6.3 BLUETOOTH
6.4 WI-FI
6.5 4G/5G CELLULAR
7 HYDRAULICS MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 33 HYDRAULICS MARKET, BY TYPE
TABLE 17 HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 18 HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
FIGURE 34 MOBILE SEGMENT TO DOMINATE HYDRAULICS MARKET DURING FORECAST PERIOD
7.2 MOBILE
7.2.1 DEMAND FOR HYDRAULIC POWER AT REMOTE AND DIFFICULT TERRAINS TO DRIVE MARKET
TABLE 19 MOBILE: HYDRAULICS MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 20 MOBILE: HYDRAULICS MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 21 MOBILE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 22 MOBILE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
7.3 INDUSTRIAL
7.3.1 CRUCIAL ROLE IN LIFTING HEAVY LOADS AND EQUIPMENT TO DRIVE MARKET
TABLE 23 INDUSTRIAL: HYDRAULICS MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 24 INDUSTRIAL: HYDRAULICS MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 25 INDUSTRIAL: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 26 INDUSTRIAL: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
8 HYDRAULICS MARKET, BY COMPONENT
8.1 INTRODUCTION
FIGURE 35 HYDRAULICS MARKET, BY COMPONENT
FIGURE 36 CYLINDERS TO LEAD HYDRAULICS MARKET DURING FORECAST PERIOD
TABLE 27 HYDRAULICS MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 28 HYDRAULICS MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
8.2 MOTORS
8.2.1 INCREASED FUEL SAVINGS AND DECREASED CARBON DIOXIDE EMISSIONS TO DRIVE MARKET
TABLE 29 MOTORS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 30 MOTORS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.3 PUMPS
8.3.1 EFFICIENCY AND LOWER ENERGY CONSUMPTION TO DRIVE MARKET
TABLE 31 PUMPS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 32 PUMPS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.4 CYLINDERS
8.4.1 DURABILITY, SIMPLICITY, AND EASE OF USE TO DRIVE MARKET
TABLE 33 CYLINDERS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 34 CYLINDERS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 35 CYLINDERS: HYDRAULICS MARKET, 2019–2022 (THOUSAND UNITS)
TABLE 36 CYLINDERS: HYDRAULICS MARKET, 2023–2028 (THOUSAND UNITS)
8.5 VALVES
8.5.1 INTEGRATION OF LATEST TECHNOLOGIES TO DRIVE MARKET
TABLE 37 VALVES: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 38 VALVES: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.6 TRANSMISSIONS
8.6.1 PRECISE POWER TRANSMISSION REQUIREMENTS OF OFF-ROAD EQUIPMENT TO DRIVE MARKET
TABLE 39 TRANSMISSIONS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 40 TRANSMISSIONS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.7 ACCUMULATORS
8.7.1 SYSTEM ACCURACY AND MAXIMUM PRECISION TO DRIVE MARKET
TABLE 41 ACCUMULATORS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 42 ACCUMULATORS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.8 FILTERS
8.8.1 INCREASING DEPLOYMENT TO LIMIT CONTAMINANT-RELATED SYSTEM FAILURES TO DRIVE MARKET
TABLE 43 FILTERS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 44 FILTERS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.9 OTHER COMPONENTS
TABLE 45 OTHER COMPONENTS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 46 OTHER COMPONENTS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
9 HYDRAULICS MARKET, BY SENSOR
9.1 INTRODUCTION
FIGURE 37 HYDRAULICS MARKET, BY SENSOR
FIGURE 38 POSITION SENSORS SEGMENT TO LEAD HYDRAULICS MARKET DURING FORECAST PERIOD
TABLE 47 HYDRAULICS MARKET, BY SENSOR, 2019–2022 (USD MILLION)
TABLE 48 HYDRAULICS MARKET, BY SENSOR, 2023–2028 (USD MILLION)
9.2 TILT SENSORS
9.2.1 INCLINATION CONTROL PROVIDING SAFE ZONES FOR PEOPLE TO DRIVE MARKET
9.3 POSITION SENSORS
9.3.1 ENABLE CONTROL SYSTEMS TO TAKE ACTION BASED ON FEEDBACK
9.4 PRESSURE SENSORS
9.4.1 ENSURING CONTROL OF PRESSURE WITHIN SYSTEMS TO DRIVE MARKET
9.5 TEMPERATURE SENSORS
9.5.1 RISING NEED FOR REAL-TIME TEMPERATURE MONITORING TO DRIVE MARKET
9.6 LEVEL SENSORS
9.6.1 MONITORING AND CONTROL OF LEVEL OF OPERATING FLUID TO DRIVE MARKET
9.7 FLOW SENSORS
9.7.1 MONITORING PUMP PERFORMANCE AND ENSURING FLUID FLOW TO DRIVE MARKET
10 HYDRAULICS MARKET, BY END USER
10.1 INTRODUCTION
FIGURE 39 HYDRAULICS MARKET, BY END USER
FIGURE 40 CONSTRUCTION SEGMENT TO HOLD LARGEST SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD
TABLE 49 HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 50 HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION)
10.2 CONSTRUCTION
10.2.1 GROWING GLOBAL POPULATION TO DRIVE MARKET
TABLE 51 CONSTRUCTION: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 52 CONSTRUCTION: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.3 AEROSPACE
