Hydraulics Market

Hydraulics Market with COVID-19 Impact Analysis, by Components (Motors, Pumps, Cylinders, Valves, Filters, Accumulators, Transmissions, Others), Type (Mobile hydraulics and Industrial hydraulics), End User, and Region - Global Forecast to 2025

Report Code: SE 7800 Dec, 2020, by marketsandmarkets.com

Hydraulics Market

Hydraulics Market and Top Companies


Bosch Rexroth

Bosch Rexroth ranked first in the hydraulics market in 2019. Bosch Rexroth is a subsidiary of Bosch, which is a diversified manufacturer of automobile components, consumer electronics, building technologies, and industrial solutions. Bosch Rexroth helps its clients in meeting their mechanical and plant engineering challenges with its cutting-edge technology. The company’s extensive product portfolio has various industrial applications, such as mobile applications, machinery applications and engineering, and factory automation. In March 2020, Bosch Rexroth has launched the new load-sensing valves, RM10 (left) and RM15 (right) that are compact, general-purpose, and multi-application load-sensing directional control valves, optimally designed for the mobile application market.

Danfoss

Danfoss is involved in the research, development, production, and sales & services of mechanical and electronics products. The company offers various products for industries, such as automotive, marine and offshore, water and wastewater, district energy, energy and natural resources, residential buildings, and mobile hydraulics. The company offers its hydraulic products through the power solution segment. Further, in January 2020, Danfoss announced to acquire Eaton Hydraulics for USD 3.3 Billion. The acquisition is in line with Danfoss’ strategy to strengthen its core businesses and enhance customer value. The acquisition is subject to closing conditions and regulatory approvals; the deal is projected to close by the end of 2020.

Eaton:

Eaton is a leading power management company that offers energy-efficient solutions in the field of electricals, aerospace, and hydraulics. Eaton offers hydraulic equipment under the hydraulics business segment. The company manufactures a variety of hydraulic equipment that comply with the National Fluid Power Association (NFPA), including industrial-welded, tie rod, and mill duty cylinders. The company also provides a line-up of customized hydraulic equipment designed for special applications. Further, in January 2020, Eaton has signed an agreement to sell its hydraulic business to Danfoss for USD 3.3 billion. The company expects that the sale of its hydraulics business will close by the end of 2020.

Parker-Hannifin Corp:

The company manufactures motion and control technologies and systems and provides precision-engineered solutions to the mobile, industrial, and aerospace markets. The company offers a broad range of hydraulics systems and components through its diversified industrial segment. Parker offers a broad range of energy-efficient hydraulic equipment, including pumps, valves, cylinders, motors, and sensors. These products are mainly used in the manufacturing, agricultural, construction, and military vehicles and equipment industries. Further, in September 2019, the Cylinder Division of Parker-Hannifin Corp Parker Hannifin Corporation announced a Compact Cylinder Quick Ship program for standard compact hydraulic cylinders with their CHE and CHD product series. Parker’s manufacturing facilities are focused on shipping these core products rapidly to meet the fast turn-around required to service its customers, particularly in the automotive and die casting industries.

Hydraulics Market and Top Industries


Construction

The growing population across the world has increased the need for housing. In the emerging countries in APAC, such as China and India, the expansion of population has increased infrastructure development, including residential buildings, commercial buildings, roads, and bridges. Construction equipment manage increasingly complex tasks and are developed to withstand the most challenging environmental conditions. The components in machines need to function appropriately to ensure peak efficiency. Hence, they are fitted with hydraulics to tackle extreme pressures, high temperatures, shock, vibration, and contamination.

Agriculture

The agricultural sector is continuously developing and witnessing the integration of superior novel technologies that help to make work easier through the application of hydraulics. High-tech agricultural machinery is ideal for the production of crops and livestock management. Operations of the agricultural industry rely on these components and systems to operate at maximum efficiency, which limits downtime and keeps productivity high. Demand for these modern agricultural machines with smart hydraulics is high as they offer high reliability and flexibility, as well as ease of operation.

Materuial Handling

Material handling refers to activities such as handling, storing, and controlling materials during the manufacturing, warehousing, and distribution of a product. The manual handling of heavy machinery can cause injuries and potential damage to the products. Thus, handling or moving bulk items to the manufacturing areas require material handling equipment such as rough terrain cranes, crawler (tracked) cranes, knuckle boom cranes, truck-mounted cranes, truck body cranes, large forklifts, conveyors, mobile and fixed hoists, trail lifts telehandlers, and stackers. All these equipment make use of hydraulic equipment that can withstand abrasive conditions and high vibration levels.


Hydraulics Market by top Components

Cylinders

Hydraulic cylinders, also known as hydraulic actuators or linear hydraulic motors, are actuation devices that use pressurized hydraulic fluids to push and pull loads or resist the movement of these loads. These cylinders use the stored energy of hydraulic fluids, which can be oil or water, and convert this energy into a linear direction force (unidirectional force) for their movement. Hydraulic cylinders are durable and simple. They are easy to use. These cylinders are installed in industrial and mobile equipment used in construction, aerospace and defense, material handling, automotive, agriculture, mining, oil and gas, and marine applications.

Valves

Valves are used to maintain the flow of hydraulic fluids within hydraulic circuits. They can operate either electronically or mechanically. Different hydraulic valves available in the market are sectional control valves, selector valves, directional control valves, relief valves, solenoid valves, flow valves, and check valves. The effective integration of the latest technologies, such as the Internet of Things (IoT) with hydraulic valves, is anticipated to unlock future growth prospects for the valves segment of the hydraulics market.

Pumps

Hydraulics pumps are mechanical devices that convert mechanical energy to hydraulic energy. They work on the displacement principle. These pumps are used for lifting, opening, lowering, closing, or rotating components in numerous industrial and mobile applications. Hydraulic pumps are designed according to the functional requirements of applications wherein they are to be used.s

Key Questions Addressed by the Report:

  • Which hydraulics component would have the highest demand in the future?
  • What are the opportunities and challenges pertaining to the hydraulics market?
  • What are the key industry trends in the hydraulics market?
  • What would be the impact of digitalization on end-user and hydraulics companies?
  • What role emerging technologies such as AI, IoT, and 5G play in hydraulics?

