Hydraulic Components – A Global Market Overview

Hydraulic Components – A Global Market Overview

Report Synopsis
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.

Research Findings & Coverage
• The Hydraulic Components market analyzed in this global report with respect to product types and end-use sectors
• Hydraulic Components’ market size is estimated/projected in this report by product type and end-use sector across all major regions/countries
• Innovative Electrohydraulic Technology Revives a Sleeping Dinosaur
• Enhancement of Hydraulic Components Facilitated by 3D Printing
• Hydraulics Gain Benefits from Thermoplastics
• Advancements in Hydraulic Technology Driving Efficiency
• Prospects for Mobile Hydraulics being Driven by Technological Changes
• Key business trends focusing on product innovations/developments, M&As, JVs and other recent industry developments
• Major companies profiled – 47
• The industry guide includes the contact details for 553 companies

Product Outline

The market for product types of Hydraulic Components analyzed in this report include the following:
• Accumulators
• Control Valves
• Cylinders
• Filters
• Power Units
• Pumps & Motors
• Other Hydraulic Components

The report analyzes the market for end-use sectors of Hydraulic Components comprise the following:
• Aerospace & Defense
• Agricultural Machinery
• Automotive
• Construction Machinery
• Marine
• Material Handling Equipment
• Other End-Use Industries

Analysis Period, Units and Growth Rates
• The report reviews, analyzes and projects the global Hydraulic Components market for the period 2018-2027 in terms of US$ and the compound annual growth rates (CAGRs) projected from 2022 through 2027

Geographic Coverage
• North America (The United States, Canada and Mexico)
• Europe (France, Germany, Italy, Russia, Spain, the United Kingdom and Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea and Rest of Asia-Pacific)
• South America (Argentina, Brazil and Rest of South America)
• Rest of World