NEW YORK, May 27, 2020 /PRNewswire/ — Amid the COVID-19 crisis and the looming economic recession, the Hydraulic Components market worldwide will grow by a projected US$17.1 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.6%. Pumps & Motors, one of the segments analyzed and sized in this study, is forecast to grow at over 4.4% and reach a market size of US$23.7 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Pumps & Motors market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
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As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2.2% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$416.6 Million to the region’s size over the next 7 to 8 years. In addition, over US$424.3 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Pumps & Motors segment will reach a market size of US$883.6 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Hydraulic Components market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 7% over the next couple of years and add approximately US$5.6 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Hydraulic Components market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others, Atos Spa; Bailey International LLC; Bosch Rexroth AG; Crane Aerospace & Electronics, Inc.; Daikin Industries Ltd.; Eaton Corporation; Kawasaki Heavy Industries Ltd.; KYB Co., Ltd.; Linde Hydraulics GmbH & Co. KG; Nabtesco Corporation; N
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HYDRAULIC COMPONENTS MCP-1
MARKET ANALYSIS, TRENDS, AND FORECASTS, JUNE 2
CONTENTS
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Ubiquity of Fluid Power in Modern Engineering: The Cornerstone for Growth of Hydraulic Components Recent Market Activity A Peek Into the State of Competitive Affairs With Global GDP Now Plateauing, It is a Mixed Bag of Opportunities & Challenges for the Hydraulics Market Energy Efficacy is No Longer a Concept Alien to Hydraulics, In – fact it is the New Buzzword for Future Growth in the Market Market Outlook Global Competitor Market Shares Hydraulic Components Competitor Market Share Scenario Worldwide (in %): 2020 & 2029 Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Atos Spa (Italy) Bailey International LLC (USA) Bosch Rexroth AG (Germany) Bucher Hydraulics GmbH (Germany) Danfoss Power Solutions (USA) Eaton Corporation (USA) Enerpac Corp (USA) HAWE Hydraulik SE (Germany) Hengli Group (China) HYDAC (Germany) Hydratech Industries (Denmark) Kawasaki Heavy Industries Ltd. (Japan) KYB Co., Ltd. (Japan) Liebherr Group (Switzerland) Linde Hydraulics GmbH & Co. KG (Germany) Nabtesco Corporation (Japan) Nachi-Fujikoshi Corp. (Japan) Pacoma GmbH (Germany) Parker Hannifin Corporation (USA) Tokyo Keiki, Inc. (Japan) Weber-Hydraulik GmbH (Germany) Wipro Infrastructure Engineering Ltd. (India) Yuken Kogyo Co., Ltd. (Japan)
3. MARKET TRENDS & DRIVERS
Energy Efficiency Benefits of Innovative Hydraulic Fluid Formulation & Additives to Spur Growth in the Market Industrial Automation & Robotics and the Ensuing Demand for Motion and Control Technologies Drives Baseline Growth for Hydraulic Components in the Industrial Sector Stable Market for Machine Tools Promises Ample Business Opportunity for Hydraulic Components Growing Focus on Predictive Maintenance of Hydraulic Equipment/ Systems & the Ensuing Increase in Parts Replacement to Benefit Demand for Hydraulic Components Wild Oil Prices Bring the Pain Back to the O&G Industry but Spurs the Emphasis on Productivity, Capital Efficiency & Ability to Break-Even at the Lowest Price The Fracking Revolution & Robust Outlook for Shale Gas & Oil Production to Benefit Market Growth Sustained Recovery in Construction Activity Creates Healthy Opportunities for Construction Machinery Hydraulics Uncertainties Resurface After Two Years of Recovery in the Mining Industry, Throwing Hydraulic Components for Mining Equipment Back Into Stress Strong Demand for Agricultural Equipment in Industrializing Nations to Drive Opportunities for Mobile Hydraulics Electro-Hydraulic Automation, An All Consuming Design Theme Among Equipment Manufacturers Changing Engineering Design Trends Opens New Growth Avenues for Aircraft & Vehicle Hydraulics Growing Preference for Hydraulic Elevators, as Against Traction & Electric Elevators, to Benefit Demand for Hydraulic Components Offshore Outsourcing of Hydraulic Components: A Key Manufacturing Trend Water-Based Hydraulic Systems Grow in Popularity Hydraulic Filters to Witness Growth
4. GLOBAL MARKET PERSPECTIVE
Table 1: Hydraulic Components Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027 Table 2: Hydraulic Components Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019 Table 3: Hydraulic Components Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027 Table 4: Pumps & Motors (Product Segment) World Market by Region/Country in US$ Million: 2020 to 2027 Table 5: Pumps & Motors (Product Segment) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019 Table 6: Pumps & Motors (Product Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027 Table 7: Valves (Product Segment) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027 Table 8: Valves (Product Segment) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019 Table 9: Valves (Product Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027 Table 10: Cylinders (Product Segment) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027 Table 11: Cylinders (Product Segment) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019 Table 12: Cylinders (Product Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027 Table 13: Accumulators & Filters (Product Segment) World Market Estimates and Forecasts by Region/Country in US$ Million: 2