[216 Pages Report] The global hydraulics market size is expected to grow from USD 37.4 billion in 2020 to USD 42.1 billion by 2025, at a CAGR of 2.4%. The growth of the market is attributed to growing construction activities drive significant demand for hydraulic equipment, increasing demand for material handling equipment, rising demand for advanced agriculture equipment, growing adaptation of hydraulic equipment by various industries ,. However, factors such as High high manufacturing and maintenance costs and Increased concerns regarding oil leaks are restraining the market growth. Moreover, the availability of substitute products acts as a challenge to hydraulic manufacturers.

Hydraulics Market

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Impact of COVID-19 on the Hydraulics market

COVID-19 has severely impacted the global economy and all the industries throughout the globe. This is mainly due to the disruptions in the supply chain across the globe. The economies across the world have declined as there is a major decline in the demand for products. The production across industries has been limited due to the pandemic resulting in the shortage of raw material. The decline in exports and the disruptions in the supply chain are the major factors contributing to the decline in production. The hydraulics market is thus getting affected by COVID-19. This has resulted in a lower estimated year-on-year growth rate for 2020 as compared with 2019.

Market Dynamics

DRIVERS: Growing construction activities drive significant demand for hydraulic equipment

The increase in construction activities will be a significant factor in driving the growth of the hydraulics market. Investments in infrastructural development are growing across the world, especially in developed economies, such as the US. Governments are making significant investments in the development of sports infrastructure and facilities. This growth in construction activities worldwide will increase the demand for hydraulic-based construction equipment, such as excavators, hydraulic cranes, and loaders. Further, according to a combined study by Oxford Economics and Global Construction Perspective (GCP), the construction industry is expected to reach a value of USD 15.5 trillion by 2030. A majority of the growth is expected to arrive from countries such as China, India, and the US. This, along with technological developments in the core construction and infrastructure industry, is expected to increase demand for hydraulic systems.

RESTRAINT: High manufacturing and maintenance costs

The manufacturing of hydraulic equipment requires metal forging and precise engineering to create a high-quality hydraulic system. There are cost barriers for small and medium enterprises (SMEs) to enter the hydraulics market. Besides the initial manufacturing cost of hydraulic equipment, they also incur maintenance costs over a period. There are several factors apart from oil leakage in hydraulic cylinders that need to be maintained. The quality and finish of the cylinder rod need to be examined regularly. If the rod is bent, it can cause a load shift.

OPPORTUNITIES: Growing focus on smart hydraulic equipment

Several companies in the hydraulic ecosystem are continuously investing in R&D activities to develop upgraded hydraulic equipment and offer better solutions to their customers. Due to stiff competition in the hydraulics market, companies need to upgrade their products periodically. The development of smart hydraulic equipment is one of the significant innovations in the market.

CHALLENGES: Availability of substitute product

Hydraulic systems are operated by fluid, mostly oil. The leakage of these fluids causes contamination in the surroundings. Thus, end users who require maintaining a clean and healthy environment lookout for cleaner alternatives. One such option is the use of the pneumatic system, which uses the pressure of compressed gas to produce a force in a reciprocating linear motion.

“Agriculture End User to grow at the fastest rate during the forecast period”

The agricultural sector is continuously developing and witnessing the integration of superior novel technologies that help to make work easier through the application of hydraulics. High-tech agricultural machinery is ideal for the production of crops and livestock management. Operations of the agricultural industry rely on these components and systems to operate at maximum efficiency, which limits downtime and keeps productivity high. Demand for these modern agricultural machines with smart hydraulics is high as they offer high reliability and flexibility, as well as ease of operation.

“Mobile hydraulics  to hold the largest share of hydraulics market by 2025”

Mobile hydraulic equipment are primarily used in machinery, which are not stationary. The increasing requirement of using hydraulic power at remote and difficult terrains leads to the installation of hydraulic cylinders in mobile equipment. Advancements in hydraulics technology have resulted in easy lifting and moving of heavy objects or equipment. The increased level of stability provided by mobile hydraulic systems during the lifting of heavy loads has made mobile hydraulics preferable for companies. The rise in the adoption of automated heavy construction and mining vehicles is fueling the growth of the mobile segment of the hydraulics market.

Hydraulics Market by Region

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“Hydraulics market in APAC to grow at the highest CAGR”

The growth of the hydraulics market in APAC can be attributed to rapid industrialization and infrastructure development. Hydraulic equipment is a major component in both construction equipment and agricultural equipment. Since both equipment have high demand in APAC, the market for hydraulics is expected to grow at a substantial rate in the next few years.

Key Market Players

Bosch Rexroth (Germany), Parker Hannifin Corporation (US), Danfoss (Denmark), Eaton (Ireland), KYB Corporation (Japan), SMC Corporation (Japan), HYDAC ( Germany), Wipro Enterpises(India). are a few major players in hydraulics market.

Scope of the Report

Report Metric

Details

Market Size Available for Years

2016–2025

Base Year

2019

Forecast Period

2020–2025

Units

Value (USD Billion/Million)

Segments Covered

Component, Type, and End User

Geographic Regions Covered

North America, APAC, Europe, and RoW

Companies Covered

Major Players: Bosch Rexroth (Germany), Parker Hannifin Corporation (US), Danfoss (Denmark), Eaton (Ireland), KYB Corporation (Japan), SMC Corporation (Japan), HYDAC ( Germany), Wipro Enterpises(India) and Others- total 25 players have been covered

This research report categorizes the hydraulics market by component, type, end user, and region.

