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 2027
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 2027
Abstract
The hydraulics market size is expected to grow from USD 41.2billion in 2022 to USD 49.7billion by 2027; it is expected to grow at a CAGR of 3.8% from 2022 to 2027. The key factors driving the growth of the hydraulics marketare rapidly increasing demand for advanced agriculture equipment, rising demand for material handling equipment, and growing potential of construction industry.
“Cylinders held the largest share of the hydraulics market in 2021”
Several companies in the hydraulic cylinder market are continuously investing in R&D to develop better and upgraded hydraulic cylinders, which would offer better solutions to their clients. Due to the high competition in the hydraulic cylinder market, companies need to upgrade their products periodically. The development of smart hydraulic cylinders is one of the key innovations driving the hydraulics market. Hydraulic cylinders are durable and simple. They are easy to use. These cylinders are installed in industrial and mobile equipment used in construction, aerospace, material handling, automotive, agriculture, mining, oil and gas, and marine applications.
“Mobile hydraulics held larger share of the hydraulics market in 2021”
Continuous R&D investments have led to advancements in hydraulics technology which have led to development of sophisticated equipment for automating lifting and movement of heavy objects or equipment, which in turn is increasing the demand for hydraulics in the material handling industry. Development of hydraulics technology has led to development of equipment to be used at remote and difficult terrains which in turn promotes the growth of hydraulic cylinders and other hydraulic components.
“Construction industry held largest share of the hydraulics market in 2021”
Construction equipment such as excavators, loaders, and trenchers use hydraulics equipment for increasing productivity. Hydraulics based construction equipment are used to manage complex tasks and are able to withstand the harshest environments. To ensure peak efficiency and safe operability of equipment, they are fitted with hydraulics equipment to tackle extreme conditions, which in turn is increasing the demand for hydraulics market.
“Asia Pacificheld thelargest share of the hydraulicsmarket in 2021”
The need to meet the demand of the growing population in this region, along with increasing industrialization in emerging countries, is fueling the growth of the agricultural and construction industries in the region. The hydraulics market in Australia is one of the major markets in Asia Pacific. Australia is rich in minerals, and the increased mining of these minerals is fueling the demand for mining equipment in the country.
The break-up of the profiles of primary participants for the report has been given below:
•By Company Type: Tier 1 = 52%, Tier 2 = 31%, and Tier 3 = 17%
•ByDesignation: C-Level Executives = 47%, Directors= 31%, and Others= 22%
•ByRegion: North America = 44%, Europe = 25%, Asia Pacific = 21%, and RoW= 10%
Major players operating in the hydraulics market includeBosch Rexroth (Germany), Danfoss (Denmark), Parker-Hannifin Corporation (US), Enerpac Tool Group (US), HYDAC (Germany), Kawasaki Heavy Industries (Japan), KYB Corporation (Japan), SMC Corporation (Japan), Wipro Enterprises (India), and Caterpillar (US), among others.
Research Coverage:
The research report on the global hydraulics market covers the market based oncomponents, type, end user, and region. Based on components, the hydraulics market has been segmented into cylinders, valves, motors, pumps, accumulators, filters, transmissions, and others. Based on type, the hydraulics market has been segmented into industrial and mobile hydraulics. Based on end user, the hydraulics market is segmented into construction, agriculture, material handling, aerospace, metals & machinery manufacturing, automotive, mining, oil & gas, marine, and others. The report covers four major regions, namely,North America, Europe, AsiaPacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
This report segments thehydraulics market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across different components, type, end user, and regions.
The report helps stakeholders understand the pulse of the market, expected market scenario and provides information on key market drivers, restraints, challenges, and opportunities.
The report helps to understand the COVID-19 impact on the hydraulics market
Content
Table of Contents
1INTRODUCTION24
1.1STUDY OBJECTIVES24
1.2MARKET DEFINITION AND SCOPE24
1.3INCLUSIONS AND EXCLUSIONS25
TABLE 1HYDRAULICS MARKET: INCLUSIONS AND EXCLUSIONS25
1.4STUDY SCOPE26
1.4.1MARKETS COVERED26
FIGURE 1HYDRAULICS MARKET: SEGMENTATION26
1.4.2HYDRAULICS MARKET, BY REGION26
1.4.3YEARS CONSIDERED27
1.5CURRENCY27
1.6LIMITATIONS27
1.7STAKEHOLDERS28
1.8SUMMARY OF CHANGES28
2RESEARCH METHODOLOGY29
2.1RESEARCH DATA29
FIGURE 2HYDRAULICS MARKET: RESEARCH DESIGN30
2.1.1SECONDARY & PRIMARY RESEARCH31
2.1.2SECONDARY DATA32
2.1.2.1List of major secondary sources32
2.1.2.2Key data from secondary sources32
2.1.3PRIMARY DATA33
2.1.3.1Primary interviews with experts33
2.1.3.2Key data from primary sources34
2.1.3.3Key industry insights34
2.1.3.4Breakdown of primaries35
2.2MARKET SIZE ESTIMATION35
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE OF COMPANIES FROM HYDRAULICS COMPONENTS35
2.2.1BOTTOM-UP APPROACH36
2.2.1.1Approach for arriving at market share by bottom-up analysis (demand side)36
FIGURE 4BOTTOM-UP APPROACH TO ARRIVE AT MARKET SIZE37
2.2.2TOP-DOWN APPROACH37
2.2.2.1Approach for capturing market share by top-down analysis (supply side)37
FIGURE 5TOP-DOWN APPROACH TO ARRIVE AT MARKET SIZE38
2.3MARKET BREAKDOWN & DATA TRIANGULATION38
FIGURE 6DATA TRIANGULATION38
2.4RESEARCH ASSUMPTIONS39
FIGURE 7ASSUMPTIONS FOR RESEARCH STUDY39
3EXECUTIVE SUMMARY40
FIGURE 8ANALYSIS OF IMPACT OF COVID–19 ON HYDRAULICS MARKET41
FIGURE 9CYLINDERS TO ACCOUNT FOR LARGEST SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD42
FIGURE 10MOBILE SEGMENT TO HOLD LARGER SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD43
FIGURE 11AGRICULTURE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD44
FIGURE 12ASIA PACIFIC HYDRAULICS MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD45
4PREMIUM INSIGHTS46
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR HYDRAULICS MARKET46
FIGURE 13HYDRAULICS MARKET TO WITNESS LUCRATIVE GROWTH OPPORTUNITIES IN ASIA PACIFIC46
4.2HYDRAULICS MARKET, BY COMPONENT46
FIGURE 14CYLINDERS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD46
4.3HYDRAULICS MARKET, BY END USER47
FIGURE 15CONSTRUCTION SEGMENT TO HOLD LARGEST SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD47
4.4HYDRAULICS MARKET, BY TYPE47
FIGURE 16MOBILE SEGMENT TO HOLD MAJOR SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD47
4.5HYDRAULICS MARKET, BY GEOGRAPHY48
FIGURE 17ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD48
5MARKET OVERVIEW49
5.1INTRODUCTION49
5.2MARKET DYNAMICS49
FIGURE 18HYDRAULICS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES49
5.2.1DRIVERS50
FIGURE 19IMPACT ANALYSIS: DRIVERS50
5.2.1.1Accelerating construction activities leading to demand for hydraulic equipment50
5.2.1.2Increasing requirement for material handling equipment51
5.2.1.3Mounting demand for advanced agriculture equipment51
