Home » Hydraulic Article Resources » World Hydraulic Equipment Market To Reach Nearly USD40 Billion
World Hydraulic Equipment Market To Reach Nearly USD40 Billion
Hydraulic machines are used all over the world for varied purposes. Right from a simple task of uprooting a big tree to log splitting to lift and carry heavy objects, hydraulic technology is seen today in every fields. One of the most common applications of hydraulic equipment is in the construction sites all around the world. Examples of some of the most commonly seen hydraulic equipments include cranes, loaders, excavators, cranes, forklifts etc. These are today a growing breed of machines that are considered to be the best at what they do.
The basic concept of hydraulic technology is the use of a fluid like oil to cause a certain amount of force, which is transmitted or transferred from one point to another. This technology is used for many different purposes, and in the industry today, there are several manufacturers which manufacture and sell hydraulic fittings and equipments and have been able to do valuable businesses around the world.
As already mentioned, the hydraulic technology has found its applications in many areas like as
A research report was undertaken by Global Industry Analysts Inc, according to which there was a slight fall in the market value for global hydraulic equipment in the last two years because of the slowdown on the industrial machinery and construction sector. These two sectors are the most prominent end-use markets for hydraulic equipment.
According to this report, there was a downfall in the sales of mining and earthmoving equipment due to recession. With recession came the other problems like finances and budgetary constraints which led to low demand. Besides this , there was a kind of lethargy in construction activities in different parts of the world. Especially the various industrialized nations, had reduced the demand for most construction equipment like construction cranes, forklifts, road rollers and ground machines, all of which make use of hydraulic mechanism and hydraulic components.
There was a slowdown in the demand for hydraulic equipments and parts used in other industries as well besides the construction industry. These industries include paper, beverage, textile, plastics etc.
The good news is that post recession, there is an easing of lending restrictions and recovery is slowly seen in construction and mining industries. These can restore market demand. According to the same report, there are other factors as well, which can enforce growth in the hydraulic equipment market. These include innovations in technology, developments in marketing strategies that can look into newer, emerging product markets.
Even today, The United States remain the largest regional market for hydraulic equipment. The fastest growing regional market is the Asia Pacific, excluding Japan. The Asia Pacific regional market, leaving aside Japan, is expected to reach USD5.9 billion by 2012 due to the region's industrialization and infrastructural development.
Among the hydraulic machines and components, motors and pumps, followed by valves, represent the largest product segment of the hydraulic equipment market. There is good production of other equipments like cylinders, power packs, accumulators and filters etc.
The basic concept of hydraulic technology is the use of a fluid like oil to cause a certain amount of force, which is transmitted or transferred from one point to another. This technology is used for many different purposes, and in the industry today, there are several manufacturers which manufacture and sell hydraulic fittings and equipments and have been able to do valuable businesses around the world.
Hydraulic Equipment Market
The Global Market of Hydraulic Equipment
Despite the global recession, it has been estimated in a recent study that the world market for hydraulic equipment is expected to reach USD38.9 billion by 2015. The hydraulic machines industry is a growing industry and is expected to grow more over the next few years.As already mentioned, the hydraulic technology has found its applications in many areas like as
- Construction
- Agriculture
- Military
- oil and mining
- Industrial machinery
- Automotives etc.
A research report was undertaken by Global Industry Analysts Inc, according to which there was a slight fall in the market value for global hydraulic equipment in the last two years because of the slowdown on the industrial machinery and construction sector. These two sectors are the most prominent end-use markets for hydraulic equipment.
According to this report, there was a downfall in the sales of mining and earthmoving equipment due to recession. With recession came the other problems like finances and budgetary constraints which led to low demand. Besides this , there was a kind of lethargy in construction activities in different parts of the world. Especially the various industrialized nations, had reduced the demand for most construction equipment like construction cranes, forklifts, road rollers and ground machines, all of which make use of hydraulic mechanism and hydraulic components.
There was a slowdown in the demand for hydraulic equipments and parts used in other industries as well besides the construction industry. These industries include paper, beverage, textile, plastics etc.
The good news is that post recession, there is an easing of lending restrictions and recovery is slowly seen in construction and mining industries. These can restore market demand. According to the same report, there are other factors as well, which can enforce growth in the hydraulic equipment market. These include innovations in technology, developments in marketing strategies that can look into newer, emerging product markets.
Even today, The United States remain the largest regional market for hydraulic equipment. The fastest growing regional market is the Asia Pacific, excluding Japan. The Asia Pacific regional market, leaving aside Japan, is expected to reach USD5.9 billion by 2012 due to the region's industrialization and infrastructural development.
Among the hydraulic machines and components, motors and pumps, followed by valves, represent the largest product segment of the hydraulic equipment market. There is good production of other equipments like cylinders, power packs, accumulators and filters etc.
Major Players in the Hydraulics Market
- Bosch Rexroth Corp
- Eaton Corp
- Kayaba Industry Company Ltd
- Dongyang Mechatronics Corp
- Nabtesco Corp
- Iskra Avtoelektrika
- Moog Inc
- Sauer-Danfoss Inc
- Bailey International Corp
- Toshiba Machine Co Ltd
- Parker Hannafin Corp
- Commercial Hydraulics Inc
- Wipro Infrastructure Engineering Ltd
- Nachi-Fujikoshi Corp
- Yuken Kogyo Co Ltd.