By Component:

  • Motors
  • Pumps
  • Cylinders
  • Valves
  • Transmissions
  • Accumulators
  • Filters
  • Others

By Type:

  • Mobile Hydraulics
  • Industrial Hydrulics

By End User:

  • Aerospace
  • Agriculture
  • Automotive
  • Construction
  • Marine
  • Material Handling
  • Metal & Machinery Manufacturing
  • Mining
  • Oil & Gas
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Recent Developments

  • In March 2020, Parker Hannifin’s Hydraulic Pump and Power Systems (HPS) Division launched a new online configuration tool for its Gold Cup Pump and Motor Series with support for an additional product series planned in the future. The new eConfigurator tool will streamline a user’s online configuration with a convenient embedded tool view, including model-based dimensioning and an extended product summary in one location.
  • In March 2020, Bosch Rexroth launched new load-sensing valves—RM10 (left) and RM15 (right)—that are compact, general purpose, and multi-application load sense directional control valves, optimally designed for mobile application markets.
  • In January 2020, Danfoss announced its acquisition of Eaton Hydraulics for USD 3.3 Billion. The acquisition is fully in line with Danfoss’ strategy to strengthen its core businesses and enhance customer value. The acquisition is subject to closing conditions and regulatory approvals; to that end, the deal is projected to close by the end of 2020.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA
        FIGURE 1 HYDRAULICS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY & PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of major secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key industry insights
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
        FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: (SUPPLY SIDE): REVENUE OF PRODUCTS/SOLUTIONS/SERVICES OF HYDRAULICS MARKET
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market share by bottom-up analysis (demand side)
                            FIGURE 3 HYDRAULICS MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market share by top-down analysis (supply side)
                            FIGURE 4 HYDRAULICS MARKET: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION
        FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 41)
  FIGURE 6 COVID-19 IMPACT ANALYSIS ON HYDRAULICS MARKET
    3.1 REALISTIC SCENARIO
    3.2 PESSIMISTIC SCENARIO
    3.3 OPTIMISTIC SCENARIO
        FIGURE 7 HYDRAULIC CYLINDERS SEGMENT ACCOUNTED FOR LARGEST SHARE OF HYDRAULICS MARKET IN 2019
        FIGURE 8 MOBILE SEGMENT HELD LARGER SHARE OF HYDRAULICS MARKET IN 2019
        FIGURE 9 AGRICULTURE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
        FIGURE 10 APAC HYDRAULICS MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR HYDRAULICS MARKET
        FIGURE 11 HYDRAULICS MARKET TO WITNESS LUCRATIVE GROWTH OPPORTUNITIES IN APAC
    4.2 HYDRAULICS MARKET, BY COMPONENT
        FIGURE 12 CYLINDERS SEGMENT TO REGISTER HIGHEST CAGR BETWEEN 2020 AND 2025
    4.3 MARKET, BY END USER
        FIGURE 13 CONSTRUCTION SEGMENT TO HOLD LARGEST SHARE OF MARKET BY 2025
    4.4 MARKET, BY TYPE
        FIGURE 14 MOBILE SEGMENT TO HOLD MAJOR SHARE OF HYDRAULICS MARKET DURING FORECAST PERIOD
    4.5 MARKET, BY GEOGRAPHY
        FIGURE 15 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2025

5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 MARKET DRIVERS
                    5.2.1.1 Growing construction activities drive significant demand for hydraulic equipment
                    5.2.1.2 Increasing demand for material handling equipment
                    5.2.1.3 Rising demand for advanced agriculture equipment
                    5.2.1.4 Growing adaptation of hydraulic equipment by various industries
           5.2.2 RESTRAINTS
                    5.2.2.1 Increased concerns regarding oil leaks
                    5.2.2.2 High manufacturing and maintenance costs
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing focus on smart hydraulic equipment
                    5.2.3.2 Increasing adoption of electric vehicles
           5.2.4 CHALLENGES
                    5.2.4.1 Availability of substitute products
    5.3 VALUE CHAIN ANALYSIS
        FIGURE 16 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED DURING ASSEMBLY STAGE
    5.4 ECOSYSTEM
        FIGURE 17 HYDRAULICS MARKET: ECOSYSTEM
        TABLE 1 HYDRAULICS MARKET: ECOSYSTEM
    5.5 PORTER’S FIVE FORCE ANALYSIS
        TABLE 2 IMPACT OF EACH FORCE ON HYDRAULICS MARKET
    5.6 CASE STUDY
           5.6.1 USE CASE 1: EATON CORPORATION
           5.6.2 USE CASE 2: PARKER-HANNIFIN CORP
           5.6.3 USE CASE 3: BOSCH REXROTH
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 INTRODUCTION
           5.7.2 IMPACT OF IOT IN HYDRAULIC ECOSYSTEM
                    5.7.2.1 Introduction
                    5.7.2.2 IoT empowers control in hydraulic applications
                            FIGURE 18 MONITORING OF HYDRAULIC-BASED MACHINERY USING IOT
                    5.7.2.3 IoT offers remote control of plant systems
                    5.7.2.4 Integration of IoT with fluid power
                    5.7.2.5 IoT Sensors in hydraulics
           5.7.3 INCREASING DIGITIZATION OF MOBILE HYDRAULIC PRODUCT PORTFOLIO
           5.7.4 INCREASING USE OF DIFFERENT SENSOR TECHNOLOGIES IN MOBILE HYDRAULICS
                    5.7.4.1 Position sensors have become vital in mobile hydraulic solutions
           5.7.5 IMPACT OF 5G TECHNOLOGY IN HYDRAULIC ECOSYSTEM
           5.7.6 SHIFT OF FUNCTIONALITY IN SOFTWARE ARCHITECTURE USED FOR INDUSTRY 4.0
           5.7.7 SOFTWARE & SERVICES
                    5.7.7.1 Software to help automate various tasks involved in running and monitoring devices
    5.8 PRICING ANALYSIS
        TABLE 3 AVERAGE SELLING PRICE BASED ON CYLINDER TYPE
    5.9 TRADE ANALYSIS
           5.9.1 EXPORT SCENARIO OF HYDRAULIC MOTORS & LINEAR ACTING CYLINDERS
                 TABLE 4 EXPORTS, BY COUNTRY, 2015–2019 (USD MILLION)
           5.9.2 IMPORT SCENARIO OF HYDRAULIC MOTORS & LINEAR ACTING CYLINDERS
                 TABLE 5 IMPORTS, BY COUNTRY, 2015–2019 (USD MILLION)
    5.10 PATENT ANALYSIS
    5.11 REGULATORY LANDSCAPE
           5.11.1 ISO 4413:2010
           5.11.2 ISO 4409:2007
           5.11.3 ISO 4401:2005

