出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年12月
Hydraulics Market – Global Forecast to 2028
油圧市場 : コンポーネント (モーター、ポンプ、シリンダー、バルブ、フィルター、アキュムレーター、トランスミッション)、タイプ (移動式油圧機器、産業用油圧機器)、エンドユーザー (建設、農業、マテリアルハンドリング)、センサー、地域別 – 2028年までの世界予測
Hydraulics Market by Components (Motors, Pumps, Cylinders, Valves, Filters, Accumulators, Transmissions), Type (Mobile Hydraulics, Industrial Hydraulics), End User (Construction, Agriculture, Material Handling), Sensors & Region – Global Forecast to 2028
| ページ数 | 213 |
| 図表数 | 225 |
| 種別 | 英文調査報告書 |
| 価格 |
Report Overview
The hydraulics market is expected to grow from USD 42.5 billion in 2023 to USD 50.5 billion by 2028, at a CAGR of 3.5% during the forecast period. The surge in construction projects, the growing need for advanced agricultural machinery, and the rising demand for material-handling equipment are some of the factors driving the hydraulics market. In addition, the increased utilization of lifting machinery in shipping and the growing embrace of electric vehicles are expected to open up opportunities in the evolving hydraulics market.
“Cylinders segment is expected to grow at the highest CAGR during the forecast period.”
The cylinders segment is expected to grow at the highest CAGR during the forecast period. Multiple companies operating within the hydraulic cylinder market consistently allocate resources to research and development, aiming to enhance and innovate their hydraulic cylinders to offer superior solutions to their clients. Due to the intense competition in the hydraulic cylinder market, companies find it imperative to regularly upgrade their products. The evolution of smart hydraulic cylinders stands out as a crucial innovation propelling the hydraulics market forward. Known for their durability and simplicity, hydraulic cylinders are user-friendly components utilized in both industrial and mobile equipment. These cylinders find application in various sectors such as construction, aerospace, material handling, automotive, agriculture, mining, oil and gas, as well as marine applications.
“Mobile hydraulics is expected to grow at the highest CAGR during the forecast period.”
The mobile hydraulics segment is expected to grow at the highest CAGR during the forecast period. Mobile hydraulic equipment, used in non-stationary machinery, meets the rising demand for hydraulic power in remote areas, leading to the incorporation of hydraulic cylinders. Technological advancements allow for easy lifting of heavy objects, enhancing stability and making mobile hydraulics a preferred choice. The increasing use of automated heavy construction and mining vehicles drives the growth of the mobile hydraulics market, ensuring worker safety and operational efficiency across various industries.
“Agriculture industry is expected to grow at the highest CAGR during the forecast period.”
The agriculture industry is expected to grow at the highest CAGR during the forecast period. The agricultural industry is expanding due to the increased reliance on machinery for executing intricate tasks, ranging from planting vegetables to plowing fields. Manufacturers consistently aim to sustain high production levels while navigating diverse terrains and adapting to varying environmental conditions. Tasks involving moving heavy loads, fieldwork, crop handling, and more are performed on mobile equipment under significant stress. From pecan tree shakers to sugar cane harvesters and automated bale trailers to sprayer booms, hydraulics are integrated into nearly all agricultural equipment for controlling lifting and movement.
“Asia Pacific region to register highest CAGR between 2023 and 2028.”
The hydraulics market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Rapid industrialization stands as a prominent driver, as countries within this region undergo significant industrial expansion. This surge in industrial activity generates a substantial demand for machinery and equipment reliant on hydraulic systems across various sectors such as manufacturing, construction, mining, and more. Moreover, the ongoing development of infrastructure plays a pivotal role in propelling the hydraulics market. Countries like China, India, and several Southeast Asian nations are actively engaged in extensive infrastructure projects, necessitating heavy machinery equipped with hydraulic components for construction purposes. This heightened demand for hydraulic systems and equipment in infrastructure development contributes significantly to market growth.
Breakdown of primaries
In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the hydraulics market space. The break-up of primary participants for the report has been shown below:
• By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
• By Designation: C-level Executives – 48%, Directors – 33%, and Others – 19%
• By Region: North America –35%, Europe– 18%, Asia Pacific – 40%, and RoW – 7%
Major players operating in the hydraulics market include Enerpac Tool Group (US), Bosch Rexorth AG (Germany), Danfoss (Denmark), Hydac International GmbH (Germany), Kawasaki Heavy Industries, Ltd. (Japan), KYB Corporation (Japan), SMC Corporation (Japan) Parker-Hannifin Corporation (US), Wipro Enterprises (India), Caterpillar (US), among others.
