Global Hydraulic Components Market Research Report- Forecast till 2026

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The Global Hydraulic Components market is estimated to register a tremendous market expansion during the projected timeframe with its highest CAGR.

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Global Hydraulic Components Market Research Report- Forecast till 2025

Market Synopsis
The Global Hydraulic Components market is estimated to register a tremendous market expansion during the projected timeframe with its highest CAGR. The hydraulic processes are using liquid fuels to transmit power and are preferred over electrical and mechanical systems. Actuators, valves, cylinders, and motors are some of the common hydraulic components used in water pistons, wheelchair lifts, Car braking systems, rudders in boats, wing flaps in aircraft, and many more. These components are easy to control and maintain, easily available, same, and simple to utilize.
The global hydraulic components market is anticipated to witness tremendous market growth in upcoming years owing to the increasing demand for hydraulic equipment in the construction industry and their increasing use in mining equipment. The requirement of expected to boost the installation of hydraulic equipment at construction sites. There are various features and advantages associated with hydraulic components that make them the preferred choice for several end-use applications. However, the rapid adoption of the Industrial Internet of Things (IIoT) in manufacturing hydraulics technology is gaining a lot of importance and expected to create many new opportunities in the future. Additionally, nowadays, automation and artificial intelligence are being adopted by almost every industry, to minimize the human effort and bring modernization to improve the operations and efficiency of products and services. Furthermore, these components are safe to use in the chemical and mining industries because they do not cause sparks. Therefore, the requirement for machine safety and operation enhancement is estimated to drive the surge of the global hydraulic components market during the study period.

Market Segmentation
Global Hydraulic Components Market has been categorized into Product, Application, End-User, and Region. Based on the product, the global market has been segmented into motors, pumps, valves, cylinders, and others. In terms of the application segment, the global market has been bifurcated into industrial and mobile. Depending on the end-user category, the market is classified into construction, agriculture, material handling, automotive, oil & gas, and others.

Regional analysis
Based on region the global hydraulic components market has been segregated into five major regions, namely North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The Asia-Pacific contributes the largest market of global hydraulic components during the forecast period, because of growing investments of major market players in electronics and other major applications. Additionally, the government bodies are focusing on infrastructural developments, there is immense scope for the growth of the hydraulic components market in Asia-Pacific during the forecast period. However, the rapidly developing countries like India and China are expected to lead the global hydraulic components during the forecast period owing to the less manufacturing costs than the developing countries.
Major Players
The Key Players in the Global Hydraulic Components Market are Eaton Corp. (US), Parker-Hannifin Corporation (US), Caterpillar, Inc. (US), Bosch Rexroth AG (Germany), Pacoma GmbH (Germany), Hydratech Industries (Denmark), and Wipro Enterprises (India), among others.

COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 14
1.1 MARKET ATTRACTIVENESS ANALYSIS 16
1.1.1 GLOBAL HYDRAULIC COMPONENT MARKET, BY PRODUCT 17
1.1.2 GLOBAL HYDRAULIC COMPONENT MARKET, BY APPLICATION 18
1.1.3 GLOBAL HYDRAULIC COMPONENT MARKET, BY END USER 19
1.1.4 GLOBAL HYDRAULIC COMPONENT MARKET, BY REGION 20
2 MARKET INTRODUCTION 21
2.1 DEFINITIONS 21
2.2 SCOPE OF THE STUDY 21
2.3 RESEARCH OBJECTIVE 21
2.4 MARKET STRUCTURE 22
2.5 KEY BUYING CRITERIA 22
3 RESEARCH METHODOLOGY 23
3.1 RESEARCH PROCESS 23
3.2 PRIMARY RESEARCH 24
3.3 SECONDARY RESEARCH 25
3.4 MARKET SIZE ESTIMATION 26
3.5 FORECAST MODEL 27
3.6 LIST OF ASSUMPTIONS 28
4 MARKET INSIGHTS 29
5 MARKET DYNAMICS 32
5.1 INTRODUCTION 32
5.2 DRIVERS 33
5.2.1 RISING DEMAND FROM CONSTRUCTION AND AVIATION INDUSTRY 33
5.2.2 GROWING USE IN MATERIAL HANDLING EQUIPMENT 33
5.3 RESTRAINTS 34
5.3.1 INCREASED CONCERNS REGARDING OIL LEAKS IN HYDRAULIC SYSTEM 34
5.4 OPPORTUNITIES 34
5.4.1 GROWING FOCUS ON DEVELOPING SMART HYDRAULIC COMPONENTS 34
5.5 TECHNOLOGICAL TRENDS 35
5.5.1 ELECTRO-HYDRAULIC CONTROL FOR HEAVY DUTY VEHICLE 35
5.5.2 ENERGY SAVING HYDRAULIC SYSTEMS 35
5.5.3 HYBRID ACTUATION SYSTEM FOR RENEWABLE ENERGY APPLICATIONS 35
5.6 REGULATORY FRAMEWORK 36
5.7 IMPACT ANALYSIS OF COVID-19 36
5.7.1 IMPACT ON THE HYDRAULIC COMPONENT MARKET 36
5.7.2 IMPACT ON SUPPLY CHAIN OF HYDRAULIC COMPONENT 37
5.7.2.1 PRICE VARIATION OF KEY RAW MATERIALS 37
5.7.2.2 PRODUCTION SHUTDOWN 37
5.7.2.3 CASH FLOW CONSTRAINTS 37
5.7.2.4 IMPACT ON IMPORT/EXPORT 37
6 MARKET FACTOR ANALYSIS 38
6.1 SUPPLY CHAIN ANALYSIS 38
6.1.1 DESIGN & DEVELOPMENT 39
6.1.2 RAW MATERIAL & COMPONENT SUPPLY 39
6.1.3 MANUFACTURE & ASSEMBLY 39
6.1.4 SALES & DISTRIBUTION 39
6.1.5 END USE 39
6.2 PORTER’S FIVE FORCES MODEL 40
6.2.1 THREAT OF NEW ENTRANTS 41
6.2.2 BARGAINING POWER OF SUPPLIERS 41
6.2.3 BARGAINING POWER OF BUYERS 41
6.2.4 THREAT OF SUBSTITUTES 41
6.2.5 INTENSITY OF RIVALRY 41
7 GLOBAL HYDRAULIC COMPONENT MARKET, BY PRODUCT 42
7.1 OVERVIEW 42
7.2 PUMP 43
7.3 MOTOR 43
7.4 VALVE 43
7.5 CYLINDER 43
7.6 OTHERS 44
8 GLOBAL HYDRAULIC COMPONENT MARKET, BY APPLICATION 45
8.1 OVERVIEW 45
8.2 MOBILE 46
8.3 INDUSTRIAL 46
9 GLOBAL HYDRAULIC COMPONENT MARKET, BY END-USE 47
9.1 OVERVIEW 47
9.2 CONSTRUCTION 48
9.3 AGRICULTURE 48
9.4 MATERIAL HANDLING 48
9.5 AUTOMOTIVE 49
9.6 OIL & GAS 49
9.7 OTHERS 49
10 GLOBAL HYDRAULIC COMPONENT MARKET, BY REGION 50
10.1 OVERVIEW 50
10.2 NORTH AMERICA 51
10.2.1 US 53
10.2.2 CANADA 54
10.2.3 MEXICO 56
10.3 EUROPE 58
10.3.1 GERMANY 60
10.3.2 UK 61
10.3.3 FRANCE 62
10.3.4 ITALY 64
10.3.5 SPAIN 65
10.3.6 REST OF EUROPE 67
10.4 ASIA-PACIFIC 69
10.4.1 CHINA 70
10.4.2 INDIA 72
10.4.3 JAPAN 74
10.4.4 SOUTH KOREA 75
10.4.5 REST OF ASIA-PACIFIC 76
10.5 MIDDLE EAST & AFRICA 78
10.5.1 SAUDI ARABIA 80
10.5.2 SOUTH AFRICA 82
10.5.3 UAE 84
10.5.4 REST OF MIDDLE EAST & AFRICA 85
10.6 SOUTH AMERICA 88
10.6.1 BRAZIL 89
10.6.2 ARGENTINA 91
10.6.3 REST OF SOUTH AMERICA 93
11 COMPETITIVE LANDSCAPE 95