6 HYDRAULICS MARKET, BY COMMUNICATION TECHNOLOGY (Page No. - 71)
    6.1 INTRODUCTION
    6.2 RADIOFREQUENCY
    6.3 BLUETOOTH
    6.4 WI-FI
    6.5 3G/4G CELLULAR

7 HYDRAULICS MARKET, BY SENSOR (Page No. - 73)
    7.1 INTRODUCTION
        FIGURE 19 HYDRAULICS MARKET, BY SENSOR
        TABLE 6 HYDRAULICS MARKET, BY SENSOR, 2019–2025 (USD MILLION)
    7.2 TILT SENSORS
           7.2.1 UPSURGE IN USE OF TILT SENSORS IN MINING AND CONSTRUCTION INDUSTRY DRIVES SEGMENT
    7.3 POSITION SENSORS
           7.3.1 ACCELERATED TREND OF INDUSTRIAL AUTOMATION DRIVING DEMAND FOR POSITION SENSORS
    7.4 PRESSURE SENSORS
           7.4.1 LARGE-SCALE ADOPTION OF IOT AND REMOTE CONNECTIVITY TO INCREASE DEMAND FOR PRESSURE SENSORS
    7.5 TEMPERATURE SENSORS
           7.5.1 GROWING REQUIREMENTS FOR REAL-TIME TEMPERATURE MONITORING IN HYDRAULICS WILL DRIVE DEMAND FOR TEMPERATURE SENSORS
    7.6 LEVEL SENSORS
           7.6.1 IMPLEMENTATION OF IIOT AND INDUSTRY 4.0 IN HYDRAULICS FUELS DEMAND FOR LEVEL SENSORS
    7.7 FLOW SENSORS
           7.7.1 RISING DEMAND FOR SMART AND INTELLIGENT FLOW METERS FOR REAL-TIME MONITORING

8 HYDRAULICS MARKET, BY TYPE (Page No. - 77)
    8.1 INTRODUCTION
        FIGURE 20 MARKET SEGMENTATION, BY TYPE
        TABLE 7 HYDRAULICS MARKET, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 8 HYDRAULICS MARKET, BY TYPE, 2020–2025 (USD MILLION)
        FIGURE 21 MOBILE SEGMENT TO LEAD HYDRAULICS MARKET FROM 2020 TO 2025
    8.2 MOBILE
           8.2.1 MOBILE SEGMENT TO LEAD HYDRAULICS MARKET FROM 2020 TO 2025
                 TABLE 9 MOBILE HYDRAULICS MARKET, BY COMPONENT, 2016–2019 (USD MILLION)
                 TABLE 10 MOBILE HYDRAULICS MARKET, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 11 MOBILE HYDRAULICS MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 12 MOBILE HYDRAULICS MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.3 INDUSTRIAL
           8.3.1 INDUSTRIAL HYDRAULICS MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
                 TABLE 13 INDUSTRIAL HYDRAULICS MARKET, BY COMPONENT, 2016–2019 (USD MILLION)
                 TABLE 14 INDUSTRIAL HYDRAULICS MARKET, BY COMPONENT, 2020–2025 (USD MILLION)
                 TABLE 15 INDUSTRIAL HYDRAULICS MARKET, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 16 INDUSTRIAL HYDRAULICS MARKET, BY REGION, 2020–2025 (USD MILLION)