5.2.1.4Increasing penetration of hydraulic equipment across various industries51
5.2.1.5Expanding process industries52
5.2.2RESTRAINTS52
FIGURE 20IMPACT ANALYSIS: RESTRAINTS52
5.2.2.1Intensifying concerns regarding oil leaks52
5.2.2.2High manufacturing and maintenance costs53
5.2.3OPPORTUNITIES53
FIGURE 21IMPACT ANALYSIS: OPPORTUNITIES53
5.2.3.1Surging adoption of lifting equipment in shipping industry53
5.2.3.2Development of smart hydraulic equipment54
5.2.3.3Continuous R&D and technological advancements in hydraulic cylinders54
5.2.3.4Increasing uptake of electric vehicles54
5.2.4CHALLENGES55
FIGURE 22IMPACT ANALYSIS: CHALLENGES55
5.2.4.1Availability of substitute products55
5.3VALUE CHAIN55
FIGURE 23HYDRAULICS MARKET: VALUE CHAIN ANALYSIS56
5.3.1RAW MATERIAL SUPPLIERS56
5.3.2MANUFACTURERS56
5.3.3DISTRIBUTORS56
5.3.4END-USER INDUSTRIES57
5.3.5AFTER-SALES SERVICE PROVIDERS57
5.4ECOSYSTEM57
FIGURE 24HYDRAULICS MARKET: ECOSYSTEM57
TABLE 2HYDRAULICS MARKET: ECOSYSTEM58
5.5PRICING MODEL OF HYDRAULICS MARKET PLAYERS58
TABLE 3AVERAGE SELLING PRICE BASED ON CYLINDER TYPE59
5.6TECHNOLOGY ANALYSIS59
5.6.1INTRODUCTION59
5.6.2IMPACT OF IOT ON HYDRAULIC ECOSYSTEM59
5.6.2.1Introduction59
5.6.2.2IoT empowers control in hydraulic applications59
FIGURE 25MONITORING OF HYDRAULIC-BASED MACHINERY USING IOT60
5.6.2.3IoT offers remote control of plant systems60
5.6.2.4Integration of IoT with fluid power61
5.6.2.5IoT Sensors in hydraulics61
5.6.3INCREASING DIGITIZATION OF MOBILE HYDRAULIC PRODUCT PORTFOLIO61
5.6.4INCREASING USE OF DIFFERENT SENSOR TECHNOLOGIES IN MOBILE HYDRAULICS62
5.6.4.1Position sensors have become vital in mobile hydraulic solutions62
5.6.5IMPACT OF 5G TECHNOLOGY ON HYDRAULIC ECOSYSTEM62
5.6.6SHIFT OF FUNCTIONALITY IN SOFTWARE ARCHITECTURE USED FOR
INDUSTRY 4.063
5.6.7SOFTWARE & SERVICES63
5.6.7.1Software to help automate various tasks involved in running and monitoring devices63
5.7PORTER’S FIVE FORCE ANALYSIS63
TABLE 4IMPACT OF EACH FORCE ON HYDRAULICS MARKET64
5.7.1THREAT OF NEW ENTRANTS64
5.7.2THREAT OF SUBSTITUTES64
5.7.3BARGAINING POWER OF SUPPLIERS65
5.7.4BARGAINING POWER OF BUYERS65
5.7.5INTENSITY OF COMPETITIVE RIVALRY65
5.8CASE STUDIES65
5.8.1GENAN ADOPTED BOSCH REXROTH’S HYDRAULICS TO EXTEND TIRE LIFE
AND PRODUCTIVITY65
5.8.2ECO GREEN CONTRACTED PARKER-HANNIFIN CORPORATION TO ACHIEVE BOTH VOLUME AND HIGH-QUALITY CRUMB RUBBER IN ONE MACHINE66
5.9TRADE ANALYSIS66
5.9.1EXPORT SCENARIO FOR HYDRAULIC MOTORS & LINEAR ACTING CYLINDERS66
FIGURE 26EXPORT DATA FOR HS CODE 841221, BY KEY COUNTRY, 2017–2021 (USD MILLION)67
5.9.2IMPORT SCENARIO FOR HYDRAULIC MOTORS & LINEAR ACTING CYLINDERS67
FIGURE 27IMPORT DATA FOR HS CODE 841221, BY KEY COUNTRY, 2017–2021 (USD MILLION)68
5.10PATENT ANALYSIS69
FIGURE 28ANALYSIS OF PATENTS GRANTED IN HYDRAULICS MARKET69
TABLE 5SOME PATENTS PERTAINING TO HYDRAULICS MARKET, 2019–202170
5.11REGULATORY IMPLICATIONS73
5.11.1ISO 4413:201074
5.11.2ISO 4409:200774
5.11.3ISO 4401:200574
6HYDRAULICS MARKET, BY COMMUNICATION TECHNOLOGY75
6.1INTRODUCTION75
6.2RADIOFREQUENCY75
6.3BLUETOOTH75
6.4WI-FI76
6.54G/5G CELLULAR76
7HYDRAULICS MARKET, BY TYPE77
7.1INTRODUCTION78
FIGURE 29HYDRAULICS MARKET, BY TYPE78
TABLE 6HYDRAULICS MARKET, BY TYPE, 2018–2021 (USD MILLION)78
TABLE 7HYDRAULICS MARKET, BY TYPE, 2022–2027 (USD MILLION)78
FIGURE 30MOBILE SEGMENT TO HOLD LARGER SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD79
7.2MOBILE79
7.2.1NEED FOR HYDRAULIC POWER AT REMOTE AND DIFFICULT TERRAINS LEADS TO INSTALLATION OF MOBILE EQUIPMENT79
TABLE 8MOBILE HYDRAULICS MARKET, BY COMPONENT, 2018–2021 (USD MILLION)80
TABLE 9MOBILE HYDRAULICS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)80
TABLE 10MOBILE HYDRAULICS MARKET, BY REGION, 2018–2021 (USD MILLION)80
TABLE 11MOBILE HYDRAULICS MARKET, BY REGION, 2022–2027 (USD MILLION)81
7.3INDUSTRIAL81
7.3.1INDUSTRIAL HYDRAULICS USED TO MANAGE EXTREMELY HEAVY LOADS81
TABLE 12INDUSTRIAL HYDRAULICS MARKET, BY COMPONENT,
2018–2021 (USD MILLION)82
TABLE 13INDUSTRIAL HYDRAULICS MARKET, BY COMPONENT,
2022–2027 (USD MILLION)82
TABLE 14INDUSTRIAL HYDRAULICS MARKET, BY REGION, 2018–2021 (USD MILLION)82
TABLE 15INDUSTRIAL HYDRAULICS MARKET, BY REGION, 2022–2027 (USD MILLION)83
8HYDRAULICS MARKET, BY SENSOR84
8.1INTRODUCTION84
FIGURE 31HYDRAULICS MARKET, BY SENSOR84
TABLE 16HYDRAULICS MARKET, BY SENSOR, 2018–2021 (USD MILLION)85
TABLE 17HYDRAULICS MARKET, BY SENSOR, 2022–2027 (USD MILLION)85
8.2TILT SENSORS85
8.2.1GROWING USE OF TILT SENSORS IN MINING AND CONSTRUCTION INDUSTRIES DRIVES MARKET85
8.3POSITION SENSORS86
8.3.1ACCELERATED TREND OF INDUSTRIAL AUTOMATION DRIVES DEMAND FOR POSITION SENSORS86
8.4PRESSURE SENSORS86
8.4.1LARGE-SCALE ADOPTION OF IOT AND REMOTE CONNECTIVITY TO INCREASE DEMAND FOR PRESSURE SENSORS86
8.5TEMPERATURE SENSORS87
8.5.1RISING NEED FOR REAL-TIME TEMPERATURE MONITORING IN HYDRAULICS TO BOOST DEMAND FOR TEMPERATURE SENSORS87
8.6LEVEL SENSORS87
8.6.1INTEGRATION OF IOT IN HYDRAULICS FUELS DEMAND FOR LEVEL SENSORS87
8.7FLOW SENSORS87
8.7.1RISING AUTOMATION OF PROCESS INDUSTRIES FUELS DEMAND FOR FLOW METERS87
9HYDRAULICS MARKET, BY COMPONENT89
9.1INTRODUCTION90
FIGURE 32HYDRAULICS MARKET, BY COMPONENT90
FIGURE 33CYLINDERS TO HOLD LARGEST SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD90
TABLE 18HYDRAULICS MARKET, BY COMPONENT, 2018–2021 (USD MILLION)91
TABLE 19HYDRAULICS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)91
9.2MOTORS92
9.2.1MOTORS ARE ROTARY ACTUATORS THAT CONVERT HYDRAULIC ENERGY TO MECHANICAL POWER92
TABLE 20HYDRAULICS MARKET FOR MOTORS, BY TYPE, 2018–2021 (USD MILLION)92
TABLE 21HYDRAULICS MARKET FOR MOTORS, BY TYPE, 2022–2027 (USD MILLION)92
9.3PUMPS93
9.3.1HYDRAULIC PUMPS ARE GENERALLY USED IN MOBILE APPLICATIONS93
TABLE 22HYDRAULICS MARKET FOR PUMPS, BY TYPE, 2018–2021 (USD MILLION)93
TABLE 23HYDRAULICS MARKET FOR PUMPS, BY TYPE, 2022–2027 (USD MILLION)93
9.4CYLINDERS94
9.4.1CYLINDERS USE STORED ENERGY OF HYDRAULIC FLUIDS AND CONVERT THIS ENERGY INTO LINEAR DIRECTION FORCE94
TABLE 24HYDRAULICS MARKET FOR CYLINDERS, BY TYPE, 2018–2021 (USD MILLION)94
TABLE 25HYDRAULICS MARKET FOR CYLINDERS, BY TYPE, 2022–2027 (USD MILLION)94
9.5VALVES95
9.5.1VALVES ARE USED TO MAINTAIN FLOW OF HYDRAULIC FLUIDS WITHIN HYDRAULIC CIRCUITS95
TABLE 26HYDRAULICS MARKET FOR VALVES, BY TYPE, 2018–2021 (USD MILLION)95
TABLE 27HYDRAULICS MARKET FOR VALVES, BY TYPE, 2022–2027 (USD MILLION)95
9.6TRANSMISSIONS96
9.6.1HYDRAULIC TRANSMISSIONS ARE USED FOR OPERATING HEAVY-DUTY MACHINERY96
TABLE 28HYDRAULICS MARKET FOR TRANSMISSIONS, BY TYPE,
2018–2021 (USD MILLION)96
TABLE 29HYDRAULICS MARKET FOR TRANSMISSIONS, BY TYPE,
2022–2027 (USD MILLION)96
9.7ACCUMULATORS97
9.7.1ACCUMULATORS STORE AND DISCHARGE ENERGY IN FORM OF PRESSURIZED FLUIDS97
TABLE 30HYDRAULICS MARKET FOR ACCUMULATORS, BY TYPE,
2018–2021 (USD MILLION)97
TABLE 31HYDRAULICS MARKET FOR ACCUMULATORS, BY TYPE,
2022–2027 (USD MILLION)97
9.8FILTERS98
9.8.1HYDRAULIC FILTERS ARE USED TO LIMIT SYSTEM FAILURES IN VARIOUS
END-USE INDUSTRIES98
TABLE 32HYDRAULICS MARKET FOR FILTERS, BY TYPE, 2018–2021 (USD MILLION)98
TABLE 33HYDRAULICS MARKET FOR FILTERS, BY TYPE, 2022–2027 (USD MILLION)98
9.9OTHERS99
TABLE 34HYDRAULICS MARKET FOR OTHER COMPONENTS, BY TYPE,
2018–2021 (USD MILLION)99
TABLE 35HYDRAULICS MARKET FOR OTHER COMPONENTS, BY TYPE,
2022–2027 (USD MILLION)99
10HYDRAULICS MARKET, BY END USER100
10.1INTRODUCTION101
FIGURE 34HYDRAULICS MARKET, BY END USER101
