Albany, NY (PRWEB) February 21, 2015
The report, titled Global Hydraulic Equipment Market 2015-2019 states that the market will observe moderate growth, at a CAGR of 4.54%, between the years 2015 and 2019.
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The global market for hydraulic equipment comprises equipment that use a kind of pressurized fluid for machine operations. Commonly, an engine or pump is used to drive the equipment that pressurizes hydraulic fluid.
The variety of hydraulic equipment used by machines includes motors, pumps, valves, and cylinders. Machines using hydraulic equipment are commonly employed in industries such as construction, oil and petrochemical, automotive, agriculture, metallurgical, and plastic. Hydraulic equipment use various fluids such as fluids based in petroleum, phosphate ester fire-resistant fluids, and synthetic fire-resistant fluids.
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The report states that the robustly growing end-user industry of construction, among many other important end-user industries, is the chief driving factor for the global hydraulic equipment market. The construction sector has especially progressed in developing economies of the world such as China and India from the Asia-Pacific region. A wide array of infrastructure development projects such as road, railways, and housing construction have led to an increased demand for earthmoving machines such as cranes, bulldozers, and loaders. These machines rely on hydraulic equipment for their operations.
The publication also states that the fire resistant properties of hydraulic equipment based on polyol ester and glycol fluids have led to an increased demand for such devices on a global front. Looking at this trend, hydraulic device manufacturers across the globe are increasingly focusing on the development of hydraulic equipment capable of working with fire-resistant fluids.
However, the high maintenance cost of hydraulic equipment is one of the major factors that could limit the market’s growth to a large extent over the next few years.
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The report gives a detailed account of important trends, positive as well as negative, affecting the market’s current state, factors driving and restricting the market’s growth, key businesses operating in the market, and the opportunities and threats faced by businesses in the market. Also presented is a detailed account of financial health, operational and marketing strategies, and strengths and weaknesses of the key vendors profiled in the report.
The notable players operating in the global hydraulic equipment market, as profiled by the report, include Daikin Industries, Bailey International, Feintool International, Parker Hannifin, Toshiba Machine, Mechatronics, Moog, Wipro Infrastructure Engineering, KYB, Eaton, and Bosch Rexroth.
The report bases its forecast on a detailed analysis of past and current trends in the market, studied according to a variety of industry-specific research aspects, multiple primary and secondary research techniques, and inputs from industry experts.
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