Research Coverage:
The report segments the hydraulics market and forecasts its size by components, type, end-user, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the hydraulics ecosystem.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the hydraulics market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of key drivers (the surge in construction projects, growing need for advanced agricultural machinery, and rising demand for material handling equipment), restraints (high manufacturing and maintenance costs, intensifying concerns regarding oil leaks), opportunities (advancement in intelligent hydraulic machinery, ongoing research and technological progress in hydraulic cylinders, surging adoption of lifting equipment in the shipping industry, increasing uptake of electric vehicles), and challenges (availability of substitute products).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the hydraulics market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the hydraulics market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the hydraulics market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Danfoss (Denmark), Bosch Rexroth AG (Germany), Parker Hannifin Corporation (US), and other players.
Table of Contents
1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION AND SCOPE 27
1.2.1 INCLUSIONS AND EXCLUSIONS 28
1.3 STUDY SCOPE 28
1.3.1 MARKETS COVERED 28
1.3.2 REGIONS COVERED 29
1.3.3 YEARS CONSIDERED 29
1.4 CURRENCY CONSIDERED 29
1.5 UNITS CONSIDERED 30
1.6 LIMITATIONS 30
1.7 STAKEHOLDERS 30
1.8 SUMMARY OF CHANGES 30
1.8.1 IMPACT OF RECESSION 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 1 HYDRAULICS MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY DATA 33
2.1.1.1 List of major secondary sources 33
2.1.1.2 Key data from secondary sources 33
2.1.2 PRIMARY DATA 33
2.1.2.1 Breakdown of primary interviews 34
2.1.2.2 Key data from primary sources 34
2.1.3 SECONDARY AND PRIMARY RESEARCH 35
2.1.3.1 Key industry insights 35
2.2 MARKET SIZE ESTIMATION 36
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE):
REVENUE FROM HYDRAULICS MARKET 36
2.2.1 BOTTOM-UP APPROACH 37
2.2.1.1 Approach for arriving at market size using bottom-up approach 37
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 37
2.2.2 TOP-DOWN APPROACH 38
2.2.2.1 Approach for arriving at market size using top-down approach 38
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 38
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 39
FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION 39
2.4 RESEARCH ASSUMPTIONS 40
FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY 40
2.5 APPROACH TO IMPACT OF RECESSION 40
2.6 RISK ASSESSMENT 41
TABLE 1 LIMITATIONS AND ASSOCIATED RISKS 41
3 EXECUTIVE SUMMARY 42
FIGURE 7 CYLINDERS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD 43
FIGURE 8 MOBILE SEGMENT TO HOLD LARGER SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD 44
FIGURE 9 AGRICULTURE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 45
FIGURE 10 ASIA PACIFIC HYDRAULICS MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 46
4 PREMIUM INSIGHTS 47
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN HYDRAULICS MARKET 47
FIGURE 11 MARKET PLAYERS TO WITNESS LUCRATIVE GROWTH OPPORTUNITIESIN ASIA PACIFIC 47
4.2 HYDRAULICS MARKET, BY COMPONENT 48
FIGURE 12 CYLINDERS SEGMENT TO DOMINATE HYDRAULICS MARKET DURING FORECAST PERIOD 48
4.3 HYDRAULICS MARKET, BY END USER 49
FIGURE 13 CONSTRUCTION SEGMENT TO LEAD HYDRAULICS MARKET DURING FORECAST PERIOD 49
4.4 HYDRAULICS MARKET, BY TYPE 49
FIGURE 14 MOBILE SEGMENT TO HOLD MAJOR SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD 49
4.5 HYDRAULICS MARKET, BY REGION 50
FIGURE 15 MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 51
FIGURE 16 HYDRAULICS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51
5.2.1 DRIVERS 52
FIGURE 17 IMPACT ANALYSIS: DRIVERS 52