FIGURE 35CONSTRUCTION SEGMENT TO HOLD LARGEST SIZE OF HYDRAULICS MARKET DURING FORECAST PERIOD101
TABLE 36HYDRAULICS MARKET, BY END USER, 2018–2021 (USD MILLION)102
TABLE 37HYDRAULICS MARKET, BY END USER, 2022–2027 (USD MILLION)102
10.2CONSTRUCTION103
10.2.1CONSTRUCTION INDUSTRY TO LEAD HYDRAULICS MARKET DURING FORECAST PERIOD103
TABLE 38HYDRAULICS MARKET FOR CONSTRUCTION, BY REGION,
2018–2021 (USD MILLION)103
TABLE 39HYDRAULICS MARKET FOR CONSTRUCTION, BY REGION,
2022–2027 (USD MILLION)104
10.3AEROSPACE104
10.3.1INCREASING DEMAND FOR ELECTRO-HYDRAULIC COMPONENTS IN AIRCRAFT TO FUEL GROWTH OF HYDRAULICS MARKET104
TABLE 40HYDRAULICS MARKET FOR AEROSPACE, BY REGION,
2018–2021 (USD MILLION)105
TABLE 41HYDRAULICS MARKET FOR AEROSPACE, BY REGION,
2022–2027 (USD MILLION)105
10.4MATERIAL HANDLING105
10.4.1MATERIAL HANDLING SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD105
TABLE 42HYDRAULICS MARKET FOR MATERIAL HANDLING, BY REGION,
2018–2021 (USD MILLION)106
TABLE 43HYDRAULICS MARKET FOR MATERIAL HANDLING, BY REGION,
2022–2027 (USD MILLION)106
10.5AGRICULTURE106
10.5.1GROWING USE OF HIGH-TECH AGRICULTURAL MACHINERY AND EQUIPMENT TO FUEL DEMAND FOR HYDRAULICS106
TABLE 44HYDRAULICS MARKET FOR AGRICULTURE, BY REGION,
2018–2021 (USD MILLION)107
TABLE 45HYDRAULICS MARKET FOR AGRICULTURE, BY REGION,
2022–2027 (USD MILLION)107
10.6MINING108
10.6.1BENEFITS OF HYDRAULICS TO PROPEL ADOPTION IN MINING INDUSTRY108
TABLE 46HYDRAULICS MARKET FOR MINING, BY REGION, 2018–2021 (USD MILLION)108
TABLE 47HYDRAULICS MARKET FOR MINING, BY REGION, 2022–2027 (USD MILLION)108
10.7AUTOMOTIVE109
10.7.1INCREASING APPLICATION OF HYDRAULICS IN AUTOMOTIVE INDUSTRY TO CREATE LUCRATIVE GROWTH OPPORTUNITIES109
TABLE 48HYDRAULICS MARKET FOR AUTOMOTIVE, BY REGION,
2018–2021 (USD MILLION)109
TABLE 49HYDRAULICS MARKET FOR AUTOMOTIVE, BY REGION,
2022–2027 (USD MILLION)110
10.8MARINE110
10.8.1ASIA PACIFIC EXPECTED TO BE FASTEST-GROWING HYDRAULICS MARKET FOR MARINE DURING FORECAST PERIOD110
TABLE 50HYDRAULICS MARKET FOR MARINE, BY REGION, 2018–2021 (USD MILLION)110
TABLE 51HYDRAULICS MARKET FOR MARINE, BY REGION, 2022–2027 (USD MILLION)111
10.9METAL & MACHINERY MANUFACTURING111
10.9.1FOCUS ON PREDICTIVE MAINTENANCE IN MANUFACTURING INDUSTRY TO PROPEL DEMAND FOR SMART HYDRAULICS111
TABLE 52HYDRAULICS MARKET FOR METAL & MACHINERY MANUFACTURING,
BY REGION, 2018–2021 (USD MILLION)111
TABLE 53HYDRAULICS MARKET FOR METAL & MACHINERY MANUFACTURING,
BY REGION, 2022–2027 (USD MILLION)112
10.10OIL & GAS112
10.10.1RUGGED HYDRAULIC CYLINDERS AND OTHER COMPONENTS INCREASE PRODUCTIVITY OF OIL & GAS OPERATIONS112
TABLE 54HYDRAULICS MARKET FOR OIL & GAS, BY REGION,
2018–2021 (USD MILLION)112
TABLE 55HYDRAULICS MARKET FOR OIL & GAS, BY REGION,
2022–2027 (USD MILLION)113
10.11OTHERS113
TABLE 56HYDRAULICS MARKET FOR OTHERS, BY REGION, 2018–2021 (USD MILLION)113
TABLE 57HYDRAULICS MARKET FOR OTHERS, BY REGION, 2022–2027 (USD MILLION)114
11REGIONAL ANALYSIS115
11.1INTRODUCTION116
FIGURE 36INDIA TO EXHIBIT HIGHEST CAGR IN GLOBAL HYDRAULICS MARKET DURING FORECAST PERIOD116
TABLE 58HYDRAULICS MARKET, BY REGION, 2018–2021 (USD MILLION)116
TABLE 59HYDRAULICS MARKET, BY REGION, 2022–2027 (USD MILLION)117
11.2NORTH AMERICA118
FIGURE 37NORTH AMERICA: HYDRAULICS MARKET SNAPSHOT118
11.2.1US119
11.2.1.1US to hold largest size of North American market during forecast period119
11.2.2CANADA119
11.2.2.1Growth of Canadian market to be driven by expanding mining industry119
11.2.3MEXICO120
11.2.3.1Mexican market growth fueled by growing oil & gas industry120
TABLE 60HYDRAULICS MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION)120
TABLE 61HYDRAULICS MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION)120
TABLE 62HYDRAULICS MARKET IN NORTH AMERICA, BY COMPONENT,
2018–2021 (USD MILLION)121
TABLE 63HYDRAULICS MARKET IN NORTH AMERICA, BY COMPONENT,
2022–2027 (USD MILLION)121
TABLE 64HYDRAULICS MARKET IN NORTH AMERICA, BY END USER,
2018–2021 (USD MILLION)122
TABLE 65HYDRAULICS MARKET IN NORTH AMERICA, BY END USER,
2022–2027 (USD MILLION)122
TABLE 66HYDRAULICS MARKET IN NORTH AMERICA, BY TYPE,
2018–2021 (USD MILLION)123
TABLE 67HYDRAULICS MARKET IN NORTH AMERICA, BY TYPE,
2022–2027 (USD MILLION)123
11.3EUROPE124
FIGURE 38EUROPE: HYDRAULICS MARKET SNAPSHOT124
11.3.1GERMANY125
11.3.1.1Significant presence of leading manufacturers of hydraulic equipment in Germany to drive market growth125
11.3.2FRANCE125
11.3.2.1Towering demand for material handling equipment to drive market growth in France125
11.3.3UK125
11.3.3.1Expanding marine industry to boost demand for hydraulics in UK125
11.3.4REST OF EUROPE126
TABLE 68HYDRAULICS MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)126
TABLE 69HYDRAULICS MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)126
TABLE 70HYDRAULICS MARKET IN EUROPE, BY COMPONENT,
2018–2021 (USD MILLION)127
TABLE 71HYDRAULICS MARKET IN EUROPE, BY COMPONENT,
2022–2027 (USD MILLION)127
TABLE 72HYDRAULICS MARKET IN EUROPE, BY END USER,
2018–2021 (USD MILLION)128
TABLE 73HYDRAULICS MARKET IN EUROPE, BY END USER,
2022–2027 (USD MILLION)128
TABLE 74HYDRAULICS MARKET IN EUROPE, BY TYPE, 2018–2021 (USD MILLION)129
TABLE 75HYDRAULICS MARKET IN EUROPE, BY TYPE, 2022–2027 (USD MILLION)129
11.4ASIA PACIFIC130
FIGURE 39ASIA PACIFIC: HYDRAULICS MARKET SNAPSHOT130
11.4.1JAPAN131
11.4.1.1Presence of large number of hydraulic equipment suppliers to fuel market growth131
11.4.2CHINA131
11.4.2.1Industrialization and urbanization in China to foster hydraulics market growth131
11.4.3INDIA131
11.4.3.1Heightened demand for hydraulics in construction industry to boost market growth131
11.4.4SOUTH KOREA132
11.4.4.1Expansion of shipbuilding industry in South Korea to generate demand for hydraulic components132
11.4.5REST OF ASIA PACIFIC132
TABLE 76HYDRAULICS MARKET IN ASIA PACIFIC, BY COUNTRY,
2018–2021 (USD MILLION)132
TABLE 77HYDRAULICS MARKET IN ASIA PACIFIC, BY COUNTRY,
2022–2027 (USD MILLION)133
TABLE 78HYDRAULICS MARKET IN ASIA PACIFIC, BY COMPONENT,
2018–2021 (USD MILLION)133
TABLE 79HYDRAULICS MARKET IN ASIA PACIFIC, BY COMPONENT,
2022–2027 (USD MILLION)133
TABLE 80HYDRAULICS MARKET IN ASIA PACIFIC, BY END USER,
2018–2021 (USD MILLION)134
TABLE 81HYDRAULICS MARKET IN ASIA PACIFIC, BY END USER,
2022–2027 (USD MILLION)134
TABLE 82HYDRAULICS MARKET IN ASIA PACIFIC, BY TYPE, 2018–2021 (USD MILLION)135
TABLE 83HYDRAULICS MARKET IN ASIA PACIFIC, BY TYPE, 2022–2027 (USD MILLION)135
11.5REST OF THE WORLD (ROW)135
11.5.1SOUTH AMERICA135
11.5.1.1Continued growth of construction industry and favorable
political scenario to drive market growth in South America135
11.5.2MIDDLE EAST136
11.5.2.1Rising investments in oil & gas industry to underpin market growth in Middle East136
11.5.3AFRICA136
11.5.3.1Surging requirement for mining equipment to create demand for hydraulics in Africa136
TABLE 84HYDRAULICS MARKET IN REST OF THE WORLD, BY REGION,
2018–2021 (USD MILLION)136
TABLE 85HYDRAULICS MARKET IN REST OF THE WORLD, BY REGION,
2022–2027 (USD MILLION)136
TABLE 86HYDRAULICS MARKET IN REST OF THE WORLD, BY COMPONENT,
2018–2021 (USD MILLION)137
TABLE 87HYDRAULICS MARKET IN REST OF THE WORLD, BY COMPONENT,
2022–2027 (USD MILLION)137
TABLE 88HYDRAULICS MARKET IN REST OF THE WORLD, BY END USER,
2018–2021 (USD MILLION)138
TABLE 89HYDRAULICS MARKET IN REST OF THE WORLD, BY END USER,
2022–2027 (USD MILLION)138
TABLE 90HYDRAULICS MARKET IN REST OF THE WORLD, BY TYPE,
2018–2021 (USD MILLION)139
TABLE 91HYDRAULICS MARKET IN REST OF THE WORLD, BY TYPE,