10.3.1 RISING DEMAND FOR NEXT-GENERATION AND FUEL-EFFICIENT AIRCRAFT TO DRIVE MARKET
TABLE 53 AEROSPACE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 54 AEROSPACE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.4 MATERIAL HANDLING
10.4.1 GROWING E-COMMERCE INDUSTRY AND WAREHOUSING REQUIREMENTS TO DRIVE MARKET
TABLE 55 MATERIAL HANDLING: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 56 MATERIAL HANDLING: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.5 AGRICULTURE
10.5.1 INCREASED INVESTMENTS IN MACHINES FOR PRECISION AGRICULTURE TO DRIVE MARKET
TABLE 57 AGRICULTURE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 58 AGRICULTURE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.6 MINING
10.6.1 EXECUTION OF TASKS FASTER AND AT CHEAPER RATES TO DRIVE MARKET
TABLE 59 MINING: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 60 MINING: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.7 AUTOMOTIVE
10.7.1 INCREASING APPLICATIONS IN ALL ASPECTS OF MANUFACTURING TO DRIVE MARKET
TABLE 61 AUTOMOTIVE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 62 AUTOMOTIVE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.8 MARINE
10.8.1 SIGNIFICANT PRESSURE TO PERFORM OPERATIONS PROFITABLY TO DRIVE MARKET
TABLE 63 MARINE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 64 MARINE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.9 METAL & MACHINERY MANUFACTURING
10.9.1 FOCUS ON PREDICTIVE MAINTENANCE IN MANUFACTURING INDUSTRY TO DRIVE MARKET
TABLE 65 METAL & MACHINERY MANUFACTURING: HYDRAULICS MARKET, BY REGION,2019–2022 (USD MILLION)
TABLE 66 METAL & MACHINERY MANUFACTURING HYDRAULICS MARKET, BY REGION,2023–2028 (USD MILLION)
10.10 OIL & GAS
10.10.1 INCREASING PRODUCTIVITY AND MINIMIZING OUTAGE TO DRIVE MARKET
TABLE 67 OIL & GAS: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 68 OIL & GAS: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.11 OTHER END USERS
TABLE 69 OTHER END USERS: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 70 OTHER END USERS: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
11 HYDRAULICS MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 41 MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 42 ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD
TABLE 71 HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 72 HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.2 NORTH AMERICA
11.2.1 IMPACT OF RECESSION ON NORTH AMERICA
FIGURE 43 NORTH AMERICA: HYDRAULICS MARKET SNAPSHOT
TABLE 73 NORTH AMERICA: HYDRAULICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 74 NORTH AMERICA: HYDRAULICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 75 NORTH AMERICA: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 76 NORTH AMERICA: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 77 NORTH AMERICA: HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 78 NORTH AMERICA: HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION)
11.2.2 US
11.2.2.1 Aerospace, construction, and non-durable goods sectors to drive market
11.2.3 CANADA
11.2.3.1 Presence of key players and mining sector to drive market
11.2.4 MEXICO
11.2.4.1 Oil & gas and aerospace sectors to drive market
11.3 EUROPE
11.3.1 IMPACT OF RECESSION ON EUROPE
FIGURE 44 EUROPE: HYDRAULICS MARKET SNAPSHOT
TABLE 79 EUROPE: HYDRAULICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 80 EUROPE: HYDRAULICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 81 EUROPE: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 82 EUROPE: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 83 EUROPE: HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 84 EUROPE: HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION)
11.3.2 GERMANY
11.3.2.1 Significant presence of leading hydraulics manufacturers and automotive sector to drive market
11.3.3 FRANCE
11.3.3.1 Automotive and aerospace sectors to drive market
11.3.4 UK
11.3.4.1 Expanding marine sector to drive market
11.3.5 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 IMPACT OF RECESSION ON ASIA PACIFIC
FIGURE 45 ASIA PACIFIC: HYDRAULICS MARKET SNAPSHOT
TABLE 85 ASIA PACIFIC: HYDRAULICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 86 ASIA PACIFIC: HYDRAULICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 87 ASIA PACIFIC: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 88 ASIA PACIFIC: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 89 ASIA PACIFIC: HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 90 ASIA PACIFIC: HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION)
11.4.2 JAPAN
11.4.2.1 Presence of large number of hydraulic equipment suppliers to drive market