9 HYDRAULICS MARKET, BY COMPONENT (Page No. - 84)
    9.1 INTRODUCTION
        FIGURE 22 HYDRAULICS MARKET, BY COMPONENT
        TABLE 17 HYDRAULICS MARKET, BY COMPONENT, 2016–2019 (USD MILLION)
        TABLE 18 MARKET, BY COMPONENT, 2020–2025 (USD MILLION)
    9.2 MOTORS
           9.2.1 DESIGN UPGRADATION AND TECHNICAL INNOVATIONS IN HYDRAULIC MOTORS TO FUEL THEIR GLOBAL DEMAND
                 TABLE 19 HYDRAULICS MARKET FOR MOTORS, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 20 MARKET FOR MOTORS, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 21 MARKET FOR MOTORS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 22 MARKET FOR MOTORS, BY REGION, 2020–2025 (USD MILLION)
    9.3 PUMPS
           9.3.1 SURGE IN ADOPTION OF HYDRAULIC PUMPS TO INCREASE PRODUCTIVITY OF MACHINES
                 TABLE 23 HYDRAULICS MARKET FOR PUMPS, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 24 MARKET FOR PUMPS, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 25 MARKET FOR PUMPS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 26 MARKET FOR PUMPS, BY REGION, 2020–2025 (USD MILLION)
    9.4 CYLINDERS
           9.4.1 INCREASE IN FOCUS ON DEVELOPING SMART HYDRAULIC CYLINDERS
                 TABLE 27 HYDRAULICS MARKET FOR CYLINDERS, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 28 MARKET FOR CYLINDERS, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 29 MARKET FOR CYLINDERS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 30 MARKET FOR CYLINDERS, BY REGION, 2020–2025 (USD MILLION)
    9.5 VALVES
           9.5.1 SURGE IN DEMAND FOR ADVANCED DIGITAL HYDRAULIC VALVES TO FUEL GROWTH OF VALVES SEGMENT OF MARKET
                 TABLE 31 HYDRAULICS MARKET FOR VALVES, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 32 MARKET FOR VALVES, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 33 MARKET FOR VALVES, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 34 MARKET FOR VALVES, BY REGION, 2020–2025 (USD MILLION)
    9.6 TRANSMISSIONS
           9.6.1 GROWTH IN DEMAND FOR HYDRAULIC TRANSMISSIONS FOR OPERATING HEAVY-DUTY MACHINERY
                 TABLE 35 HYDRAULICS MARKET FOR TRANSMISSIONS, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 36 MARKET FOR TRANSMISSIONS, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 37 MARKET FOR TRANSMISSIONS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 38 MARKET FOR TRANSMISSIONS, BY REGION, 2020–2025 (USD MILLION)
    9.7 ACCUMULATORS
           9.7.1 INCREASE IN DEVELOPMENT OF ENERGY-EFFICIENT HYDRAULIC ACCUMULATORS TO CONTRIBUTE TO MARKET GROWTH
                 TABLE 39 HYDRAULICS MARKET FOR ACCUMULATORS, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 40 MARKET FOR ACCUMULATORS, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 41 MARKET FOR ACCUMULATORS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 42 HYDRAULICS MARKET FOR ACCUMULATORS, BY REGION, 2020–2025 (USD MILLION)
    9.8 FILTERS
           9.8.1 RISE IN DEMAND FOR HYDRAULIC FILTERS FROM VARIOUS END-USE INDUSTRIES TO LIMIT SYSTEM FAILURES TO CONTRIBUTE TO MARKET GROWTH
                 TABLE 43 HYDRAULICS MARKET FOR FILTERS, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 44 MARKET FOR FILTERS, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 45 MARKET FOR FILTERS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 46 HYDRAULICS MARKET FOR FILTERS, BY REGION, 2020–2025 (USD MILLION)
    9.9 OTHERS
        TABLE 47 HYDRAULICS MARKET FOR OTHER COMPONENTS, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 48 MARKET FOR OTHER COMPONENTS, BY TYPE, 2020–2025 (USD MILLION)
        TABLE 49 MARKET FOR OTHER COMPONENTS, BY REGION, 2016–2019 (USD MILLION)
        TABLE 50 HYDRAULICS MARKET FOR OTHER COMPONENTS, BY REGION, 2020–2025 (USD MILLION)

10 HYDRAULICS MARKET, BY END USER (Page No. - 99)
     10.1 INTRODUCTION
          FIGURE 23 HYDRAULICS MARKET, BY END USER
          FIGURE 24 CONSTRUCTION INDUSTRY TO HOLD LARGEST SIZE OF HYDRAULICS MARKET IN 2020
          TABLE 51 HYDRAULICS MARKET, BY END USER, 2016–2019 (USD MILLION)
          TABLE 52 HYDRAULICS MARKET, BY END USER, 2020–2025 (USD MILLION)
     10.2 CONSTRUCTION
             10.2.1 CONSTRUCTION INDUSTRY TO LEAD HYDRAULICS MARKET, IN TERMS OF SIZE, DURING FORECAST PERIOD
                    TABLE 53 HYDRAULICS MARKET FOR CONSTRUCTION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 54 MARKET FOR CONSTRUCTION, BY REGION, 2020–2025 (USD MILLION)
             10.2.2 IMPACT OF COVID-19 ON CONSTRUCTION INDUSTRY
     10.3 AEROSPACE
             10.3.1 INCREASING DEMAND FOR ELECTRO-HYDRAULIC COMPONENTS TO FUEL GROWTH OF HYDRAULICS MARKET
                    TABLE 55 HYDRAULICS MARKET FOR AEROSPACE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 56 MARKET FOR AEROSPACE, BY REGION, 2020–2025 (USD MILLION)
             10.3.2 IMPACT OF COVID-19 ON AEROSPACE INDUSTRY
     10.4 MATERIAL HANDLING
             10.4.1 MATERIAL HANDLING SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD
                    TABLE 57 HYDRAULICS MARKET FOR MATERIAL HANDLING, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 58 MARKET FOR MATERIAL HANDLING, BY REGION, 2020–2025 (USD MILLION)
             10.4.2 IMPACT OF COVID-19 ON MATERIAL HANDLING INDUSTRY
     10.5 AGRICULTURE
             10.5.1 INCREASING DEMAND FOR HIGH-TECH AGRICULTURAL MACHINERY AND EQUIPMENT
                    TABLE 59 HYDRAULICS MARKET FOR AGRICULTURE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 60 MARKET FOR AGRICULTURE, BY REGION, 2020–2025 (USD MILLION)
             10.5.2 IMPACT OF COVID-19 ON AGRICULTURAL INDUSTRY
     10.6 MINING
             10.6.1 BENEFITS OF HYDRAULICS OVER CONVENTIONAL TECHNIQUES TO FUEL DEMAND FOR HYDRAULICS IN MINING INDUSTRY
                    TABLE 61 HYDRAULICS MARKET FOR MINING, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 62 MARKET FOR MINING, BY REGION, 2020–2025 (USD MILLION)
             10.6.2 IMPACT OF COVID-19 ON MINING INDUSTRY
     10.7 AUTOMOTIVE
             10.7.1 INCREASING APPLICATION OF HYDRAULICS IN AUTOMOTIVE INDUSTRY TO CREATE LUCRATIVE GROWTH OPPORTUNITIES
                    TABLE 63 HYDRAULICS MARKET FOR AUTOMOTIVE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 64 MARKET FOR AUTOMOTIVE, BY REGION, 2020–2025 (USD MILLION)
             10.7.2 IMPACT OF COVID-19 ON AUTOMOTIVE INDUSTRY
     10.8 MARINE
             10.8.1 ASIA PACIFIC MARKET FOR MARINE INDUSTRY TO HOLD LARGEST SIZE DURING FORECAST PERIOD
                    TABLE 65 HYDRAULICS MARKET FOR MARINE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 66 MARKET FOR MARINE, BY REGION, 2020–2025 (USD MILLION)
             10.8.2 IMPACT OF COVID-19 ON MARINE INDUSTRY
     10.9 METAL & MACHINERY MANUFACTURING
             10.9.1 INCREASING DEMAND FOR PREDICTIVE MAINTENANCE IN MANUFACTURING INDUSTRY TO PROPEL DEMAND FOR SMART HYDRAULICS
                    TABLE 67 HYDRAULICS MARKET FOR METAL & MACHINERY MANUFACTURING, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 68 MARKET FOR METAL & MACHINERY MANUFACTURING, BY REGION, 2020–2025 (USD MILLION)
     10.10 OIL & GAS
             10.10.1 ROW TO BE FASTEST-GROWING REGION IN HYDRAULICS MARKET FOR OIL & GAS INDUSTRY
                     TABLE 69 HYDRAULICS MARKET FOR OIL & GAS, BY REGION, 2016–2019 (USD MILLION)
                     TABLE 70 MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)
             10.10.2 IMPACT OF COVID-19 ON OIL & GAS INDUSTRY
     10.11 OTHERS
           TABLE 71 HYDRAULICS MARKET FOR OTHERS, BY REGION, 2016–2019 (USD MILLION)
           TABLE 72 HYDRAULICS MARKET FOR OTHERS, BY REGION, 2020–2025 (USD MILLION)

