Hydraulic Components: A Global Strategic Business Report
San Jose, California (PRWEB) January 28, 2015
Follow us on LinkedIn – The global manufacturing sector is steadily improving, as indicated by the strengthening PMI indices. Consumer-driven manufacturing growth in developed economies is supported by employment gains, lower household debt burdens, and rise in wealth as a result of higher stock and home prices. In Europe, the recent launch of a new manifesto by the European Commission and the proposed policy amendments to improve the competitiveness of the domestic manufacturing industry bode well for market growth in the region. The world automotive manufacturing industry will mirror stable growth of over 4% over the analysis period. Production capacity expansion and growth in sales will come largely from developing countries and will positively impact demand for automotive hydraulics integrated into transmission systems.
The drive towards plant automation to enhance productivity, reduce downtime, and conserve energy, is providing significant impetus to demand for industrial hydraulic equipment designed to support process automation. Developing countries in Asia, Latin America and Middle East are spearheading global growth in plant & process automation, led by robust pace of industrialization, manufacturing infrastructure development, and GDP growth. Against this backdrop, demand is forecast to grow strongly for hydraulics based plant automation systems. Use of hydraulics, especially compact hydraulics, in assembly automation offers advantages such as smooth lifting and lowering of loads, flexible adherence to pre-programmed machine speeds, lower production costs and elimination of production downtime losses.
The growth in industrial activity is benefiting the transportation and logistics industry, which is a critical link in the manufacturing supply chain. The ensuing strong demand for material handling equipment such as scissor lifts, dock levelers, stackers, fork-lifts together with expansion in warehouse facilities, are helping spur growth of hydraulic components such as cylinders and pistons. Robust construction activity, particularly in developing markets, is driving demand for hydraulic excavators. Increase in the number of commercial and infrastructure projects in emerging markets such as China, India, Brazil and Middle East, is creating healthy demand for hydraulic equipment. Growth in the market is also expected to come from increased demand for hydraulic drilling equipment. Demand for hydraulic components used in oil and gas exploration machinery is poised to gain, as the world oil and gas industry continues its shift from established traditional reserves to more expensive and complex oil and gas resources, such as shale, and deepwater projects. Extraction from non-conventional oil reserves requires the use of sophisticated hydraulic machinery.
As stated by the new market research report on Hydraulic Components, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a projected CAGR of 7.4% over the analysis period. Growth in the region is led by mechanization of agriculture and the ensuing demand for mobile hydraulics. Key factors driving investments in agricultural automation include need to improve land productivity and yields, increase labor productivity, decrease production costs, reduce environmental impact of aggressive farming, enhance energy efficiency and promote efficient use of resources.
Major players in the market include Atos Electrohydraulics, Avic Liyuan Hydraulic Co. Ltd., Bailey International LLC, Bosch Rexroth AG, Daikin Industries Ltd., Dongyang Mechatronics Corporation, Eaton Corporation, Jiangsu Hengli Highpressure Oil Cylinder Co. Ltd., Kawasaki Heavy Industries Ltd., KYB Co. Ltd., Moog Inc., Nabtesco Corporation, Nachi-Fujikoshi Corp, Parker Hannifin Corporation, Sauer-Danfoss Inc., Tokyo Keiki Inc., Toshiba Machine Co Ltd., Weber-Hydraulik GmbH, Wipro Infrastructure Engineering Ltd., Yuci Hydraulics Co. Ltd., and Yuken Kogyo Co Ltd., among others.
The research report titled “Hydraulic Components: A Global Strategic Business Report”, announced by Global Industry Analysts, Inc., provides a comprehensive review of industry segments, trends, growth drivers, restraints, market share, size and demand projections and forecasts. Major geographic regions covered include the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), The Middle East and Latin America (Brazil and Rest of Latin America). Product markets analyzed include Accumulators & Filters, Cylinders, Power Packs, Pumps & Motors, Valves and Others. The report also offers coverage on mergers, acquisitions, product launches and other strategic industry activities of major global and regional players.
For more details about this comprehensive market research report, please click here
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