London, 16 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the European Hydraulic Cylinders Market 2014-2018, which is expected to grow at a CAGR of 3.97 percent during 2013-2018.
“The key vendors in the European Hydraulic Cylinders market are investing a substantial amount to venture into establishing a self-owned manufacturing infrastructure or outsourcing production to manufacturers in developing countries,” says Faisal Ghaus, Vice President of TechNavio.
“The low expenses incurred in terms of raw material and workforce costs have enhanced the level of profit margin while retaining the quality commensurate with desired standards of the vendors’ brands.”
Key Market Drivers
- Expansion of End-user Industries
- Increased Popularity of Online Sales via E-commerce Platform
- Increased Investment in Overseas Production Units
Key Market Trends
- One Stop Shop Solution and Services Provider
- Shift from Conventional Fluid Power System to Smart Electric Hybrid System
- Increased Focus on Higher Efficiency Hydraulic Systems
Key Market Vendors
- Bosch Rexroth AG
- Caterpillar Inc.
- Eaton Corp. plc
- Parker Hannifin Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