5.2.1.1 Accelerating construction activities leading to demand for hydraulic equipment 52
5.2.1.2 Increasing requirement of material handling equipment 53
5.2.1.3 Mounting demand for advanced agricultural equipment 53
5.2.1.4 Increasing penetration of hydraulic equipment across industries 53
5.2.1.5 Expanding process industries 54
5.2.2 RESTRAINTS 54
FIGURE 18 IMPACT ANALYSIS: RESTRAINTS 54
5.2.2.1 Intensifying concerns regarding oil leaks 54
5.2.2.2 High manufacturing and maintenance costs 55
5.2.3 OPPORTUNITIES 55
FIGURE 19 IMPACT ANALYSIS: OPPORTUNITIES 55
5.2.3.1 Surging adoption of lifting equipment in shipping industry 55
5.2.3.2 Development of smart hydraulic equipment 56
5.2.3.3 Continuous R&D and technological advancements in hydraulic cylinders 56
5.2.3.4 Increasing uptake of electric vehicles 56
5.2.4 CHALLENGES 57
FIGURE 20 IMPACT ANALYSIS: CHALLENGES 57
5.2.4.1 Availability of substitute products 57
5.3 VALUE CHAIN 57
FIGURE 21 HYDRAULICS MARKET: VALUE CHAIN ANALYSIS 57
5.3.1 RAW MATERIAL SUPPLIERS 58
5.3.2 MANUFACTURERS 58
5.3.3 DISTRIBUTORS 58
5.3.4 END USER INDUSTRIES 58
5.3.5 AFTER-SALES SERVICE PROVIDERS 58
5.4 ECOSYSTEM 59
FIGURE 22 HYDRAULICS MARKET: ECOSYSTEM 59
TABLE 2 HYDRAULICS MARKET ECOSYSTEM 60
5.5 PRICING ANALYSIS 61
TABLE 3 AVERAGE SELLING PRICE BASED ON CYLINDER TYPE 62
5.5.1 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS OFFEREDBY TOP PLAYERS 62
FIGURE 23 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS OFFERED BY TOP PLAYERS 62
TABLE 4 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS OFFERED BY TOP PLAYERS 62
FIGURE 24 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS 2022–2028 (USD) 63
TABLE 5 AVERAGE SELLING PRICE OF HYDRAULIC CYLINDERS, BY REGION 63
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 63
5.7 TECHNOLOGY ANALYSIS 64
5.7.1 INTRODUCTION 64
5.7.2 IMPACT OF IOT ON HYDRAULIC ECOSYSTEM 64
5.7.2.1 Introduction 64
5.7.2.2 IoT empowers control in hydraulic applications 64
FIGURE 25 MONITORING HYDRAULIC-BASED MACHINERY USING IOT 65
5.7.2.3 IoT offers remote control of plant systems 65
5.7.2.4 Integration of IoT with fluid power 66
5.7.2.5 IoT sensors in hydraulics 66
5.7.3 INCREASING DIGITIZATION OF MOBILE HYDRAULIC PRODUCT PORTFOLIO 66
5.7.4 INCREASING USE OF DIFFERENT SENSOR TECHNOLOGIES IN MOBILE HYDRAULICS 67
5.7.4.1 Position sensors vital in mobile hydraulic solutions 67
5.7.5 IMPACT OF 5G TECHNOLOGY ON HYDRAULIC ECOSYSTEM 67
5.7.6 SHIFT OF FUNCTIONALITY IN SOFTWARE ARCHITECTURE USED
FOR INDUSTRY 4.0 68
5.7.7 SOFTWARE & SERVICES 68
5.7.7.1 Software to help automate various tasks involved in running and monitoring devices 68
5.8 PORTER’S FIVE FORCES ANALYSIS 68
FIGURE 26 HYDRAULICS MARKET: PORTER’S FIVE FORCES ANALYSIS 69
5.8.1 THREAT OF NEW ENTRANTS 69
5.8.2 THREAT OF SUBSTITUTES 70
5.8.3 BARGAINING POWER OF SUPPLIERS 70
5.8.4 BARGAINING POWER OF BUYERS 70
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 70
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 71
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 71
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS 71
TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR
TOP END USERS (%) 71
5.9.2 BUYING CRITERIA 72
FIGURE 28 KEY BUYING CRITERIA FOR TOP END USERS 72
TABLE 7 KEY BUYING CRITERIA FOR TOP END USERS 72
5.10 CASE STUDIES 72
5.10.1 GENAN ADOPTED BOSCH REXROTH’S HYDRAULICS TO EXTEND TIRE LIFE AND PRODUCTIVITY 72
5.10.2 ECO GREEN CONTRACTED PARKER-HANNIFIN CORPORATION TO ACHIEVE VOLUME AND HIGH-QUALITY CRUMB RUBBER IN ONE MACHINE 73
5.11 TRADE ANALYSIS 73
FIGURE 29 IMPORT DATA FOR HS CODE 841221, BY KEY COUNTRY, 2018–2022 (USD MILLION) 73
FIGURE 30 EXPORT DATA FOR HS CODE 841221, BY KEY COUNTRY, 2018–2022 (USD MILLION) 74
5.12 PATENT ANALYSIS 75
FIGURE 31 HYDRAULICS PATENTS GRANTED, 2013–2022 75
FIGURE 32 COMPANIES WITH HIGHEST NUMBER OF HYDRAULICS PATENT APPLICATIONS, 2013–2022 75