11 GEOGRAPHIC ANALYSIS (Page No. - 116)
     11.1 INTRODUCTION
          FIGURE 25 HYDRAULICS MARKET, BY REGION
          FIGURE 26 GEOGRAPHIC SNAPSHOT: HYDRAULICS MARKET
          TABLE 73 HYDRAULICS MARKET, BY REGION, 2016–2019 (USD MILLION)
          TABLE 74 HYDRAULICS MARKET, BY REGION, 2020–2025 (USD MILLION)
     11.2 NORTH AMERICA
          FIGURE 27 SNAPSHOT OF HYDRAULICS MARKET IN NORTH AMERICA
             11.2.1 IMPACT OF COVID-19 ON NORTH AMERICAN MARKET
             11.2.2 US
                        11.2.2.1 US to hold largest size of North American market during forecast period
             11.2.3 CANADA
                        11.2.3.1 Growth of Canadian market to be driven by expanding mining industry
             11.2.4 MEXICO
                        11.2.4.1 Growth of Mexican market to be driven by growing oil & gas industry
                                 TABLE 75 HYDRAULICS MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                                 TABLE 76 MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                                 TABLE 77 MARKET IN NORTH AMERICA, BY COMPONENT, 2016–2019 (USD MILLION)
                                 TABLE 78 MARKET IN NORTH AMERICA, BY COMPONENT, 2020–2025 (USD MILLION)
                                 TABLE 79 MARKET IN NORTH AMERICA, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 80 MARKET IN NORTH AMERICA, BY END USER, 2020–2025 (USD MILLION)
                                 TABLE 81 MARKET IN NORTH AMERICA, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 82 HYDRAULICS MARKET IN NORTH AMERICA, BY TYPE, 2020–2025 (USD MILLION)
     11.3 EUROPE
          FIGURE 28 SNAPSHOT OF HYDRAULICS MARKET IN EUROPE
             11.3.1 IMPACT OF COVID-19 ON EUROPEAN MARKET
             11.3.2 GERMANY
                        11.3.2.1 Significant presence of leading manufacturers of hydraulic equipment in Germany to drive market growth
             11.3.3 FRANCE
                        11.3.3.1 Rising demand for material handling equipment to drive market growth in France
             11.3.4 UK
                        11.3.4.1 Expanding marine industry to boost demand for hydraulics in UK
             11.3.5 REST OF EUROPE
                    TABLE 83 HYDRAULICS MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 84 MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 85 MARKET IN EUROPE, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 86 MARKET IN EUROPE, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 87 MARKET IN EUROPE, BY END USER, 2016–2019 (USD MILLION)
                    TABLE 88 MARKET IN EUROPE, BY END USER, 2020–2025 (USD MILLION)
                    TABLE 89 MARKET IN EUROPE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 90 HYDRAULICS MARKET IN EUROPE, BY TYPE, 2020–2025 (USD MILLION)
     11.4 APAC
          FIGURE 29 SNAPSHOT OF HYDRAULICS MARKET IN APAC
             11.4.1 IMPACT OF COVID-19 ON APAC MARKET
             11.4.2 JAPAN
                        11.4.2.1 Presence of large number of hydraulic equipment suppliers to fuel market growth
             11.4.3 CHINA
                        11.4.3.1 Growing industrialization and urbanization in China to fuel demand for hydraulic equipment
             11.4.4 INDIA
                        11.4.4.1 Rising demand for hydraulics in construction industry to boost market growth in India
             11.4.5 SOUTH KOREA
                        11.4.5.1 Growth of shipbuilding industry in South Korea to boost demand for hydraulic-based components
             11.4.6 REST OF APAC
                    TABLE 91 HYDRAULICS MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 92 HYDRAULICS MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 93 MARKET IN APAC, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 94 MARKET IN APAC, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 95 MARKET IN APAC, BY END USER, 2016–2019 (USD MILLION)
                    TABLE 96 MARKET IN APAC, BY END USER, 2020–2025 (USD MILLION)
                    TABLE 97 MARKET IN APAC, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 98 HYDRAULICS MARKET IN APAC, BY TYPE, 2020–2025 (USD MILLION)
     11.5 ROW
             11.5.1 IMPACT OF COVID-19 ON ROW MARKET
             11.5.2 SOUTH AMERICA
             11.5.3 MIDDLE EAST
                        11.5.3.1 Rising investments in oil & gas industry to drive market growth in Middle East
             11.5.4 AFRICA
                        11.5.4.1 Growing demand for mining equipment to create demand for hydraulics in Africa
                                 TABLE 99 HYDRAULICS MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
                                 TABLE 100 HYDRAULICS MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
                                 TABLE 101 MARKET IN ROW, BY COMPONENT, 2016–2019 (USD MILLION)
                                 TABLE 102 MARKET IN ROW, BY COMPONENT, 2020–2025 (USD MILLION)
                                 TABLE 103 MARKET IN ROW, BY END USER, 2016–2019 (USD MILLION)
                                 TABLE 104 MARKET IN ROW, BY END USER, 2020–2025 (USD MILLION)
                                 TABLE 105 MARKET IN ROW, BY TYPE, 2016–2019 (USD MILLION)
                                 TABLE 106 HYDRAULICS MARKET IN ROW, BY TYPE, 2020–2025 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 142)
     12.1 INTRODUCTION
     12.2 TOP 5 COMPANY REVENUE ANALYSIS
          FIGURE 30 HYDRAULICS MARKET: MARKET SHARE ANALYSIS (2019)
     12.3 MARKET SHARE ANALYSIS OF PLAYERS, 2019
          TABLE 107 MARKET SHARE OF TOP FIVE PLAYERS IN HYDRAULICS MARKET IN 2019
     12.4 COMPETITIVE LEADERSHIP MAPPING, 2019
             12.4.1 STAR
             12.4.2 EMERGING LEADER
             12.4.3 PERVASIVE
             12.4.4 PARTICIPANT
                    FIGURE 31 HYDRAULICS MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
             12.4.5 HYDRAULICS MARKET: PRODUCT FOOTPRINT
                    TABLE 108 PRODUCT FOOTPRINT OF COMPANIES
                    TABLE 109 END USER FOOTPRINT OF COMPANIES
                    TABLE 110 REGIONAL FOOTPRINT OF COMPANIES
             12.4.6 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION QUADRANT, 2019
                        12.4.6.1 Progressive companies
                        12.4.6.2 Responsive companies
                        12.4.6.3 Dynamic companies
                        12.4.6.4 Starting blocks
                                 FIGURE 32 HYDRAULICS MARKET (GLOBAL), SME EVALUATION QUADRANT, 2019
     12.5 COMPETITIVE SITUATIONS AND TRENDS
             12.5.1 AGREEMENT, PARTNERSHIP, EXPANSION, AND ACQUISITION
                    TABLE 111 AGREEMENT, PARTNERSHIPS, EXPANSION, ACQUISITION, 2018–2020
             12.5.2 PRODUCT LAUNCHES AND DEVELOPMENTS
                    TABLE 112 PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2020