to 2027 Table 14: Accumulators & Filters (Product Segment) Market Historic Review by Region/Country in US$ Million: 2012 to 2019 Table 15: Accumulators & Filters (Product Segment) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027 Table 16: Power Packs (Product Segment) World Market by Region/Country in US$ Million: 2020 to 2027 Table 17: Power Packs (Product Segment) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019 Table 18: Power Packs (Product Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027 Table 19: Other Product Segments (Product Segment) World Market Estimates and Forecasts in US$ Million by Region/Country: 2
to 2027 Table 20: Other Product Segments (Product Segment) Market Worldwide Historic Review by Region/Country in US$ Million: 2012 to 2019 Table 21: Other Product Segments (Product Segment) Market Percentage Share Distribution by Region/Country: 2012 VS 2
VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS UNITED STATES Market Facts & Figures US Hydraulic Components Market Share (in %) by Company: 2020 & 2025 Market Analytics Table 22: United States Hydraulic Components Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027 Table 23: Hydraulic Components Market in the United States by Product Segment: A Historic Review in US$ Million for 2012-2019 Table 24: United States Hydraulic Components Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 CANADA Table 25: Canadian Hydraulic Components Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027 Table 26: Canadian Hydraulic Components Historic Market Review by Product Segment in US$ Million: 2012-2019 Table 27: Hydraulic Components Market in Canada: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027 JAPAN Table 28: Japanese Market for Hydraulic Components: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027 Table 29: Hydraulic Components Market in Japan: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019 Table 30: Japanese Hydraulic Components Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027 CHINA Table 31: Chinese Hydraulic Components Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027 Table 32: Hydraulic Components Historic Market Analysis in China in US$ Million by Product Segment: 2012-2019 Table 33: Chinese Hydraulic Components Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027 EUROPE Market Facts & Figures European Hydraulic Components Market: Competitor Market Share Scenario (in %) for 2020 & 2025 Market Analytics Table 34: European Hydraulic Components Market Demand Scenario in US$ Million by Region/Country: 2020-2027 Table 35: Hydraulic Components Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019 Table 36: European Hydraulic Components Market Share Shift by Region/Country: 2012 VS 2020 VS 2027 Table 37: European Hydraulic Components Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027 Table 38: Hydraulic Components Market in Europe in US$ Million by Product Segment: A Historic Review for the Period 2012-2019 Table 39: European Hydraulic Components Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 FRANCE Table 40: Hydraulic Components Market in France by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027 Table 41: French Hydraulic Components Historic Market Scenario in US$ Million by Product Segment: 2012-2019 Table 42: French Hydraulic Components Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027 GERMANY Table 43: Hydraulic Components Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027 Table 44: German Hydraulic Components Historic Market Analysis in US$ Million by Product Segment: 2012-2019 Table 45: German Hydraulic Components Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 ITALY Table 46: Italian Hydraulic Components Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027 Table 47: Hydraulic Components Historic Market Analysis in Italy in US$ Million by Product Segment: 2012-2019 Table 48: Italian Hydraulic Components Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027 UNITED KINGDOM Table 49: United Kingdom Market for Hydraulic Components: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027 Table 50: Hydraulic Components Market in the United Kingdom: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019 Table 51: United Kingdom Hydraulic Components Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027 SPAIN Table 52: Spanish Hydraulic Components Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027 Table 53: Spanish Hydraulic Components Historic Market Review by Product Segment in US$ Million: 2012-2019 Table 54: Hydraulic Components Market in Spain: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027 RUSSIA Table 55: Russian Hydraulic Components Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027 Table 56: Hydraulic Components Market in Russia by Product Segment: A Historic Review in US$ Million for 2012-2019 Table 57: Russian Hydraulic Components Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 REST OF EUROPE Table 58: Rest of Europe Hydraulic Components Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027 Table 59: Hydraulic Components Market in Rest of Europe in US$ Million by Product Segment: A Historic Review for the Period 2012-2019 Table 60: Rest of Europe Hydraulic Components Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 ASIA-PACIFIC Table 61: Asia-Pacific Hydraulic Components Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027 Table 62: Hydraulic Components Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019 Table 63: Asia-Pacific Hydraulic Components Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027 Table 64: Hydraulic Components Market in Asia-Pacific by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027 Table 65: Asia-Pacific Hydraulic Components Historic Market Scenario in US$ Million by Product Segment: 2012-2019 Table 66: Asia-Pacific Hydraulic Components Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027 AUSTRALIA Table 67: Hydraulic Components Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027 