2022–2027 (USD MILLION)139
12COMPETITIVE LANDSCAPE140
12.1INTRODUCTION140
12.2REVENUE ANALYSIS OF TOP PLAYERS140
FIGURE 40TOP PLAYERS IN HYDRAULICS MARKET, 2017–2021140
12.3MARKET SHARE ANALYSIS141
TABLE 92HYDRAULICS MARKET: MARKET SHARE OF KEY COMPANIES141
12.4COMPANY EVALUATION QUADRANT, 2021142
12.4.1STAR142
12.4.2EMERGING LEADER143
12.4.3PERVASIVE143
12.4.4PARTICIPANT143
FIGURE 41HYDRAULICS MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021143
12.5SMALL- AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2021144
12.5.1PROGRESSIVE COMPANY144
12.5.2RESPONSIVE COMPANY144
12.5.3DYNAMIC COMPANY144
12.5.4STARTING BLOCK144
FIGURE 42HYDRAULICS MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021145
12.5.5HYDRAULICS MARKET: COMPANY FOOTPRINT146
TABLE 93END-USER FOOTPRINT146
TABLE 94REGIONAL FOOTPRINT146
TABLE 95COMPANY FOOTPRINT147
12.6COMPETITIVE SCENARIO147
12.6.1PRODUCT LAUNCHES147
TABLE 96HYDRAULICS MARKET: PRODUCT LAUNCHES, FEBRUARY 2020–AUGUST 2021147
12.6.2DEALS149
TABLE 97HYDRAULICS MARKET: DEALS, JANUARY 2020–NOVEMBER 2021149
12.6.3OTHERS150
TABLE 98HYDRAULICS MARKET: OTHERS, FEBRUARY 2020–MARCH 2021150
13COMPANY PROFILES151
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
13.1INTRODUCTION151
13.2KEY PLAYERS151
13.2.1ENERPAC TOOL GROUP151
TABLE 99ENERPAC TOOL GROUP: BUSINESS OVERVIEW151
FIGURE 43ENERPAC TOOL GROUP: COMPANY SNAPSHOT152
TABLE 100ENERPAC TOOL GROUP: PRODUCT OFFERINGS152
TABLE 101ENERPAC TOOL GROUP: PRODUCT LAUNCHES AND DEVELOPMENTS153
13.2.2BOSCH REXROTH AG154
TABLE 102BOSCH REXROTH AG: BUSINESS OVERVIEW154
FIGURE 44BOSCH REXROTH AG: COMPANY SNAPSHOT155
TABLE 103BOSCH REXROTH AG: PRODUCT OFFERINGS155
TABLE 104BOSCH REXROTH AG: PRODUCT LAUNCHES AND DEVELOPMENTS156
TABLE 105BOSCH REXROTH AG: DEALS156
TABLE 106BOSCH REXROTH AG: OTHERS157
13.2.3DANFOSS159
TABLE 107DANFOSS: BUSINESS OVERVIEW159
FIGURE 45DANFOSS: COMPANY SNAPSHOT160
TABLE 108DANFOSS: PRODUCT OFFERINGS160
TABLE 109DANFOSS: DEALS161
13.2.4HYDAC162
TABLE 110HYDAC: BUSINESS OVERVIEW162
TABLE 111HYDAC: PRODUCT OFFERINGS162
13.2.5KAWASAKI HEAVY INDUSTRIES163
TABLE 112KAWASAKI HEAVY INDUSTRIES: BUSINESS OVERVIEW163
FIGURE 46KAWASAKI HEAVY INDUSTRIES: COMPANY SNAPSHOT163
TABLE 113KAWASAKI HEAVY INDUSTRIES: PRODUCT OFFERINGS164
13.2.6KYB CORPORATION165
TABLE 114KYB CORPORATION: BUSINESS OVERVIEW165
FIGURE 47KYB CORPORATION: COMPANY SNAPSHOT165
TABLE 115KYB CORPORATION: PRODUCT OFFERINGS166
13.2.7SMC CORPORATION167
TABLE 116SMC CORPORATION: BUSINESS OVERVIEW167
FIGURE 48SMC CORPORATION: COMPANY SNAPSHOT167
TABLE 117SMC CORPORATION: PRODUCT OFFERINGS168
TABLE 118SMC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS168
13.2.8PARKER-HANNIFIN CORPORATION169
TABLE 119PARKER-HANNIFIN CORPORATION: BUSINESS OVERVIEW169
FIGURE 49PARKER-HANNIFIN CORPORATION: COMPANY SNAPSHOT170
TABLE 120PARKER-HANNIFIN CORPORATION: PRODUCT OFFERINGS170
TABLE 121PARKER-HANNIFIN CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS171
TABLE 122PARKER-HANNIFIN CORPORATION: OTHERS171
13.2.9WIPRO ENTERPRISES173
TABLE 123WIPRO ENTERPRISES: BUSINESS OVERVIEW173
FIGURE 50WIPRO ENTERPRISES: COMPANY SNAPSHOT174
TABLE 124WIPRO ENTERPRISES: PRODUCT OFFERINGS174
13.2.10CATERPILLAR175
TABLE 125CATERPILLAR: BUSINESS OVERVIEW175
FIGURE 51CATERPILLAR: COMPANY SNAPSHOT176
TABLE 126CATERPILLAR: PRODUCT OFFERINGS176
TABLE 127CATERPILLAR: DEALS177
13.3OTHER KEY PLAYERS178
13.3.1ADVANCED HYDRAULICS, LLC178
13.3.2AGGRESSIVE HYDRAULICS, INC.179
13.3.3BAILEY INTERNATIONAL, LLC180
13.3.4HOLMATRO181
13.3.5PRINCE MANUFACTURING181
13.3.6KAPPA ENGINEERING182
13.3.7LEHIGH FLUID POWER, INC.182
13.3.8LIGON HYDRAULIC CYLINDER GROUP183
13.3.9MARREL183
13.3.10PACOMA GMBH184
13.3.11STANDEX INTERNATIONAL184
13.3.12TEXAS HYDRAULICS185
13.3.13VALARM185
13.3.14WEBER-HYDRAULIK186
13.3.15YUASA CO., LTD.186
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14ADJACENT & RELATED MARKETS187
14.1INTRODUCTION187
14.2LIMITATIONS187
14.3INDUSTRIAL VALVES MARKET, BY TYPE188
TABLE 128INDUSTRIAL VALVES MARKET, BY TYPE, 2017–2020 (USD BILLION)188
TABLE 129INDUSTRIAL VALVES MARKET, BY TYPE, 2021–2026 (USD BILLION)188
14.4BALL VALVES189
14.4.1BALL VALVES WOULD CONTINUE ACCOUNTING FOR LARGEST MARKET SIZE DURING FORECAST PERIOD189
TABLE 130BALL VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)190
TABLE 131BALL VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)190
14.4.1.1Trunnion-mounted ball valves191
14.4.1.2Floating ball valves191
14.4.1.3Rising stem ball valves191
14.5BUTTERFLY VALVES191
14.5.1BUTTERFLY VALVES ACCOUNT FOR MAJOR MARKET SHARE OWING TO THEIR RELIABLE FIELD OPERATIONS, TIGHT SHUT-OFF, AND PRECISE CONTROL191
TABLE 132BUTTERFLY VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)192
TABLE 133BUTTERFLY VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)192
14.5.1.1Zero-offset butterfly valves193
14.5.1.2Double-offset butterfly valves193
14.5.1.3Triple-offset butterfly valves193
14.6CHECK VALVES193
14.6.1CHECK VALVES ARE ADOPTED FOR APPLICATIONS REQUIRING UNIDIRECTIONAL FLOW CONTROL193
TABLE 134CHECK VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)194
TABLE 135CHECK VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)194
14.7DIAPHRAGM VALVES195
14.7.1DIAPHRAGM VALVES ARE ADOPTED IN PHARMACEUTICALS AND CHEMICALS INDUSTRIES TO AVOID CONTAMINATION195
TABLE 136DIAPHRAGM VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)195
TABLE 137DIAPHRAGM VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)196
14.8GATE VALVES196
14.8.1GATE VALVES ARE WIDELY ADOPTED FOR ON/OFF APPLICATIONS196
TABLE 138GATE VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)197
TABLE 139GATE VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)197
14.8.1.1Standard plate gate valves198
14.8.1.2Wedge-type gate valves198
14.8.1.3Knife gate valves198
14.9GLOBE VALVES198
14.9.1GLOBE VALVES TO HOLD SECOND-LARGEST MARKET SIZE BY 2026198
TABLE 140GLOBE VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)199
TABLE 141GLOBE VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)199
14.10PLUG VALVES200
14.10.1MARKET FOR PLUG VALVES TO WITNESS SUBSTANTIAL GROWTH IN NEXT FEW YEARS200
TABLE 142PLUG VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)200
TABLE 143PLUG VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)201
14.11SAFETY VALVES201
14.11.1SAFETY VALVES ARE ADOPTED IN OIL & GAS, ENERGY & POWER, AND CHEMICALS INDUSTRIES201
TABLE 144SAFETY VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)202
TABLE 145SAFETY VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)202
15APPENDIX203
15.1INSIGHTS OF INDUSTRY EXPERTS203
15.2DISCUSSION GUIDE204
15.3KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL207
15.4AVAILABLE CUSTOMIZATIONS209
15.5RELATED REPORTS209
15.6AUTHOR DETAILS210
“Cylinders held the largest share of the hydraulics market in 2021”
Several companies in the hydraulic cylinder market are continuously investing in R&D to develop better and upgraded hydraulic cylinders, which would offer better solutions to their clients. Due to the high competition in the hydraulic cylinder market, companies need to upgrade their products periodically. The development of smart hydraulic cylinders is one of the key innovations driving the hydraulics market. Hydraulic cylinders are durable and simple. They are easy to use. These cylinders are installed in industrial and mobile equipment used in construction, aerospace, material handling, automotive, agriculture, mining, oil and gas, and marine applications.
