Global Hydraulic Equipment Market for Mobile Applications to grow at a CAGR of 6.38% during the period 2016 - 2020; Finds New Report

Report forecast the global hydraulic equipment market for mobile applications to grow at a CAGR of 6.38% during the period 2016-2020.

Hydraulic equipment uses pressurized fluid to perform various machinery operations. Different types of fluids, including synthetic fire-resistant, phosphate ester fire-resistant, and petroleum-based fluids are used in hydraulic equipment. An engine is used to drive the pump to pressurize the hydraulic fluid. Hydraulic equipment is used in various mobile applications such as the automotive, construction, agriculture, aerospace, and marine industries.

The report covers the present scenario and the growth prospects of the global hydraulic equipment market for mobile applications for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of hydraulic equipment.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, mechanization of agriculture and growth in agriculture machinery market will drive growth in the market for hydraulic equipment. Meeting worldwide agricultural productivity targets to fulfill the estimated demand for food, fiber, and fuel by 2050 is a significant challenge for the global agriculture industry. Increased mechanization helps to overcome various agricultural constraints such as unskilled labor, limited arable land, and scarce resources to meet the 2050 targets.

Further, the report states that the global mining sector faced several challenges in 2015 due to factors like geopolitical turmoil, increasing costs, price volatility, the decline in the quality of mined products, and lack of adequate financing. With the drastic fall in the price of commodities, mining companies found it quite difficult to recalibrate. In 2016, the industry still faces a host of unresolved issues like declining demand for mined products.  

Global Hydraulic Equipment Market for Mobile Applications 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global hydraulic equipment market for mobile applications: Bosch Rexroth, Eaton, Kawasaki Heavy Industries, and Parker Hannifin.

Other Prominent Vendors in the market are: Brevini Fluid Power, Dongyang Mechatronics, Moog, WEBER-HYDRAULIK, and Wipro Infrastructure Engineering.

Market driver

• Mechanization of agriculture and growth in agriculture machinery market
• For a full, detailed list, view our report

Market challenge

• Rising preference for pneumatic equipment
• For a full, detailed list, view our report

Market trend

• Rising demand for fire-resistant hydraulic fluids
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 77 pages and 41 Exhibits “Global Hydraulic Equipment Market for Mobile Applications 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by components, Market segmentation by application, Geographical segmentation, Market drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://mrr.cm/3dA

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