Hydraulic Tools Market Demand & Competitive Analysis by Leading Players - 2026 | Atlas Copco AB, SPX Flow, Textron Inc., IDEX Corporation, HTL Worldwide Ltd.

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.

By type, the hydraulic cylinder and jack segment has accounted for the largest share in the global hydraulic tools market share in 2018 and the tension and torque tools segment is expected to witness significant growth during the forecast period, owing to technical innovations and deployment in the power and oil & gas industry. Companies such as Eaton Plc., Römheld GmbH, Mapro d.o.o., and others, are developing reliable and highly efficient double-acting hydraulic cylinders, which propel their demand, thus driving the growth of the market. For instance, Eaton Plc. offers a new hydro-electric cylinder with a valve integration system. It is a high-performance industrial cylinder, which provides a cost-effective and unique solution to the problem of classical systems. Moreover, current demand for material handling equipment accompanied by measures heading for expansion of the existing construction equipment market are expected to positively impact the growth of the industry.

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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 offerings of the report:

1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region helps market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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