Fluid Power Equipment Distributors in the US - Industry Market Research Report

Fluid Power Equipment Distributors in the US - Industry Market Research Report

Fluid Power Equipment Distributors in the US

Fluid power equipment distributors have faced volatile conditions following swings in the economy stemming from the pandemic. Fluid power equipment has a variety of uses, allowing distributors to diversify their client base. This prevents major swings in revenue if a single downstream market is affected. The pandemic hindered the manufacturing and mining sector, generating the bulk of revenue as businesses were forced to operate at limited capacity or shut down temporarily. The residential construction market was a saving grace for distributors, preventing companies from exhibiting a major slump in revenue. As the economy recovered and businesses reopened, the need for equipment rebounded slightly. Overall, revenue is expected to decline at a CAGR of 1.2% over the five years to 2023 reaching $25.1 billion, including a 0.9% slump in 2023 alone. Profit has remained steady despite major hiccups as distributors adjust prices accordingly.

Operators distribute fluid power equipment to manufacturers, mining companies and other users. The distributed equipment can be hydraulic or pneumatic, using liquid or gas to generate power and actuate machines and devices. Operators distribute fluid power pumps and motors, as well as parts and accessories such as valves.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.