Hydraulic Fluid
Connectors Market Size, Market Share, Application Analysis, Regional Outlook,
Growth Trends, Key Players, Competitive Strategies and Forecasts, 2012 To 2022
Hydraulic Fluid
Connectors Market (By Type (Mobile Hydraulic Fluid Connectors and Stationary
Hydraulic Fluid Connectors), By End-use Application (Construction and Earth
Moving, Aerospace, Agriculture, Industrial Manufacturing and Material Handling,
Automotive, and Others (Mining, etc)) - Growth, Share, Opportunities,
Competitive Analysis, and Forecast 2017 – 2025 the global hydraulic fluid
connectors market is expected to grow at a compound annual growth rate of 7.5%
during the forecast period 2017 - 2025.
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Product Insights
Hydraulic fluid
connectors are fluid transportation equipment that are used to transport
liquids from one location to another in hydraulic applications for power
transmission. Fluid connectors including hoses, couplings, manifold, and
associated assemblies and fittings are used to transfer liquids for different
hydraulic applications in industry verticals such as construction and earth
moving, aerospace, agriculture, industrial manufacturing and material handling,
automotive, mining, and oil and gas among others. The construction industry,
particularly in developed economies like North America and Europe witnessed a
gradual slowdown during the recent economic recession. However, the
construction and real estate industries in these economies have shown signs of
recovery, which would have positive impact on fresh demand for fluid
connectors. On the other hand, ever-rising population and growing urbanization
are major factors supporting market demand in developing economies. The major
boost is expected to come from industrial and agricultural sectors. Growing
industrial automation resulting in increased industrial production is driving
demand for industrial equipment, and hence hydraulic fluid connectors. The
prevailing trend towards agricultural mechanization and government support to
promote use of automated equipment for agricultural processes is also expected
to fuel market momentum.
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Competitive Insights:
The global hydraulic
fluid connectors market is highly matured and concentrated. The top four
manufacturers accounted for over 45% of the global market revenue in 2016. Parker
Hannifin Corporation (the U.S.), Eaton Corporation (the U.K.), and Gates
Corporation (the U.S.), are identified as the leading hydraulic fluid connector
manufacturers. Other manufacturers including Manuli Hydraulics, RYCO Hydraulics
Pty. Ltd., SPX Corporation, Kurt Hydraulics, ITT Corporation, Aerocom Specialty
Fittings Inc., B&E Manufacturing Company, Inc., and Atlas Specialty
Products have been marked as promising and emerging players in the hydraulic
pumps market. The market for hydraulic fluid connectors being matured is
plagued by lack of product innovation, leading to profit crunching due to price
wars among manufacturers. Lack of product innovation along with threat from
substitute technology (pneumatic fluid power) is the major challenges to the
growth of hydraulic fluid connectors market. Thus, focus on product enhancement
remains the key strategy for manufacturers.
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