“Mobile hydraulics held larger share of the hydraulics market in 2021”
Continuous R&D investments have led to advancements in hydraulics technology which have led to development of sophisticated equipment for automating lifting and movement of heavy objects or equipment, which in turn is increasing the demand for hydraulics in the material handling industry. Development of hydraulics technology has led to development of equipment to be used at remote and difficult terrains which in turn promotes the growth of hydraulic cylinders and other hydraulic components.
“Construction industry held largest share of the hydraulics market in 2021”
Construction equipment such as excavators, loaders, and trenchers use hydraulics equipment for increasing productivity. Hydraulics based construction equipment are used to manage complex tasks and are able to withstand the harshest environments. To ensure peak efficiency and safe operability of equipment, they are fitted with hydraulics equipment to tackle extreme conditions, which in turn is increasing the demand for hydraulics market.
“Asia Pacificheld thelargest share of the hydraulicsmarket in 2021”
The need to meet the demand of the growing population in this region, along with increasing industrialization in emerging countries, is fueling the growth of the agricultural and construction industries in the region. The hydraulics market in Australia is one of the major markets in Asia Pacific. Australia is rich in minerals, and the increased mining of these minerals is fueling the demand for mining equipment in the country.
The break-up of the profiles of primary participants for the report has been given below:
•By Company Type: Tier 1 = 52%, Tier 2 = 31%, and Tier 3 = 17%
•ByDesignation: C-Level Executives = 47%, Directors= 31%, and Others= 22%
•ByRegion: North America = 44%, Europe = 25%, Asia Pacific = 21%, and RoW= 10%
Major players operating in the hydraulics market includeBosch Rexroth (Germany), Danfoss (Denmark), Parker-Hannifin Corporation (US), Enerpac Tool Group (US), HYDAC (Germany), Kawasaki Heavy Industries (Japan), KYB Corporation (Japan), SMC Corporation (Japan), Wipro Enterprises (India), and Caterpillar (US), among others.
Research Coverage:
The research report on the global hydraulics market covers the market based oncomponents, type, end user, and region. Based on components, the hydraulics market has been segmented into cylinders, valves, motors, pumps, accumulators, filters, transmissions, and others. Based on type, the hydraulics market has been segmented into industrial and mobile hydraulics. Based on end user, the hydraulics market is segmented into construction, agriculture, material handling, aerospace, metals & machinery manufacturing, automotive, mining, oil & gas, marine, and others. The report covers four major regions, namely,North America, Europe, AsiaPacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
This report segments thehydraulics market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across different components, type, end user, and regions.
The report helps stakeholders understand the pulse of the market, expected market scenario and provides information on key market drivers, restraints, challenges, and opportunities.
The report helps to understand the COVID-19 impact on the hydraulics market
1INTRODUCTION24
1.1STUDY OBJECTIVES24
1.2MARKET DEFINITION AND SCOPE24
1.3INCLUSIONS AND EXCLUSIONS25
TABLE 1HYDRAULICS MARKET: INCLUSIONS AND EXCLUSIONS25
1.4STUDY SCOPE26
1.4.1MARKETS COVERED26
FIGURE 1HYDRAULICS MARKET: SEGMENTATION26
1.4.2HYDRAULICS MARKET, BY REGION26
1.4.3YEARS CONSIDERED27
1.5CURRENCY27
1.6LIMITATIONS27
1.7STAKEHOLDERS28
1.8SUMMARY OF CHANGES28
2RESEARCH METHODOLOGY29
2.1RESEARCH DATA29
FIGURE 2HYDRAULICS MARKET: RESEARCH DESIGN30
2.1.1SECONDARY & PRIMARY RESEARCH31
2.1.2SECONDARY DATA32
2.1.2.1List of major secondary sources32
2.1.2.2Key data from secondary sources32
2.1.3PRIMARY DATA33
2.1.3.1Primary interviews with experts33
2.1.3.2Key data from primary sources34
2.1.3.3Key industry insights34
2.1.3.4Breakdown of primaries35
2.2MARKET SIZE ESTIMATION35
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE OF COMPANIES FROM HYDRAULICS COMPONENTS35
2.2.1BOTTOM-UP APPROACH36
2.2.1.1Approach for arriving at market share by bottom-up analysis (demand side)36
FIGURE 4BOTTOM-UP APPROACH TO ARRIVE AT MARKET SIZE37
2.2.2TOP-DOWN APPROACH37
2.2.2.1Approach for capturing market share by top-down analysis (supply side)37
FIGURE 5TOP-DOWN APPROACH TO ARRIVE AT MARKET SIZE38
2.3MARKET BREAKDOWN & DATA TRIANGULATION38
FIGURE 6DATA TRIANGULATION38
2.4RESEARCH ASSUMPTIONS39
FIGURE 7ASSUMPTIONS FOR RESEARCH STUDY39
3EXECUTIVE SUMMARY40
FIGURE 8ANALYSIS OF IMPACT OF COVID–19 ON HYDRAULICS MARKET41
FIGURE 9CYLINDERS TO ACCOUNT FOR LARGEST SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD42
FIGURE 10MOBILE SEGMENT TO HOLD LARGER SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD43
FIGURE 11AGRICULTURE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD44
FIGURE 12ASIA PACIFIC HYDRAULICS MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD45
4PREMIUM INSIGHTS46
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR HYDRAULICS MARKET46
FIGURE 13HYDRAULICS MARKET TO WITNESS LUCRATIVE GROWTH OPPORTUNITIES IN ASIA PACIFIC46
4.2HYDRAULICS MARKET, BY COMPONENT46
FIGURE 14CYLINDERS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD46
4.3HYDRAULICS MARKET, BY END USER47
FIGURE 15CONSTRUCTION SEGMENT TO HOLD LARGEST SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD47
4.4HYDRAULICS MARKET, BY TYPE47
FIGURE 16MOBILE SEGMENT TO HOLD MAJOR SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD47
4.5HYDRAULICS MARKET, BY GEOGRAPHY48
FIGURE 17ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD48
5MARKET OVERVIEW49
5.1INTRODUCTION49
5.2MARKET DYNAMICS49
FIGURE 18HYDRAULICS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES49
5.2.1DRIVERS50
FIGURE 19IMPACT ANALYSIS: DRIVERS50
5.2.1.1Accelerating construction activities leading to demand for hydraulic equipment50
5.2.1.2Increasing requirement for material handling equipment51
5.2.1.3Mounting demand for advanced agriculture equipment51
5.2.1.4Increasing penetration of hydraulic equipment across various industries51
5.2.1.5Expanding process industries52
5.2.2RESTRAINTS52
FIGURE 20IMPACT ANALYSIS: RESTRAINTS52
5.2.2.1Intensifying concerns regarding oil leaks52
5.2.2.2High manufacturing and maintenance costs53
5.2.3OPPORTUNITIES53
FIGURE 21IMPACT ANALYSIS: OPPORTUNITIES53
5.2.3.1Surging adoption of lifting equipment in shipping industry53
5.2.3.2Development of smart hydraulic equipment54
5.2.3.3Continuous R&D and technological advancements in hydraulic cylinders54
5.2.3.4Increasing uptake of electric vehicles54
5.2.4CHALLENGES55
FIGURE 22IMPACT ANALYSIS: CHALLENGES55
5.2.4.1Availability of substitute products55
5.3VALUE CHAIN55
FIGURE 23HYDRAULICS MARKET: VALUE CHAIN ANALYSIS56
5.3.1RAW MATERIAL SUPPLIERS56
