Press release
Fluid Power Equipment Market Trends, Top Companies, Share, Growth And Forecast 2033
Fluid Power Equipment Market
The Business Research Company offers in-depth market insights through Fluid Power Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The fluid power equipment market size has grown strongly in recent years. It will grow from $30.39 billion in 2023 to $32.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to expansion of construction and infrastructure projects, automotive industry applications, mining and material handling equipment demand, energy sector utilization, aerospace and defense applications.
The fluid power equipment market size is expected to see strong growth in the next few years. It will grow to $44.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to rise in renewable energy projects, focus on energy efficiency, expansion of e-commerce and logistics, increased adoption of electric and hybrid vehicles, infrastructure development in emerging markets. Major trends in the forecast period include integration of industry 4.0 technologies, advancements in hydraulic technology, focus on energy-efficient solutions, advancements in hydraulic fluid, emphasis on condition monitoring and predictive maintenance.
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Market Segmentation:
The fluid power equipment market covered in this report is segmented -
1) By Type: Hydraulic, Pneumatic
2) By Product Types: Pumps, Motors, Valves, Cylinders, Accumulators And Filters, Other Product Types
3) By Application: Construction, Automotive, Oil And Gas, Food Processing, Packaging, Semiconductor, Other Applications
Major Driver - Fluid Power Equipment Market Surges With Food And Beverage Demand
An increase in demand from the food and beverage industry is significantly contributing to the growth of the fluid power equipment market going forward. The food and beverage industry includes companies that are involved in the processing, packaging, and distribution of food materials and alcoholic and non-alcoholic beverages. Fluid power equipment is used in the food and beverage industry for processing, moving ingredients, and final packaging. For instance, in November 2023, according to the USDA Economic Research Service, a US-based federal agency, in 2022, food expenditures constituted 12.8 percent of spending for U.S. households, marking a rise from the 12.4 percent recorded in 2021. Therefore, an increase in demand from the food and beverage industries is driving the growth of the fluid power equipment market.
Competitive Landscape:
Major companies operating in the fluid power equipment market report are Hengli America Inc., Eaton Corporation plc, Parker Hannifin Corporation, Kawasaki Heavy Industries Ltd., Atos S.p.A., Dover Corporation, Bosch Rexroth AG, Alfa Laval, Festo SE & Co. KG, Flowserve Corporation, Crane Holdings, Hydac GmbH, Graco Inc., Colfax Ltd., Helios Technologies Inc., Christian Bürkert GmbH and Co, Circor International, Moog Inc., Sparrows Offshore Group Limited, Bucher Hydraulics GmbH, Oilgear Company, Casappa S.p.A, Duplomatic Motion Solutions S.p.A., Hawe Hydraulik SE, Fluid Systems Inc., Daikin Industries Ltd., Daman Products Co. Inc., Fluid-Power Equipment Inc., Applied Fluid Power, Hydraulics International Inc., BVA Hydraulics
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Top Trend - Fluidity In Brand Innovations Shaping Major Companies In The Field Power Equipment Sector
Major companies operating in the fluid power equipment market are focused on developing innovative solutions, such as fluid power business brands. A fluid power business brand refers to the unique identity, image, and representation of a company operating in the fluid power industry. For instance, in June 2022, Motion Industries Inc., a US-based industrial parts distributor company, launched the 'Mi Fluid Power Solutions (Mi FPS)'. The brand serves as a comprehensive provider of fluid power, integrated electronic controls, and electro-mechanical technologies catering to both industrial and mobile equipment. The primary areas of emphasis for the brand include hydraulics, pneumatics, lubrication, filtration, process pumps, precision industrial tooling, and products for factory automation.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Fluid Power Equipment Market Characteristics
3. Fluid Power Equipment Market Trends And Strategies
4. Fluid Power Equipment Market - Macro Economic Scenario
5. Fluid Power Equipment Market Size And Growth
…..
27. Fluid Power Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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