TABLE 8 TOP 20 PATENT OWNERS IN LAST 10 YEARS(2013–2022) 76
TABLE 9 PATENTS PERTAINING TO HYDRAULICS MARKET, 2021–2023 77
5.13 KEY CONFERENCES AND EVENTS, 2023–2024 79
TABLE 10 CONFERENCES AND EVENTS 79
5.14 TARIFF AND REGULATORY LANDSCAPE 80
5.14.1 TARIFF FOR HS CODE 841221-PRESSURE-REDUCING VALVES 80
TABLE 11 AVERAGE TARIFF (ESTIMATED), BY COUNTRY (%) 80
5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 15 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
5.14.3 STANDARDS AND REGULATIONS RELATED TO HYDRAULICS MARKET 84
TABLE 16 HYDRAULICS MARKET: STANDARDS AND REGULATIONS 84
6 HYDRAULICS MARKET, BY COMMUNICATION TECHNOLOGY 85
6.1 INTRODUCTION 85
6.2 RADIOFREQUENCY 85
6.3 BLUETOOTH 85
6.4 WI-FI 86
6.5 4G/5G CELLULAR 86
7 HYDRAULICS MARKET, BY TYPE 87
7.1 INTRODUCTION 88
FIGURE 33 HYDRAULICS MARKET, BY TYPE 88
TABLE 17 HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION) 88
TABLE 18 HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION) 88
FIGURE 34 MOBILE SEGMENT TO DOMINATE HYDRAULICS MARKET DURING FORECAST PERIOD 89
7.2 MOBILE 89
7.2.1 DEMAND FOR HYDRAULIC POWER AT REMOTE AND DIFFICULT TERRAINS TO DRIVE MARKET 89
TABLE 19 MOBILE: HYDRAULICS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 90
TABLE 20 MOBILE: HYDRAULICS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 90
TABLE 21 MOBILE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION) 90
TABLE 22 MOBILE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION) 91
7.3 INDUSTRIAL 91
7.3.1 CRUCIAL ROLE IN LIFTING HEAVY LOADS AND EQUIPMENT TO DRIVE MARKET 91
TABLE 23 INDUSTRIAL: HYDRAULICS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 92
TABLE 24 INDUSTRIAL: HYDRAULICS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 92
TABLE 25 INDUSTRIAL: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION) 92
TABLE 26 INDUSTRIAL: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION) 93
8 HYDRAULICS MARKET, BY COMPONENT 94
8.1 INTRODUCTION 95
FIGURE 35 HYDRAULICS MARKET, BY COMPONENT 95
FIGURE 36 CYLINDERS TO LEAD HYDRAULICS MARKET DURING FORECAST PERIOD 95
TABLE 27 HYDRAULICS MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 96
TABLE 28 HYDRAULICS MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 96
8.2 MOTORS 97
8.2.1 INCREASED FUEL SAVINGS AND DECREASED CARBON DIOXIDE EMISSIONS TO DRIVE MARKET 97
TABLE 29 MOTORS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION) 97
TABLE 30 MOTORS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION) 97
8.3 PUMPS 98
8.3.1 EFFICIENCY AND LOWER ENERGY CONSUMPTION TO DRIVE MARKET 98
TABLE 31 PUMPS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION) 98
TABLE 32 PUMPS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION) 98
8.4 CYLINDERS 99
8.4.1 DURABILITY, SIMPLICITY, AND EASE OF USE TO DRIVE MARKET 99
TABLE 33 CYLINDERS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION) 99
TABLE 34 CYLINDERS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION) 99
TABLE 35 CYLINDERS: HYDRAULICS MARKET, 2019–2022 (THOUSAND UNITS) 99
TABLE 36 CYLINDERS: HYDRAULICS MARKET, 2023–2028 (THOUSAND UNITS) 99
8.5 VALVES 100
8.5.1 INTEGRATION OF LATEST TECHNOLOGIES TO DRIVE MARKET 100
TABLE 37 VALVES: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION) 100
TABLE 38 VALVES: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION) 100
8.6 TRANSMISSIONS 101
8.6.1 PRECISE POWER TRANSMISSION REQUIREMENTS OF OFF-ROAD EQUIPMENT TO DRIVE MARKET 101
TABLE 39 TRANSMISSIONS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION) 101
TABLE 40 TRANSMISSIONS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION) 101
8.7 ACCUMULATORS 102
8.7.1 SYSTEM ACCURACY AND MAXIMUM PRECISION TO DRIVE MARKET 102
TABLE 41 ACCUMULATORS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION) 102
TABLE 42 ACCUMULATORS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION) 102
8.8 FILTERS 103
8.8.1 INCREASING DEPLOYMENT TO LIMIT CONTAMINANT-RELATED SYSTEM FAILURES TO DRIVE MARKET 103
