Fluid Power Equipment Distributors in the US - Industry Market Research Report
Description
Fluid Power Equipment Distributors in the US
Fluid power equipment distributors have faced volatile conditions following swings in the economy stemming from the pandemic. Fluid power equipment has a variety of uses, allowing distributors to diversify their client base. This prevents major swings in revenue if a single downstream market is affected. The pandemic hindered the manufacturing and mining sector, generating the bulk of revenue as businesses were forced to operate at limited capacity or shut down temporarily. The residential construction market was a saving grace for distributors, preventing companies from exhibiting a major slump in revenue. As the economy recovered and businesses reopened, the need for equipment rebounded slightly. Overall, revenue is expected to decline at a CAGR of 1.2% over the five years to 2023 reaching $25.1 billion, including a 0.9% slump in 2023 alone. Profit has remained steady despite major hiccups as distributors adjust prices accordingly.
Operators distribute fluid power equipment to manufacturers, mining companies and other users. The distributed equipment can be hydraulic or pneumatic, using liquid or gas to generate power and actuate machines and devices. Operators distribute fluid power pumps and motors, as well as parts and accessories such as valves.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Fluid power equipment distributors have faced volatile conditions following swings in the economy stemming from the pandemic. Fluid power equipment has a variety of uses, allowing distributors to diversify their client base. This prevents major swings in revenue if a single downstream market is affected. The pandemic hindered the manufacturing and mining sector, generating the bulk of revenue as businesses were forced to operate at limited capacity or shut down temporarily. The residential construction market was a saving grace for distributors, preventing companies from exhibiting a major slump in revenue. As the economy recovered and businesses reopened, the need for equipment rebounded slightly. Overall, revenue is expected to decline at a CAGR of 1.2% over the five years to 2023 reaching $25.1 billion, including a 0.9% slump in 2023 alone. Profit has remained steady despite major hiccups as distributors adjust prices accordingly.
Operators distribute fluid power equipment to manufacturers, mining companies and other users. The distributed equipment can be hydraulic or pneumatic, using liquid or gas to generate power and actuate machines and devices. Operators distribute fluid power pumps and motors, as well as parts and accessories such as valves.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
43 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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