TechNavio today launched its report, Global Hydraulic Cylinder Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Post-global economic recession, there has been a steady increase in the economy of the Asian countries such as China and India. This has paved the way for the emergence of several small-scale and low-cost manufacturing companies. Several organizations in the EMEA region and the Americas are increasingly outsourcing their manufacturing activities to various countries with low labor costs such as India and China. In addition, several global companies are setting up their manufacturing plants in developing countries to take advantage of the low-cost manufacturing ability and the availability of a skilled labor force. This move helps companies to increase their market presence. Thus, the market is witnessing an increase in investments from both domestic and international vendors.”
According to the report, one of the main drivers is the increased adoption of material handling equipment across the globe. Currently, material handling equipment such as electronic overhead travelling (EOT) cranes, level luffing cranes, and stackers are widely used by several industries such as Power and Energy, Oil Refineries, Food and Beverage, and Retail other than the Construction and Engineering industries. This increases the adoption of material handling equipment and hence helps the growth of the market.
Further, the report reveals that one of the main challenges affecting this market is the lack of effective product differentiation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-hydraulic-cylinder-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Hydraulic Cylinder Market 2012-2016
