According to the latest market research study by Technavio, the global industrial joysticks market is expected to grow at a CAGR of over 5% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global industrial joysticks market regarding revenue and emergent market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts classify the market based on the product type
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The top two revenue contributing product segments discourse below:
Global hydraulic industrial joysticks market: The growing use of hydraulic industrial joysticks across varied industries like construction, maritime, and oil and gas will fuel the growth of this market segment. These instruments can be classified into construction equipment, forklifts, and aerial work platforms. The simplicity of operation, which involves controlling pilot-operated valves directly and without electronic controls is increasing the application of these devices in various industries.
“The hydraulic joysticks are designed to provide mechanical linkage or cable systems that include simple installation for applications, involving complex control. These systems automatically offer more power and minimize maintenance, thereby increasing their popularity among several end-users. Moreover, these joysticks provide a significant advantage for the operator and deliver a feel for force feedback through them. Such advantages and benefits associated with these devices will boost sales in this market segment,” says Bharath Kanniappan, a lead analyst at Technavio for research on automation.
Global electric industrial joysticks market: The availability of a wide variety of electric joysticks in the global market that is manufactured depending on its applications across industries will help in the growth of the electric industrial joysticks market segment. The different devices that are accessible in the market range from large hand-operated displacement and force control to very small, finger-operated devices. Rotary variable differential transformers (RVDTs) is a type of electrical joystick that is expensive and is normally used in large controllers, which are integrated with the equipment. The container-handling terminals in maritime industry use cranes, which is one of the different variety of electric joystick that is available in the market.
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The top sellers functioning in the global industrial joysticks market are:
- APEM
- Bosch Rexroth
- Eaton
- GE
- J.R. Merritt Controls
The other prominent retailers in the market include Cyber-Tech, Danfoss, EUCHNER, Kawasaki Precision Machinery, Orlaco, Parker Hannifin, Schneider Electric, W. Gessmann, and Walvoil.
A more detailed analysis is presented in the Technavio report titled, ‘Global Industrial Joysticks Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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