Hydraulic Equipment Market
Global 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
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.
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.
This equipment is safe to use in mines and chemical plants as it does not cause sparks. Some brands that offer hydraulic equipment for mining applications include Bucher Hydraulics, Milwaukee Cylinder, Stauff, Dellner Brakes, and Svendborg Brakes. Bucher Hydraulics offers Proportional Directional Valves MV that is used to offer load-independent speed control of cylinders and motors. The advantages of these hydraulic valves include primary pressure relief for each actuator, individual matching of flow rates, monoblock construction, up to 4 actuator sections, adaptable building-block system, and inlet hydrostat (3-way compensator). It is suitable for applications in construction machines, mining, offshore, municipal equipment, and offshore.
Market Segmentation
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.
Mobile Hydraulics to Witness Significant Growth During the Forecast Period
Mobile hydraulic equipment is used in agriculture and forestry machinery. This equipment is especially effective where high output power along with minimum weight is required. Mobile hydraulic systems have high power density along with low space requirements. The demand for improved ergonomics, more safety, and improved comfort in mobile hydraulics can be relatively easier through compact accumulator systems. Owing to the change in energy prices and climate change, emerging demand for the ecological and economic operation of mobile work equipment has been witnessed over the years.
Advanced sensors have been launched to support end-users and manufacturers of mobile hydraulics to improve operating performance for the long term while minimizing entire life cycle costs. Such sensors are extremely lightweight and compact that use reliable technology and are developed to fulfill the profitability and productivity requirements of the mobile sector. The feature of the sensors makes them appropriate in several diverse applications, ranging from construction and forestry, to lift trucks, to buses and commercial vehicles.
Global Hydraulic Equipment Market Share by Type, 2019 (%)
Regional Outlook
Geographically, the market is segmented based on North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific hydraulic equipment market is significantly driven by the rising mining and construction industry. 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.
Global Hydraulic Equipment Market Growth, by Region 2020-2026
Market Players Outlook
Some key players operating in the market include Komatsu Ltd., Bosch Rexroth AG, Danfoss A/S, Kawasaki Heavy Industries, Ltd., and Parker-Hannifin Corp. The market players are using some key strategies to increase their market share. For instance, in January 2020, Danfoss signed an agreement to acquire Eaton’s Hydraulics business for $3.3 billion. This acquisition is completely in line with the strategy of Danfoss to reinforce its core businesses and increase customer value. The combined business will be beneficial for both distributors and customers by providing industry-leading technology and a much comprehensive portfolio of hydraulic solutions.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ 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.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders
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. Bosch Rexroth AG(Germany)
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Danfoss A/S (Denmark)
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Kawasaki Heavy Industries, Ltd. (Japan)
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Parker-Hannifin Corp. (US)
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Komatsu Ltd. (Japan)
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.3 Opportunities
5. Market Segmentation
5.1. Global Hydraulic Equipment Market by Type
5.1.1. Mobile Hydraulics
5.1.2. Industrial Hydraulics
5.2. Global 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. Global 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. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. AeroControlex Group Inc. (US)
7.2. Anker-Holth USA
7.3. Bucher Hydraulics GmbH (Germany)
7.4. Caterpillar Inc. (US)
7.5. Daikin Industries, Ltd. (Japan)
7.6. Delta Power Co. (US)
7.7. Emerson Electric Co. (US)
7.8. Essem Engineers (India)
7.9. HAWE Hydraulics Pvt. Ltd. (India)
7.10. HYDAC Verwaltung GmbH (Germany)
7.11. Ingersoll Rand, Inc. (US)
7.12. KYB Corp. (Japan)
7.13. Linde Hydraulics GmbH & Co. KG(Germany)
7.14. Metro Hydraulic Jack Co. (US)
7.15. Monnier Inc. (US)
7.16. Poclain Hydraulics SA (France)
7.17. Rheintacho Messtechnik GmbH(Germany)
7.18. Weber-Hydraulik GmbH(Germany)
1. GLOBAL HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
2. GLOBAL MOBILE HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL INDUSTRIAL HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
5. GLOBAL HYDRAULIC MOTORS AND PUMPS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL HYDRAULIC VALVES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL HYDRAULIC CYLINDERS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL OTHER HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2019-2026 ($ MILLION)
10. GLOBAL HYDRAULIC EQUIPMENT IN CONSTRUCTION AND MINING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL HYDRAULIC EQUIPMENT IN AGRICULTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL HYDRAULIC EQUIPMENT IN OIL AND GAS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL HYDRAULIC EQUIPMENT IN AUTOMOTIVEMARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL HYDRAULIC EQUIPMENT IN AEROSPACE AND DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
15. GLOBAL HYDRAULIC EQUIPMENT IN OTHER END-USER INDUSTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
16. GLOBAL HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
17. NORTH AMERICAN HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
18. NORTH AMERICAN HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
19. NORTH AMERICAN HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
20. NORTH AMERICAN HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2019-2026 ($ MILLION)
21. EUROPEAN HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
22. EUROPEAN HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
23. EUROPEAN HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
24. EUROPEAN HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2019-2026 ($ MILLION)
25. ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
26. ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
27. ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
28. ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2019-2026 ($ MILLION)
29. REST OF THE WORLD HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
30. REST OF THE WORLD HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
31. REST OF THE WORLD HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2019-2026 ($ MILLION)
1. GLOBAL HYDRAULIC EQUIPMENT MARKET SHARE BY TYPE, 2019 VS 2026 (%)
2. GLOBAL HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
3. GLOBAL HYDRAULIC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2019-2026 ($ MILLION)
4. GLOBAL HYDRAULIC EQUIPMENT MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. US HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
6. CANADA HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
7. UK HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
8. FRANCE HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
9. GERMANY HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
10. ITALY HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
11. SPAIN HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
12. ROE HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
13. INDIA HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
14. CHINA HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
15. JAPAN HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF ASIA-PACIFIC HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
17. REST OF THE WORLD HYDRAULIC EQUIPMENT MARKET SIZE, 2019-2026 ($ MILLION)
