LONDON--(BUSINESS WIRE)--According to the latest market research report released by Technavio, the global hydraulic equipment market is expected to accelerate at a CAGR of over 3% during the forecast period. The rise in building and construction activities is one of the key drivers for the hydraulic equipment market.
This research report titled ‘Global Hydraulic Equipment Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
The global hydraulic equipment market analysis categorizes the market into the following applications:
In 2017, the mobile segment accounted for nearly 65% of the global market and is projected to contribute to almost 66% share by 2022, exhibiting almost 1% increase in market share.
Global hydraulic equipment market: Top emerging trend
The increasing penetration of digitization and IoT in hydraulic devices is a major hydraulic equipment market trend. The IoT technology can be used for determining hydraulic hose failure or connector leakage that is one of the major issues with hydraulic systems. The integration of IoT and digital solutions with hydraulic systems assists in enhancing the overall capability of the hydraulic systems. It also provides the users with better diagnostic capability for their systems and offers new growth opportunities for hydraulic equipment.
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Technavio’s report provides expert market research on the following topics:
- Market Outline
- Global Hydraulic Equipment Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by application (mobile and industrial)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (DAIKIN INDUSTRIES, Eaton, Kawasaki Heavy Industries, Parker Hannifin, and Robert Bosch)
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