the present scenario (with the base year being 2017) and the growth prospects of global Hydraulic Tools market for 2018-2023.
Hydraulics is a topic in applied science and engineering dealing with the mechanical properties of liquids or fluids. At a very basic level, hydraulics is the liquid version of pneumatics. Fluid mechanics provides the theoretical foundation for hydraulics, which focuses on the engineering uses of fluid properties. In fluid power, hydraulics are used for the generation, control, and transmission of power by the use of pressurized liquids. Hydraulic topics range through some part of science and most of engineering modules, and cover concepts such as pipe flow, dam design, fluidics and fluid control circuitry, pumps, turbines, hydropower, computational fluid dynamics, flow measurement, river channel behavior and erosion.
A complete Hydraulic Tools System is consisting of five components: hydraulic power units, hydraulic actuating components, hydraulic control components, auxiliary components and hydraulic fluids.
The Major regions to produce hydraulic tools are United States, Europe, China and Taiwan, which accounting for more than 85 % of production value in total. United States is the largest production region (production value share 28.87%).
The market is supplied by a combination of large multinational firms and smaller local companies. The largest producer is Actuate, accounting for 29.86% market share in value in 2015?followed by Atlas Copco, SPX Flow and Kudos Mechanical. The industry competitive landscape is relatively stable. These companies tend to compete against each other globally to supply most of the largest hydraulic tools markets. These leading global firms also face competition from local players.
Along with the development of Chinese domestic Industrial technology, Chinese hydraulic tools have been made a lot of progress, but it also has a long way to be advanced in the world, especially in high-end products. Otherwise, most of Chinese companies are rather small, compared to other countries companies in value production.
The application of hydraulic tools is industrial manufacturing, oil, gas & petrochemical, electric utility, railway and other applications. Industrial manufacturing is the major application, which accounting for more than 55% of total consumption. In terms of products, the major market is Hydraulic Cylinder & Jack, which occupy more than 35% of the total market.
Over the next five years, LPI(LP Information) projects that Hydraulic Tools will register a 6.9% CAGR in terms of revenue, reach US$ 2060 million by 2023, from US$ 1380 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Hydraulic Tools market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Hydraulic Cylinder & Jack
Tightening and Loosening Tools
Segmentation by application:
Oil, Gas & Petrochemical
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Wren Hydraulic Equipment
Yindu Hydraulic Tools
Tai Cheng Hydraulic
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Hydraulic Tools consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Hydraulic Tools market by identifying its various subsegments.
Focuses on the key global Hydraulic Tools manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next