Hydraulic Equipment Market to 2027, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027

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.

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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.

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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

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Hydraulic Equipment Market– Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• AeroControlex Group Inc. (US)
• Anker-Holth USA
• Bucher Hydraulics GmbH (Germany)
• Caterpillar Inc. (US)
• Daikin Industries, Ltd. (Japan)
• Delta Power Co. (US)
• Emerson Electric Co. (US)
• Essem Engineers (India)
• HAWE Hydraulics Pvt. Ltd. (India)
• HYDAC Verwaltung GmbH (Germany)
• Ingersoll Rand, Inc. (US)
• KYB Corp. (Japan)
• Linde Hydraulics GmbH & Co. KG(Germany)
• Metro Hydraulic Jack Co. (US)
• Monnier Inc. (US)

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
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Company Name: Orion Market Research

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