11.4.3 CHINA
11.4.3.1 Increasing infrastructure development to drive market
11.4.4 INDIA
11.4.4.1 Increasing construction projects to drive market
11.4.5 SOUTH KOREA
11.4.5.1 Expansion of shipbuilding industry to drive market
11.4.6 REST OF ASIA PACIFIC
11.5 REST OF THE WORLD (ROW)
11.5.1 IMPACT OF RECESSION ON REST OF THE WORLD
TABLE 91 REST OF THE WORLD: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 92 REST OF THE WORLD: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 93 REST OF THE WORLD: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 94 REST OF THE WORLD: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 95 REST OF THE WORLD: HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 96 REST OF THE WORLD: HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION)
11.5.2 SOUTH AMERICA
11.5.2.1 Continued growth of construction industry to drive market
11.5.3 GULF CORPORATION COUNCIL (GCC)
11.5.3.1 Rising investments in oil & gas industry to fuel market growth
11.5.4 AFRICA & REST OF MIDDLE EAST
11.5.4.1 Rising investments in infrastructure development and mining activities to drive market
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
TABLE 97 KEY DEVELOPMENTS IN HYDRAULICS MARKET (2021–2023)
12.1.1 REVENUE ANALYSIS OF TOP 5 COMPANIES
FIGURE 46 REVENUE ANALYSIS, 2022
12.2 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS, 2022
TABLE 98 MARKET SHARE ANALYSIS, 2022
FIGURE 47 MARKET SHARE ANALYSIS, 2022
12.3 COMPANY EVALUATION MATRIX, 2022
12.3.1 STARS
12.3.2 EMERGING LEADERS
12.3.3 PERVASIVE PLAYERS
12.3.4 PARTICIPANTS
FIGURE 48 COMPANY EVALUATION MATRIX, 2022
12.3.5 COMPANY FOOTPRINT
TABLE 99 COMPANY END USER FOOTPRINT (12 COMPANIES)
TABLE 100 COMPANY REGION FOOTPRINT (12 COMPANIES)
TABLE 101 COMPANY FOOTPRINT (12 COMPANIES)
12.4 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX, 2022
12.4.1 PROGRESSIVE COMPANIES
12.4.2 RESPONSIVE COMPANIES
12.4.3 DYNAMIC COMPANIES
12.4.4 STARTING BLOCKS
FIGURE 49 SME EVALUATION MATRIX, 2022
12.4.5 COMPETITIVE BENCHMARKING
TABLE 102 DETAILED LIST OF KEY STARTUPS/SMES
TABLE 103 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.5 COMPETITIVE SCENARIO AND TRENDS
12.5.1 PRODUCT LAUNCHES
TABLE 104 PRODUCT LAUNCHES
12.5.2 DEALS
TABLE 105 DEALS
12.5.3 OTHER DEVELOPMENTS
TABLE 106 OTHER DEVELOPMENTS
13 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 KEY PLAYERS
13.1.1 ENERPAC TOOL GROUP
TABLE 107 ENERPAC TOOL GROUP: COMPANY OVERVIEW
FIGURE 50 ENERPAC TOOL GROUP: COMPANY SNAPSHOT
TABLE 108 ENERPAC TOOL GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.2 BOSCH REXROTH AG
TABLE 109 BOSCH REXROTH AG: COMPANY OVERVIEW
FIGURE 51 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 110 BOSCH REXROTH AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 111 BOSCH REXROTH AG: DEALS
TABLE 112 BOSCH REXROTH AG: OTHER DEVELOPMENTS
13.1.3 DANFOSS
TABLE 113 DANFOSS: COMPANY OVERVIEW
FIGURE 52 DANFOSS: COMPANY SNAPSHOT
TABLE 114 DANFOSS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 115 DANFOSS: PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 116 DANFOSS: DEALS
TABLE 117 DANFOSS: OTHER DEVELOPMENTS
13.1.4 HYDAC INTERNATIONAL GMBH
TABLE 118 HYDAC INTERNATIONAL GMBH: COMPANY OVERVIEW
TABLE 119 HYDAC INTERNATIONAL GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.5 KAWASAKI HEAVY INDUSTRIES, LTD.
TABLE 120 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
FIGURE 53 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 121 KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.6 KYB CORPORATION
TABLE 122 KYB CORPORATION: COMPANY OVERVIEW
FIGURE 54 KYB CORPORATION: COMPANY SNAPSHOT
TABLE 123 KYB CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.7 SMC CORPORATION
TABLE 124 SMC CORPORATION: COMPANY OVERVIEW
FIGURE 55 SMC CORPORATION: COMPANY SNAPSHOT
TABLE 125 SMC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.8 PARKER-HANNIFIN CORPORATION
TABLE 126 PARKER-HANNIFIN CORPORATION: COMPANY OVERVIEW
FIGURE 56 PARKER-HANNIFIN CORPORATION: COMPANY SNAPSHOT
TABLE 127 PARKER-HANNIFIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 128 PARKER-HANNIFIN CORPORATION: DEALS
13.1.9 WIPRO ENTERPRISES
TABLE 129 WIPRO ENTERPRISES: COMPANY OVERVIEW
TABLE 130 WIPRO ENTERPRISES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 131 WIPRO ENTERPRISES: OTHER DEVELOPMENTS
13.1.10 CATERPILLAR
TABLE 132 CATERPILLAR: COMPANY OVERVIEW
FIGURE 57 CATERPILLAR: COMPANY SNAPSHOT
TABLE 133 CATERPILLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 134 CATERPILLAR: PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 135 CATERPILLAR: DEALS