11.1 COMPETITIVE OVERVIEW 95
11.2 COMPETITIVE BENCHMARKING 96
11.3 MARKET SHARE ANALYSIS 97
11.4 KEY DEVELOPMENTS AND GROWTH STRATEGIES 97
11.4.1 NEW PRODUCT LAUNCHES/PRODUCT ENHANCEMENTS 97
11.4.2 ACQUISITION AND EXPANSION 99
11.4.3 PARTNERSHIPS AND AGREEMENTS 99
12 COMPANY PROFILES 100
12.1 WEBER HYDRAULIK GMBH 100
12.1.1 COMPANY OVERVIEW 100
12.1.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED 100
12.1.3 KEY DEVELOPMENTS 100
12.1.4 KEY STRATEGIES 100
12.2 BOSCH REXROTH AG 101
12.2.1 COMPANY OVERVIEW 101
12.2.2 FINANCIAL OVERVIEW 102
12.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 103
12.2.4 KEY DEVELOPMENTS 103
12.2.5 SWOT ANALYSIS 104
12.2.6 KEY STRATEGIES 104
12.3 EATON CORP PLC 105
12.3.1 COMPANY OVERVIEW 105
12.3.2 FINANCIAL OVERVIEW 106
12.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 107
12.3.4 KEY DEVELOPMENTS 107
12.3.5 SWOT ANALYSIS 108
12.3.6 KEY STRATEGIES 108
12.4 PACOMA GMBH 109
12.4.1 COMPANY OVERVIEW 109
12.4.2 PRODUCTS OFFERED 109
12.4.3 KEY STRATEGIES 109
12.5 HYDRATECH INDUSTRIES 110
12.5.1 COMPANY OVERVIEW 110
12.5.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED 110
12.5.3 KEY STRATEGIES 110
12.6 PARKER HANNIFIN CORPORATION 111
12.6.1 COMPANY OVERVIEW 111
12.6.2 FINANCIAL OVERVIEW 112
12.6.3 PRODUCTS OFFERED 113
12.6.4 KEY DEVELOPMENTS 113
12.6.5 SWOT ANALYSIS 114
12.6.6 KEY STRATEGIES 114
12.7 CATERPILLAR INC 115
12.7.1 COMPANY OVERVIEW 115
12.7.2 FINANCIAL OVERVIEW 116
12.7.3 PRODUCTS OFFERED 117
12.7.4 KEY DEVELOPMENTS 117
12.7.5 SWOT ANALYSIS 118
12.7.6 KEY STRATEGIES 118
12.8 NURMI HYDRAULICS 119
12.8.1 PRODUCTS/SOLUTIONS/SERVICES OFFERED 119
12.8.2 KEY STRATEGIES 119
12.9 LIGON INDUSTRIES, LLC 120
12.9.1 COMPANY OVERVIEW 120
12.9.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED 120
12.9.3 KEY STRATEGIES 120
12.10 ENERPAC TOOL GROUP CORP 121
12.10.1 COMPANY OVERVIEW 121
12.10.2 FINANCIAL OVERVIEW 122
12.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 123
12.10.4 KEY DEVELOPMENTS 123
12.10.5 SWOT ANALYSIS 124
12.10.6 KEY STRATEGIES 124
12.11 KYB CORPORATION 125
12.11.1 COMPANY OVERVIEW 125
12.11.2 FINANCIAL OVERVIEW 126
12.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 127
12.11.4 KEY DEVELOPMENTS 127
12.11.5 SWOT ANALYSIS 128
12.11.6 KEY STRATEGIES 128
12.12 CHANGJIANG HYDRAULIC 129
12.12.1 COMPANY OVERVIEW 129
12.12.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED 129
12.12.3 KEY STRATEGIES 129
12.13 WIPRO ENTERPRISES PRIVATE LIMITED 130
12.13.1 COMPANY OVERVIEW 130
12.13.2 FINANCIAL OVERVIEW 131
12.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 132
12.13.4 KEY DEVELOPMENTS 132
12.13.5 SWOT ANALYSIS 133
12.13.6 KEY STRATEGIES 133
12.14 DY POWER CORP 134
12.14.1 COMPANY OVERVIEW 134
12.14.2 FINANCIAL OVERVIEW 135
12.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 136
12.14.4 SWOT ANALYSIS 136
12.14.5 KEY STRATEGIES 136
12.15 ASO H&P 137
12.15.1 COMPANY OVERVIEW 137
12.15.2 PRODUCTS/SOLUTIONS/SERVICES OFFERED 137