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Global Hydraulic Equipment Market Size, Growth Analysis Report, Forecast to 2027
The global hydraulic equipment market is estimated to grow at a CAGR of 4.3% during the forecast period. Trend towards e-commerce sales have been witnessed in the market. For instance, in October 2020, Bosch Rexroth introduced a new e-commerce portal which is designed to offer the easiest access to opted authorized Bosch Rexroth products. This e-commerce portal named BuyRexroth.com offers the easiest access to selected Rexroth factory automation and hydraulic components. This platform features same-day shipping, user-friendly search options, and offers bought by credit card facility. This portal is intended to streamline the purchase of a comprehensive series of Rexroth components that are in-demand, which includes linear motion technology, mobile, and industrial hydraulics, and electric drives and controls products. It offers real-time inventory for instant purchase.(Get 15% Discount on Buying this Report)
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Some products that are available on the platform comprise fixed- and variable-displacement pumps and pressure- and directional control valves for industrial hydraulics applications. It includes a comprehensive range of hydraulic motors and axial piston pumps for mobile equipment and power supplies, servo drives, HMIs, I/O modules, and other electric drive and control products from the Automation and Electrification portfolio of Bosch Rexroth. The easier availability of hydraulic components at e-commerce websites will facilitate end-user industries to opt for better models and get several benefits.
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Scope of the Global Hydraulic Equipment Market
Market Coverage
Market number available for 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Type, Product, and End-User Industry
Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World
Competitive Landscape- Komatsu Ltd. Bosch Rexroth AG, Danfoss A/S, Kawasaki Heavy Industries, Ltd., and Parker-Hannifin Corp.
Recent Strategic Initiatives in the Global Hydraulic Equipment Market
In January 2020, Danfoss signed an agreement to acquire Eaton’s Hydraulics business for $3.3 billion. This acquisition is completely in line with the strategy of Danfoss to reinforce its core businesses and increase customer value. The combined business will be beneficial for both distributors and customers by providing industry-leading technology and a much comprehensive portfolio of hydraulic solutions.
In December 2019, Eaton Corp. launched four new hydraulics products for the Indian market, which includes Steering unit 5SQ, Eaton Spiral hose EC640, X70 closed-circuit piston, and plug-in motor, and Cast-Iron piston motor 743XX. These new products are designed to offer end-users and customers reliable, robust, and efficient management of power for applications that require higher pressure and operate under arduous conditions.
Global Hydraulic Equipment Market-Segmentation
By Type
Mobile Hydraulics
Industrial Hydraulics
By Product
Motors and Pumps
Valves
Cylinders
Others
By End-User Industry
Construction and Mining
Agriculture
Oil and Gas
Automotive
Aerospace and Defense
Others
Global Hydraulic Equipment Market– Segment by Region
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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