13.2 OTHER PLAYERS
13.2.1 ADVANCE HYDRAULICS, LLC
TABLE 136 ADVANCE HYDRAULICS, LLC: COMPANY OVERVIEW
13.2.2 AGGRESSIVE HYDRAULICS, INC.
TABLE 137 AGGRESSIVE HYDRAULICS, INC.: COMPANY OVERVIEW
13.2.3 BAILEY INTERNATIONAL
TABLE 138 BAILEY INTERNATIONAL: COMPANY OVERVIEW
13.2.4 HOLMATRO
TABLE 139 HOLMATRO: COMPANY OVERVIEW
13.2.5 PRINCE MANUFACTURING
TABLE 140 PRINCE MANUFACTURING: COMPANY OVERVIEW
13.2.6 KAPPA ENGINEERING
TABLE 141 KAPPA ENGINEERING: COMPANY OVERVIEW
13.2.7 LEHIGH FLUID POWER, INC.
TABLE 142 LEHIGH FLUID POWER, INC.: COMPANY OVERVIEW
13.2.8 LIGON HYDRAULIC CYLINDER GROUP
TABLE 143 LIGON HYDRAULIC CYLINDER GROUP: COMPANY OVERVIEW
13.2.9 MARREL
TABLE 144 MARREL: COMPANY OVERVIEW
13.2.10 PACOMA GMBH
TABLE 145 PACOMA GMBH: COMPANY OVERVIEW
13.2.11 STANDEX INTERNATIONAL CORPORATION
TABLE 146 STANDEX INTERNATIONAL CORPORATION: COMPANY OVERVIEW
13.2.12 TEXAS HYDRAULICS
TABLE 147 TEXAS HYDRAULICS: COMPANY OVERVIEW
13.2.13 VALARM
TABLE 148 VALARM: COMPANY OVERVIEW
13.2.14 WEBER-HYDRAULIK GMBH
TABLE 149 WEBER-HYDRAULIK GMBH: COMPANY OVERVIEW
13.2.15 YUASA CO., LTD.
TABLE 150 YUASA CO., LTD.: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS
14.1 INTRODUCTION
14.2 CRANE AND HOIST MARKET, BY TYPE
14.3 INTRODUCTION
TABLE 151 CRANE MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 152 CRANE MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 153 CRANE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 154 CRANE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
TABLE 155 CRANE MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 156 CRANE MARKET, BY REGION, 2023–2028 (USD MILLION)
14.4 MOBILE CRANES
14.4.1 DEMAND FROM CONSTRUCTION INDUSTRY TO DRIVE MARKET
14.4.2 BOOM TYPE
14.4.2.1 Lattice boom
14.4.2.2 Telescopic boom
14.4.3 CRAWLER CRANES
14.4.4 ROUGH TERRAIN CRANES
14.4.5 ALL-TERRAIN CRANES
14.4.6 TRUCK LOADER CRANES
TABLE 157 MOBILE CRANES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 158 MOBILE CRANES MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 159 MOBILE CRANES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 160 MOBILE CRANES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 161 MOBILE CRANES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 162 MOBILE CRANES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
14.5 FIXED CRANES
14.5.1 SHIPPING & MATERIAL HANDLING INDUSTRY TO BOOST MARKET
14.5.2 INDUSTRIAL CRANES
14.5.3 TOWER CRANES
14.5.4 SHIP-TO-SHORE CRANES
TABLE 163 FIXED CRANES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 164 FIXED CRANES MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 165 FIXED CRANES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 166 FIXED CRANES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 167 FIXED CRANES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 168 FIXED CRANES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
15 APPENDIX
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.8.1 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 HYDRAULICS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primary interviews
2.1.2.2 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE):
REVENUE FROM HYDRAULICS MARKET
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size using bottom-up approach
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for arriving at market size using top-down approach
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY
2.5 APPROACH TO IMPACT OF RECESSION
2.6 RISK ASSESSMENT
TABLE 1 LIMITATIONS AND ASSOCIATED RISKS
3 EXECUTIVE SUMMARY
FIGURE 7 CYLINDERS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD
FIGURE 8 MOBILE SEGMENT TO HOLD LARGER SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD
FIGURE 9 AGRICULTURE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 10 ASIA PACIFIC HYDRAULICS MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN HYDRAULICS MARKET
FIGURE 11 MARKET PLAYERS TO WITNESS LUCRATIVE GROWTH OPPORTUNITIESIN ASIA PACIFIC
4.2 HYDRAULICS MARKET, BY COMPONENT
FIGURE 12 CYLINDERS SEGMENT TO DOMINATE HYDRAULICS MARKET DURING FORECAST PERIOD
4.3 HYDRAULICS MARKET, BY END USER
FIGURE 13 CONSTRUCTION SEGMENT TO LEAD HYDRAULICS MARKET DURING FORECAST PERIOD
4.4 HYDRAULICS MARKET, BY TYPE
FIGURE 14 MOBILE SEGMENT TO HOLD MAJOR SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD
4.5 HYDRAULICS MARKET, BY REGION
FIGURE 15 MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 HYDRAULICS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
FIGURE 17 IMPACT ANALYSIS: DRIVERS
5.2.1.1 Accelerating construction activities leading to demand for hydraulic equipment
5.2.1.2 Increasing requirement of material handling equipment
5.2.1.3 Mounting demand for advanced agricultural equipment
5.2.1.4 Increasing penetration of hydraulic equipment across industries
5.2.1.5 Expanding process industries
5.2.2 RESTRAINTS
FIGURE 18 IMPACT ANALYSIS: RESTRAINTS
5.2.2.1 Intensifying concerns regarding oil leaks
5.2.2.2 High manufacturing and maintenance costs
5.2.3 OPPORTUNITIES
FIGURE 19 IMPACT ANALYSIS: OPPORTUNITIES
5.2.3.1 Surging adoption of lifting equipment in shipping industry
5.2.3.2 Development of smart hydraulic equipment
5.2.3.3 Continuous R&D and technological advancements in hydraulic cylinders
5.2.3.4 Increasing uptake of electric vehicles
5.2.4 CHALLENGES
FIGURE 20 IMPACT ANALYSIS: CHALLENGES
5.2.4.1 Availability of substitute products
5.3 VALUE CHAIN
FIGURE 21 HYDRAULICS MARKET: VALUE CHAIN ANALYSIS
5.3.1 RAW MATERIAL SUPPLIERS
5.3.2 MANUFACTURERS
5.3.3 DISTRIBUTORS
5.3.4 END USER INDUSTRIES
5.3.5 AFTER-SALES SERVICE PROVIDERS
5.4 ECOSYSTEM
FIGURE 22 HYDRAULICS MARKET: ECOSYSTEM
TABLE 2 HYDRAULICS MARKET ECOSYSTEM
5.5 PRICING ANALYSIS
TABLE 3 AVERAGE SELLING PRICE BASED ON CYLINDER TYPE
5.5.1 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS OFFEREDBY TOP PLAYERS
FIGURE 23 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS OFFERED BY TOP PLAYERS
TABLE 4 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS OFFERED BY TOP PLAYERS
FIGURE 24 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS 2022–2028 (USD)
TABLE 5 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS, BY REGION
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
5.7 TECHNOLOGY ANALYSIS
5.7.1 INTRODUCTION
5.7.2 IMPACT OF IOT ON HYDRAULIC ECOSYSTEM
5.7.2.1 Introduction
5.7.2.2 IoT empowers control in hydraulic applications
FIGURE 25 MONITORING HYDRAULIC-BASED MACHINERY USING IOT
5.7.2.3 IoT offers remote control of plant systems
5.7.2.4 Integration of IoT with fluid power
5.7.2.5 IoT sensors in hydraulics
5.7.3 INCREASING DIGITIZATION OF MOBILE HYDRAULIC PRODUCT PORTFOLIO
5.7.4 INCREASING USE OF DIFFERENT SENSOR TECHNOLOGIES IN MOBILE HYDRAULICS
5.7.4.1 Position sensors vital in mobile hydraulic solutions
5.7.5 IMPACT OF 5G TECHNOLOGY ON HYDRAULIC ECOSYSTEM
5.7.6 SHIFT OF FUNCTIONALITY IN SOFTWARE ARCHITECTURE USED
FOR INDUSTRY 4.0
5.7.7 SOFTWARE & SERVICES
5.7.7.1 Software to help automate various tasks involved in running and monitoring devices
5.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 26 HYDRAULICS MARKET: PORTER’S FIVE FORCES ANALYSIS
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS
TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR
TOP END USERS (%)
5.9.2 BUYING CRITERIA
FIGURE 28 KEY BUYING CRITERIA FOR TOP END USERS
TABLE 7 KEY BUYING CRITERIA FOR TOP END USERS
5.10 CASE STUDIES
5.10.1 GENAN ADOPTED BOSCH REXROTH’S HYDRAULICS TO EXTEND TIRE LIFE AND PRODUCTIVITY
5.10.2 ECO GREEN CONTRACTED PARKER-HANNIFIN CORPORATION TO ACHIEVE VOLUME AND HIGH-QUALITY CRUMB RUBBER IN ONE MACHINE
5.11 TRADE ANALYSIS
FIGURE 29 IMPORT DATA FOR HS CODE 841221, BY KEY COUNTRY, 2018–2022 (USD MILLION)
FIGURE 30 EXPORT DATA FOR HS CODE 841221, BY KEY COUNTRY, 2018–2022 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 31 HYDRAULICS PATENTS GRANTED, 2013–2022
FIGURE 32 COMPANIES WITH HIGHEST NUMBER OF HYDRAULICS PATENT APPLICATIONS, 2013–2022
TABLE 8 TOP 20 PATENT OWNERS IN LAST 10 YEARS(2013–2022)
TABLE 9 PATENTS PERTAINING TO HYDRAULICS MARKET, 2021–2023
5.13 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 10 CONFERENCES AND EVENTS
5.14 TARIFF AND REGULATORY LANDSCAPE
5.14.1 TARIFF FOR HS CODE 841221-PRESSURE-REDUCING VALVES
TABLE 11 AVERAGE TARIFF (ESTIMATED), BY COUNTRY (%)
5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.3 STANDARDS AND REGULATIONS RELATED TO HYDRAULICS MARKET
TABLE 16 HYDRAULICS MARKET: STANDARDS AND REGULATIONS
6 HYDRAULICS MARKET, BY COMMUNICATION TECHNOLOGY
6.1 INTRODUCTION
6.2 RADIOFREQUENCY
6.3 BLUETOOTH
6.4 WI-FI
6.5 4G/5G CELLULAR
7 HYDRAULICS MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 33 HYDRAULICS MARKET, BY TYPE
TABLE 17 HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 18 HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
FIGURE 34 MOBILE SEGMENT TO DOMINATE HYDRAULICS MARKET DURING FORECAST PERIOD
7.2 MOBILE
7.2.1 DEMAND FOR HYDRAULIC POWER AT REMOTE AND DIFFICULT TERRAINS TO DRIVE MARKET
TABLE 19 MOBILE: HYDRAULICS MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 20 MOBILE: HYDRAULICS MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 21 MOBILE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 22 MOBILE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
7.3 INDUSTRIAL
7.3.1 CRUCIAL ROLE IN LIFTING HEAVY LOADS AND EQUIPMENT TO DRIVE MARKET
TABLE 23 INDUSTRIAL: HYDRAULICS MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 24 INDUSTRIAL: HYDRAULICS MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
TABLE 25 INDUSTRIAL: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 26 INDUSTRIAL: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
8 HYDRAULICS MARKET, BY COMPONENT
8.1 INTRODUCTION
FIGURE 35 HYDRAULICS MARKET, BY COMPONENT
FIGURE 36 CYLINDERS TO LEAD HYDRAULICS MARKET DURING FORECAST PERIOD
TABLE 27 HYDRAULICS MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 28 HYDRAULICS MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
8.2 MOTORS
8.2.1 INCREASED FUEL SAVINGS AND DECREASED CARBON DIOXIDE EMISSIONS TO DRIVE MARKET
TABLE 29 MOTORS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 30 MOTORS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.3 PUMPS
8.3.1 EFFICIENCY AND LOWER ENERGY CONSUMPTION TO DRIVE MARKET
TABLE 31 PUMPS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 32 PUMPS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.4 CYLINDERS
8.4.1 DURABILITY, SIMPLICITY, AND EASE OF USE TO DRIVE MARKET
TABLE 33 CYLINDERS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 34 CYLINDERS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 35 CYLINDERS: HYDRAULICS MARKET, 2019–2022 (THOUSAND UNITS)