TABLE 43 FILTERS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION) 103
TABLE 44 FILTERS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION) 103
8.9 OTHER COMPONENTS 104
TABLE 45 OTHER COMPONENTS: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION) 104
TABLE 46 OTHER COMPONENTS: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION) 104
9 HYDRAULICS MARKET, BY SENSOR 105
9.1 INTRODUCTION 106
FIGURE 37 HYDRAULICS MARKET, BY SENSOR 106
FIGURE 38 POSITION SENSORS SEGMENT TO LEAD HYDRAULICS MARKET DURING FORECAST PERIOD 107
TABLE 47 HYDRAULICS MARKET, BY SENSOR, 2019–2022 (USD MILLION) 107
TABLE 48 HYDRAULICS MARKET, BY SENSOR, 2023–2028 (USD MILLION) 107
9.2 TILT SENSORS 108
9.2.1 INCLINATION CONTROL PROVIDING SAFE ZONES FOR PEOPLE TO DRIVE MARKET 108
9.3 POSITION SENSORS 108
9.3.1 ENABLE CONTROL SYSTEMS TO TAKE ACTION BASED ON FEEDBACK 108
9.4 PRESSURE SENSORS 109
9.4.1 ENSURING CONTROL OF PRESSURE WITHIN SYSTEMS TO DRIVE MARKET 109
9.5 TEMPERATURE SENSORS 109
9.5.1 RISING NEED FOR REAL-TIME TEMPERATURE MONITORING TO DRIVE MARKET 109
9.6 LEVEL SENSORS 110
9.6.1 MONITORING AND CONTROL OF LEVEL OF OPERATING FLUID TO DRIVE MARKET 110
9.7 FLOW SENSORS 110
9.7.1 MONITORING PUMP PERFORMANCE AND ENSURING FLUID FLOW TO DRIVE MARKET 110
10 HYDRAULICS MARKET, BY END USER 111
10.1 INTRODUCTION 112
FIGURE 39 HYDRAULICS MARKET, BY END USER 112
FIGURE 40 CONSTRUCTION SEGMENT TO HOLD LARGEST SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD 112
TABLE 49 HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION) 113
TABLE 50 HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION) 113
10.2 CONSTRUCTION 114
10.2.1 GROWING GLOBAL POPULATION TO DRIVE MARKET 114
TABLE 51 CONSTRUCTION: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION) 114
TABLE 52 CONSTRUCTION: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION) 115
10.3 AEROSPACE 115
10.3.1 RISING DEMAND FOR NEXT-GENERATION AND FUEL-EFFICIENT AIRCRAFT TO DRIVE MARKET 115
TABLE 53 AEROSPACE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION) 116
TABLE 54 AEROSPACE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION) 116
10.4 MATERIAL HANDLING 116
10.4.1 GROWING E-COMMERCE INDUSTRY AND WAREHOUSING REQUIREMENTS TO DRIVE MARKET 116
TABLE 55 MATERIAL HANDLING: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION) 117
TABLE 56 MATERIAL HANDLING: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION) 117
10.5 AGRICULTURE 117
10.5.1 INCREASED INVESTMENTS IN MACHINES FOR PRECISION AGRICULTURE TO DRIVE MARKET 117
TABLE 57 AGRICULTURE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION) 118
TABLE 58 AGRICULTURE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION) 118
10.6 MINING 119
10.6.1 EXECUTION OF TASKS FASTER AND AT CHEAPER RATES TO DRIVE MARKET 119
TABLE 59 MINING: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION) 119
TABLE 60 MINING: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION) 119
10.7 AUTOMOTIVE 120
10.7.1 INCREASING APPLICATIONS IN ALL ASPECTS OF MANUFACTURING TO DRIVE MARKET 120
TABLE 61 AUTOMOTIVE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION) 120
TABLE 62 AUTOMOTIVE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION) 121
10.8 MARINE 121
10.8.1 SIGNIFICANT PRESSURE TO PERFORM OPERATIONS PROFITABLY TO DRIVE MARKET 121
TABLE 63 MARINE: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION) 121
TABLE 64 MARINE: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION) 122
10.9 METAL & MACHINERY MANUFACTURING 122
10.9.1 FOCUS ON PREDICTIVE MAINTENANCE IN MANUFACTURING INDUSTRY TO DRIVE MARKET 122
TABLE 65 METAL & MACHINERY MANUFACTURING: HYDRAULICS MARKET, BY REGION,2019–2022 (USD MILLION) 122
TABLE 66 METAL & MACHINERY MANUFACTURING HYDRAULICS MARKET, BY REGION,2023–2028 (USD MILLION) 123
10.10 OIL & GAS 123
10.10.1 INCREASING PRODUCTIVITY AND MINIMIZING OUTAGE TO DRIVE MARKET 123
