Germany hydraulic equipment market is estimated to grow at a CAGR of 4.5% during the forecast period. Expansion of automobile production and significant aerospace and defense industry are some factors accelerating the market growth. As per the US Department of Commerce, in Europe, Germany has the third-largest aerospace & defense market, valued at $47.2 billion in 2018. This, in turn, is driving the demand for hydraulic equipment in the country. In the aerospace and defense sector, certain places where hydraulics plays a crucial role in modern aircraft include thrust reversers, primary flight controls, flap/slat drives, emergency hydraulic-driven electrical generators, rudders, landing gear, cargo doors, nose wheel steering, and spoilers. Hydraulics are also used in military aircraft on gun drives, hydraulic-motor-driven-fan heat exchangers, and weapons-bay doors. Hydraulic systems provide several benefits as power sources for operating several aircraft units. It incorporates the benefits of ease of inspection, lightweight, ease of installation, and fewer maintenance requirements. 

The market is segmented based on type, product, and end-user industry. Based on type, the market is classified into mobile hydraulics and industrial hydraulics. Based on the product, the market is classified into motors and pumps, valves, cylinders, and others. Based on the end-user industry, the market is classified into construction and mining, agriculture, oil and gas, automotive, aerospace and defense, and others. Expansion of automobile production is expected to further accelerate market growth. A significant presence of major automobile companies such as Volkswagen Group and Audi AG is supporting to accelerate the market growth. Hydraulic equipment is suitable for application in suspension, braking, and power steering systems in the automobile industry. One of the essential uses of hydraulics in motor vehicles is advanced braking systems. Hydraulically operated brakes are highly responsive and implement very quickly than electric brakes.

Some key players in the market include Bosch Rexroth AG, Danfoss A/S, Kawasaki Heavy Industries, Ltd., and Bucher Hydraulics GmbH. The market players are using some key strategies to increase their market share. For instance, in October 2020, Bosch Rexroth introduced a new e-commerce portal which is designed to offer the easiest access to opted authorized Bosch Rexroth products. This e-commerce portal named BuyRexroth.com offers the easiest access to selected Rexroth factory automation and hydraulic components. This platform features same-day shipping, user-friendly search options, and offers bought by credit card facility.

Research Methodology

The market study of the Germany 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

1. Germany Hydraulic Equipment Market Research and Analysis by Type
2. Germany Hydraulic Equipment Market Research and Analysis by Product
3. Germany Hydraulic Equipment Market Research and Analysis by End-User Industry

The Report Covers

• Comprehensive research methodology of the Germany 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 Germany hydraulic equipment market.
• Insights about market determinants which are stimulating the Germany hydraulic equipment market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.