Global Mobile Hydraulic Equipment Market size was valued at US$ 42300 Mn in 2019 and expected to reach US$ 52000 Mn by 2026 at a CAGR of 3.5% during the forecast period.

The Global Mobile Hydraulic Equipment market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Mobile Hydraulic Equipment report also provides trends by market segments, technology, and investment with a competitive landscape.

Global Mobile Hydraulic Equipment Market

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2019 is considered as the base year for the analysis of the market and 2021-2026 is considered as forecasting year for the market as 2020 is adversely influenced by the COVID pandemic and Mobile Hydraulic Equipment markets have hit the downfall during the year. Moreover, the bottom-up approach is considered during the evaluation of the market as micro-level studies are done from scratch to coherently summarize the market dynamics and statistics.

Global Mobile Hydraulic Equipment Market Overview:

Mobile hydraulic equipment is used in heavy machinery in construction, mining, and other sectors to lift heavy equipment by changing pressure in the fluid present in the control valve. The exceptionally high power density of the hydraulic systems is the key factor considered to bolster the market growth. Tough working conditions and exaggerated loads are not a big deal for hydraulic systems. Hence, many applications including loaders, excavators, tractors, cranes, and other mobile equipment use a hydraulic system. Design, Power, and applications differ the mobile equipment from one another but the same hydraulic principle is used in all the cases. The global hydraulic mobile equipment market is expected to register a CAGR of approximately 3.5% during the forecast period.

Global Mobile Hydraulic Equipment Market Dynamics:

Bolstering the growth of the construction industry across the globe and increasing implementation of mobile equipment in the industries are the factors considered to drive the growth of the market. Moreover, purposefully built-in designs for hydraulic mobility solutions by manufacturers are the factor attributing to the growth in the market. Increasing adoption of compact designs and longer service life provided by OEMs for mobile vehicles are the trends attributing to the market growth. With hydraulics, a large mechanical force is generated for operational purposes and a high horsepower to weight ratio is conjugated with the system. Recently, DAIKIN has launched new 16MPa SUT series of hydraulic equipment including pumps, motors, and cylinders for excavators and mobile cranes. Moreover, inducing infrastructure investments by governments in the emerging economies across the globe is the key trend expected to bolster the growth of the market.

An increasing trend in the adoption of electric actuation system in the mobile equipment instead of hydraulic actuation is the key factor considered to hamper the market growth. In addition, lower power machines including forklifts and commercial lawn mowing equipment are rapidly adopting battery-operated system rather than a combustion engine. Battery technology improvements and electric motor efficiency integration by prominent players in the market are the key challenges expected to restrain the market growth.

Increasing demand for hydraulic actuation in material handling equipment sector across the globe and adoption of earth moving and mining equipment manufacturers are the factors considered to adhere the growth of the market during the forecast period. In addition, implementation of hydraulic lifting cylinders in many earth movers and mining equipment technology is the key factor expected to create opportunities for key players in the global mobile hydraulic equipment market.
Global Mobile Hydraulic Equipment Market Segment Analysis:

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Construction Industry Segment is dominating the Mobile Hydraulic Equipment Market:

According to World Bank, Global construction industry accounted for approximately 12,700 billion USD in the year 2019 and expected to register a CAGR of approximately 6.2% during the forecast period owing to strong infrastructure and technological improvements across the globe and low-interest rates in many of the emerging economies. Use of autonomous construction vehicles and real-time data monitoring with data tracking and RFID sensor implementation are the key trends in the construction industry domination across the globe. According to EU Statistics Department, prominent players in the mobile hydraulic equipment industry including Caterpillar, Komatsu, DAIKIN, and others are heavily investing in construction hydraulic equipment manufacturing owing to construction industry success rate and increasing digitization across the globe.

Residential construction accounted for approximately 3 billion USD in terms of market share owing to residential land planning and developments across the globe. Improved ergonomics in light machinery and high productivity was given by hydraulic systems in residential construction vehicles are the factors expected to drive the growth of the construction industry and thereby mobile hydraulic systems in the market.

Cylinders Product segment is considered to supplement the growth of Mobile Hydraulic Equipment Market:

Cylinders are the most important parts of the mobile hydraulic system. Cylinders provide much-needed working pressure to the hydraulic fluid present in the buckets of cranes, truck loaders, excavator cavities, and other mechanical equipment applications. Cylinders provide reliability to the mechanism and improve the system efficiency in rough working conditions. Cylinders accounted for approximately 46% of unit sales in the year 2019 in terms of market share.

Pumps and motors are the second dominating segments in the market owing to the need for suitable motor capability in the hydraulic fluid transfusion in the system and electrification of the applications in mobile electronics.
Shallow Margins for the Mobile Hydraulic Equipment is expected to hamper the market growth:

Mobile hydraulic Manufacturing is strictly a cost control competitive business. Some individual machines including excavators, cranes, and loaders cost more than entire small and medium-class manufacturing plants. Moreover, many companies make hydraulic machinery in the volume of thousands owing to increasing demand for hydraulic mobile machinery across the industrial sector applications. In addition, many machines require highly robust, maintained, and engineered pumps, motors, and even hex nuts. Hence, many manufacturers need to cut their expenses on other important components manufacturing which results in a shallow margin of product life. The above factors are expected to pose challenges for the market during the forecast period.