TABLE 67 OIL & GAS: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION) 123
TABLE 68 OIL & GAS: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION) 124
10.11 OTHER END USERS 124
TABLE 69 OTHER END USERS: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION) 125
TABLE 70 OTHER END USERS: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION) 125
11 HYDRAULICS MARKET, BY REGION 126
11.1 INTRODUCTION 127
FIGURE 41 MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 127
FIGURE 42 ASIA PACIFIC TO LEAD MARKET DURING FORECAST PERIOD 128
TABLE 71 HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION) 128
TABLE 72 HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION) 128
11.2 NORTH AMERICA 129
11.2.1 IMPACT OF RECESSION ON NORTH AMERICA 129
FIGURE 43 NORTH AMERICA: HYDRAULICS MARKET SNAPSHOT 130
TABLE 73 NORTH AMERICA: HYDRAULICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 131
TABLE 74 NORTH AMERICA: HYDRAULICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 131
TABLE 75 NORTH AMERICA: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION) 131
TABLE 76 NORTH AMERICA: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION) 131
TABLE 77 NORTH AMERICA: HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION) 132
TABLE 78 NORTH AMERICA: HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION) 132
11.2.2 US 133
11.2.2.1 Aerospace, construction, and non-durable goods sectors to drive market 133
11.2.3 CANADA 133
11.2.3.1 Presence of key players and mining sector to drive market 133
11.2.4 MEXICO 134
11.2.4.1 Oil & gas and aerospace sectors to drive market 134
11.3 EUROPE 134
11.3.1 IMPACT OF RECESSION ON EUROPE 134
FIGURE 44 EUROPE: HYDRAULICS MARKET SNAPSHOT 135
TABLE 79 EUROPE: HYDRAULICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 136
TABLE 80 EUROPE: HYDRAULICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 136
TABLE 81 EUROPE: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION) 136
TABLE 82 EUROPE: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION) 136
TABLE 83 EUROPE: HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION) 137
TABLE 84 EUROPE: HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION) 137
11.3.2 GERMANY 138
11.3.2.1 Significant presence of leading hydraulics manufacturers and automotive sector to drive market 138
11.3.3 FRANCE 138
11.3.3.1 Automotive and aerospace sectors to drive market 138
11.3.4 UK 139
11.3.4.1 Expanding marine sector to drive market 139
11.3.5 REST OF EUROPE 139
11.4 ASIA PACIFIC 139
11.4.1 IMPACT OF RECESSION ON ASIA PACIFIC 139
FIGURE 45 ASIA PACIFIC: HYDRAULICS MARKET SNAPSHOT 140
TABLE 85 ASIA PACIFIC: HYDRAULICS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 141
TABLE 86 ASIA PACIFIC: HYDRAULICS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 141
TABLE 87 ASIA PACIFIC: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION) 141
TABLE 88 ASIA PACIFIC: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION) 141
TABLE 89 ASIA PACIFIC: HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION) 142
TABLE 90 ASIA PACIFIC: HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION) 142
11.4.2 JAPAN 143
11.4.2.1 Presence of large number of hydraulic equipment suppliers to drive market 143
11.4.3 CHINA 143
11.4.3.1 Increasing infrastructure development to drive market 143
11.4.4 INDIA 143
11.4.4.1 Increasing construction projects to drive market 143
11.4.5 SOUTH KOREA 144
11.4.5.1 Expansion of shipbuilding industry to drive market 144
11.4.6 REST OF ASIA PACIFIC 144
11.5 REST OF THE WORLD (ROW) 144
11.5.1 IMPACT OF RECESSION ON REST OF THE WORLD 144
TABLE 91 REST OF THE WORLD: HYDRAULICS MARKET, BY REGION, 2019–2022 (USD MILLION) 145
TABLE 92 REST OF THE WORLD: HYDRAULICS MARKET, BY REGION, 2023–2028 (USD MILLION) 145
TABLE 93 REST OF THE WORLD: HYDRAULICS MARKET, BY TYPE, 2019–2022 (USD MILLION) 145