Table 68: Australian Hydraulic Components Historic Market Analysis in US$ Million by Product Segment: 2012-2019 Table 69: Australian Hydraulic Components Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 INDIA Table 70: Indian Hydraulic Components Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027 Table 71: Indian Hydraulic Components Historic Market Review by Product Segment in US$ Million: 2012-2019 Table 72: Hydraulic Components Market in India: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027 SOUTH KOREA Table 73: Hydraulic Components Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027 Table 74: South Korean Hydraulic Components Historic Market Analysis in US$ Million by Product Segment: 2012-2019 Table 75: Hydraulic Components Market Share Distribution in South Korea by Product Segment: 2012 VS 2020 VS 2027 REST OF ASIA-PACIFIC Table 76: Rest of Asia-Pacific Market for Hydraulic Components: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027 Table 77: Hydraulic Components Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019 Table 78: Rest of Asia-Pacific Hydraulic Components Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027 LATIN AMERICA Table 79: Latin American Hydraulic Components Market Trends by Region/Country in US$ Million: 2020-2027 Table 80: Hydraulic Components Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019 Table 81: Latin American Hydraulic Components Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027 Table 82: Latin American Hydraulic Components Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027 Table 83: Hydraulic Components Historic Market Analysis in Latin America in US$ Million by Product Segment: 2012-2019 Table 84: Latin American Hydraulic Components Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027 ARGENTINA Table 85: Argentinean Hydraulic Components Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027 Table 86: Hydraulic Components Market in Argentina in US$ Million by Product Segment: A Historic Review for the Period 2012-2019 Table 87: Argentinean Hydraulic Components Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 BRAZIL Table 88: Hydraulic Components Market in Brazil by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027 Table 89: Brazilian Hydraulic Components Historic Market Scenario in US$ Million by Product Segment: 2012-2019 Table 90: Brazilian Hydraulic Components Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027 MEXICO Table 91: Hydraulic Components Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027 Table 92: Mexican Hydraulic Components Historic Market Analysis in US$ Million by Product Segment: 2012-2019 Table 93: Mexican Hydraulic Components Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 REST OF LATIN AMERICA Table 94: Rest of Latin America Hydraulic Components Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027 Table 95: Hydraulic Components Market in Rest of Latin America by Product Segment: A Historic Review in US$ Million for 2012-2019 Table 96: Rest of Latin America Hydraulic Components Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 MIDDLE EAST Table 97: The Middle East Hydraulic Components Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027 Table 98: Hydraulic Components Market in the Middle East by Region/Country in US$ Million: 2012-2019 Table 99: The Middle East Hydraulic Components Market Share Breakdown by Region/Country: 2012, 2020, and 2027 Table 100: The Middle East Hydraulic Components Market Estimates and Forecasts in US$ Million by Product Segment: 2
to 2027 Table 101: The Middle East Hydraulic Components Historic Market by Product Segment in US$ Million: 2012-2019 Table 102: Hydraulic Components Market in the Middle East: Percentage Share Breakdown of Sales by Product Segment for 2012,2020, and 2027 IRAN Table 103: Iranian Market for Hydraulic Components: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027 Table 104: Hydraulic Components Market in Iran: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019 Table 105: Iranian Hydraulic Components Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027 ISRAEL Table 106: Israeli Hydraulic Components Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027 Table 107: Hydraulic Components Market in Israel in US$ Million by Product Segment: A Historic Review for the Period 2012-2019 Table 108: Israeli Hydraulic Components Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 SAUDI ARABIA Table 109: Saudi Arabian Hydraulic Components Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027 Table 110: Hydraulic Components Historic Market Analysis in Saudi Arabia in US$ Million by Product Segment: 2012-2019 Table 111: Saudi Arabian Hydraulic Components Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027 UNITED ARAB EMIRATES Table 112: Hydraulic Components Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027 Table 113: United Arab Emirates Hydraulic Components Historic Market Analysis in US$ Million by Product Segment: 2012-2019 Table 114: Hydraulic Components Market Share Distribution in United Arab Emirates by Product Segment: 2012 VS 2020 VS 2027 REST OF MIDDLE EAST Table 115: Hydraulic Components Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027 Table 116: Rest of Middle East Hydraulic Components Historic Market Analysis in US$ Million by Product Segment: 2012-2019 Table 117: Rest of Middle East Hydraulic Components Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027 AFRICA Table 118: African Hydraulic Components Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027 Table 119: Hydraulic Components Market in Africa by Product Segment: A Historic Review in US$ Million for 2012-2019 Table 120: African Hydraulic Components Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 317
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