Asia-Pacific Hydraulic Equipment Market
Asia-Pacific Hydraulic Equipment Market Size, Share & Trends Analysis Report, By Type (Mobile Hydraulics and Industrial Hydraulics), By Product (Motors and Pumps, Valves, Cylinders, and Others), By End-User Industry (Construction and Mining, Agriculture, Oil and Gas, Automotive, Aerospace and Defense, and Others) and Forecast, 2020-2026 Update Available - Forecast 2024-2030
Asia-Pacific hydraulic equipment market is estimated to grow at a CAGR of nearly 5.2% during the forecast period. The market was valued at nearly $16.3 billion in 2019, which is estimated to reach at nearly $23.2 billion in 2026. Some pivotal factors accelerating the market growth include a significant rise in construction and mining industry and expansion of oil and gas operations. In October 2019, the National Development and Reform Commission (NDRC), China approved 21 infrastructure projects, which were valued at a minimum of $107.8 billion. A sharp rise in the approval of infrastructure project signifies larger infrastructure spending in the future, supporting to stabilize China’s economy. A large number of equipment found on construction sites globally is driven by hydraulic power. This comprises hydraulic final drive motors that are used for converting hydraulic power to torque to support diggers, track loaders, backhoes, and bulldozers, to push or carry heavy loads. Hydraulic wheel motors are also vital for wheeled machines, including wheeled excavators, backhoes, skid steer loaders, and even forklifts.
Based on the country, the market is segmented into China, India, Japan, and Rest of Asia-Pacific. China hydraulic equipment market is significantly driven by the expansion of automotive and oil and gas industry. In addition, the expansion of hydraulic equipment facility has been witnessed in the country. For instance, in January 2020, Linde Hydraulics GmbH & Co. KG opened its new manufacturing plant in Weifang, China that has the capacity to manufacture 100,000 units annually. 80% of the manufacturing capacity will be dedicated to motors and pumps and 20% for valve technology. The units manufactured in the plant will enable the company to quickly supply the Asian market with a highly customer-oriented focus and can offer more localized units with market-oriented prices.
Some key players in the market include Bosch Rexroth AG, Danfoss A/S, Linde Hydraulics GmbH & Co. KG, Daikin Industries, Ltd., and Kawasaki Heavy Industries, Ltd. The market players are using some key strategies to increase their market share. For instance, in February 2019, Kawasaki Heavy Industries, Ltd. declared that a new plant had been completed at Wipro Kawasaki Precision Machinery Pvt Ltd., which produces, sells, and offers after-sales services for hydraulic equipment for the construction industry in India. Owing to the emerging demand for hydraulic excavators in India, the company decided to build this plant in Bengaluru, along with a current plant in the same city. The strategy reflects the company’s commitment to fulfil the demand for hydraulic equipment utilized by local construction machinery manufacturers, and to generate new demand.
Research Methodology
The market study of the Asia-Pacific hydraulic equipment market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Asia-Pacific Hydraulic Equipment Market Research and Analysis by Type
- Asia-Pacific Hydraulic Equipment Market Research and Analysis by Product
- Asia-Pacific Hydraulic Equipment Market Research and Analysis by End-User Industry
The Report Covers
- Comprehensive research methodology of the Asia-Pacific hydraulic equipment market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific hydraulic equipment market.
- Insights about market determinants which are stimulating the Asia-Pacific hydraulic equipment market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Country
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Asia-Pacific Hydraulic Equipment Market by Type
5.1.1. Mobile Hydraulics
5.1.2. Industrial Hydraulics
5.2. Asia-Pacific Hydraulic Equipment Market by Product
5.2.1. Motors and Pumps
5.2.2. Valves
5.2.3. Cylinders
5.2.4. Others
5.3. Asia-Pacific Hydraulic Equipment Market by End-User Industry
5.3.1. Construction and Mining
5.3.2. Agriculture
5.3.3. Oil and Gas
5.3.4. Automotive
5.3.5. Aerospace and Defense
5.3.6. Others
6. Country Analysis
6.1. China
6.2. India
6.3. Japan
6.4. Rest of Asia-Pacific
7. Company Profiles
7.1. Bosch Rexroth AG
7.2. Daikin Industries, Ltd.
7.3. Danfoss A/S
7.4. Essem Engineers
7.5. HAWE Hydraulics Pvt. Ltd.
7.6. Kawasaki Heavy Industries, Ltd.
7.7. Komatsu Ltd.
7.8. KYB Corp.
7.9. Parker-Hannifin Corp.
7.10. Shimadzu Corp.
1. ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
2. ASIA-PACIFIC MOBILE HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
3. ASIA-PACIFIC INDUSTRIAL HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
4. ASIA-PACIFIC HYDRAULIC EQUIPMENT RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
5. ASIA-PACIFIC HYDRAULIC MOTORS AND PUMPS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
6. ASIA-PACIFIC HYDRAULIC VALVES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
7. ASIA-PACIFIC HYDRAULIC CYLINDERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
8. ASIA-PACIFIC OTHER HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
9. ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2019-2026 ($ MILLION)
10. ASIA-PACIFIC HYDRAULIC EQUIPMENT IN CONSTRUCTION AND MINING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
11. ASIA-PACIFIC HYDRAULIC EQUIPMENT IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
12. ASIA-PACIFIC HYDRAULIC EQUIPMENT IN OIL AND GAS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
13. ASIA-PACIFIC HYDRAULIC EQUIPMENT IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
14. ASIA-PACIFIC HYDRAULIC EQUIPMENT IN AEROSPACE AND DEFENSE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
15. ASIA-PACIFIC HYDRAULIC EQUIPMENT IN OTHER END-USER INDUSTRIES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
16. ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
17. CHINA HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
18. CHINA HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
19. CHINA HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2019-2026 ($ MILLION)
20. INDIA HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
21. INDIA HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
22. INDIA HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2019-2026 ($ MILLION)
23. JAPAN HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
24. JAPAN HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
25. JAPAN HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2019-2026 ($ MILLION)
26. REST OF ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
27. REST OF ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
28. REST OF ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2019-2026 ($ MILLION)
1. ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET SHARE BY TYPE, 2019 VS 2026 (%)
2. ASIA-PACIFIC MOBILE HYDRAULIC EQUIPMENT MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
3. ASIA-PACIFIC INDUSTRIAL HYDRAULIC EQUIPMENT MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
4. ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET SHARE BY PRODUCT, 2019 VS 2026 (%)
5. ASIA-PACIFIC HYDRAULIC MOTORS AND PUMPS MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
6. ASIA-PACIFIC HYDRAULIC VALVES MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
7. ASIA-PACIFIC HYDRAULIC CYLINDERS MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
8. ASIA-PACIFIC OTHER HYDRAULIC EQUIPMENT MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
9. ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET SHARE BY END-USER INDUSTRY, 2019 VS 2026 (%)
10. ASIA-PACIFIC HYDRAULIC EQUIPMENT IN CONSTRUCTION AND MINING MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
11. ASIA-PACIFIC HYDRAULIC EQUIPMENT IN AGRICULTURE MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
12. ASIA-PACIFIC HYDRAULIC EQUIPMENT IN OIL AND GAS MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
13. ASIA-PACIFIC HYDRAULIC EQUIPMENT IN AUTOMOTIVE MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
14. ASIA-PACIFIC HYDRAULIC EQUIPMENT IN AEROSPACE AND DEFENSEMARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
15. ASIA-PACIFIC HYDRAULIC EQUIPMENT IN OTHER END-USER INDUSTRIES MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
16. ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
17. CHINA HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
18. INDIA HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
19. JAPAN HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
20. REST OF ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
