Hydraulic Power Unit - Global Market Outlook (2017-2023)
According to Stratistics MRC, the Global Hydraulic Power Unit market is expected to grow from $3.12 billion in 2016 to reach $5.28 billion by 2023 with a CAGR of 7.7%. Rising demand for hydraulic power in agricultural products, growing usage of this power in industrial activities are some of the factors propelling the market growth. On the other hand, emerging alternatives for electro-mechanical & electric drives which are cheap and efficient than hydraulic power is considered to be one of the major factors hindering the market growth.
Based on the application, industrial segment has acquired the huge market share during the forecast period. The growth of this segment is owed to growing demand for machineries in industrial applications. However, Asia Pacific is anticipated to witness huge growth rate during the forecast period due to the rising demand for hydraulic power in agricultural industry and also increasing housing developments.
Some of the key players in Global Hydraulic Power Unit Market include Bosch Rexroth AG, Weber Hydraulik GmbH, Shanghai Mocen Fluid Power, Parker Hannifin Corporation, Nachi-Fujikoshi Corporation, MTS Systems Corporation, Hydro-Tek Co Ltd, Hydac International GmbH, Eaton Corporation, Brevini Fluid Power SPA, Bailey International LLC, Energy Manufacturing Company, Branch Hydraulic Systems Ltd, HCS Control Systems Ltd and Hydromega.
Applications Covered: • Industrial Application • Mobile Market • Other Applications
Regions Covered: • North America US Canada Mexico • Europe Germany France Italy UK Spain Rest of Europe • Asia Pacific Japan China India Australia New Zealand Rest of Asia Pacific • Rest of the World Middle East Brazil Argentina South Africa Egypt
What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements