Hydraulic equipment are one of the major industries for construction, mining, extraction and excavation related sectors. The mechanism involves high pressure fluids to generate power. Based upon the type and availability, both water and oil can be used to create power.
The global market of hydraulic equipment is considered to grow at a CAGR of 3.1% for the period 2019-2023.
With major mining, oil extraction and infrastructure developments worldwide, the demand for hydraulic equipment is expected to boost revenue over the next decade.
Kawasaki Heavy Industries
The hydraulic equipment market is segmented based upon type, application and region.
Based upon type, the market is segmented as
- Pump and Motor
Based upon application, the market is segmented as
- Gas & Oil
Based upon region, the market is segmented as
- North America(USA, Canada, Mexico)
- South America (Brazil, Argentina, Columbia)
- Europe (Germany, France, UK, Russia, Italy)
- Asia Pacific (China, Japan, Korea, India
- Middle East and Africa (Saudi Arabia, UAE, South Africa, Egypt, Nigeria)
- Southeast Asia
In terms of revenue, USA is the largest market for hydraulic equipment. With presence of a well organized automotive, oil and mining and gas industry in the region and a worldwide presence and trade, North America is the biggest market shareholder in terms of revenue.
Europe remains the second biggest market in terms of revenue and market size. Automotive is the driving force behind the high demand in the region. Also the presence of major natural gas in the eastern European region is another major factor for boost in demand for hydraulic equipment.
South America is a mining hub for natural resources such as gold, silver copper etc. These have been a major economy builder for the region and has greatly influenced a boost in demand for hydraulic equipment.
Asia Pacific is set to be the fastest growing market for hydraulic equipment. With en emerging economy followed by major infrastructure development and a growing industrial activity, the region is expected to grow at the highest rate in the next decade in terms of revenue for hydraulic equipment.
Middle east and Africa are other regions with a high demand for hydraulic equipment. With middle east being a oil and petroleum hub followed by a major mining economy of various African nations, the region promises a tremendous growth in market for hydraulic equipment.
The last few years has witnessed an upward trend in infrastructure and construction activities. Countries like China, India and Japan have greatly contributed to major industrial activity and the global demand for hydraulic equipment has witnessed a tremendous spike.
Table Of Content:
1 Market Overview
2 Global Market Competition by Manufacturers
3 Global Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Production, Revenue (Value), Price Trend by Type
6 Global Market Analysis by Application
7 Global Manufacturers Profiles/Analysis
8 Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Market Forecast (2018-2025)
13 Research Findings and Conclusion
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