Hydraulic Pump Market : Increasing Demand with Key Players Like Bosch Rexroth, Eaton Corporation, Danfoss Power Solutions, Parker Hannifin Corporation, Actutant Corporation, Bailey International

Global increase in construction activities, rising sales of automobiles along with their increasing usage in the mining industry, and surge in demand for renewable energy fuel the growth of the global hydraulic pump market. On the other hand, the high cost of maintenance checks the growth to some extent. Nevertheless, upgradation of existing machinery & equipment, an upturn in demand from emerging economies are expected to create lucrative opportunities for the key players in the industry.

According to the report published by Allied Market Research, the global hydraulic pump market garnered $7.89 billion in 2016 and is expected to hit at $10.40 billion by 2022, registering a CAGR of 4.7% from 2016 to 2022. The report provides a detailed analysis of top investment pockets, top-winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

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Market by application comprises mobile and industrial application. Sub-segments of the mobile application segment includes construction, agriculture, mining and others. In the year 2015, the mobile application segment occupied a major share of the overall market.

Key Findings of Hydraulic Pump Market:
o In the year 2015, Asia-Pacific was the highest revenue-generating region for hydraulic pumps, followed by North America
o Growth in LAMEA is likely to be supplemented by increasing usage of hydraulic pumps in mining and oil extraction activities
o Gear pumps are the most commonly used hydraulic pumps worldwide

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Asia-Pacific to remain lucrative during the forecast period-

Based on geography, the Asia-Pacific region generated the highest revenue in 2016, contributing to nearly two-fifths of the total market. The same region is also predicted to garner the fastest CAGR of 5.55 during 2016-2022.

Leading market players-

The key market players analyzed in the global hydraulic pump market report include Eaton Corporation Plc, Danfoss Power Solutions, Parker Hannifin Corporation, Hydac International, Bosch Rexroth Ltd., Toshiba Machine Co. Ltd., Bailey International LLC, Linde Hydraulics, Dynamatic Technologies Ltd., and Actutant Corporation, These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their stand in the industry.

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