Europe Hydraulics Market Size, Share & Trends Analysis Report By End User, By Type (Mobile, and Industrial), By Component (Cylinder, Motor & Pumps, Transmission, Valves, Filters, Accumulators, and Others), By Country and Growth Forecast, 2023 - 2030
The Europe Hydraulics Market would witness market growth of 3.5% CAGR during the forecast period (2023-2030).
Hydraulics involves using a liquid, usually oil, as a medium for power transmission. This field focuses on the mechanical properties of fluids, specifically how they behave under pressure and flow. The fundamental principle governing hydraulics is Pascal's law, which states that any change in pressure applied to an enclosed fluid is transmitted undiminished to all portions of the fluid and the walls of its container. Hydraulic systems typically consist of a fluid reservoir, a pump to pressurize the fluid, valves to control the direction of fluid flow, actuators to convert fluid energy into mechanical work, and various hoses and pipes to transmit the fluid. These systems find applications across diverse industries due to their ability to generate substantial force with precision and control.
Moreover, hydraulic systems are crucial in construction equipment such as excavators, bulldozers, and cranes. The power generated by hydraulics allows these machines to lift heavy loads, dig trenches, and perform various tasks with efficiency. Aircraft and spacecraft utilize hydraulic systems for various functions, including landing gear deployment, wing flap movement, and flight control systems. Hydraulic actuators provide the necessary force and precision in these critical applications. Vehicles employ hydraulics in various components, such as brake systems, power steering, and suspension systems. Hydraulic technology enhances safety, control, and comfort in automobiles.
According to Germany Trade and Invest, German automobile manufacturers produced around 15.6 million vehicles in 2021. Germany is the European car production leader: more than 3.1 million passenger cars – and 351,000 commercial vehicles – were manufactured in German plants in 2021. Hydraulic systems are integral to various manufacturing equipment used in the production of automobiles. Hydraulic presses, stamping machines, and other machinery rely on hydraulics for tasks such as forming, shaping, and assembling metal components. Therefore, the factors mentioned above will propel the market growth in this region.
The Germany market dominated the Europe Hydraulics Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,250 million by 2030. The UK market is experiencing a CAGR of 3.3% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 4% during (2023 - 2030).
Based on End User, the market is segmented into Construction, Aerospace, Metal & Machinery Manufacturing, Mining, Material Handling, Agriculture, Marine, Oil & Gas, Automotive, and Others. Based on Type, the market is segmented into Mobile, and Industrial. Based on Component, the market is segmented into Cylinder, Motor & Pumps, Transmission, Valves, Filters, Accumulators, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Enerpac Tool Group Corp.
- The Danfoss Group
- HYDAC International GmbH
- Kawasaki Heavy Industries, Ltd.
- SMC Corporation
- Parker Hannifin Corporation
- Wipro Limited
- Caterpillar, Inc.
- Bosch Rexroth AG (Robert Bosch GmbH)
- KYB corporation
By End User
- Construction
- Aerospace
- Metal & Machinery Manufacturing
- Mining
- Material Handling
- Agriculture
- Marine
- Oil & Gas
- Automotive
- Others
- Mobile
- Industrial
- Cylinder
- Motor & Pumps
- Transmission
- Valves
- Filters
- Accumulators
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Hydraulics Market, by End User
- 1.4.2 Europe Hydraulics Market, by Type
- 1.4.3 Europe Hydraulics Market, by Component
- 1.4.4 Europe Hydraulics Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2022
- 4.2 Strategies Deployed in Hydraulics Market
- 4.3 Porter’s Five Forces Analysis
- Chapter 5. Europe Hydraulics Market by End User
- 5.1 Europe Construction Market by Country
- 5.2 Europe Aerospace Market by Country
- 5.3 Europe Metal & Machinery Manufacturing Market by Country
- 5.4 Europe Mining Market by Country
- 5.5 Europe Material Handling Market by Country
- 5.6 Europe Agriculture Market by Country
- 5.7 Europe Marine Market by Country
- 5.8 Europe Oil & Gas Market by Country
- 5.9 Europe Automotive Market by Country
- 5.1 Europe Others Market by Country
- Chapter 6. Europe Hydraulics Market by Type
- 6.1 Europe Mobile Market by Country
- 6.2 Europe Industrial Market by Country
- Chapter 7. Europe Hydraulics Market by Component
- 7.1 Europe Cylinder Market by Country
- 7.2 Europe Motor & Pumps Market by Country
- 7.3 Europe Transmission Market by Country
- 7.4 Europe Valves Market by Country
- 7.5 Europe Filters Market by Country
- 7.6 Europe Accumulators Market by Country
- 7.7 Europe Others Market by Country
- Chapter 8. Europe Hydraulics Market by Country
- 8.1 Germany Hydraulics Market
- 8.1.1 Germany Hydraulics Market by End User
- 8.1.2 Germany Hydraulics Market by Type
- 8.1.3 Germany Hydraulics Market by Component
- 8.2 UK Hydraulics Market
- 8.2.1 UK Hydraulics Market by End User
- 8.2.2 UK Hydraulics Market by Type
- 8.2.3 UK Hydraulics Market by Component
- 8.3 France Hydraulics Market
- 8.3.1 France Hydraulics Market by End User
- 8.3.2 France Hydraulics Market by Type
- 8.3.3 France Hydraulics Market by Component
- 8.4 Russia Hydraulics Market
- 8.4.1 Russia Hydraulics Market by End User
- 8.4.2 Russia Hydraulics Market by Type
- 8.4.3 Russia Hydraulics Market by Component
- 8.5 Spain Hydraulics Market
- 8.5.1 Spain Hydraulics Market by End User
- 8.5.2 Spain Hydraulics Market by Type
- 8.5.3 Spain Hydraulics Market by Component
- 8.6 Italy Hydraulics Market
- 8.6.1 Italy Hydraulics Market by End User
- 8.6.2 Italy Hydraulics Market by Type
- 8.6.3 Italy Hydraulics Market by Component
- 8.7 Rest of Europe Hydraulics Market
- 8.7.1 Rest of Europe Hydraulics Market by End User
- 8.7.2 Rest of Europe Hydraulics Market by Type
- 8.7.3 Rest of Europe Hydraulics Market by Component
- Chapter 9. Company Profiles
- 9.1 Enerpac Tool Group Corp.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Product Launches and Product Expansions:
- 9.1.5.2 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
- 9.2 The Danfoss Group
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Acquisition and Mergers:
- 9.2.6 SWOT Analysis
- 9.3 HYDAC International GmbH
- 9.3.1 Company Overview
- 9.3.2 SWOT Analysis
- 9.4 Kawasaki Heavy Industries, Ltd.
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 SWOT Analysis
- 9.5 SMC Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Research & Development Expenses
- 9.5.4 Recent strategies and developments:
- 9.5.4.1 Product Launches and Product Expansions:
- 9.5.5 SWOT Analysis
- 9.6 Parker Hannifin Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.5.2 Acquisition and Mergers:
- 9.6.6 SWOT Analysis
- 9.7 Wipro Limited
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 SWOT Analysis
- 9.8 Caterpillar, Inc.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Acquisition and Mergers:
- 9.8.6 SWOT Analysis
- 9.9 Bosch Rexroth AG (Robert Bosch GmbH)
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expense
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Acquisition and Mergers:
- 9.9.6 SWOT Analysis
- 9.10. KYB Corporation
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 SWOT Analysis
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