Hybrid Mobile Vehicles: New Trend in the Global Mobile Hydraulic Equipment Market:

Hybrid vehicles are battery-powered electric vehicles with hydraulically mechanized components. Many drivetrain providers and OEMs are investing in complete electrification across the industries which is expected to hamper the market growth of mobile hydraulic equipment. It does not mean that the eventual replacement of the hydraulic system will occur. Instead, many manufacturers are investing in research and development on hybrid/diesel drives hydraulic off-highway vehicles which are specifically integrated for the purpose of mobile equipment.

Many heavy-duty working machines use diesel engines for drivetrains and hydraulic systems to power the components. These machines are considered as 700-volt machine class and hence, many manufacturers are rapidly adopting the technology which is considered as a key market trend and expected to dominate the market during the forecast period.

Global Mobile Hydraulic Equipment Market 2

Mergers and Acquisitions and product developments in the market:

• Eaton enters an agreement to sell their hydraulics equipment business to Danfoss for 3.3 billion USD in the year 2020.

• Bosch announces new Cytroforce-M model of hydraulic linear drives in the year 2020 to minimize the overall machinery cost and increasing the design compactness.

• DAIKIN launched new Super motors DAIKIN IPM in the year 2020 to enhance the energy savings and preserve the global environment with fewer emissions.

• Bosch Rexroth launched new RM10-MPP and RM15-MPOP load sensing valves for mobile hydraulic equipment in the year 2021 for multi-application purpose including loaders, excavators, and crane bucket systems.
COVID Impact on the Global Mobile Hydraulic Equipment Market:

According to EU Heavy Duty Manufacturers Association, COVID pandemic has adversely affected the market owing to supply chain distortion across the globe and major construction and mining equipment manufacturers are hit by the demand gap due to insufficient inventory and halted manufacturing of excavators and loaders across the globe. In addition, product commoditization has put severe pressure on a small scale and medium scale manufacturers amid pandemic as profit margins for manufacturers get hampered. Moreover, increasing demand for autonomous and remotely controlled excavators, cranes, loaders and other mobile equipment amid pandemic owing to social distancing regulations are considered to restrain the growth of the market.

According to Transportation Research Board and ITRD survey, increasing popularity for benefits of Mobile Hydraulic Equipment across the consumers, and rescheduling of manufacturing and transportation capabilities of OEMs post restriction period are the factors considered to drive the growth of the market during the forecast period. Moreover, many manufacturers are integrating their sensor technologies to provide the most effective performance with fewer costly options for the consumers which in turn is expected to reduce the strain on the market players in terms of revenue generation. Hybrid technology is expected to dominate the market post lockdown owing to the increasing investment of prominent players in hybrid/diesel powered hydraulic mobile equipment.

Global Mobile Hydraulic Equipment Market Regional Insights:

The Asia Pacific holds the dominating share in the market owing to increasing automation practices by prominent players in the region. Factors attributing to the growth for the Mobile Hydraulic Equipment market in the region are increasing adoption of the vehicle safety systems and growing adoption of hybrid/diesel-powered technology. Moreover, increasing irrigation and infrastructure practices across the region of China, India, Japan, Korea and others and increased funding of governments in the projects are the factors expected to dominate the APAC market during the forecast period.

MEA is expected to pose as the fastest-growing region in the Mobile Hydraulic Equipment Market owing to increasing domination and mining and oil and gas piping projects across the GCC countries and African regions. In addition, demand for highly powered hydraulic machinery and 700 volt heavy-duty equipment for abundant diamond and bauxite mines in African region has adhered to the growth of the market in the region.

North America holds a prominent share in the market owing to high technological adoptions and growing safety awareness across mobile hydraulic equipment manufacturers in the region. According to HMA, increasing demand for electric and remote operated vehicles across the region is expected to hamper the market growth. The US holds a prominent share in the regional market owing to the rapid growth of sensory system manufacturers across the region but also is a key driver for hydraulic system market declination.

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The objective of the report is to present a comprehensive analysis of the Global Mobile Hydraulic Equipment Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Mobile Hydraulic Equipment Market dynamics, structure by analyzing the market segments and project the Global Mobile Hydraulic Equipment Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Mobile Hydraulic Equipment Market make the report investor’s guide

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Global Mobile Hydraulic Equipment Market 4

Global Mobile Hydraulic Equipment Market, by Region

• North America
o US
o Canada
o Mexico
• Europe
o U.K
o France
o Germany
o Italy
o Spain
o Sweden
o CIS Countries
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o ASEAN
o Rest of Asia Pacific
• Middle East and Africa
o South Africa
o GCC Countries
o Egypt
o Nigeria
o Rest of ME&A
• South America
o Brazil
o Argentina
o Rest of South America

Global Mobile Hydraulic Equipment Market Key Players

• Eaton
• Siemens AG
• Robert Bosch GmbH
• DAIKIN Industries, Ltd.
• Emerson Electric Co.
• Komatsu Ltd.
• WEBER-HYDRAULIK GmbH
• Kawasaki Heavy Industries Ltd.
• Parker-Hannifin Corporation
• Wipro Enterprises
• KYB
• Caterpillar
• Dana Brevini Fluid Power
• Danfoss
• Hydac International
• Hengli Hydraulic
• Nachi-Fujikoshi
• XCMG
• DY Corporation
• Doosan Mottrol
• Bucher Hydraulics
• Casappa
• Linde Hydraulics
• Liebherr
• Yuken
• Sany Zhongxing

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