London, 30 January 2015 – As the construction industry expands globally, the Global Hydraulic Equipment Market is expected to grow at a CAGR of 4.54 percent from 2014-2019, says research firm TechNavio.
About the Report
According to the latest report from TechNavio, large-scale construction projects in developing countries has led to an increase in the demand for hydraulic equipment. Various infrastructure projects like construction of roads, railways and housing have led to an increase in the demand for earthmoving equipment like excavators, loaders, bulldozers and cranes that use hydraulic equipment.
“Growth in the construction industry will have a direct impact on the Global Hydraulic Equipment Market,” says Faisal Ghaus, Vice President of TechNavio.
The report also emphasizes an increase in the demand for hydraulic equipment that rely on water glycol fluids and polyol esters fluids because of their fire-resistant property. Vendors are now more focused on developing equipment with fire-resistant fluids to reduce any potential risks associated with using the equipment.
“Increased demand for fire-resistant hydraulic fluids in order to ensure safety is also expected to propel the growth of this market over the forecast period,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Growth in Construction Industry
- For a full detailed list, view our report.
Market Challenges:
- High Maintenance Cost
- For a full detailed list, view our report.
Market Trends:
- Increased Demand for Fire-resistant Hydraulic Fluids
- For a full detailed list, view our report.
Key Vendors:
- Bosch Rexroth Corp.
- Daikin Industries Ltd.
- Eaton Corp.
- Parker Hannifin Corp.
Other Prominent Vendors:
- Bailey International
- Daikin Industries
- Eaton
- Feintool International
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