5.3.2MANUFACTURERS56
5.3.3DISTRIBUTORS56
5.3.4END-USER INDUSTRIES57
5.3.5AFTER-SALES SERVICE PROVIDERS57
5.4ECOSYSTEM57
FIGURE 24HYDRAULICS MARKET: ECOSYSTEM57
TABLE 2HYDRAULICS MARKET: ECOSYSTEM58
5.5PRICING MODEL OF HYDRAULICS MARKET PLAYERS58
TABLE 3AVERAGE SELLING PRICE BASED ON CYLINDER TYPE59
5.6TECHNOLOGY ANALYSIS59
5.6.1INTRODUCTION59
5.6.2IMPACT OF IOT ON HYDRAULIC ECOSYSTEM59
5.6.2.1Introduction59
5.6.2.2IoT empowers control in hydraulic applications59
FIGURE 25MONITORING OF HYDRAULIC-BASED MACHINERY USING IOT60
5.6.2.3IoT offers remote control of plant systems60
5.6.2.4Integration of IoT with fluid power61
5.6.2.5IoT Sensors in hydraulics61
5.6.3INCREASING DIGITIZATION OF MOBILE HYDRAULIC PRODUCT PORTFOLIO61
5.6.4INCREASING USE OF DIFFERENT SENSOR TECHNOLOGIES IN MOBILE HYDRAULICS62
5.6.4.1Position sensors have become vital in mobile hydraulic solutions62
5.6.5IMPACT OF 5G TECHNOLOGY ON HYDRAULIC ECOSYSTEM62
5.6.6SHIFT OF FUNCTIONALITY IN SOFTWARE ARCHITECTURE USED FOR
INDUSTRY 4.063
5.6.7SOFTWARE & SERVICES63
5.6.7.1Software to help automate various tasks involved in running and monitoring devices63
5.7PORTER’S FIVE FORCE ANALYSIS63
TABLE 4IMPACT OF EACH FORCE ON HYDRAULICS MARKET64
5.7.1THREAT OF NEW ENTRANTS64
5.7.2THREAT OF SUBSTITUTES64
5.7.3BARGAINING POWER OF SUPPLIERS65
5.7.4BARGAINING POWER OF BUYERS65
5.7.5INTENSITY OF COMPETITIVE RIVALRY65
5.8CASE STUDIES65
5.8.1GENAN ADOPTED BOSCH REXROTH’S HYDRAULICS TO EXTEND TIRE LIFE
AND PRODUCTIVITY65
5.8.2ECO GREEN CONTRACTED PARKER-HANNIFIN CORPORATION TO ACHIEVE BOTH VOLUME AND HIGH-QUALITY CRUMB RUBBER IN ONE MACHINE66
5.9TRADE ANALYSIS66
5.9.1EXPORT SCENARIO FOR HYDRAULIC MOTORS & LINEAR ACTING CYLINDERS66
FIGURE 26EXPORT DATA FOR HS CODE 841221, BY KEY COUNTRY, 2017–2021 (USD MILLION)67
5.9.2IMPORT SCENARIO FOR HYDRAULIC MOTORS & LINEAR ACTING CYLINDERS67
FIGURE 27IMPORT DATA FOR HS CODE 841221, BY KEY COUNTRY, 2017–2021 (USD MILLION)68
5.10PATENT ANALYSIS69
FIGURE 28ANALYSIS OF PATENTS GRANTED IN HYDRAULICS MARKET69
TABLE 5SOME PATENTS PERTAINING TO HYDRAULICS MARKET, 2019–202170
5.11REGULATORY IMPLICATIONS73
5.11.1ISO 4413:201074
5.11.2ISO 4409:200774
5.11.3ISO 4401:200574
6HYDRAULICS MARKET, BY COMMUNICATION TECHNOLOGY75
6.1INTRODUCTION75
6.2RADIOFREQUENCY75
6.3BLUETOOTH75
6.4WI-FI76
6.54G/5G CELLULAR76
7HYDRAULICS MARKET, BY TYPE77
7.1INTRODUCTION78
FIGURE 29HYDRAULICS MARKET, BY TYPE78
TABLE 6HYDRAULICS MARKET, BY TYPE, 2018–2021 (USD MILLION)78
TABLE 7HYDRAULICS MARKET, BY TYPE, 2022–2027 (USD MILLION)78
FIGURE 30MOBILE SEGMENT TO HOLD LARGER SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD79
7.2MOBILE79
7.2.1NEED FOR HYDRAULIC POWER AT REMOTE AND DIFFICULT TERRAINS LEADS TO INSTALLATION OF MOBILE EQUIPMENT79
TABLE 8MOBILE HYDRAULICS MARKET, BY COMPONENT, 2018–2021 (USD MILLION)80
TABLE 9MOBILE HYDRAULICS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)80
TABLE 10MOBILE HYDRAULICS MARKET, BY REGION, 2018–2021 (USD MILLION)80
TABLE 11MOBILE HYDRAULICS MARKET, BY REGION, 2022–2027 (USD MILLION)81
7.3INDUSTRIAL81
7.3.1INDUSTRIAL HYDRAULICS USED TO MANAGE EXTREMELY HEAVY LOADS81
TABLE 12INDUSTRIAL HYDRAULICS MARKET, BY COMPONENT,
2018–2021 (USD MILLION)82
TABLE 13INDUSTRIAL HYDRAULICS MARKET, BY COMPONENT,
2022–2027 (USD MILLION)82
TABLE 14INDUSTRIAL HYDRAULICS MARKET, BY REGION, 2018–2021 (USD MILLION)82
TABLE 15INDUSTRIAL HYDRAULICS MARKET, BY REGION, 2022–2027 (USD MILLION)83
8HYDRAULICS MARKET, BY SENSOR84
8.1INTRODUCTION84
FIGURE 31HYDRAULICS MARKET, BY SENSOR84
TABLE 16HYDRAULICS MARKET, BY SENSOR, 2018–2021 (USD MILLION)85
TABLE 17HYDRAULICS MARKET, BY SENSOR, 2022–2027 (USD MILLION)85
8.2TILT SENSORS85
8.2.1GROWING USE OF TILT SENSORS IN MINING AND CONSTRUCTION INDUSTRIES DRIVES MARKET85
8.3POSITION SENSORS86
8.3.1ACCELERATED TREND OF INDUSTRIAL AUTOMATION DRIVES DEMAND FOR POSITION SENSORS86
8.4PRESSURE SENSORS86
8.4.1LARGE-SCALE ADOPTION OF IOT AND REMOTE CONNECTIVITY TO INCREASE DEMAND FOR PRESSURE SENSORS86
8.5TEMPERATURE SENSORS87
8.5.1RISING NEED FOR REAL-TIME TEMPERATURE MONITORING IN HYDRAULICS TO BOOST DEMAND FOR TEMPERATURE SENSORS87
8.6LEVEL SENSORS87
8.6.1INTEGRATION OF IOT IN HYDRAULICS FUELS DEMAND FOR LEVEL SENSORS87
8.7FLOW SENSORS87
8.7.1RISING AUTOMATION OF PROCESS INDUSTRIES FUELS DEMAND FOR FLOW METERS87
9HYDRAULICS MARKET, BY COMPONENT89
9.1INTRODUCTION90
FIGURE 32HYDRAULICS MARKET, BY COMPONENT90
FIGURE 33CYLINDERS TO HOLD LARGEST SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD90
TABLE 18HYDRAULICS MARKET, BY COMPONENT, 2018–2021 (USD MILLION)91
TABLE 19HYDRAULICS MARKET, BY COMPONENT, 2022–2027 (USD MILLION)91
9.2MOTORS92
9.2.1MOTORS ARE ROTARY ACTUATORS THAT CONVERT HYDRAULIC ENERGY TO MECHANICAL POWER92
TABLE 20HYDRAULICS MARKET FOR MOTORS, BY TYPE, 2018–2021 (USD MILLION)92
TABLE 21HYDRAULICS MARKET FOR MOTORS, BY TYPE, 2022–2027 (USD MILLION)92
9.3PUMPS93
9.3.1HYDRAULIC PUMPS ARE GENERALLY USED IN MOBILE APPLICATIONS93
TABLE 22HYDRAULICS MARKET FOR PUMPS, BY TYPE, 2018–2021 (USD MILLION)93
TABLE 23HYDRAULICS MARKET FOR PUMPS, BY TYPE, 2022–2027 (USD MILLION)93
9.4CYLINDERS94
9.4.1CYLINDERS USE STORED ENERGY OF HYDRAULIC FLUIDS AND CONVERT THIS ENERGY INTO LINEAR DIRECTION FORCE94
TABLE 24HYDRAULICS MARKET FOR CYLINDERS, BY TYPE, 2018–2021 (USD MILLION)94
TABLE 25HYDRAULICS MARKET FOR CYLINDERS, BY TYPE, 2022–2027 (USD MILLION)94
9.5VALVES95
9.5.1VALVES ARE USED TO MAINTAIN FLOW OF HYDRAULIC FLUIDS WITHIN HYDRAULIC CIRCUITS95
TABLE 26HYDRAULICS MARKET FOR VALVES, BY TYPE, 2018–2021 (USD MILLION)95
TABLE 27HYDRAULICS MARKET FOR VALVES, BY TYPE, 2022–2027 (USD MILLION)95
9.6TRANSMISSIONS96
9.6.1HYDRAULIC TRANSMISSIONS ARE USED FOR OPERATING HEAVY-DUTY MACHINERY96
TABLE 28HYDRAULICS MARKET FOR TRANSMISSIONS, BY TYPE,
2018–2021 (USD MILLION)96
TABLE 29HYDRAULICS MARKET FOR TRANSMISSIONS, BY TYPE,
2022–2027 (USD MILLION)96
9.7ACCUMULATORS97
9.7.1ACCUMULATORS STORE AND DISCHARGE ENERGY IN FORM OF PRESSURIZED FLUIDS97
TABLE 30HYDRAULICS MARKET FOR ACCUMULATORS, BY TYPE,
2018–2021 (USD MILLION)97
TABLE 31HYDRAULICS MARKET FOR ACCUMULATORS, BY TYPE,
2022–2027 (USD MILLION)97
9.8FILTERS98
9.8.1HYDRAULIC FILTERS ARE USED TO LIMIT SYSTEM FAILURES IN VARIOUS
END-USE INDUSTRIES98
TABLE 32HYDRAULICS MARKET FOR FILTERS, BY TYPE, 2018–2021 (USD MILLION)98
TABLE 33HYDRAULICS MARKET FOR FILTERS, BY TYPE, 2022–2027 (USD MILLION)98
9.9OTHERS99
TABLE 34HYDRAULICS MARKET FOR OTHER COMPONENTS, BY TYPE,
2018–2021 (USD MILLION)99
TABLE 35HYDRAULICS MARKET FOR OTHER COMPONENTS, BY TYPE,
2022–2027 (USD MILLION)99
10HYDRAULICS MARKET, BY END USER100
10.1INTRODUCTION101
FIGURE 34HYDRAULICS MARKET, BY END USER101
FIGURE 35CONSTRUCTION SEGMENT TO HOLD LARGEST SIZE OF HYDRAULICS MARKET DURING FORECAST PERIOD101
TABLE 36HYDRAULICS MARKET, BY END USER, 2018–2021 (USD MILLION)102
TABLE 37HYDRAULICS MARKET, BY END USER, 2022–2027 (USD MILLION)102
10.2CONSTRUCTION103
10.2.1CONSTRUCTION INDUSTRY TO LEAD HYDRAULICS MARKET DURING FORECAST PERIOD103