TABLE 36 CYLINDERS: HYDRAULICS MARKET, 2023–2028 (THOUSAND UNITS)
8.5 VALVES
8.5.1 INTEGRATION OF LATEST TECHNOLOGIES TO DRIVE MARKET
TABLE 37 VALVES: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 38 VALVES: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.6 TRANSMISSIONS
8.6.1 PRECISE POWER TRANSMISSION REQUIREMENTS OF OFF-ROAD EQUIPMENT TO DRIVE MARKET
TABLE 39 TRANSMISSIONS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 40 TRANSMISSIONS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.7 ACCUMULATORS
8.7.1 SYSTEM ACCURACY AND MAXIMUM PRECISION TO DRIVE MARKET
TABLE 41 ACCUMULATORS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 42 ACCUMULATORS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.8 FILTERS
8.8.1 INCREASING DEPLOYMENT TO LIMIT CONTAMINANT-RELATED SYSTEM FAILURES TO DRIVE MARKET
TABLE 43 FILTERS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 44 FILTERS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
8.9 OTHER COMPONENTS
TABLE 45 OTHER COMPONENTS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 46 OTHER COMPONENTS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
9 HYDRAULICS MARKET, BY SENSOR
9.1 INTRODUCTION
FIGURE 37 HYDRAULICS MARKET, BY SENSOR
FIGURE 38 POSITION SENSORS SEGMENT TO LEAD HYDRAULICS MARKET DURING FORECAST PERIOD
TABLE 47 HYDRAULICS MARKET, BY SENSOR, 2019–2022 (USD MILLION)
TABLE 48 HYDRAULICS MARKET, BY SENSOR, 2023–2028 (USD MILLION)
9.2 TILT SENSORS
9.2.1 INCLINATION CONTROL PROVIDING SAFE ZONES FOR PEOPLE TO DRIVE MARKET
9.3 POSITION SENSORS
9.3.1 ENABLE CONTROL SYSTEMS TO TAKE ACTION BASED ON FEEDBACK
9.4 PRESSURE SENSORS
9.4.1 ENSURING CONTROL OF PRESSURE WITHIN SYSTEMS TO DRIVE MARKET
9.5 TEMPERATURE SENSORS
9.5.1 RISING NEED FOR REAL-TIME TEMPERATURE MONITORING TO DRIVE MARKET
9.6 LEVEL SENSORS
9.6.1 MONITORING AND CONTROL OF LEVEL OF OPERATING FLUID TO DRIVE MARKET
9.7 FLOW SENSORS
9.7.1 MONITORING PUMP PERFORMANCE AND ENSURING FLUID FLOW TO DRIVE MARKET
10 HYDRAULICS MARKET, BY END USER
10.1 INTRODUCTION
FIGURE 39 HYDRAULICS MARKET, BY END USER
FIGURE 40 CONSTRUCTION SEGMENT TO HOLD LARGEST SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD
TABLE 49 HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 50 HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION)
10.2 CONSTRUCTION
10.2.1 GROWING GLOBAL POPULATION TO DRIVE MARKET
TABLE 51 CONSTRUCTION: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 52 CONSTRUCTION: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.3 AEROSPACE
10.3.1 RISING DEMAND FOR NEXT-GENERATION AND FUEL-EFFICIENT AIRCRAFT TO DRIVE MARKET
TABLE 53 AEROSPACE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 54 AEROSPACE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.4 MATERIAL HANDLING
10.4.1 GROWING E-COMMERCE INDUSTRY AND WAREHOUSING REQUIREMENTS TO DRIVE MARKET
TABLE 55 MATERIAL HANDLING: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 56 MATERIAL HANDLING: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.5 AGRICULTURE
10.5.1 INCREASED INVESTMENTS IN MACHINES FOR PRECISION AGRICULTURE TO DRIVE MARKET
TABLE 57 AGRICULTURE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 58 AGRICULTURE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.6 MINING
10.6.1 EXECUTION OF TASKS FASTER AND AT CHEAPER RATES TO DRIVE MARKET
TABLE 59 MINING: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 60 MINING: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.7 AUTOMOTIVE
10.7.1 INCREASING APPLICATIONS IN ALL ASPECTS OF MANUFACTURING TO DRIVE MARKET
TABLE 61 AUTOMOTIVE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 62 AUTOMOTIVE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.8 MARINE
10.8.1 SIGNIFICANT PRESSURE TO PERFORM OPERATIONS PROFITABLY TO DRIVE MARKET
TABLE 63 MARINE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 64 MARINE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.9 METAL & MACHINERY MANUFACTURING
10.9.1 FOCUS ON PREDICTIVE MAINTENANCE IN MANUFACTURING INDUSTRY TO DRIVE MARKET
TABLE 65 METAL & MACHINERY MANUFACTURING: HYDRAULICS MARKET, BY REGION,2019–2022 (USD MILLION)
TABLE 66 METAL & MACHINERY MANUFACTURING HYDRAULICS MARKET, BY REGION,2023–2028 (USD MILLION)
10.10 OIL & GAS
10.10.1 INCREASING PRODUCTIVITY AND MINIMIZING OUTAGE TO DRIVE MARKET
TABLE 67 OIL & GAS: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 68 OIL & GAS: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
10.11 OTHER END USERS
TABLE 69 OTHER END USERS: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 70 OTHER END USERS: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
11 HYDRAULICS MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 41 MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 42 ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD
TABLE 71 HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 72 HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.2 NORTH AMERICA
11.2.1 IMPACT OF RECESSION ON NORTH AMERICA
FIGURE 43 NORTH AMERICA: HYDRAULICS MARKET SNAPSHOT
