Positive Momentum in Automotive, Aerospace & Defense and Construction Activity to Drive Global Market for Hydraulic Components to Reach $83 Billion by 2027 - Market Report (2022-2027) by Industry Experts, Inc.

Saturday 01 Oct 2022

Industry Experts, Inc. published an updated 2022 version of the market research report on Hydraulic Components. The new version of this report includes the analysis of impact and recovery of COVID-19 on the global Hydraulic Components market. Asia-Pacific and South America are expected to grow relatively faster while developed regions such as North America and Europe are projected to witness the slower growth during the same analysis period.

The aftereffects of COVID-19 continue to linger even now, with some global regions reporting a sudden spurt in the number of new cases owing to newer and unspecified variants. Hydraulic Components are used in a variety of industrial areas, several of which witnessed a decline in activity during the pandemic period, thereby adversely impacting demand for them. However, a look at the market figures for Hydraulic Components between the worst years of 2019 to 2021 put forth a picture of cautious optimism, as, compared to other sectors, declines in terms of region, product type and application have not been too steep. This trend is likely to continue and growth would turn positive by the end of 2022, provided (and this is a big provided) the global economy is not again shattered by a blow in terms of another devastating wave labeled as COVID-22.

Cylinders account for the largest share of the global Hydraulic Components market, estimated at about 35% in 2022, which is expected to maintain a 2022-2027 CAGR of 4.5% in reaching a projected US$29 billion by 2027 while Hydraulic Power Units, however, is likely to record the fastest similar period CAGR of 5% and reach a projected US$8.3 billion by 2027.

global Hydraulic Components market

The Hydraulic Components product types market analyzed in this report includes Accumulators, Control Valves, Cylinders, Filters, Power Units, Pumps & Motors and Other Hydraulic Components. The study also explores the market by end-use industry including Aerospace & Defense, Agricultural Machinery, Automotive, Construction Machinery, Marine, Material Handling Equipment and Other End-Use Industries.

The report reviews, analyzes and projects the Hydraulic Components market for global and the regional markets including the North America, Europe, Asia-Pacific, South America and Rest of World for the period 2018-2027 in terms of value in USD. These regional markets further analyzed for 15 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea; South America – Argentina and Brazil. The market is analyzed in all these major regions by key countries, product segments and by major end-use sectors in terms of USD.

This 478 page global Hydraulic Components market report includes 321 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. This report profiles 28 key global players and 47 major players across the North America – 12; Europe – 20; and Asia-Pacific – 15. The report also provides the listing of the companies engaged in research & development, manufacturing and supply of Hydraulic Components. The global list of companies covers addresses, contact numbers and the website addresses of 553 companies.

California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.

For more details, please visit: https://industry-experts.com/verticals/construction-and-manufacturing/hydraulic-components-a-global-market-overview

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