13 COMPANY PROFILES (Page No. - 153)
(Business Overview, Products/solutions/services offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     13.1 INTRODUCTION
     13.2 KEY PLAYERS
             13.2.1 ACTUANT CORPORATION (ENERPAC TOOL GROUP)
                    FIGURE 33 ACTUANT CORPORATION (ENERPAC TOOL GROUP): COMPANY SNAPSHOT
             13.2.2 BOSCH REXROTH AG
                    FIGURE 34 BOSCH REXROTH: COMPANY SNAPSHOT
             13.2.3 DANFOSS
                    FIGURE 35 DANFOSS: COMPANY SNAPSHOT
             13.2.4 EATON
                    FIGURE 36 EATON: COMPANY SNAPSHOT
             13.2.5 HYDAC
             13.2.6 KAWASAKI HEAVY INDUSTRIES
                    FIGURE 37 KAWASAKI HEAVY INDUSTRIES: COMPANY SNAPSHOT
             13.2.7 KYB CORPORATION
                    FIGURE 38 KYB CORPORATION: COMPANY SNAPSHOT
             13.2.8 SMC CORPORATION
                    FIGURE 39 SMC CORPORATION: COMPANY SNAPSHOT
             13.2.9 PARKERHANNIFIN CORP
                    FIGURE 40 PARKER-HANNIFIN CORP: COMPANY SNAPSHOT
             13.2.10 WIPRO ENTERPRISES
                     FIGURE 41 WIPRO ENTERPRISES: COMPANY SNAPSHOT
     13.3 OTHER KEY PLAYERS
             13.3.1 ADVANCED HYDRAULICS, LLC
             13.3.2 AGGRESSIVE HYDRAULICS, INC.
             13.3.3 BAILEY INTERNATIONAL, LLC
             13.3.4 GBB INDUSTRIES
             13.3.5 HOLMATRO
             13.3.6 INTERPUMP HYDRAULICS
             13.3.7 LEHIGH FLUID POWER, INC.
             13.3.8 LIGON HYDRAULIC CYLINDER GROUP
             13.3.9 MARREL
             13.3.10 PACOMA GMBH
             13.3.11 STANDEX INTERNATIONAL
             13.3.12 TEXAS HYDRAULICS
             13.3.13 VALARM
             13.3.14 WEBER-HYDRAULIK
             13.3.15 YUASA CO., LTD.

*Details on Business Overview, Products/solutions/services offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