TABLE 73 NORTH AMERICA: HYDRAULICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 74 NORTH AMERICA: HYDRAULICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 75 NORTH AMERICA: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 76 NORTH AMERICA: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 77 NORTH AMERICA: HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 78 NORTH AMERICA: HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION)
11.2.2 US
11.2.2.1 Aerospace, construction, and non-durable goods sectors to drive market
11.2.3 CANADA
11.2.3.1 Presence of key players and mining sector to drive market
11.2.4 MEXICO
11.2.4.1 Oil & gas and aerospace sectors to drive market
11.3 EUROPE
11.3.1 IMPACT OF RECESSION ON EUROPE
FIGURE 44 EUROPE: HYDRAULICS MARKET SNAPSHOT
TABLE 79 EUROPE: HYDRAULICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 80 EUROPE: HYDRAULICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 81 EUROPE: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 82 EUROPE: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 83 EUROPE: HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 84 EUROPE: HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION)
11.3.2 GERMANY
11.3.2.1 Significant presence of leading hydraulics manufacturers and automotive sector to drive market
11.3.3 FRANCE
11.3.3.1 Automotive and aerospace sectors to drive market
11.3.4 UK
11.3.4.1 Expanding marine sector to drive market
11.3.5 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 IMPACT OF RECESSION ON ASIA PACIFIC
FIGURE 45 ASIA PACIFIC: HYDRAULICS MARKET SNAPSHOT
TABLE 85 ASIA PACIFIC: HYDRAULICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 86 ASIA PACIFIC: HYDRAULICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 87 ASIA PACIFIC: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 88 ASIA PACIFIC: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 89 ASIA PACIFIC: HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 90 ASIA PACIFIC: HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION)
11.4.2 JAPAN
11.4.2.1 Presence of large number of hydraulic equipment suppliers to drive market
11.4.3 CHINA
11.4.3.1 Increasing infrastructure development to drive market
11.4.4 INDIA
11.4.4.1 Increasing construction projects to drive market
11.4.5 SOUTH KOREA
11.4.5.1 Expansion of shipbuilding industry to drive market
11.4.6 REST OF ASIA PACIFIC
11.5 REST OF THE WORLD (ROW)
11.5.1 IMPACT OF RECESSION ON REST OF THE WORLD
TABLE 91 REST OF THE WORLD: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 92 REST OF THE WORLD: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 93 REST OF THE WORLD: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 94 REST OF THE WORLD: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 95 REST OF THE WORLD: HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION)
TABLE 96 REST OF THE WORLD: HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION)
11.5.2 SOUTH AMERICA
11.5.2.1 Continued growth of construction industry to drive market
11.5.3 GULF CORPORATION COUNCIL (GCC)
11.5.3.1 Rising investments in oil & gas industry to fuel market growth
11.5.4 AFRICA & REST OF MIDDLE EAST
11.5.4.1 Rising investments in infrastructure development and mining activities to drive market
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
TABLE 97 KEY DEVELOPMENTS IN HYDRAULICS MARKET (2021–2023)
12.1.1 REVENUE ANALYSIS OF TOP 5 COMPANIES
FIGURE 46 REVENUE ANALYSIS, 2022
12.2 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS, 2022
TABLE 98 MARKET SHARE ANALYSIS, 2022
FIGURE 47 MARKET SHARE ANALYSIS, 2022
12.3 COMPANY EVALUATION MATRIX, 2022
12.3.1 STARS
12.3.2 EMERGING LEADERS
12.3.3 PERVASIVE PLAYERS
12.3.4 PARTICIPANTS
FIGURE 48 COMPANY EVALUATION MATRIX, 2022
12.3.5 COMPANY FOOTPRINT
TABLE 99 COMPANY END USER FOOTPRINT (12 COMPANIES)
TABLE 100 COMPANY REGION FOOTPRINT (12 COMPANIES)
TABLE 101 COMPANY FOOTPRINT (12 COMPANIES)
12.4 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX, 2022
12.4.1 PROGRESSIVE COMPANIES
12.4.2 RESPONSIVE COMPANIES
12.4.3 DYNAMIC COMPANIES
12.4.4 STARTING BLOCKS
FIGURE 49 SME EVALUATION MATRIX, 2022
12.4.5 COMPETITIVE BENCHMARKING
TABLE 102 DETAILED LIST OF KEY STARTUPS/SMES
TABLE 103 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.5 COMPETITIVE SCENARIO AND TRENDS
12.5.1 PRODUCT LAUNCHES
TABLE 104 PRODUCT LAUNCHES
12.5.2 DEALS
TABLE 105 DEALS
12.5.3 OTHER DEVELOPMENTS
TABLE 106 OTHER DEVELOPMENTS
13 COMPANY PROFILES
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 KEY PLAYERS
13.1.1 ENERPAC TOOL GROUP
TABLE 107 ENERPAC TOOL GROUP: COMPANY OVERVIEW
FIGURE 50 ENERPAC TOOL GROUP: COMPANY SNAPSHOT
TABLE 108 ENERPAC TOOL GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.2 BOSCH REXROTH AG
TABLE 109 BOSCH REXROTH AG: COMPANY OVERVIEW
FIGURE 51 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 110 BOSCH REXROTH AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 111 BOSCH REXROTH AG: DEALS
TABLE 112 BOSCH REXROTH AG: OTHER DEVELOPMENTS
13.1.3 DANFOSS
TABLE 113 DANFOSS: COMPANY OVERVIEW
FIGURE 52 DANFOSS: COMPANY SNAPSHOT
TABLE 114 DANFOSS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 115 DANFOSS: PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 116 DANFOSS: DEALS
TABLE 117 DANFOSS: OTHER DEVELOPMENTS
13.1.4 HYDAC INTERNATIONAL GMBH
TABLE 118 HYDAC INTERNATIONAL GMBH: COMPANY OVERVIEW
TABLE 119 HYDAC INTERNATIONAL GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.5 KAWASAKI HEAVY INDUSTRIES, LTD.
