Positive Momentum in Construction Activity to Drive Global Market for Hydraulic Components to Reach $75 Billion by 2026 – Market Report (2019-2026) by Industry Experts, Inc.
Tuesday 18 Aug 2020
Industry Experts, Inc. published an updated version of the market research report on Hydraulic Components. The new version of this report includes the impact of COVID-19 on the global Hydraulic Components market. Asia-Pacific and South America are expected to grow by a relatively faster growth while developed regions such as North America and Europe are projected to witness the slower growth during the same analysis period.
The COVID-19 crisis that has the world in its grips has taken a toll of the hydraulic components industry, too, although not to the devastating extent to which other sectors have been affected. Marginal declines are likely to be witnessed across the board over 2019-2020 and some semblance of growth can be expected only towards mid-2022. However, this positive outlook depends on how the pandemic situation pans out over the coming months and how economies react to developments. Ill-thought out lockdowns being imposed by governments based on the ground situation that varies from region to region have their own negative impact on industrial activity, to which the hydraulic components sector is also susceptible.
Construction Machinery is estimated as the largest end-use industry for Hydraulic Components globally, with a US$16.3 billion market in 2019. During these Pandemic times, the overall global market is expected to reach US$60 billion in 2020, just 1% y-o-y growth compared to 2019.
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, analyses 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 2017-2026 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 464 page global Hydraulic Components market report includes 303 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 11 key global players and 44 major players across the North America – 10; Europe – 21; and Asia-Pacific – 13. 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