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Pulished Date April, 2021
ID: 10152
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Global Hydraulic Components Market Segmentation By product type (Hydraulic Pump, Hydraulic Motor, Valve, Cylinder, and others) and Region - Industry Forecast | 2021 to 2026

Pulished: April, 2021
ID: 10152
Pages: 175

Hydraulic Components Market Value and Growth Analysis:

The global hydraulic components market was estimated at USD 62.7 billion in 2021, and it is expected to reach a revised size of USD 78.4 billion by 2026, with compound annual growth of 3.3% over the foreseen period of 2021-2026.

Hydraulic components contain highly pressurized fluid. These are some of the limitations of the hydraulic components market. These components should be checked periodically for leaks and lubrication, and filters should be changed regularly. A hydraulic cylinder is a mechanical actuator that produces linear motion and unidirectional force using hydraulic fluid under pressure. Converts the energy reserved in hydraulic fluid into force, allowing linear movement of the cylinder. Hydraulics is a branch of applied science and latest technology that uses chemistry, engineering, and other sciences that entail mechanical properties and the use of liquids. Hydraulics are used for transmission and power generation with the use of fluids under pressure. Hydraulic components cover parts of science and most of the engineering building blocks.

Hydraulic Components Recent Developments in Industry:

  • Interpump Group has introduced its latest brand Interpump Hydraulic Connectors to provide hose and connector goods to the North American industry. This recent introduction expands the firm’s offering beyond Europe, into the North American industry, where the firm has served as a producer of high-quality hoses and connectors for close to 30 years.
  • MICO, Incorporated launched a new website. The site shows simplified navigation for visitors looking for hydraulic braking systems and components for a broad range of uses. 

Hydraulic Components Market Drivers

The increasing demand for food products in the world is a key factor which is expected to lead to increased use of agricultural machinery during the forecast period. Safety and improving machine performance are the most important steps in the design and development phase. The most critical aspect of machine safety and integration is not integration, but the proper handling of all kinds of shutdowns and restarts, creating the need for properly designed programs, including hydraulic systems that help restart the machine back to a predetermined safety position and resume the automatic cycle with minimal operator intervention. Hydraulic components can be used safely even in the chemical and mining industries, as they do not cause sparks. Hence, the need to improve the safety and operation of machinery is expected to drive the expansion of the global hydraulic components market during the outlook period.

Restraints:

Ill-thought out lockdowns being imposed by governments on the basis of ground situation that differs from place to place have their own negative effect on industrial activity, to which the hydraulic components fragment is also susceptible.

Opportunities:

The factors driving the demand for hydraulic components are the increasing call for hydraulic equipment in the construction industry and its increasing use in mining equipment. Hydraulic components are required on a massive scale in wheel loaders, telehandlers, concrete boom trucks and excavators, among others. These requirements should encourage the installation of hydraulic equipment on construction sites. Several features and benefits associated with hydraulic components make them the preferred choice for various end applications. With the rapid adoption of the Industrial Internet of Things (IIoT), hydraulic technology is gaining in importance and becoming more and more functional and commercial with its capabilities of transmitting power using the pressure of fluid in a system sealed.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2021

Base Year

2020

Forecast Period

2021 - 2026

CAGR

3.3%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Eaton Corp. (US), Parker-Hannifin Corporation (US), Caterpillar, Inc. (US), Bosch Rexroth AG (Germany), Pacoma GmbH (Germany), Hydratech Industries (Denmark), and Wipro Enterprises (India),

Hydraulic Components Market

Hydraulic Components Market Segmentation:

By Product Type:

  • Hydraulic Pump
  • Hydraulic Motor
  • Valve
  • Cylinder
  • Others

Hydraulic pumps are used to move or lift fluids. They have a piston that moves in a tight cylinder and forces are exerted on the fluid by the movement of the piston. The valve is a device that regulates or controls the flow of fluid to open, close, or partially obstruct fluid passages. The hydraulic components market is used in industries such as oil and gas, marine and aerospace.

Hydraulic Components Regional Analysis:

  • North America Hydraulic Components Industry includes U.S, Canada.

  • Europe Hydraulic Components Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

  • Asia Pacific Hydraulic Components Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

  • Latin America Hydraulic Components Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

  • Middle East & Africa Hydraulic Components Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

In terms of region, Asia-Pacific countries such as India, China and Japan lead the market in terms of the manufacture and use of the hydraulic components. The demand for these components is increasing in the region due to rapid industrialization and urbanization. The manufacturing and industrial sectors are developing at a rapid pace in India. This stimulates the market for hydraulic components in the country. The expansion of the construction industry, increased sales of construction equipment containing hydraulic components, and increased investment to develop intelligent machine tools are expected to boost the hydraulic components market in the near future. European countries such as Germany, the United Kingdom, the Netherlands and France are investing in aerospace manufacturing and construction. North America continues to be an emerging market due to investments made in the manufacturing sector. The United States government is considering renewing its infrastructure plans. The call for the hydraulic components market will focus on improving energy efficient hydraulics, increasing R&D activities in formulating innovative hydraulic fluids and advancing electro-hydraulic automation. The market in the Middle East and Africa is expected to grow in the coming years due to the recovery from the economic downturn. Countries such as Saudi Arabia, United Arab Emirates, Kuwait and Qatar have invested heavily in the hydraulic components market.