TABLE 120 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
FIGURE 53 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 121 KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.6 KYB CORPORATION
TABLE 122 KYB CORPORATION: COMPANY OVERVIEW
FIGURE 54 KYB CORPORATION: COMPANY SNAPSHOT
TABLE 123 KYB CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.7 SMC CORPORATION
TABLE 124 SMC CORPORATION: COMPANY OVERVIEW
FIGURE 55 SMC CORPORATION: COMPANY SNAPSHOT
TABLE 125 SMC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.8 PARKER-HANNIFIN CORPORATION
TABLE 126 PARKER-HANNIFIN CORPORATION: COMPANY OVERVIEW
FIGURE 56 PARKER-HANNIFIN CORPORATION: COMPANY SNAPSHOT
TABLE 127 PARKER-HANNIFIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 128 PARKER-HANNIFIN CORPORATION: DEALS
13.1.9 WIPRO ENTERPRISES
TABLE 129 WIPRO ENTERPRISES: COMPANY OVERVIEW
TABLE 130 WIPRO ENTERPRISES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 131 WIPRO ENTERPRISES: OTHER DEVELOPMENTS
13.1.10 CATERPILLAR
TABLE 132 CATERPILLAR: COMPANY OVERVIEW
FIGURE 57 CATERPILLAR: COMPANY SNAPSHOT
TABLE 133 CATERPILLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 134 CATERPILLAR: PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 135 CATERPILLAR: DEALS
13.2 OTHER PLAYERS
13.2.1 ADVANCE HYDRAULICS, LLC
TABLE 136 ADVANCE HYDRAULICS, LLC: COMPANY OVERVIEW
13.2.2 AGGRESSIVE HYDRAULICS, INC.
TABLE 137 AGGRESSIVE HYDRAULICS, INC.: COMPANY OVERVIEW
13.2.3 BAILEY INTERNATIONAL
TABLE 138 BAILEY INTERNATIONAL: COMPANY OVERVIEW
13.2.4 HOLMATRO
TABLE 139 HOLMATRO: COMPANY OVERVIEW
13.2.5 PRINCE MANUFACTURING
TABLE 140 PRINCE MANUFACTURING: COMPANY OVERVIEW
13.2.6 KAPPA ENGINEERING
TABLE 141 KAPPA ENGINEERING: COMPANY OVERVIEW
13.2.7 LEHIGH FLUID POWER, INC.
TABLE 142 LEHIGH FLUID POWER, INC.: COMPANY OVERVIEW
13.2.8 LIGON HYDRAULIC CYLINDER GROUP
TABLE 143 LIGON HYDRAULIC CYLINDER GROUP: COMPANY OVERVIEW
13.2.9 MARREL
TABLE 144 MARREL: COMPANY OVERVIEW
13.2.10 PACOMA GMBH
TABLE 145 PACOMA GMBH: COMPANY OVERVIEW
13.2.11 STANDEX INTERNATIONAL CORPORATION
TABLE 146 STANDEX INTERNATIONAL CORPORATION: COMPANY OVERVIEW
13.2.12 TEXAS HYDRAULICS
TABLE 147 TEXAS HYDRAULICS: COMPANY OVERVIEW
13.2.13 VALARM
TABLE 148 VALARM: COMPANY OVERVIEW
13.2.14 WEBER-HYDRAULIK GMBH
TABLE 149 WEBER-HYDRAULIK GMBH: COMPANY OVERVIEW
13.2.15 YUASA CO., LTD.
TABLE 150 YUASA CO., LTD.: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS
14.1 INTRODUCTION
14.2 CRANE AND HOIST MARKET, BY TYPE
14.3 INTRODUCTION
TABLE 151 CRANE MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 152 CRANE MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 153 CRANE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 154 CRANE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
TABLE 155 CRANE MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 156 CRANE MARKET, BY REGION, 2023–2028 (USD MILLION)
14.4 MOBILE CRANES
14.4.1 DEMAND FROM CONSTRUCTION INDUSTRY TO DRIVE MARKET
14.4.2 BOOM TYPE
14.4.2.1 Lattice boom
14.4.2.2 Telescopic boom
14.4.3 CRAWLER CRANES
14.4.4 ROUGH TERRAIN CRANES
14.4.5 ALL-TERRAIN CRANES
14.4.6 TRUCK LOADER CRANES
TABLE 157 MOBILE CRANES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 158 MOBILE CRANES MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 159 MOBILE CRANES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 160 MOBILE CRANES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 161 MOBILE CRANES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 162 MOBILE CRANES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
14.5 FIXED CRANES
14.5.1 SHIPPING & MATERIAL HANDLING INDUSTRY TO BOOST MARKET
14.5.2 INDUSTRIAL CRANES
14.5.3 TOWER CRANES
14.5.4 SHIP-TO-SHORE CRANES
TABLE 163 FIXED CRANES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 164 FIXED CRANES MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 165 FIXED CRANES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 166 FIXED CRANES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 167 FIXED CRANES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 168 FIXED CRANES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
15 APPENDIX
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
