Hydraulic Tools Market Size will grow at a Robust Pace through 2026 | Atlas Copco AB, SPX Flow, Textron Inc., IDEX Corporation, HTL Worldwide Ltd.

Allied Market Research published a new report, titled, "Hydraulic Tools Market by Type (Hydraulic Cylinder and Jack, Hydraulic Rescue Tools, Tension and Torque Tools, and Others), and End-User (Industrial Manufacturing, Oil & Gas, and Petrochemical, Utility, Railway, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026"

The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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Global hydraulic tools market size was valued at $1,567.6 million in 2018, and is projected to reach $2,347.0 million by 2026, growing at a CAGR of 5.9% from 2019 to 2026. The growth of the global market is driven by rise in the material handling equipment industry. Increase in new technologies such as SGH wire-actuated encoders, which measure the cylinder stroke in the hydraulic cylinder, boost the demand for hydraulic tools across the globe.

North America serves as the most productive region as compared to others with diverse industry verticals significantly investing for business expansion, and growth in the power and construction sector is anticipated to boost the demand for hydraulic tools.

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In 2018, North America dominated the global hydraulic tools market, in terms of revenue, accounting for around 36.4% share of the global market, followed by Europe. The economy of Europe has grown over the past couple of years, which in turn boosts the growth of the construction industry. This in turn is expected to fuel the growth of the market.

In terms of end user, the industrial manufacturing segment secured the highest share in the market in 2018, and is expected to grow at a CAGR of 5.6% during the forecast period owing to increase in the manufacturing sector around the globe. These factors are expected to provide lucrative growth opportunities to market players in developing economies.

The key players profiled in the report include Actuant Corporation, Atlas Copco AB, SPX Flow, Kudos Mechanical Co., Ltd., Textron Inc., IDEX Corporation, HTL Worldwide Ltd., Shinn Fu, Hi-Force, and Cembre Inc.

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Key Benefits:
1. The report provides a qualitative and quantitative analysis of the current hydraulic tools market trends, forecasts, and market size from 2019 to 2026 to determine new opportunities.
2. Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
3. Top impacting factors & major investment pockets are highlighted in the research.
4. The major countries in each region are analyzed and their revenue contribution is mentioned.
5. The market player positioning segment provides an understanding of the current position of the market players active in the hydraulic tools industry.

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