Hydraulic Equipment Market Size 2024: Global Share, Industry And Report Analysis By 2031 | WIKA Instruments India Pvt. Ltd. Yokogawa Electric Corp.

The global hydraulic equipment market is estimated to grow at a CAGR of 4.3% during the forecast period. The market was valued at nearly $44.1 billion in 2019, which is estimated to reach nearly $59.3 billion in 2026. Some pivotal factors encouraging the market growth include the rising construction and mining activities and expansion of oil and gas operations. As per the US Geological Survey (USGS), in 2019, the US mines produced nearly $86.3 billion in minerals in 2019, which is more than $2 billion higher compared to revised 2018 production totals. The materials that can be extracted from the seabed comprise mineral sands (ilmenite, rutile, zircon), gold, tin (cassiterite), aluminum (bauxite+ e), diamond deposits, and rocks salts.

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Hydraulic systems are extensively utilized all over the mining industry across several applications. These systems are one of the most important elements that are associated with each mining niche. Mining activities need large amounts of power from hydraulic systems for the extraction of valuable minerals or other materials from the earth. Several kinds of hydraulic equipment used in the mining industry include draglines, wheel dozers, electric rope shovels, conveyors, hybrid shovels, blasthole drills, mobile mining crushers, and more. Hydraulic equipment is easy, economical, and safe as they utilize fewer moving parts than electrical and mechanical systems, which makes these systems easier to maintain.

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

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
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global hydraulic equipment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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