Hydraulic Power Unit Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
- Transparency Market Research
Global Hydraulic Power Unit Market: Overview
A hydraulic power unit (HPU) is one of the main driving components of a hydraulic system and is used to control, transmit, and distribute energy from a pressurized liquid. Hydraulic power units are mostly used in applications that need systematic and heavy lifting or operations that require the repeated use of a powerful, directional force. HPUs are made up of several vital elements, such as hydraulic pumps, hydraulic motors, and accumulators. They also include accessories such as tubes, valves, regulators, filters, and instruments that help regulate the performance of hydraulic power units.
HPUs are used in a number of mobile, industrial, and several medium-duty or intermittent applications, including rolling mill machinery, construction equipment, paper mill machinery, aerospace test equipment, government and military, material handling, theatrical and production equipment, automation, oil spill clean-up equipment, agricultural equipment, mobile equipment, industrial processes, meat processing machinery, machine tools, oilfields, and marine equipment.
The global market for hydraulic power units has been examined in detail by a team of expert analysts and researchers with the aim of guiding clients in their quest for success and profitability in this growing market. The various applications, end-users, and geographical markets have been assessed in detail, giving readers a 360-degree assessment of where the HPU market stands today and where it is headed in the coming years.
Global Hydraulic Power Unit Market: Key Trends and Competitive Landscape
The growing demand for equipment and machinery, in which hydraulic power units are used, is a key factor fueling the global HPU market. There has been a significant rise in building and construction activities across the globe owing to a positive global economic outlook and increasing consumer disposable incomes. Higher per capita income has resulted in the improved standards of living, thereby driving the sales and construction of homes. Rapid industrialization in several emerging economies has also contributed toward the expansion of the hydraulic power unit market substantially. Increasing automation in most industrial processes and mounting defense spending present impressive opportunities for firms to capitalize on.
Recognizing the immense potential of the HPU market, an increasing number of companies have been showing interest in this industry. Brevini Fluid Power S.p.A, Nachi-Fujikoshi Corporation, WEBER-HYDRAULIK GmbH, Parker Hannifin Corporation, HYDAC International GmbH, and Bosch Rexroth AG are some of the prominent players in the global hydraulic power unit market.
Global Hydraulic Power Unit Market: Regional Outlook
The hydraulic power unit market has been segmented based on geography into Europe, Asia Pacific, North America, and Rest of the World. The RoW segment comprises regions such as Latin America, the Middle East, and Africa. Europe and North America have been significantly contributing toward the global HPU market growth. Although the market in North America is likely to continue its excellent performance throughout the forecast period, the market in Europe is anticipated to witness sluggish growth owing to the matured state of the construction industry in the region.
Keeping up with its trend of impressive growth over the past few years, the Asia Pacific hydraulic power unit market is likely to witness the fastest growth by 2024 owing to rapid industrial growth, an increase in construction activities, and higher industrial investments. The rise in housing developments, the growing demand for higher agricultural output, and several upcoming infrastructure projects are predicted to continue driving the HPU market in Asia Pacific.
In the past, Latin America and Africa have been enjoying a decent share in the global market due to the increasing applications of hydraulic power units in material handling, oilfield operations, and construction equipment. Over the course of the forecast period, the market in these regions is anticipated to witness healthy growth driven by the rising standards of living and a consequent demand for better housing facilities, a surge in oil exploration activities, and the increasing stress on agricultural outputs. The Middle East is also projected to positively contribute toward the growth of the hydraulic power unit market in the coming years owing to the rise in construction activities, spurred by ongoing and upcoming international events.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.