Hydraulic Equipment Market Industry Insights by Top Key Players and, Forecast 2027

Hydraulic equipment represents a pivotal category of machinery that harnesses the power of liquid fluids as their primary working medium. The operational principle revolves around the pumping of hydraulic liquid into the equipment, subsequently subjecting it to pressure to overcome resistance presented by cylinders and motors. Integral to this process are valves that intricately control the flow of liquids, guiding them through a network of pipes, hoses, or tubes. The simplicity, safety, and reliability of these hydraulic systems remain consistent even in scenarios of variable speed.

One of the significant factors propelling the global hydraulic equipment market is the escalating adoption of mechanized agricultural practices. As modern farming increasingly integrates advanced machinery, the demand for hydraulic equipment has surged, facilitating more efficient and productive farming operations. Simultaneously, the global trend towards industrialization has further fueled the growth of the hydraulic equipment market. Industries worldwide are recognizing the advantages of employing hydraulic systems for diverse applications, ranging from heavy machinery operations to precision engineering tasks.

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The global hydraulic equipment market size accounted for $40,518.6 million in 2019, and is expected to reach $51,653.1 million by 2027, registering a CAGR of 3.8% from 2020 to 2027. In 2019, Asia-Pacific dominated the global hydraulic equipment market, in terms of revenue, accounting about 35.7% share of the global hydraulic equipment industry, followed by North America and Europe.

The growth of the global hydraulic equipment market is driven by atomization of activities in agriculture, construction, mining, packaging, and other manufacturing industries, which fuel the demand for hydraulic equipment. Machines such as cranes, loaders, bulldozer, tractors, and harvester use motors, pumps, cylinders, and valves for their operations. However, electro-mechanical equipment are being preferred by some customers, as they are maintenance-free due to fluid and oil free operation.

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Top Players:
The key players analyzed in the global hydraulic equipment market are Daikin Industries Ltd., Danfoss A/S, Eaton, Emerson Electric Co., Kawasaki Heavy Industries Ltd., Komatsu Ltd., Parker-Hannifin Corp., Robert Bosch GmbH, Siemens AG, and Wipro Limited.

Key Market Segments -

By Application
• Mobile
• Industries

By End User
• Mining & Construction
• Agriculture & Mining
• Packaging
• Material Handling
• Other (petrochemical, machine tools, automotive, paper, plastic, rubber and printing)

By Product
• Pumps
• Motors
• Valves
• Cylinders

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