TABLE 38HYDRAULICS MARKET FOR CONSTRUCTION, BY REGION,
2018–2021 (USD MILLION)103
TABLE 39HYDRAULICS MARKET FOR CONSTRUCTION, BY REGION,
2022–2027 (USD MILLION)104
10.3AEROSPACE104
10.3.1INCREASING DEMAND FOR ELECTRO-HYDRAULIC COMPONENTS IN AIRCRAFT TO FUEL GROWTH OF HYDRAULICS MARKET104
TABLE 40HYDRAULICS MARKET FOR AEROSPACE, BY REGION,
2018–2021 (USD MILLION)105
TABLE 41HYDRAULICS MARKET FOR AEROSPACE, BY REGION,
2022–2027 (USD MILLION)105
10.4MATERIAL HANDLING105
10.4.1MATERIAL HANDLING SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD105
TABLE 42HYDRAULICS MARKET FOR MATERIAL HANDLING, BY REGION,
2018–2021 (USD MILLION)106
TABLE 43HYDRAULICS MARKET FOR MATERIAL HANDLING, BY REGION,
2022–2027 (USD MILLION)106
10.5AGRICULTURE106
10.5.1GROWING USE OF HIGH-TECH AGRICULTURAL MACHINERY AND EQUIPMENT TO FUEL DEMAND FOR HYDRAULICS106
TABLE 44HYDRAULICS MARKET FOR AGRICULTURE, BY REGION,
2018–2021 (USD MILLION)107
TABLE 45HYDRAULICS MARKET FOR AGRICULTURE, BY REGION,
2022–2027 (USD MILLION)107
10.6MINING108
10.6.1BENEFITS OF HYDRAULICS TO PROPEL ADOPTION IN MINING INDUSTRY108
TABLE 46HYDRAULICS MARKET FOR MINING, BY REGION, 2018–2021 (USD MILLION)108
TABLE 47HYDRAULICS MARKET FOR MINING, BY REGION, 2022–2027 (USD MILLION)108
10.7AUTOMOTIVE109
10.7.1INCREASING APPLICATION OF HYDRAULICS IN AUTOMOTIVE INDUSTRY TO CREATE LUCRATIVE GROWTH OPPORTUNITIES109
TABLE 48HYDRAULICS MARKET FOR AUTOMOTIVE, BY REGION,
2018–2021 (USD MILLION)109
TABLE 49HYDRAULICS MARKET FOR AUTOMOTIVE, BY REGION,
2022–2027 (USD MILLION)110
10.8MARINE110
10.8.1ASIA PACIFIC EXPECTED TO BE FASTEST-GROWING HYDRAULICS MARKET FOR MARINE DURING FORECAST PERIOD110
TABLE 50HYDRAULICS MARKET FOR MARINE, BY REGION, 2018–2021 (USD MILLION)110
TABLE 51HYDRAULICS MARKET FOR MARINE, BY REGION, 2022–2027 (USD MILLION)111
10.9METAL & MACHINERY MANUFACTURING111
10.9.1FOCUS ON PREDICTIVE MAINTENANCE IN MANUFACTURING INDUSTRY TO PROPEL DEMAND FOR SMART HYDRAULICS111
TABLE 52HYDRAULICS MARKET FOR METAL & MACHINERY MANUFACTURING,
BY REGION, 2018–2021 (USD MILLION)111
TABLE 53HYDRAULICS MARKET FOR METAL & MACHINERY MANUFACTURING,
BY REGION, 2022–2027 (USD MILLION)112
10.10OIL & GAS112
10.10.1RUGGED HYDRAULIC CYLINDERS AND OTHER COMPONENTS INCREASE PRODUCTIVITY OF OIL & GAS OPERATIONS112
TABLE 54HYDRAULICS MARKET FOR OIL & GAS, BY REGION,
2018–2021 (USD MILLION)112
TABLE 55HYDRAULICS MARKET FOR OIL & GAS, BY REGION,
2022–2027 (USD MILLION)113
10.11OTHERS113
TABLE 56HYDRAULICS MARKET FOR OTHERS, BY REGION, 2018–2021 (USD MILLION)113
TABLE 57HYDRAULICS MARKET FOR OTHERS, BY REGION, 2022–2027 (USD MILLION)114
11REGIONAL ANALYSIS115
11.1INTRODUCTION116
FIGURE 36INDIA TO EXHIBIT HIGHEST CAGR IN GLOBAL HYDRAULICS MARKET DURING FORECAST PERIOD116
TABLE 58HYDRAULICS MARKET, BY REGION, 2018–2021 (USD MILLION)116
TABLE 59HYDRAULICS MARKET, BY REGION, 2022–2027 (USD MILLION)117
11.2NORTH AMERICA118
FIGURE 37NORTH AMERICA: HYDRAULICS MARKET SNAPSHOT118
11.2.1US119
11.2.1.1US to hold largest size of North American market during forecast period119
11.2.2CANADA119
11.2.2.1Growth of Canadian market to be driven by expanding mining industry119
11.2.3MEXICO120
11.2.3.1Mexican market growth fueled by growing oil & gas industry120
TABLE 60HYDRAULICS MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION)120
TABLE 61HYDRAULICS MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION)120
TABLE 62HYDRAULICS MARKET IN NORTH AMERICA, BY COMPONENT,
2018–2021 (USD MILLION)121
TABLE 63HYDRAULICS MARKET IN NORTH AMERICA, BY COMPONENT,
2022–2027 (USD MILLION)121
TABLE 64HYDRAULICS MARKET IN NORTH AMERICA, BY END USER,
2018–2021 (USD MILLION)122
TABLE 65HYDRAULICS MARKET IN NORTH AMERICA, BY END USER,
2022–2027 (USD MILLION)122
TABLE 66HYDRAULICS MARKET IN NORTH AMERICA, BY TYPE,
2018–2021 (USD MILLION)123
TABLE 67HYDRAULICS MARKET IN NORTH AMERICA, BY TYPE,
2022–2027 (USD MILLION)123
11.3EUROPE124
FIGURE 38EUROPE: HYDRAULICS MARKET SNAPSHOT124
11.3.1GERMANY125
11.3.1.1Significant presence of leading manufacturers of hydraulic equipment in Germany to drive market growth125
11.3.2FRANCE125
11.3.2.1Towering demand for material handling equipment to drive market growth in France125
11.3.3UK125
11.3.3.1Expanding marine industry to boost demand for hydraulics in UK125
11.3.4REST OF EUROPE126
TABLE 68HYDRAULICS MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)126
TABLE 69HYDRAULICS MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)126
TABLE 70HYDRAULICS MARKET IN EUROPE, BY COMPONENT,
2018–2021 (USD MILLION)127
TABLE 71HYDRAULICS MARKET IN EUROPE, BY COMPONENT,
2022–2027 (USD MILLION)127
TABLE 72HYDRAULICS MARKET IN EUROPE, BY END USER,
2018–2021 (USD MILLION)128
TABLE 73HYDRAULICS MARKET IN EUROPE, BY END USER,
2022–2027 (USD MILLION)128
TABLE 74HYDRAULICS MARKET IN EUROPE, BY TYPE, 2018–2021 (USD MILLION)129
TABLE 75HYDRAULICS MARKET IN EUROPE, BY TYPE, 2022–2027 (USD MILLION)129
11.4ASIA PACIFIC130
FIGURE 39ASIA PACIFIC: HYDRAULICS MARKET SNAPSHOT130
11.4.1JAPAN131
11.4.1.1Presence of large number of hydraulic equipment suppliers to fuel market growth131
11.4.2CHINA131
11.4.2.1Industrialization and urbanization in China to foster hydraulics market growth131
11.4.3INDIA131
11.4.3.1Heightened demand for hydraulics in construction industry to boost market growth131
11.4.4SOUTH KOREA132
11.4.4.1Expansion of shipbuilding industry in South Korea to generate demand for hydraulic components132
11.4.5REST OF ASIA PACIFIC132
TABLE 76HYDRAULICS MARKET IN ASIA PACIFIC, BY COUNTRY,
2018–2021 (USD MILLION)132
TABLE 77HYDRAULICS MARKET IN ASIA PACIFIC, BY COUNTRY,
2022–2027 (USD MILLION)133
TABLE 78HYDRAULICS MARKET IN ASIA PACIFIC, BY COMPONENT,
2018–2021 (USD MILLION)133
TABLE 79HYDRAULICS MARKET IN ASIA PACIFIC, BY COMPONENT,
2022–2027 (USD MILLION)133
TABLE 80HYDRAULICS MARKET IN ASIA PACIFIC, BY END USER,
2018–2021 (USD MILLION)134
TABLE 81HYDRAULICS MARKET IN ASIA PACIFIC, BY END USER,
2022–2027 (USD MILLION)134
TABLE 82HYDRAULICS MARKET IN ASIA PACIFIC, BY TYPE, 2018–2021 (USD MILLION)135
TABLE 83HYDRAULICS MARKET IN ASIA PACIFIC, BY TYPE, 2022–2027 (USD MILLION)135
11.5REST OF THE WORLD (ROW)135
11.5.1SOUTH AMERICA135
11.5.1.1Continued growth of construction industry and favorable
political scenario to drive market growth in South America135
11.5.2MIDDLE EAST136
11.5.2.1Rising investments in oil & gas industry to underpin market growth in Middle East136
11.5.3AFRICA136
11.5.3.1Surging requirement for mining equipment to create demand for hydraulics in Africa136
TABLE 84HYDRAULICS MARKET IN REST OF THE WORLD, BY REGION,
2018–2021 (USD MILLION)136
TABLE 85HYDRAULICS MARKET IN REST OF THE WORLD, BY REGION,
2022–2027 (USD MILLION)136
TABLE 86HYDRAULICS MARKET IN REST OF THE WORLD, BY COMPONENT,
2018–2021 (USD MILLION)137
TABLE 87HYDRAULICS MARKET IN REST OF THE WORLD, BY COMPONENT,
2022–2027 (USD MILLION)137
TABLE 88HYDRAULICS MARKET IN REST OF THE WORLD, BY END USER,
2018–2021 (USD MILLION)138
TABLE 89HYDRAULICS MARKET IN REST OF THE WORLD, BY END USER,
