Mobile Hydraulic Equipment: Introduction
- Mobile hydraulic equipment are power transmission systems for mobile applications across various industries. Mobile hydraulic equipment are easy to maintain and reduce troubleshooting time
- Mobile hydraulic equipment are more productive, functional, and safer for the people behind the machine. Mobile hydraulic equipment are used mostly by industries where stringent safety requirements and regulations exist, and extreme labor and heavy machinery is required.
- The global mobile hydraulic equipment market is projected to expand at a rapid pace during the forecast period due to increasing demand for mobile hydraulic equipment from agriculture, forestry, and construction sectors. This is primarily because machinery and equipment operate in rigorous or harsh conditions in these sectors.
Global Mobile Hydraulic Equipment Market: Dynamics
Global Mobile Hydraulic Equipment Market: Key Drivers and Restraints
- Construction is an integral part of industrialization. Rising demand for efficient, maneuverable, precise, and safe equipment from the construction sector is expected to boost the demand for mobile hydraulic equipment during the forecast period.
- Rise in demand to improve machine performance and decrease the operation time are anticipated to fuel the demand for mobile hydraulic equipment during the forecast period.
- Increasing construction activities and increasing infrastructure investments by governments coupled with the need to reduce fuel economy and emissions, and technology advancements in the construction industry are some of the major factors projected to boost the global mobile hydraulic equipment market in the next few years.
- Stringent regulations on carbon emissions and environmental safety is anticipated to boost the demand for mobile hydraulic equipment.
- Significant investments in the development of sports infrastructure and facilities is likely to expand construction activities, which is expected to indirectly influence the demand for mobile hydraulic equipment.
- Rising automation in the automotive industry plays an important role in boosting the global mobile hydraulic equipment market. This is primarily due to the increasing adoption of electric vehicles and new designs of multi-featured electric vehicles that require efficient mobile hydraulic equipment.
Increasing focus on electric actuation hampers the mobile hydraulic equipment market
- Increasing focus on electric actuation is the major factors anticipated to hamper the global mobile hydraulic equipment market in the next few years.
- Increasing replacement of hydraulic tools with pneumatic and electric tools is projected to hinder the market growth globally.
Asia Pacific to Hold Major Share of the Global Mobile Hydraulic Equipment Market
- In terms of region, the global mobile hydraulic equipment market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Asia Pacific dominated the global mobile hydraulic equipment market and is projected to expand at a rapid pace during the forecast period. This can be attributed to increasing government focus on modern irrigation machinery owing to growing industrialization and globalization coupled with growing construction activities, which is expected to propel the mobile hydraulic equipment market in the region.
- North America hold the second largest share of the global mobile hydraulic equipment market in 2018, due to mature industrialization and presence of well-established technology advanced manufacturers in the region. The U.S. is a key market in North America, due to high demand for mobile hydraulic equipment in the country.
Global Mobile Hydraulic Equipment Market: Competition Landscape
Key Players Operating in the Global Mobile Hydraulic Equipment Market
Several local, regional, and international players operate in the market and manufacture mobile hydraulic equipment. Hence, the market is fairly fragmented and the bargaining power of suppliers is low. The degree of competition among market players is also high. Rapid technological advancements have led to opportunities in the global mobile hydraulic equipment market. Market players are progressively focusing on merger and acquisition activities to improve their existing product offerings and develop new products. Key players operating in the global mobile hydraulic equipment market are:
- Daikin Industries Ltd.
- Eaton Corp. Plc
- Emerson Electric Co.
- Kawasaki Heavy Industries Ltd.
- Komatsu Ltd.
- Parker-Hannifin Corp.
- Robert Bosch GmbH
- Siemens AG
- WEBER-HYDRAULIK GmbH
- Wipro Enterprises (P) Ltd.
Global Mobile Hydraulic Equipment Market: Research Scope
Global Mobile Hydraulic Equipment Market Segmentation, by Type
- Pumps
- Motors
- Valves
- Cylinders
- Transmissions
- Accumulators and filters
- Others (hoses, fittings, tubes, couplings, etc.)
Global Mobile Hydraulic Equipment Market Segmentation, by Industry
- Construction
- Agriculture
- Material Handling
- Oil & Gas
- Aerospace & Defense
- Mining
- Others
Global Mobile Hydraulic Equipment Market Segmentation, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