Hydraulic Components Market Key Players:

The Prominent Players in the Global Hydraulic Components Market are Eaton Corp. (US), Parker-Hannifin Corporation (US), Caterpillar, Inc. (US), Bosch Rexroth AG (Germany), Pacoma GmbH (Germany), Hydratech Industries (Denmark), and Wipro Enterprises (India), among others.

 

1. Introduction                             

              1.1 Market Definition                  

              1.2 Scope of the report               

              1.3 Study Assumptions               

              1.4 Base Currency, Base Year and Forecast Periods                       

2. Research Methodology                                       

              2.1 Analysis Design                      

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling    

                             2.2.4 Expert Validation 

              2.3 Study Timeline                       

3. Report Overview                                    

              3.1 Executive Summary              

              3.2 Key Inferencees                     

4. Market Dynamics                                   

              4.1 Impact Analysis                      

                             4.1.1 Drivers     

                             4.1.2 Restaints 

                             4.1.3 Opportunities       

              4.2 Regulatory Environment                    

              4.3 Technology Timeline & Recent Trends                         

5. Competitor Benchmarking Analysis                                

              5.1 Key Player Benchmarking                   

                             5.1.1 Market share analysis       

                             5.1.2 Products/Service  

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape                   

              5.3 Joint Ventures & Collaborations                     

6. Market Segmentation                                          

              6.1 Hydraulic Components Market, By Product Type                    

                             6.1.1 Hydraulic Pump   

                             6.1.2 Hydraulic Motor  

                             6.1.3 Valve        

                             6.1.4 Cylinder   

                             6.1.5 Market Size Estimations & Forecasts (2019-2024) 

                             6.1.6 Y-o-Y Growth Rate Analysis            

                             6.1.7 Market Attractiveness Index          

7. Geographical Landscape                                     

              7.1 Global Identity Governance and Administration Market, by Region                            

              7.2 North America - Market Analysis (2018 - 2024)                        

                             7.2.1 By Country            

                                           7.2.1.1 USA

                                           7.2.1.2 Canada

                             7.2.2 By Product Type   

              7.3 Europe                      

                             7.3.1 By Country            

                                           7.3.1.1 UK

                                           7.3.1.2 France

                                           7.3.1.3 Germany

                                           7.3.1.4 Spain

                                           7.3.1.5 Italy

                                           7.3.1.6 Rest of Europe

                             7.3.2 By Product Type   

              7.4 Asia Pacific                

                             7.4.1 By Country            

                                           7.4.1.1 China

                                           7.4.1.2 India

                                           7.4.1.3 Japan

                                           7.4.1.4 South Korea

                                           7.4.1.5 South East Asia

                                           7.4.1.6 Australia & NZ

                                           7.4.1.7 Rest of Asia-Pacific

                             7.4.2 By Product Type   

              7.5 Latin America                         

                             7.5.1 By Country            

                                           7.5.1.1 Brazil

                                           7.5.1.2 Argentina

                                           7.5.1.3 Mexico

                                           7.5.1.4 Rest of Latin America

                             7.5.2 By Product Type   

              7.6 Middle East and Africa                       

                             7.6.1 By Country            

                                           7.6.1.1 Middle East

                                           7.6.1.2 Africa

                             7.6.2 By Product Type   

8. Key Player Analysis                                

              8.1 Eaton Corp               

                             8.1.1 Business Description         

                             8.1.2 Products/Service  

                             8.1.3 Financials

                             8.1.4 SWOT Analysis     

                             8.1.5 Recent Developments       

                             8.1.6 Analyst Overview 

              8.2 Parker-Hannifin Corporation                           

              8.3 Caterpillar, Inc                       

              8.4 Bosch Rexroth AG                 

              8.5 Pacoma GmbH                       

              8.6 Hydratech Industries                          

              8.7 Wipro Enterprises                 

9. Market Outlook & Investment Opportunities                             

Appendix                                       

              List of Tables                   

              List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By application, and along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Hydraulic Components Market By Region, From 2021-2026 ( USD Billion )

  2. Global Hydraulic Components Market By Product Type, From 2021-2026 ( USD Billion )

  3. Global Hydraulic Pump Market By Region, From 2021-2026 ( USD Billion )

  4. Global Hydraulic Motor Market By Region, From 2021-2026 ( USD Billion )

  5. Global Valve Market By Region, From 2021-2026 ( USD Billion )

  6. Global Cylinder Market By Region, From 2021-2026 ( USD Billion )

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