2022–2027 (USD MILLION)138
TABLE 90HYDRAULICS MARKET IN REST OF THE WORLD, BY TYPE,
2018–2021 (USD MILLION)139
TABLE 91HYDRAULICS MARKET IN REST OF THE WORLD, BY TYPE,
2022–2027 (USD MILLION)139
12COMPETITIVE LANDSCAPE140
12.1INTRODUCTION140
12.2REVENUE ANALYSIS OF TOP PLAYERS140
FIGURE 40TOP PLAYERS IN HYDRAULICS MARKET, 2017–2021140
12.3MARKET SHARE ANALYSIS141
TABLE 92HYDRAULICS MARKET: MARKET SHARE OF KEY COMPANIES141
12.4COMPANY EVALUATION QUADRANT, 2021142
12.4.1STAR142
12.4.2EMERGING LEADER143
12.4.3PERVASIVE143
12.4.4PARTICIPANT143
FIGURE 41HYDRAULICS MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021143
12.5SMALL- AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2021144
12.5.1PROGRESSIVE COMPANY144
12.5.2RESPONSIVE COMPANY144
12.5.3DYNAMIC COMPANY144
12.5.4STARTING BLOCK144
FIGURE 42HYDRAULICS MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021145
12.5.5HYDRAULICS MARKET: COMPANY FOOTPRINT146
TABLE 93END-USER FOOTPRINT146
TABLE 94REGIONAL FOOTPRINT146
TABLE 95COMPANY FOOTPRINT147
12.6COMPETITIVE SCENARIO147
12.6.1PRODUCT LAUNCHES147
TABLE 96HYDRAULICS MARKET: PRODUCT LAUNCHES, FEBRUARY 2020–AUGUST 2021147
12.6.2DEALS149
TABLE 97HYDRAULICS MARKET: DEALS, JANUARY 2020–NOVEMBER 2021149
12.6.3OTHERS150
TABLE 98HYDRAULICS MARKET: OTHERS, FEBRUARY 2020–MARCH 2021150
13COMPANY PROFILES151
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
13.1INTRODUCTION151
13.2KEY PLAYERS151
13.2.1ENERPAC TOOL GROUP151
TABLE 99ENERPAC TOOL GROUP: BUSINESS OVERVIEW151
FIGURE 43ENERPAC TOOL GROUP: COMPANY SNAPSHOT152
TABLE 100ENERPAC TOOL GROUP: PRODUCT OFFERINGS152
TABLE 101ENERPAC TOOL GROUP: PRODUCT LAUNCHES AND DEVELOPMENTS153
13.2.2BOSCH REXROTH AG154
TABLE 102BOSCH REXROTH AG: BUSINESS OVERVIEW154
FIGURE 44BOSCH REXROTH AG: COMPANY SNAPSHOT155
TABLE 103BOSCH REXROTH AG: PRODUCT OFFERINGS155
TABLE 104BOSCH REXROTH AG: PRODUCT LAUNCHES AND DEVELOPMENTS156
TABLE 105BOSCH REXROTH AG: DEALS156
TABLE 106BOSCH REXROTH AG: OTHERS157
13.2.3DANFOSS159
TABLE 107DANFOSS: BUSINESS OVERVIEW159
FIGURE 45DANFOSS: COMPANY SNAPSHOT160
TABLE 108DANFOSS: PRODUCT OFFERINGS160
TABLE 109DANFOSS: DEALS161
13.2.4HYDAC162
TABLE 110HYDAC: BUSINESS OVERVIEW162
TABLE 111HYDAC: PRODUCT OFFERINGS162
13.2.5KAWASAKI HEAVY INDUSTRIES163
TABLE 112KAWASAKI HEAVY INDUSTRIES: BUSINESS OVERVIEW163
FIGURE 46KAWASAKI HEAVY INDUSTRIES: COMPANY SNAPSHOT163
TABLE 113KAWASAKI HEAVY INDUSTRIES: PRODUCT OFFERINGS164
13.2.6KYB CORPORATION165
TABLE 114KYB CORPORATION: BUSINESS OVERVIEW165
FIGURE 47KYB CORPORATION: COMPANY SNAPSHOT165
TABLE 115KYB CORPORATION: PRODUCT OFFERINGS166
13.2.7SMC CORPORATION167
TABLE 116SMC CORPORATION: BUSINESS OVERVIEW167
FIGURE 48SMC CORPORATION: COMPANY SNAPSHOT167
TABLE 117SMC CORPORATION: PRODUCT OFFERINGS168
TABLE 118SMC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS168
13.2.8PARKER-HANNIFIN CORPORATION169
TABLE 119PARKER-HANNIFIN CORPORATION: BUSINESS OVERVIEW169
FIGURE 49PARKER-HANNIFIN CORPORATION: COMPANY SNAPSHOT170
TABLE 120PARKER-HANNIFIN CORPORATION: PRODUCT OFFERINGS170
TABLE 121PARKER-HANNIFIN CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS171
TABLE 122PARKER-HANNIFIN CORPORATION: OTHERS171
13.2.9WIPRO ENTERPRISES173
TABLE 123WIPRO ENTERPRISES: BUSINESS OVERVIEW173
FIGURE 50WIPRO ENTERPRISES: COMPANY SNAPSHOT174
TABLE 124WIPRO ENTERPRISES: PRODUCT OFFERINGS174
13.2.10CATERPILLAR175
TABLE 125CATERPILLAR: BUSINESS OVERVIEW175
FIGURE 51CATERPILLAR: COMPANY SNAPSHOT176
TABLE 126CATERPILLAR: PRODUCT OFFERINGS176
TABLE 127CATERPILLAR: DEALS177
13.3OTHER KEY PLAYERS178
13.3.1ADVANCED HYDRAULICS, LLC178
13.3.2AGGRESSIVE HYDRAULICS, INC.179
13.3.3BAILEY INTERNATIONAL, LLC180
13.3.4HOLMATRO181
13.3.5PRINCE MANUFACTURING181
13.3.6KAPPA ENGINEERING182
13.3.7LEHIGH FLUID POWER, INC.182
13.3.8LIGON HYDRAULIC CYLINDER GROUP183
13.3.9MARREL183
13.3.10PACOMA GMBH184
13.3.11STANDEX INTERNATIONAL184
13.3.12TEXAS HYDRAULICS185
13.3.13VALARM185
13.3.14WEBER-HYDRAULIK186
13.3.15YUASA CO., LTD.186
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14ADJACENT & RELATED MARKETS187
14.1INTRODUCTION187
14.2LIMITATIONS187
14.3INDUSTRIAL VALVES MARKET, BY TYPE188
TABLE 128INDUSTRIAL VALVES MARKET, BY TYPE, 2017–2020 (USD BILLION)188
TABLE 129INDUSTRIAL VALVES MARKET, BY TYPE, 2021–2026 (USD BILLION)188
14.4BALL VALVES189
14.4.1BALL VALVES WOULD CONTINUE ACCOUNTING FOR LARGEST MARKET SIZE DURING FORECAST PERIOD189
TABLE 130BALL VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)190
TABLE 131BALL VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)190
14.4.1.1Trunnion-mounted ball valves191
14.4.1.2Floating ball valves191
14.4.1.3Rising stem ball valves191
14.5BUTTERFLY VALVES191
14.5.1BUTTERFLY VALVES ACCOUNT FOR MAJOR MARKET SHARE OWING TO THEIR RELIABLE FIELD OPERATIONS, TIGHT SHUT-OFF, AND PRECISE CONTROL191
TABLE 132BUTTERFLY VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)192
TABLE 133BUTTERFLY VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)192
14.5.1.1Zero-offset butterfly valves193
14.5.1.2Double-offset butterfly valves193
14.5.1.3Triple-offset butterfly valves193
14.6CHECK VALVES193
14.6.1CHECK VALVES ARE ADOPTED FOR APPLICATIONS REQUIRING UNIDIRECTIONAL FLOW CONTROL193
TABLE 134CHECK VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)194
TABLE 135CHECK VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)194
14.7DIAPHRAGM VALVES195
14.7.1DIAPHRAGM VALVES ARE ADOPTED IN PHARMACEUTICALS AND CHEMICALS INDUSTRIES TO AVOID CONTAMINATION195
TABLE 136DIAPHRAGM VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)195
TABLE 137DIAPHRAGM VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)196
14.8GATE VALVES196
14.8.1GATE VALVES ARE WIDELY ADOPTED FOR ON/OFF APPLICATIONS196
TABLE 138GATE VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)197
TABLE 139GATE VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)197
14.8.1.1Standard plate gate valves198
14.8.1.2Wedge-type gate valves198
14.8.1.3Knife gate valves198
14.9GLOBE VALVES198
14.9.1GLOBE VALVES TO HOLD SECOND-LARGEST MARKET SIZE BY 2026198
TABLE 140GLOBE VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)199
TABLE 141GLOBE VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)199
14.10PLUG VALVES200
14.10.1MARKET FOR PLUG VALVES TO WITNESS SUBSTANTIAL GROWTH IN NEXT FEW YEARS200
TABLE 142PLUG VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)200
TABLE 143PLUG VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)201
14.11SAFETY VALVES201
14.11.1SAFETY VALVES ARE ADOPTED IN OIL & GAS, ENERGY & POWER, AND CHEMICALS INDUSTRIES201
TABLE 144SAFETY VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)202
TABLE 145SAFETY VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)202
15APPENDIX203
15.1INSIGHTS OF INDUSTRY EXPERTS203
15.2DISCUSSION GUIDE204
15.3KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL207
15.4AVAILABLE CUSTOMIZATIONS209
15.5RELATED REPORTS209
15.6AUTHOR DETAILS210
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