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Global Hydraulic Fittings Market Size, Share & Forecast 2023

07-05-2023 01:09 PM CET | Industry, Real Estate & Construction

Press release from: Valuates Reports

Global Hydraulic Fittings Market Size, Share & Forecast 2023

The global Hydraulic Fittings market was valued at US$ 1453.9 million in 2022 and is anticipated to reach US$ 2110.1 million by 2029, witnessing a CAGR of 5.4% during the forecast period 2023-2029.

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Hydraulic fittings are parts used to connect hoses, pipes, and tubes in hydraulic systems. Hydraulic equipment generally operates under high pressures and is often not a fixed system. Consequently, hydraulic fittings need to be strong, versatile, and reliable to operate safely and effectively in their respective applications. These fittings typically adhere to strict standards which dictate fitting construction, dimensions, and pressure ratings.

The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

China is the largest Hydraulic Fittings market with about 30% market share. America is follower, accounting for about 27% market share.

The key players are Parker, Eaton, Swagelok, Manuli, Voss, Gates, Hy-Lok, ITT, Alfagomma, SMC, Brennan, Rastelli, Stucchi, Cast, Larga, Air-Way, Stronger, NBXHJ, Huadsr, XY, Perete, Laike etc. Top 3 companies occupied about 18% market share.

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Segment by Type
• Aluminum Hydraulic Fittings
• Brass Hydraulic Fittings
• Plastics Hydraulic Fittings
• Steel Hydraulic Fittings

Segment by Application
• Fittings Which Add or Change Direction
• Fittings Which Connect Pipes of Smaller Size
• Fittings Which Extend or Terminate Pipe Lengths
• Fittings Which Provide Special Connections or Functions

BY REGION
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

SIMILAR SEPORTS

https://reports.valuates.com/market-reports/QYRE-Auto-31W14558/global-socket-fittings

https://reports.valuates.com/market-reports/QYRE-Auto-15T14642/global-non-conductive-thermoplastic-hose

https://reports.valuates.com/market-reports/QYRE-Auto-33Z9747/global-hydraulic-fluid-connectors

https://reports.valuates.com/market-reports/QYRE-Auto-1G1333/global-hydraulic-hose-fittings

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