Ken Research has released comprehensive research on the global hydraulic fittings market industry titled – “Global hydraulic fittings market status, 2011-2022 market historical and forecasts, professional market research report”.
The basic knowledge about this industry like definition, specification, classification, application, industry policy and news has been highlighted in the report. The report throws light on global and regional markets and major manufacturers. It also provides segment market details on different classifications and applications in the industry. Among regional markets, it covers Europe, North America, South America, Asia (excluding China), China and ROW. The valuable market data contained in the report is related to capacity, production, capacity utilization rate, price, revenue, cost, gross margin, supply, import, export, consumption, market share, and growth rate in the hydraulic industry.
Manufacturers, suppliers, distributors, customers, investors and individuals interested in this market can greatly benefit from this report. A viable strategy for success can be formulated using this report which gives thorough marketing channel analysis, performance of major market players, market forecast from 2017 to 2022 in global and regional market and new project investment feasibility analysis.
Diverse Applications of Hydraulic Industry
In the coming years, the hydraulic industry would be an attractive proposition for investors. The products of this industry are in demand owing to surge in construction activities and industrialization in developing countries.
The multiple usage of hydraulic technology in aerospace, industrial machinery, oil and gas, and automotive industries points to its bright growth prospects. The growth in these sectors will definitely boost the growth of the hydraulic industry.
Another major driver of the hydraulic industry has been the automotive industry. In 2015, the increase in global sales of passenger motor vehicles such as passenger cars, light commercial vehicles, and light trucks generated a strong demand for hydraulic parts and fittings. In 2016, tax rebate on passenger vehicles in China resulted in a tremendous automotive growth, giving impetus to the hydraulic industry.
The versatile nature and easy manoeuvre of hydraulic technology make it appropriate for use in various sectors and promises growth in newer industry areas. It continues to play pivotal role in various industries such as steel making and primary metal extraction, machine tool, furnace equipment, textile machinery, rubber machinery, plastic processing, and general mechanical industries.
Competitive Landscape in the Hydraulic Industry
The global hydraulic industry is highly competitive and possesses a great growth potential. The competitive environment will intensify further in the market with increase in product extensions and technological advances in the future. North America has the highest market share, followed by Europe and the Asia-Pacific region which would soon catch up, owing to rapid growth of India and China.
The skilled and low-cost labours in India and China have become outsourcing hubs for some global hydraulic manufacturers. The strong US dollar and low-cost imports from Asia-Pacific countries are becoming increasingly more cost-competitive and are impacting businesses in Europe and North America.
Major Players in Hydraulic Industry
Parker, Eaton, Swagelok, Manuli, Voss, Gates, Hy-Lok, ITT, Alfagomma, SMC, Brennan, Rastelli, Stucchi, Cast, Larga, Air-Way, Stronger, NBXHJ, Huadsr, Perete
Key Topics Covered in the Report:
Global Hydraulic Industry Research Report
Global Hydraulic Market Revenue
Hydraulic Market Competition
Global Hydraulic Fittings Market Research
Global Hydraulic Fittings Market Forecast
North America Hydraulic Fittings Market
Europe Hydraulic Fittings Market
China Hydraulic Fittings Market
Asia Hydraulic Fittings Market
Hydraulic Fittings Market Imports
Hydraulic Fittings Market Exports
The global hydraulic industry has recovered much since the lowest growth of the late 2000s. The future of this industry looks bright with diversified usage of hydraulic industry products in other industries. The Asia-Pacific region would soon catch up with the growth rates of America and Europe in the hydraulic industry.
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Ankur Gupta, Head Marketing & Communications