The global hydraulics market size reached USD 41.72 Billion in 2021 and is expected to register a revenue CAGR of 2.7% during the forecast period, according to latest analysis by Emergen Research. Rising trend of automation in various industries and increasing need for smart hydraulic equipment are key factors driving market revenue growth.

The Global Hydraulics market drivers and restraints Market report provides vital information that prepares market players to give fierce competition to their toughest competitors based on growth, sales, and revenue, among other essential factors. The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Hydraulics market drivers and restraints space

The incorporation of electronics and software into hydraulics systems can aid in providing smarter solutions and this is can result in increasing trend of automation and connected devices. The trend to adopt smart hydraulic equipment in industrial automation is gradually increasing which is prompting the manufacturers to develop and launch new technologies in the market. Manufacturers are developing various smarter hydraulic systems, including the incorporation of more advanced sensors and software. In August 2021 for instance, Hytec South Africa (RF) (PTY) Ltd., which is a South Africa-based company, developed Smart Inspection App for hydraulic systems. The Smart Inspection App allows hydraulic system inspection and service reports to be completed on a cell phone or tablet and emailed in real-time to the appropriate maintenance or section engineer.

The major companies Covered in the report are: 

Parker Hannifin Corporation, KYB Corporation, SMC Corporation, Bosch Rexroth AG, Danfoss Group, Eaton Corporation, Siemens AG, Komatsu Limited, Daikin Industries Ltd., and Kawasaki Heavy Industries Ltd

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Scope of the study

• A holistic overview of the Hydraulics market extending to all essential information of the said market.
• Market segmentation is done based on product types, applications, and end-user industries, among other critical factors. The market segments studied in this report include Graphene, Carbon Nanotube, Silver, Copper, and Others. The market analysis of the Hydraulics sector is well-curated and backed by extensive research on these market segments.
• The detailed study pertaining to the Global Hydraulics Market also sheds light on the analysis of the market position and market size.
• Additionally, the study also discusses the factors boosting the growth of the Hydraulics market. For the extensive analysis, the report relies on authentic sources of information, primarily acquired through interviews of industry experts.

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Emergen Research has segmented the global hydraulics market on the basis of component, type, end-use, and region:

• Component Outlook (Revenue, USD Billion; 2019-2030)
• Motors
• Valves
• Cylinders
• Pumps
• Accumulators
• Transmission
• Others

• Type Outlook (Revenue, USD Billion; 2019-2030)
• Industrial Hydraulics
• Mobile Hydraulics

• End-Use Outlook (Revenue, USD Billion; 2019-2030)
• Construction
• Agriculture
• Aerospace
• Automotive
• Metal Machinery
• Oil Gas
• Others

• Regional Outlook (Revenue, USD Billion; 2019–2030)
• North America
1. U.S.
2. Canada
3. Mexico
• Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
• Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
• Latin America
1. Brazil
2. Rest of LATAM
• Middle East Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

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