TABLE 94 REST OF THE WORLD: HYDRAULICS MARKET, BY TYPE, 2023–2028 (USD MILLION) 145
TABLE 95 REST OF THE WORLD: HYDRAULICS MARKET, BY END USER, 2019–2022 (USD MILLION) 146
TABLE 96 REST OF THE WORLD: HYDRAULICS MARKET, BY END USER, 2023–2028 (USD MILLION) 146
11.5.2 SOUTH AMERICA 147
11.5.2.1 Continued growth of construction industry to drive market 147
11.5.3 GULF CORPORATION COUNCIL (GCC) 147
11.5.3.1 Rising investments in oil & gas industry to fuel market growth 147
11.5.4 AFRICA & REST OF MIDDLE EAST 147
11.5.4.1 Rising investments in infrastructure development and mining activities to drive market 147
12 COMPETITIVE LANDSCAPE 148
12.1 INTRODUCTION 148
TABLE 97 KEY DEVELOPMENTS IN HYDRAULICS MARKET (2021–2023) 148
12.1.1 REVENUE ANALYSIS OF TOP 5 COMPANIES 150
FIGURE 46 REVENUE ANALYSIS, 2022 150
12.2 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS, 2022 151
TABLE 98 MARKET SHARE ANALYSIS, 2022 151
FIGURE 47 MARKET SHARE ANALYSIS, 2022 151
12.3 COMPANY EVALUATION MATRIX, 2022 153
12.3.1 STARS 153
12.3.2 EMERGING LEADERS 153
12.3.3 PERVASIVE PLAYERS 153
12.3.4 PARTICIPANTS 153
FIGURE 48 COMPANY EVALUATION MATRIX, 2022 154
12.3.5 COMPANY FOOTPRINT 155
TABLE 99 COMPANY END USER FOOTPRINT (12 COMPANIES) 155
TABLE 100 COMPANY REGION FOOTPRINT (12 COMPANIES) 156
TABLE 101 COMPANY FOOTPRINT (12 COMPANIES) 156
12.4 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX, 2022 157
12.4.1 PROGRESSIVE COMPANIES 157
12.4.2 RESPONSIVE COMPANIES 157
12.4.3 DYNAMIC COMPANIES 157
12.4.4 STARTING BLOCKS 157
FIGURE 49 SME EVALUATION MATRIX, 2022 158
12.4.5 COMPETITIVE BENCHMARKING 159
TABLE 102 DETAILED LIST OF KEY STARTUPS/SMES 159
TABLE 103 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 160
12.5 COMPETITIVE SCENARIO AND TRENDS 161
12.5.1 PRODUCT LAUNCHES 161
TABLE 104 PRODUCT LAUNCHES 161
12.5.2 DEALS 162
TABLE 105 DEALS 162
12.5.3 OTHER DEVELOPMENTS 163
TABLE 106 OTHER DEVELOPMENTS 163
13 COMPANY PROFILES 164
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 KEY PLAYERS 164
13.1.1 ENERPAC TOOL GROUP 164
TABLE 107 ENERPAC TOOL GROUP: COMPANY OVERVIEW 164
FIGURE 50 ENERPAC TOOL GROUP: COMPANY SNAPSHOT 165
TABLE 108 ENERPAC TOOL GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 166
13.1.2 BOSCH REXROTH AG 167
TABLE 109 BOSCH REXROTH AG: COMPANY OVERVIEW 167
FIGURE 51 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 168
TABLE 110 BOSCH REXROTH AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 168
TABLE 111 BOSCH REXROTH AG: DEALS 169
TABLE 112 BOSCH REXROTH AG: OTHER DEVELOPMENTS 169
13.1.3 DANFOSS 171
TABLE 113 DANFOSS: COMPANY OVERVIEW 171
FIGURE 52 DANFOSS: COMPANY SNAPSHOT 172
TABLE 114 DANFOSS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 172
TABLE 115 DANFOSS: PRODUCT LAUNCHES & DEVELOPMENTS 173
TABLE 116 DANFOSS: DEALS 173
TABLE 117 DANFOSS: OTHER DEVELOPMENTS 173
13.1.4 HYDAC INTERNATIONAL GMBH 175
TABLE 118 HYDAC INTERNATIONAL GMBH: COMPANY OVERVIEW 175
TABLE 119 HYDAC INTERNATIONAL GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 175
13.1.5 KAWASAKI HEAVY INDUSTRIES, LTD. 176
TABLE 120 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW 176
FIGURE 53 KAWASAKI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT 177
TABLE 121 KAWASAKI HEAVY INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 177
13.1.6 KYB CORPORATION 178
TABLE 122 KYB CORPORATION: COMPANY OVERVIEW 178
FIGURE 54 KYB CORPORATION: COMPANY SNAPSHOT 179
TABLE 123 KYB CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 179
13.1.7 SMC CORPORATION 180
TABLE 124 SMC CORPORATION: COMPANY OVERVIEW 180
FIGURE 55 SMC CORPORATION: COMPANY SNAPSHOT 180
TABLE 125 SMC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 181
13.1.8 PARKER-HANNIFIN CORPORATION 182
TABLE 126 PARKER-HANNIFIN CORPORATION: COMPANY OVERVIEW 182
FIGURE 56 PARKER-HANNIFIN CORPORATION: COMPANY SNAPSHOT 183
TABLE 127 PARKER-HANNIFIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 183
