Jan 10, 2020   SOURCE: BusinessWire

Global Fluid Power Market is Estimated to Reach US$57.26 Billion in 2023 Growing with a CAGR of 3.20% - ResearchAndMarkets.com

The "Global Fluid Power Systems (Hydraulic & Pneumatic) Market Report: Insights, Trends & Forecast (2019-2023)" report has been added to ResearchAndMarkets.com's offering.

The global fluid power market is estimated to reach US$57.26 billion in 2023, growing at a CAGR of 3.20% for the period spanning 2019-2023.

The growth of the market has been driven by an upsurge in economic growth, expanding urbanization, development of industrial production, increasing construction activities and higher demand for automobiles. Some of the noteworthy trends of the market include rising mining activities, improving infrastructure, escalating demand for renewable energy and advancements in technological innovations. However, growth of the market would be challenged by expensive installation and maintenance and lack of trained manpower.

The global fluid power market is categorized on the basis of type and application. On the basis of type, the global fluid power market can broadly be divided into Hydraulics and Pneumatics. Hydraulics market is further categorized into actuators, valves, pumps, assemblies and others, based on the components. In terms of application, the global market can be segmented into Mobile, Industrial and Aerospace.

The fastest-growing regional market is Asia Pacific due to an upsurge in the economic growth, expanding urbanization in the region and rising emphasis on mobile applications of fluid power. North America represents the second largest fluid power market and is already well-penetrated at developed market levels. Europe is the third-largest market where growth lies in rising requirement of fluid power equipment in the automotive industry, increasing construction activities and growing industrial production.

Key Topics Covered:

1. Market Overview

1.1 Introduction

1.2 Applications of Fluid Power

1.3 Fluid Power Systems

1.4 Advantages & Disadvantages of Fluid Power Systems

1.5 Segmentation of Fluid Power

2. Global Market Analysis

2.1 Global Fluid Power Market by Value

2.2 Global Fluid Power Market Forecast by Value

2.3 Global Fluid Power Market by Type

2.3.1 Global Hydraulics Market by Value

2.3.2 Global Hydraulics Market Forecast by Value

2.3.3 Global Pneumatics Market by Value

2.3.4 Global Pneumatics Market Forecast by Value

2.4 Global Hydraulic Market by Region

2.5 Global Hydraulics Market by Type

2.5.1 Global Hydraulic Actuators Market by Value

2.5.2 Global Hydraulic Actuators Market Forecast by Value

2.5.3 Global Hydraulic Valves Market by Value

2.5.4 Global Hydraulic Valves Market Forecast by Value

2.5.5 Global Hydraulic Pumps Market by Value

2.5.6 Global Hydraulic Pumps Market Forecast by Value

2.5.7 Global Hydraulic Assemblies Market by Value

2.5.8 Global Hydraulic Assemblies Market Forecast by Value

2.5.9 Global Other Hydraulics Market by Value

2.5.10 Global Other Hydraulics Market Forecast by Value

2.6 Global Fluid Power Market by Application

2.6.1 Global Mobile Fluid Power Market by Value

2.6.2 Global Mobile Fluid Power Market Forecast by Value

2.6.3 Global Industrial Fluid Power Market by Value

2.6.4 Global Industrial Fluid Power Market Forecast by Value

2.6.5 Global Aerospace Fluid Power Market by Value

2.6.6 Global Aerospace Fluid Power Market Forecast by Value

2.7 Global Fluid Power Market by Region

3. Regional Market Analysis

3.1 Asia Pacific

3.1.1 Asia Pacific Fluid Power Market by Value

3.1.2 Asia Pacific Fluid Power Market Forecast by Value

3.1.3 Asia Hydraulic Market by Value

3.1.4 Asia Hydraulic Market Forecast by Value

3.2 North America

3.2.1 North America Fluid Power Market by Value

3.2.2 North America Fluid Power Market Forecast by Value

3.2.3 The U.S. Hydraulic Market by Value

3.2.4 The U.S. Hydraulic Market Forecast by Value

3.3 Europe

3.3.1 Europe Fluid Power Market by Value

3.3.2 Europe Fluid Power Market Forecast by Value

3.3.3 Europe Hydraulic Market by Value

3.3.4 Europe Hydraulic Market Forecast by Value

3.4 Row

3.4.1 RoW Fluid Power Market by Value

3.4.2 RoW Fluid Power Market Forecast by Value

4. Market Dynamics

4.1 Growth Drivers

4.1.1 Upsurge in Economic Growth

4.1.2 Rising Urbanization

4.1.3 Development of Industrial Production

4.1.4 Increasing Construction Activities

4.1.5 Higher Demand for Automobiles

4.2 Key Trends and Developments

4.2.1 Rising Mining Activities

4.2.2 Improving Infrastructure

4.2.3 Escalating Demand for Renewable Energy

4.2.4 Technological Innovations

4.3 Challenges

4.3.1 Expensive Installation and Maintenance

4.3.2 Lack of Trained Manpower

5. Competitive Landscape

5.1 Global Market

5.1.1 Revenue Comparison of Key Players

5.1.2 Market Capitalization Comparison of Key Players

5.1.3 R&D Comparison of Key Players

6. Company Profiles

6.1 The Bosch Group

6.1.1 Business Overview

6.1.2 Financial Overview

6.1.3 Business Strategies

6.2 Concentric AB

6.3 Parker-Hannifin Corporation

6.4 Bucher Industries AG

6.5 Eaton Corporation Inc.

6.6 Danfoss

For more information about this report visit https://www.researchandmarkets.com/r/60wad2