Hydraulic Equipment: A Global Strategic Business Report
San Jose, California (PRWEB) July 23, 2007
Hydraulic equipment industry is broadly divided in two application sectors - mobile applications and industrial applications. While the mature industrial segment is likely to experience sluggish growth rates, mobile hydraulics is slated for sturdy growth stemming from advanced equipment. Integration of hydraulic equipment with electronics facilitates improved accuracy, enhanced functionality, easy-to-use and controlled performance.
On the regional front, demand from developing countries is growing on account of infrastructure development, while in mature markets, demand arises mostly from the replacement parts and accessories sector. The industry continues to trend towards higher concentration of market players with full-line manufacturing by a single supplier becoming the norm. In the recent past, the industry witnessed significant consolidation both at the manufacturer's and the distributors' end.
United States is the largest market worldwide, worth an estimated US$12.5 billion in 2007. Europe is the second largest regional market followed by Japan at third position. Collectively, the US, Japan and Europe account for about 70 percent of the global hydraulic equipment market as stated by Global Industry Analysts, Inc. The global and regional markets are expected to grow at CAGRs ranging between 3% and 7%. Asia excluding Japan is the fastest growing market at a CAGR of 6.9% through 2010. Hydraulic pumps and motors market is the largest segment with sales estimated at US$11.9 billion in 2007. Hydraulic cylinders market is projected to record a CAGR of 6.2% through 2010. Hydraulic valves, the second largest segment, is expected to reach US$13.1 billion by 2010.
The global marketplace is fragmented and characterized by several well-established players as well as small niche players. Market participants include Commercial Hydraulics Inc, Daikin Industries Ltd., Dongyang Mechatronics Corp, Eaton Corporation, Feintool Group, Kayaba Industry Company Ltd., Moog, Inc., Nabtesco Corp, Nachi-Fujikoshi Corp, Parker Hannifin Corp, Sauer Danfoss Inc, Toshiba Machine Co, Wipro Infrastructure Engineering, Yuken Kogyo Co and others.
"Hydraulic Equipment: A Global Strategic Business Report" by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, challenges, product profile, players, competition, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and the Middle East. Analytics are provided in terms of product segments including Accumulators and Filters, Cylinders, Power Packs, Pumps and Motors, Valves, and Other Hydraulic Equipment.
For more details about this research report, please visit http://www.strategyr.com/MCP-1162.asp.
About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com