Fluid Power Equipment Market 2019 Development Strategy, Global Size, Share, Regional Trends, Growth Opportunities, Top Key Players Review and Rapid Growth by Forecast to 2024
Market Highlights
The fluid power equipment market is expected to reach USD 28.6 Billion by 2024 with a CAGR of 6.05% from 2019–2024.
Fluid power equipment are important components of any machining equipment and are responsible for the precision and efficiency of a machine. Any small defect can hamper the performance of an entire system. Hence, a wide range of materials are used in hydraulic and pneumatic equipment to minimize wear and provide optimum performance. The key fluid power equipment are pumps, motors, and valves.
Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/7935
Global Fluid Power Equipment Industry Segmentation:
The global fluid power equipment market has been segmented based on type, component, and application.
On the basis of type, the global market has been divided into hydraulics and pneumatics. In 2018, the hydraulics segment dominated the market owing to the extensive use of this equipment in construction, agriculture, automotive, and material handling applications. The type segment is further sub-segmented into mobile and industrial. The mobile segment is estimated to dominate the market during the forecast period due to the large-scale use of fluid power equipment in agriculture, mining, and construction industries.
On the basis of component, the global fluid power equipment market is segmented into pumps, motors, valves, cylinder, steel tube and compression fitting, accumulators, and accessories. The motors sub-segment is expected to dominate the market during the forecast period.
On the basis of application, the global market has been segmented into construction, automotive, oil & gas, food processing, packaging, semiconductor, and others. The construction sub-segment is expected to dominate the market during the forecast period.
Top Industry Players:
- Bosch Rexroth (Germany),
- Kent Fluid Power Ltd (US),
- Eaton Corporation Plc (Ireland),
- Fluid-Power Equipment, Inc. (US),
- Parker Hannifin (US),
- Sparrows Group (UK),
- Kawasaki (Japan),
- Fluid Systems, Inc. (US),
- HAWE (Germany),
- Bucker Hydraulics (Germany),
- Hydac (Germany),
- Daikin (Japan),
- Concentric (Sweden),
- Moog, Inc. (US),
- Casappa (Italy), and
- Related Fluid Power Ltd (UK).
Regional Outlook
The global fluid power equipment market has been segmented into regions, which are Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
Geographically, in 2018, Asia-Pacific held the largest market share of the global fluid power equipment market. The region is expected to be the fastest growing market during the forecast period, primarily due to the rising investment in construction activities in the emerging nations, such as India and China.
The market in North America is expected to hold the second-largest share of the market owing to the increasing demand for modernization of existing infrastructure. The US is likely to dominate the market in North America during the forecast period. The market in Europe is also expected to grow at a significant rate owing to rising requirement of fluid power equipment in the automotive industry.
The Middle East & Africa and South America are two of the key regions of the fluid power equipment market. Saudi Arabia and Brazil are the two countries which are expected to dominate the regions, respectively. The growth of the market in the Middle East & Africa is attributed to the rising use of hydraulic and pneumatic equipment in excavators, loaders, vacuum trucks, dump trucks, cranes, tractors, and other vehicles in the construction industry.
Intended Audience:
The intended audience of Global Fluid Power Equipment market are:
- Fluid power equipment manufacturers and distributors
- Power generation companies
- Environmental research institutes
- Manufacturing industry
- Construction sector
- Automotive
- Government and research organizations
- Consulting companies in the power sector
- Investors and shareholders
Access Full Fluid Power Equipment Market Report with Complete TOC @ https://www.marketresearchfuture.com/reports/fluid-power-equipment-market-7935
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/fluid-power-equipment-market-7935