14 ADJACENT & RELATED MARKETS (Page No. - 188)
     14.1 INTRODUCTION
     14.2 LIMITATIONS
     14.3 AGV MARKET, BY TYPE
             14.3.1 INTRODUCTION
                    FIGURE 42 AGV MARKET, BY TYPE
                    TABLE 113 AGV MARKET, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 114 AGV MARKET, BY TYPE, 2020–2025 (USD MILLION)
             14.3.2 TOW VEHICLES
                        14.3.2.1 Tow vehicles to hold largest size of global AGV market in 2020
                                 TABLE 115 AGV MARKET FOR TOW VEHICLES, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 116 AGV MARKET FOR TOW VEHICLES, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION)
                                 TABLE 117 AGV MARKET FOR TOW VEHICLES, BY INDUSTRY, 2016–2019 (USD MILLION)
                                 TABLE 118 AGV MARKET FOR TOW VEHICLES, BY INDUSTRY, 2020–2025 (USD MILLION)
                                 TABLE 119 AGV MARKET FOR TOW VEHICLES, BY REGION, 2016–2019 (USD MILLION)
                                 TABLE 120 AGV MARKET FOR TOW VEHICLES, BY REGION, 2020–2025 (USD MILLION)
             14.3.3 UNIT LOAD CARRIERS
                        14.3.3.1 Automotive industry to be major contributor to demand for unit load carriers
                                 TABLE 121 AGV MARKET FOR UNIT LOAD CARRIERS, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 122 AGV MARKET FOR UNIT LOAD CARRIERS, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION)
                                 TABLE 123 AGV MARKET FOR UNIT LOAD CARRIERS, BY INDUSTRY, 2016–2019 (USD MILLION)
                                 TABLE 124 AGV MARKET FOR UNIT LOAD CARRIERS, BY INDUSTRY, 2020–2025 (USD MILLION)
                                 TABLE 125 AGV MARKET FOR UNIT LOAD CARRIERS, BY REGION, 2016–2019 (USD MILLION)
                                 TABLE 126 AGV MARKET FOR UNIT LOAD CARRIERS, BY REGION, 2020–2025 (USD MILLION)
             14.3.4 PALLET TRUCKS
                        14.3.4.1 Vision-guided pallet trucks to register highest growth in market during forecast period
                                 TABLE 127 AGV MARKET FOR PALLET TRUCKS, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 128 AGV MARKET FOR PALLET TRUCKS, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION)
                                 TABLE 129 AGV MARKET FOR PALLET TRUCKS, BY INDUSTRY, 2016–2019 (USD MILLION)
                                 TABLE 130 MARKET FOR PALLET TRUCKS, BY INDUSTRY, 2020–2025 (USD MILLION)
                                 TABLE 131 MARKET FOR PALLET TRUCKS, BY REGION, 2016–2019 (USD MILLION)
                                 TABLE 132 MARKET FOR PALLET TRUCKS, BY REGION, 2020–2025 (USD MILLION)
             14.3.5 ASSEMBLY LINE VEHICLES
                        14.3.5.1 Assembly line vehicles majorly used for transportation of subassemblies
                                 TABLE 133 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 134 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION)
                                 TABLE 135 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY INDUSTRY, 2016–2019 (USD MILLION)
                                 TABLE 136 MARKET FOR ASSEMBLY LINE VEHICLES, BY INDUSTRY, 2020–2025 (USD MILLION)
                                 TABLE 137 MARKET FOR ASSEMBLY LINE VEHICLES, BY REGION, 2016–2019 (USD MILLION)
                                 TABLE 138 AGV MARKET FOR ASSEMBLY LINE VEHICLES, BY REGION, 2020–2025 (USD MILLION)
             14.3.6 FORKLIFT TRUCKS
                        14.3.6.1 E-commerce segment of AGV market for forklift trucks to grow at highest CAGR from 2020 to 2025
                                 TABLE 139 AGV MARKET FOR FORKLIFT TRUCKS, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 140 AGV MARKET FOR FORKLIFT TRUCKS, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION)
                                 TABLE 141 MARKET FOR FORKLIFT TRUCKS, BY INDUSTRY, 2016–2019 (USD MILLION)
                                 TABLE 142 MARKET FOR FORKLIFT TRUCKS, BY INDUSTRY, 2020–2025 (USD MILLION)
                                 TABLE 143 MARKET FOR FORKLIFT TRUCKS, BY REGION, 2016–2019 (USD MILLION)
                                 TABLE 144 MARKET FOR FORKLIFT TRUCKS, BY REGION, 2020–2025 (USD MILLION)
             14.3.7 OTHERS
                    TABLE 145 AGV MARKET FOR OTHER TYPES, BY NAVIGATION TECHNOLOGY, 2016–2019 (USD MILLION)
                    TABLE 146 MARKET FOR OTHER TYPES, BY NAVIGATION TECHNOLOGY, 2020–2025 (USD MILLION)
                    TABLE 147 MARKET FOR OTHER TYPES, BY INDUSTRY, 2016–2019 (USD MILLION)
                    TABLE 148 MARKET FOR OTHER TYPES, BY INDUSTRY, 2020–2025 (USD MILLION)
                    TABLE 149 MARKET FOR OTHER TYPES, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 150 MARKET FOR OTHER TYPES, BY REGION, 2020–2025 (USD MILLION)

15 APPENDIX (Page No. - 209)
     15.1 INSIGHTS OF INDUSTRY EXPERTS
     15.2 DISCUSSION GUIDE
     15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.4 AVAILABLE CUSTOMIZATIONS
     15.5 RELATED REPORTS
     15.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the hydraulics market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the hydraulics market.  

Secondary Research

Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

The impact and implication of COVID-19 on manufacturing industries, as well as hydraulics products, have also been discussed in this section. Various secondary sources include corporate filings such as annual reports, investor presentations, and financial statements, trade, business and professional associations, white papers, manufacturing associations, and more.

Primary Research

Primary sources mainly consist of several experts from the core and related industries, along with preferred suppliers, manufacturers, distributors, technology developers, alliances, standards, and certification organizations related to various segments of this industry’s value chain.

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply-side included various industry experts (with a key focus on the impact of COVID-19), such as Chief X Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from hydraulicsvendors, such as Bosch Rexroth (Germany), Parker Hannifin Corporation (US), Danfoss (Denmark), Eaton (Ireland), KYB Corporation (Japan), SMC Corporation (Japan), HYDAC ( Germany), Wipro Enterpises(India); system integrators, professional and managed service providers, industry associations, independent automation consultants and importers, distributors, and key opinion leaders. Following is the breakdown of primary respondents

The breakdown of primary respondents is provided below.

Hydraulics Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the hydraulics market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:

  • Major players in the industry and markets have been identified through extensive secondary research.
  • The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Hydraulics Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Report Objectives

  • To describe and forecast the hydraulics market, in terms of component, by type, and end user
  • To describe and forecast the market, in terms of value, with regard to four main regions: Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW) along with their respective countries
  • To describe and forecast the market, in terms of value, by end user
  • To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To provide a detailed overview of the value chain of hydraulics
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the hydraulics market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the hydraulics
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze competitive strategies, such as product launches, expansions, and acquisitions, adopted by key market players in the hydraulics market

Available Customizations

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Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
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