TABLE 128 PARKER-HANNIFIN CORPORATION: DEALS 184
13.1.9 WIPRO ENTERPRISES 186
TABLE 129 WIPRO ENTERPRISES: COMPANY OVERVIEW 186
TABLE 130 WIPRO ENTERPRISES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 187
TABLE 131 WIPRO ENTERPRISES: OTHER DEVELOPMENTS 187
13.1.10 CATERPILLAR 188
TABLE 132 CATERPILLAR: COMPANY OVERVIEW 188
FIGURE 57 CATERPILLAR: COMPANY SNAPSHOT 189
TABLE 133 CATERPILLAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 189
TABLE 134 CATERPILLAR: PRODUCT LAUNCHES & DEVELOPMENTS 190
TABLE 135 CATERPILLAR: DEALS 190
13.2 OTHER PLAYERS 191
13.2.1 ADVANCE HYDRAULICS, LLC 191
TABLE 136 ADVANCE HYDRAULICS, LLC: COMPANY OVERVIEW 191
13.2.2 AGGRESSIVE HYDRAULICS, INC. 192
TABLE 137 AGGRESSIVE HYDRAULICS, INC.: COMPANY OVERVIEW 192
13.2.3 BAILEY INTERNATIONAL 193
TABLE 138 BAILEY INTERNATIONAL: COMPANY OVERVIEW 193
13.2.4 HOLMATRO 194
TABLE 139 HOLMATRO: COMPANY OVERVIEW 194
13.2.5 PRINCE MANUFACTURING 194
TABLE 140 PRINCE MANUFACTURING: COMPANY OVERVIEW 194
13.2.6 KAPPA ENGINEERING 195
TABLE 141 KAPPA ENGINEERING: COMPANY OVERVIEW 195
13.2.7 LEHIGH FLUID POWER, INC. 195
TABLE 142 LEHIGH FLUID POWER, INC.: COMPANY OVERVIEW 195
13.2.8 LIGON HYDRAULIC CYLINDER GROUP 196
TABLE 143 LIGON HYDRAULIC CYLINDER GROUP: COMPANY OVERVIEW 196
13.2.9 MARREL 197
TABLE 144 MARREL: COMPANY OVERVIEW 197
13.2.10 PACOMA GMBH 197
TABLE 145 PACOMA GMBH: COMPANY OVERVIEW 197
13.2.11 STANDEX INTERNATIONAL CORPORATION 198
TABLE 146 STANDEX INTERNATIONAL CORPORATION: COMPANY OVERVIEW 198
13.2.12 TEXAS HYDRAULICS 198
TABLE 147 TEXAS HYDRAULICS: COMPANY OVERVIEW 198
13.2.13 VALARM 199
TABLE 148 VALARM: COMPANY OVERVIEW 199
13.2.14 WEBER-HYDRAULIK GMBH 199
TABLE 149 WEBER-HYDRAULIK GMBH: COMPANY OVERVIEW 199
13.2.15 YUASA CO., LTD. 200
TABLE 150 YUASA CO., LTD.: COMPANY OVERVIEW 200
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS 201
14.1 INTRODUCTION 201
14.2 CRANE AND HOIST MARKET, BY TYPE 201
14.3 INTRODUCTION 201
TABLE 151 CRANE MARKET, BY TYPE, 2019–2022 (USD MILLION) 201
TABLE 152 CRANE MARKET, BY TYPE, 2023–2028 (USD MILLION) 201
TABLE 153 CRANE MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 202
TABLE 154 CRANE MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 202
TABLE 155 CRANE MARKET, BY REGION, 2019–2022 (USD MILLION) 203
TABLE 156 CRANE MARKET, BY REGION, 2023–2028 (USD MILLION) 203
14.4 MOBILE CRANES 204
14.4.1 DEMAND FROM CONSTRUCTION INDUSTRY TO DRIVE MARKET 204
14.4.2 BOOM TYPE 204
14.4.2.1 Lattice boom 204
14.4.2.2 Telescopic boom 204
14.4.3 CRAWLER CRANES 204
14.4.4 ROUGH TERRAIN CRANES 204
14.4.5 ALL-TERRAIN CRANES 205
14.4.6 TRUCK LOADER CRANES 205
TABLE 157 MOBILE CRANES MARKET, BY TYPE, 2019–2022 (USD MILLION) 205
TABLE 158 MOBILE CRANES MARKET, BY TYPE, 2023–2028 (USD MILLION) 206
TABLE 159 MOBILE CRANES MARKET, BY REGION, 2019–2022 (USD MILLION) 206
TABLE 160 MOBILE CRANES MARKET, BY REGION, 2023–2028 (USD MILLION) 206
TABLE 161 MOBILE CRANES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 207
TABLE 162 MOBILE CRANES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 207
14.5 FIXED CRANES 208
14.5.1 SHIPPING & MATERIAL HANDLING INDUSTRY TO BOOST MARKET 208
14.5.2 INDUSTRIAL CRANES 208
14.5.3 TOWER CRANES 208
14.5.4 SHIP-TO-SHORE CRANES 208
TABLE 163 FIXED CRANES MARKET, BY TYPE, 2019–2022 (USD MILLION) 208
TABLE 164 FIXED CRANES MARKET, BY TYPE, 2023–2028 (USD MILLION) 209
TABLE 165 FIXED CRANES MARKET, BY REGION, 2019–2022 (USD MILLION) 209
TABLE 166 FIXED CRANES MARKET, BY REGION, 2023–2028 (USD MILLION) 209
TABLE 167 FIXED CRANES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION) 210
TABLE 168 FIXED CRANES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION) 210
15 APPENDIX 211
15.1 INSIGHTS OF INDUSTRY EXPERTS 211
15.2 DISCUSSION GUIDE 212
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 215
15.4 CUSTOMIZATION OPTIONS 217
15.5 RELATED REPORTS 217
15.6 AUTHOR DETAILS 218