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New York, November 22, 2021/PRNewswire/ - From 2020 to 2025, the market for hydraulic equipment used in mobile applications is expected to grow by USD 11.72 billion. Technavio's latest market research report estimates that the hydraulic equipment market for mobile applications will make progress at a compound annual growth rate of 5.38%.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Increased automation in the automotive industry and strict regulations on carbon emissions and environmental safety will provide huge growth opportunities. In order to take advantage of current opportunities, market suppliers must gain a foothold in the fast-growing market segment while maintaining their position in the slow-growing market segment.
The report covers the following areas:
2021-2025 Mobile Application Hydraulic Equipment Market: Segmentation
By type, the market witnessed the greatest demand for pumps and motors in 2020. During the forecast period, market growth in the field of pumps and motors will be significant. Geographically, the Asia-Pacific region is expected to provide the largest growth opportunity for hydraulic equipment manufacturers. This region currently accounts for 46% of the global market share and will dominate market growth during the forecast period. China and Japan are the main markets for mobile hydraulic equipment in the Asia-Pacific region.
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2021-2025 Mobile Application Hydraulic Equipment Market: Supplier Analysis and Scope To help companies improve their market position, the mobile application hydraulic equipment market provides a detailed analysis of approximately 25 suppliers in the market. Some of these suppliers include Bosch Rexroth AG, Daikin Industries Ltd., Dana Inc., Eaton Corp. Plc, HYDAC Verwaltung GmbH, Kawasaki Heavy Industries Ltd., Parker Hannifin Corp., SIKA Dr. Siebert & Kuhn GmbH & Co. KG, WEBER-HYDRAULIK GmbH and Wipro Enterprises (P) Ltd.
Increasing demand to improve machine performance and reduce operating time is likely to become the main trend in the market. However, the growing focus on electric drives may threaten the growth of the market.
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2021-2025 mobile application hydraulic equipment market: main highlights
Hydraulic Actuator Market by End User and Geographical Location-Forecast and Analysis 2021-2025
Industrial hose market by application and geography-forecast analysis for 2021-2025
Mobile application hydraulic equipment market scope
Accelerate with a compound annual growth rate of 5.38%
Asia Pacific, North America, Europe, MEA and South America
U.S., China, Germany, Japan, and U.K.
Leading company, competitive strategy, scope of consumer participation
Bosch Rexroth AG, Daikin Industries Ltd., Dana Inc., Eaton Corp. Plc, HYDAC Verwaltung GmbH, Kawasaki Heavy Industries Ltd., Parker Hannifin Corp., SIKA Dr. Siebert & Kuhn GmbH & Co. KG, WEBER-HYDRAULIK GmbH, And Wipro Enterprises (P) Ltd.
Mother market analysis, market growth incentives and obstacles, fast-growing and slow-growing market segments, COVID-19 impact and future consumer dynamics, and market conditions during the forecast period.
If our report does not contain the data you are looking for, you can contact our analysts and customize the market segment.
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